Sanlam Share Price JSE: SLM Aims New Records as Strategic Partnerships and Fintech Accelerate Growth
Sanlam, the South African financial services heavyweight, has seen its share price surge to record levels as strategic partnerships and...
Quick overview
- Sanlam's share price has reached record levels due to strategic partnerships and digital investments.
- The completion of Ninety One's acquisition of Sanlam Investment Management marks a significant 15-year partnership.
- Sanlam Maroc's investment in fintech startup Woliz highlights the group's commitment to financial inclusion and digital innovation.
- The company's growth is supported by a favorable macroeconomic environment for African investments and a disciplined approach to risk.
Sanlam, the South African financial services heavyweight, has seen its share price surge to record levels as strategic partnerships and targeted digital investments strengthen its long-term growth outlook.
Sanlam Share Price Reaches New Highs
Sanlam’s recent share price performance has captured investor attention, with JSE: SLM pushing to fresh record levels amid growing confidence in the group’s strategic direction. The stock has benefited from a combination of long-term partnerships, disciplined capital allocation, and exposure to high-growth digital themes across Africa.
Sanlam Chart Weekly – SLM Shares Accommodate Above R100
Momentum has been particularly notable in recent weeks, reflecting renewed optimism around Sanlam’s ability to deliver sustainable value across insurance, asset management, and financial services.
Landmark Partnership With Ninety One
A major catalyst has been the completion of Ninety One’s acquisition of Sanlam Investment Management Proprietary Limited. Announced in November 2024 and finalised this week following regulatory approvals, the transaction marks the beginning of a 15-year strategic partnership between Ninety One and the Sanlam Group.
Under the agreement, Ninety One issued more than 45 million ordinary Ninety One plc shares and nearly 67 million Ninety One Limited shares to Sanlam entities as consideration. These shares were admitted to trading on both the London Stock Exchange and the Johannesburg Stock Exchange, further strengthening Sanlam’s exposure to global asset management markets.
The deal enhances scale, broadens distribution capabilities, and aligns Sanlam with a globally respected investment manager, reinforcing confidence in its long-term earnings profile.
Strategic Push Into Fintech Through Sanlam Maroc
Sanlam’s growth narrative extends beyond traditional financial services. In late December, Sanlam Maroc took a strategic equity stake in Woliz, a fast-growing Moroccan fintech startup focused on digitising neighbourhood retail stores.
The $2.2 million investment represents Sanlam Maroc’s first venture-style transaction and underscores the group’s commitment to financial inclusion and digital innovation. Woliz’s platform connects small retailers into an integrated digital ecosystem, linking payments, suppliers, telecommunications, institutions, and consumers.
By placing shop owners at the centre of the platform, Woliz aims to improve efficiency, transparency, and access to formal financial services—an approach that aligns well with Sanlam’s broader social and economic objectives across the continent.
Technical Strength Reinforces the Bullish Case
Sanlam’s share price action has also been technically constructive. Since April 2025, the stock has rebounded strongly from its 200-week simple moving average near R64 and continued to trend higher. The recent breakout above the previous record high of R99 from 2018 marked a key milestone.
SLMJ Chart Monthly – The 20 SMA Held As Support
After reaching R105.60, the stock briefly dipped below R100 late last week before finding solid support at its moving averages. Monday’s rebound highlighted strong underlying demand, pushing the share price back toward new highs and reinforcing the broader uptrend.
Supportive Backdrop for African Digital Growth
Sanlam’s strategic moves come amid a supportive macro backdrop for African investment. According to UNCTAD’s 2025 World Investment Report, foreign direct investment into Africa surged to $97 billion in 2024, up sharply from $55 billion the prior year. Digital economy projects were a key driver of this growth.
By combining established financial services with selective exposure to fintech and digital platforms, Sanlam is positioning itself to benefit from these long-term structural trends while maintaining a disciplined, risk-aware approach.
Outlook: Momentum With Long-Term Depth
Sanlam’s recent rally reflects more than short-term enthusiasm. Strategic partnerships, expanding international exposure, and carefully targeted digital investments have strengthened the group’s growth foundation. As execution continues and long-term initiatives mature, Sanlam’s record-breaking share price increasingly looks supported by substance as well as sentiment.
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