Despite our changing and unpredictable economic conditions, Sanlam has shown solid operational performance for the year ended 31 December 2013. We take a look at their strategy that consists of a strong focus on client services and an increased distribution footprint.
According to the Standard & Poor’s Rating Services, $61bn will be borrowed by 17 sub-Saharan African sovereigns from long-term domestic or global commercial sources in 2014. This is a 49% increase compared to 2013. These estimates focus on debt issued by a central government but exclude local government and social security debt.