New bank launching in South Africa in two months

• Sanlam will soft-launch its new banking services in South Africa on 1 November 2026
• Sanlam received regulatory approval to introduce transactional services to its offerings, and is waiting for key deliverables such as Apple Pay functionality
• The rollout of transactional banking services is a priority for the group, along with the growth of the retail credit business, which has seen muted growth in its core earnings over the last six months