Sanlam is one of South Africa’s leading financial service providers and the largest insurance company in all of Africa. The headquarter of Sanlam is at Bellville, western cape, South Africa and operates in several other African countries, which include: Namibia, Botswana, Swaziland, Zimbabwe, Mauritius, Malawi, Zambia, Tanzania, Rwanda, Uganda, Kenya, Ghana, Nigeria, Mozambique, India, Malaysia and the UK. The company also has business interests across the globe, reaching Australia and the Philippines; no doubt it is Africa’s largest insurance company. Since its establishment in 1918, the life insurance company has developed and branched out into several other financial services, including Sanlam personal finance, Sanlam emerging markets, Sanlam Investments, Sanlam corporate, and Santam.
Since its acquisition of SAHAM in 2018, Sanlam has become the biggest non-banking financial service provider on the continent. The company provides several financial services, including life insurance, financial planning, retirement annuities, trusts, wills, short-term insurance, assets management, risk management and capital market activities, investments and wealth management. Its reach and exposure extend to north African countries and the middle east. Sanlam has, through its partnership with Ubuntu-Bonto Investments, been able to empower the broad-based black economy.
As mentioned above, the Sanlam group operations are managed through five different operating clusters which are:
- Sanlam personal finance
- Sanlam emerging markets
- Sanlam investments
- Sanlam corporate
Sanlam Share Price
Sanlam’s current share price, according to wallet investors as of 8/14/2022 stands at 8.130USD (+.619%) and a market cap of 8,653,090,000 USD. They however foresee a decrease in the share price in the next year. They estimate that the share price would reduce to 6.837USD. For this reason, now may be a good time to buy shares and invest in the company. You can buy and monitor your shares online through several stock trading websites such as JSE.
How to register with Sanlam
To enjoy the full benefits of all that Sanlam has to offer, you would have to be registered with the company. For you to do that, here’s what you’ll need.
- A Sanlam product number or valid ID/Passport number
- A valid cell phone number
- A valid e-mail address
Once you have the have requirements, follow these simple steps to register:
- Go to the official Sanlam website and click on login. You can type in www.sanlam.co.za in your browser. To can also use this direct link in your browser address field, https://cp.sanlam.co.za
- Then click on the register button
- When the portal opens, enter your product number or ID/Passport number to start your process.
- You will then be required to confirm your cell phone number
- Once you have done that, confirm your email address as well
- Choose a username, something that you would remember easily
- A temporary password will be sent to you via SMS, enter the password in the corresponding field
- You can then choose a new password. Choose a password that is not easily hacked but also something you can easily remember
- Read and accept the terms and conditions and your Sanlam portfolio will be open and you can now be able to manage your portfolio online.
Sanlam provides a wide variety of investment opportunities that accommodate different investor risk and return preferences. Here’s why you consider investing with Sanlam. They have been dedicated to creating value and contributing to financial prosperity for their stakeholders over the past 100 years of existence. The company also diversifies its operations to meet your individual and organizational needs. Investors also benefit from the company’s unmatched pan African presence and the opportunity to invest in other high growth territories through a stable and well-established partnership model. Below is a list of Sanlam’s investment options.
A unit trust is an investment plan that gives access and cost-effective access to companies via share and property bonds which are not available to direct investors with smaller amounts to invest. Sanlam’s unit trust gives you access to South Africa’s investment managers, not allowing you to navigate the market alone. With Sanlam, you can enjoy a wide variety of funds, with both local and international investment options from R500 a month.
Investing for growth
To make money grow and work for you, Sanlam provides a variety of investing for growth options which include unit trusts (minimum contribution of R500 per month), Sanlam Wealth Edge Endowment Plan (a minimum lump sum of R100,000), and Sanlam Cumulus Investment Plan (from R1000 per month or R100,000 lump sum).
Sanlam’s international investments include; investing directly offshore, investing in rand-denominated funds, investing with Glacier by Sanlam and investing with Sanlam Private Wealth.
With Sanlam Goal Manager, you can very easily plan and save for your child’s education (including college and university tuition) no matter how young or old they are.
- Online trade with Sanlam iTrade
Sanlam’s iTrade allows you to have access to live market information and news, daily and weekly market reports, and immediate trade confirmations via SMS. It also provides a unique feature and experience of trading online in Afrikaans.
- Sanlam tax-free savings
With as little as R350 per month, you can save Tax-free for your long term goals. You will not be required to pay any tax on interest, dividends or capital gains. You can equally withdraw your money at any time.
How do Sanlam investments work?
After reviewing the investment options at Sanlam, here is how it all works. If you would like to invest, you can follow these steps;
Step 1: choose an investment plan that’s right for you
In order to choose a product or investment plan that will suit you, you should first identify what your financial goal is. You could choose to save for retirement or for your child’s education; that could be your goal.
Step 2: familiarize yourself with the specific features of each product or plan.
This includes knowing when you will be allowed to withdraw your money, whether or not you will be taxed on your investment or the money you have withdrawn etc.
Step 3: consider these things
- How long do you want to invest for
- How much risk you are willing to take
- How much you can afford to contribute towards your financial goal
- The adviser and administration fees associated with your fund of choice
The answers to these questions will guide and give you a better idea of the risks and benefits your ideal fund might fall into.
Step 4: get ready to invest.
Now that you are fully knowledgeable of your financial goal, the risk involved, and whether or not you can afford it, you can now choose a fund that suits you and invest. You can invest online or with the help of a financial advisor. Either way, you should have these documents handy:
- Proof of identity such as a copy of your ID
- Proof of address
In the event that you are investing for a minor, you will need to provide additional information and documentation. Your financial adviser should be able to give you more information on this subject.
Once you have invested, investors get paid a percentage of ownership in the company in exchange for providing capital. Following the specific features of the product or fund you choose and with the help of your financial adviser, you will know when you are able to withdraw your money and how much interest or dividends your investment yields.
Sanlam investment calculator
Sanlam has principally four investment calculators, which will be listed and explained below:
- Education calculator
You can find out how much to save for your child by using this tool. Based on the age of the child or the number of children you have, and your monthly income, you will be able to know how to save for each child.
- Retirement calculator
This tool enables you to know how much you will need to save to be able to retire comfortably. It uses projections based on assumptions about uncertain future outcomes and compares your current age, projected retirement age and current monthly earnings to propose a suitable retirement plan.
- Income tax calculator
The income tax calculator tool calculates your annual and monthly income tax deductions by comparing your age and monthly salary to your last year’s deduction.
- Funds value calculator
This tool calculates the value of your investments which is always equal to the number of units multiplied by the daily selling price of the investment fund.
We hope this article gives you a proper overview of Sanlam’s financial services, how to register and benefit from these services and how to grow your wealth by choosing one of their investment plans and systems. If you would like to know more about this company, please check their official website.