Sanlam Limited - Resignation By A Director
SANLAM LIMITED
(REGISTRATION NUMBER 1959/001562/06)
JSE share code: SLM
NSX share code: SLA
ISIN number: ZAE000070660
Sanlam: Resignation of Mr Vusi Khanyile as non-executive and independent
director
Sanlam announces the resignation of Mr Vusi Khanyile as non-executive and
independent director on the Boards of Sanlam Limited and Sanlam Life with
immediate effect.
Mr Khanyile resigned because of his concern that his independence on the Sanlam
boards may be compromised through the growing business relationships between
Sanlam and Thebe Investment Corporation, of which he is the chairman.
Sanlam has entered into an agreement through which it became a strategic partner
in Thebe"s financial services proposition by acquiring 55% of Safrican, Thebe"s
life insurance company. Through this transaction, part of Safrican"s
distribution activities was hived-off in a new entity, Thebe Community Financial
Services, in which Sanlam also holds 30%.
Sponsor:
J.P.Morgan Equities Limited
Date: 30/11/2005 02:31:02 PM Produced by the JSE SENS Department
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