Sanlam Ltd Corporate Call Transcript
Good day, ladies and gentlemen, and welcome to the Sanlam Investor Update. (Operator Instructions) Please also note that this call is being recorded. I would now like to turn the conference over to the Group Chief Executive Officer, Mr. Paul Hanratty. Please go ahead, sir.
Thank you very much. Good afternoon, ladies and gentlemen, and thank you very much for making time to join us this afternoon. I've got Robert Roux, the Chief Executive of the Sanlam Investment Group, online with me. I've also got Wikus Olivier, who's the Chief Financial Officer at Sanlam; and we've got Patrick Hartnic from Investor Relations as well on the call. And between us, we're very happy to take your questions in due course.
I'm not going to say a great deal to introduce the topic. And we sent out a SENS today, and we're very excited to be able to announce today the acquisition of 25% of our third-party asset management business by African Rainbow Capital. This creates the largest black-owned asset manager in South
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