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MNB3701 - REPORT 1
- Institution
- University Of South Africa (Unisa)
MNB3701 - REPORT 1 - GUIDELINES, NOTES, SUMMARY
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MNB3701 – REPORT 1, Executive Summary
This report will study Sanlam`s growth into Africa, focusing on important factors such as the
group`s background history, institutional frameworks, the significance of involvement, and
leadership steps in the process.
This report aims to delve into Sanlam`s expansion in the African market. The objectives of
this report will look into the historical evolution or developments, studying formal and
informal institutional frameworks, and drawing conclusions based on findings.
An analysis of Sanlam`s expansion into the African market will include a better
understanding of the expansion strategy, objectives, and legislative and government
regulations. Results for growth and performance and looking into strategies for strategic
alignment.
Sanlam is a non-banking financial services group providing the public with financial services
such as life insurance, general insurance, and investments. Key findings have indicated
strategic motivations through market broadening, leadership goals, and the analysis for
financial inclusion. An opportunity opened for middle-class groups with a lack of insurance
or investment businesses in the market. Strategic alignment in building positive
partnerships, being the market leader, and financial inclusion show the group`s interest in
creating a service of value for the African market. The complexities of implementing a non-
banking financial service.
Conclusions drawn from the report will highlight the refined understanding of the formal and
informal institutional frameworks involved in expanding into Africa. This will entail the
importance of legislation, building positive relationships, and adapting to a different
environment with different cultures, values, and diversity.
The report all-inclusive underlines the importance of background understanding and
strategic adaption into the African market. The report highlights Sanlam`s strategic plans,
efforts, involvement, and commitment to extending non-banking financial 5
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