Sanlam to wind up three units in Kenya after years of losses, dividend drought
The insurer, a subsidiary of South Africa’s financial services conglomerate Sanlam Ltd, says its three subsidiaries have remained inactive and the group is in the process of winding them up. PHOTO | SHUTTERSTOCK
Sanlam Kenya Plc is in the process of winding up its property, bottled mineral water and asset management businesses as the insurer struggles to prop up earnings after years of losses and dividend drought for shareholders.
The insurer, a subsidiary of South Africa’s financial services conglomerate Sanlam Ltd, says its three subsidiaries have remained inactive and the group is in the process of winding them up.
