- Sanlam has concluded its acquisition of a controlling stake in AfroCentric Investment Corporation.
- The deal is worth R1.2-billion.
- Sanlam will now own 60% of AfroCentric.
- The acquisition will allow Sanlam to expand its presence in the healthcare market.
- AfroCentric is a black-owned investment holding company with interests in the healthcare market.
- The deal is seen as a positive development for the South African economy.
The deal has been welcomed by both Sanlam and AfroCentric.
The deal is seen as a sign that Sanlam is committed to expanding its presence in the country and that it is confident in the future of the South African economy.