In a collaborative effort to bolster budding women entrepreneurs, the Sanlam Foundation is funding 30 women entrepreneurs as part of the Sanlam Foundation Enterprise and Supplier Development programme, with Black Umbrellas, a partner entity of Cyril Ramaphosa Foundation, as the implementing partner.

Standard Bank refinanced and upsized a GBP150 million multi-currency facility for Motus, aligning with sustainability goals. The facility supports Motus’ international growth, enhancing EBITDA contribution from global operations.

On 11 July, Sanlam revealed critical insights from its seminal Benchmark Research. Given that Two-pot and the NHI are top of mind, the research focuses on healthcare and wealthcare – two levers to address the so-called twin peaks of poverty.

Small businesses in South Africa face high failure rates despite their economic contributions. Key challenges include limited sector knowledge, financial skills gaps, and undervaluing expert advice, according to Vuyelwa Nyakaza of Sukume Consulting.

Having recently celebrated 30 years of democracy in South Africa, we are prompted to think about what the next 30 years will look like for South Africans. For example, will the percentage of people retiring comfortably increase from the current 6%, or will it decrease? 

Recent research revealed that only 10% of South Africans have life insurance, a significant decline from 12% in 2019. Capitec CEO, Gerrie Fourie, emphasises the bank’s mission is to break down the obstacles hindering South Africans from accessing essential life cover.