Tag: Hennie Nel
Santam earnings have been affected by a number of natural disasters including floods, drought and fires that has resulted in the company paying more than R800 million in Agri related catastrophes. The short-term insurer's headline earnings dropped by 1 per cent to 2069 cents. Santam Chief Financial Officer, Hennie Nel joins CNBC Africa for more.
Financial services group Santam, defined the major bumps in this period's performance as low-growth in South African and catastrophe events. Net insurance premium revenue increased by 6 per cent to R11.773 billion and headline earnings per share declined to 990 cents per share. Joining CNBC Africa for more is Hennie Nel, CFO, Santam.
Santam’s operating profit jumped 37 per cent to R3.5 billion for the year ended 31 December 2018. Santam Chief financial Officer, Hennie Nel joins CNBC Africa for more.