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One month later the South African Life Assurance Company was established as a full subsidiary of Santam to focus on life assurance while Santam remained focused on short-term insurance. [8] Santam is a subsidiary of South African financial services group Sanlam, which holds 62.3% of Santam’s shares.
Sanlam is a South African financial services group headquartered in Bellville, Western Cape, South Africa. [2] Sanlam is one of the largest insurance company in Africa.It is listed on the Johannesburg Stock Exchange, the Namibian Stock Exchange and the A2X. [4]
In Santam v Van Schalkwyk, [19] a father in Kroonstad lent his son in Florida the deposit for a motor vehicle. The father took out an insurance policy, the car was subsequently stolen, and the insurer repudiated due to father's failure to disclose that the vehicle had been bought by the son;
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Ms Singh brought motion proceedings in a Local Division, claiming an order for the return of her vehicle, which was then in the possession of Santam. The insurance company had issued a motor dealers' external risks policy to a firm owned by one "M." Singh's car was damaged in an accident in circumstances such that Santam was obliged to ...
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