Sanlam takes stake in Nigeria's Oasis

Comment on this story
Sanlam Independent Newspapers. Sanlam's Bellville head office in the Western Cape. Picture: David Ritchie.

Johannesburg - South Africa's Sanlam said on Monday it had acquired an indirect stake in Nigeria's Oasis Insurance after a company it partially owns purchased 71.2 percent in the motor and fire insurer.

Sanlam said in a statement FBN Life Assurance, which is part owned by Sanlam, had bought the stake.

Oasis gives Sanlam an entry point into the general insurance sector in Africa's most populous nation. - Reuters



sign up
 
 

Comment Guidelines



  1. Please read our comment guidelines.
  2. Login and register, if you haven’ t already.
  3. Write your comment in the block below and click (Post As)
  4. Has a comment offended you? Hover your mouse over the comment and wait until a small triangle appears on the right-hand side. Click triangle () and select "Flag as inappropriate". Our moderators will take action if need be.

  5. Verified email addresses: All users on Independent Media news sites are now required to have a verified email address before being allowed to comment on articles. You are only required to verify your email address once to have full access to commenting on articles. For more information please read our comment guidelines