Macro challenges

Sanlam: High rates in South Africa will impact investment portfolios, says CEO Hanratty

By Xolisa Phillip, in Johannesburg

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Posted on April 27, 2023 11:27

The logo of South Africa’s largest insurer Sanlam is seen outside the company’s headquarters in Cape Town, South Africa March 12, 2020. REUTERS

As the curtain closes on the 15-year run of cheap money, asset prices across different classes have been rebalanced, Sanlam CEO Paul Hanratty tells The Africa Report.

Hanratty has been at the helm of Africa’s leading non-banking financial services group since July 2020, during the onset of the pandemic. At the time, the listed company embarked on a process to revamp its strategy.

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