Sanlam, an insurance company, completed the acquisition of an additional 16.6% stake in Saham Finances, an insurance group, for $329m. “Having identified strong synergies between the Sanlam and SAHAM Groups, we are committed to unlocking additional collaborations together through our collective skills and network capabilities across Africa. We believe this holds significant mutual benefits for the two groups and it will also benefit our stakeholders," Junior Ngulube, Sanlam Emerging Markets CEO.