Magazine date:
Jan 2024 
Sanlam is planning to acquire a 100% stake in Assupol Holdings, a South African life insurance company [4], through its subsidiary Sanlam Life Insurance.
The pan-African group is proposing a 6.5 billion ZAR (348.2 million USD) bid for the takeover of Assupol.
The transaction, which will be implemented through a plan of arrangement, comes after the two shareholders, Budvest and International Finance Corporation (IFC), announced their intention to sell their respective stakes of 46.02% and 19.41% in 2023.
The deal is still pending approval by the relevant authorities and Assupol's shareholders.