South Africa’s biggest insurer feeling the pain of Ninety One mega deal

• Sanlam's earnings per share (EPS) are expected to increase by up to 34% due to one-off gains from the disposal of its Sanlam Investments active asset manager business.
• The deal with Ninety One has impacted Sanlam's headline earnings per share (HEPS) as shareholder investment returns were lower than in 2025 across the group's portfolio.
• Sanlam's interim results for the six months through June 2026 will be released on Thursday, 10 September 2026, and will provide further insight into the company's performance following the Ninety One mega deal.