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African Rainbow Capital and Sanlam’s joint investment approved

South Africa’s Competition Commission has given the go-ahead to Sanlam and African Rainbow Capital to make their joint investment in insurance broker Indwe Broker Holdings. The R200 million deal is the first joint investment the two companies have embarked upon., with African Rainbow Capital owning 51% of Indwe, while Sanlam will have a 25% interest. 

Read more at Business Day…

 

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