Sanlam Expands Globally, Share Price Recovers—JSE: SLM Eyes 2024 High

Quick overview

Sanlam Limited (JSE: SLMJ) has rebounded from early 2025 losses, buoyed by fresh strategic partnerships in India and Africa, and a key divestment in the UK.

Share Price Rebounds but Faces Resistance

Sanlam’s share price has shown resilience since its Q1 downturn, bouncing back from the 200-week SMA (purple) on the technical chart. This upward trend pushed the stock close to 9,100 ZAC last week—just below its 2024 high of 9,160 ZAC—before facing renewed selling pressure. The failure to break past that level indicates temporary resistance, but momentum remains constructive.

Sanlam Share Price Chart Weekly – The 50 SMA Held Again As Support

Wealth Push in India: Sanlam–Shriram Joint Venture

Adding to the bullish outlook, Sanlam is advancing its international footprint. Its 50/50 joint venture with the Shriram Group in India, Shriram Wealth, aims to tap into the country’s growing pool of high-net-worth individuals. The new platform will offer customized financial solutions, with a target of recruiting 500 wealth relationship managers and managing assets worth ₹50,000 crore (~R110 billion) within five years.

Sanlam Divests UK Arm to Ninety One

Meanwhile, Sanlam continues to realign its international focus. The company recently finalized the sale of Sanlam Investments UK to Ninety One plc, with completion scheduled for June 16, 2025. The deal, which includes 13.7 million newly issued shares for Sanlam, will be followed by a dual listing on both the London and Johannesburg Stock Exchanges. This move positions Ninety One’s total assets under management at over R3.5 trillion, while simplifying Sanlam’s portfolio.

Pan-African Expansion Solidifies with Allianz

In Africa, Sanlam marked a major achievement with the launch of SanlamAllianz Nigeria, a merged entity between Sanlam and Allianz’s Nigerian operations. The high-profile brand launch was held on June 5, 2025, in Lagos, signaling a deeper push into one of the continent’s largest economies. SanlamAllianz aims to strengthen its presence across West Africa under a unified, globally respected brand.

Conclusion: Sanlam’s multi-front strategic execution—from India and Nigeria to the UK—underscores its evolution into a more globally focused, regionally adaptive financial services powerhouse. While technical barriers remain just below yearly highs, investor optimism may return as integration efforts and expansion milestones play out in the months ahead.

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Skerdian Meta

Lead Analyst

Skerdian Meta Lead Analyst. Skerdian is a professional Forex trader and a market analyst. He has been actively engaged in market analysis for the past 11 years. Before becoming our head analyst, Skerdian served as a trader and market analyst in Saxo Bank's local branch, Aksioner. Skerdian specialized in experimenting with developing models and hands-on trading. Skerdian has a masters degree in finance and investment.

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