Sanlam CEO Says Mistake Was Made 'In Good Faith'

Group CEO of Sanlam Johan van Zyl has said "heads won't roll" following the reversal of the controversial sale of Bifm shares to executive managers and directors.

In an interview last week following his visit to Botswana, Van Zyl said he acknowledged that they made a mistake as far as communicating the transaction, but that they did it in good faith.

"I will be the first to admit that we did not communicate the transaction properly," Van Zyl said, "but we had good intentions."

Editor's Comment
Women unite for progress

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