Sanlam looks at buying assets in Africa, UK, India

Speaking at the insurer's half-year results presentation on Friday, van Zyl tempered his worry about a slow recovery in SA and Africa with a promise to shareholders that the group would continue to seek out opportunities to grow.

van Zyl said despite the tough economic environment in SA and slow recovery in Africa, Sanlam would not ease up on its efforts to grow the business, pointing out that the group's excess cash should find a suitable home.