Sanlam Ltd (JSE:SLM)

R 87.4 0.1 (0.11%) Market Cap: 180.10 Bil Enterprise Value: 176.29 Bil PE Ratio: 11.18 PB Ratio: 2.03 GF Score: 69/100

Sanlam Ltd Operations update Call For The Two Months Ends 29 February 2020 Transcript

Mar 30, 2020 / 03:00PM GMT

Release Date Price: R48.82 (+1.84%)

Transcript

Ian Maxwell Kirk

Sanlam Limited - Executive Officer

Thank you, Chris. Good afternoon, ladies and gents. This is our operational update around COVID-19. Thank you for joining us on the conference call. Three of my colleagues are here, Wikus Olivier, Anton Gildenhuys and Patrick Hartnic.

In line with guidance issued by the JSE to listed companies and our usual approach of keeping our stakeholders fully informed about Sanlam's operations, we released an operating update this morning that deals, not just with our results, it also fundamentally deals with the impact of the COVID-19 outbreak on the Sanlam Group. Now as you all know, the COVID-19 pandemic and its consequential impact on economic growth prospects as well as on the investment in the currency markets is the most significant event that corporate governance and society have had to deal with since the global financial crisis. And of course, significant uncertainty remains around what the eventual impact will be. As we indicated in the update, we had a very good start to the 2020 financial year. It continued the strength in the second half of

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