Announced in May 2022, the plan to create a joint venture with a total combined value of more than 2 billion USD by insurers Sanlam and Allianz will be finalized no later than the beginning of September 2023, according to an announcement made Thursday, September 8 by one Parties. This new entity – which will be 60% controlled by Sanlam – is undergoing regulatory scrutiny in African markets where either or both companies have a presence. Namibia will be included later and South Africa is excluded from the agreement, according to the announcement made last May. For its part, the
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