​​​​​​Black Economic Empowerment (BEE)

Sanlam understands that economic transformation is a national economic priority, and black economic empowerment (BEE) is a corporate responsibility.

Sanlam recognises that the principles enshrined in the Financial Sector Charter (FSC) are aimed at creating a broad-based BEE model through:

  • Creating opportunities for previously disadvantaged employees and graduates, through accelerated skills development and employment opportunities
  • Procuring goods and services from black-owned enterprises while working with them to develop these enterprises
  • I​nvesting in communities, in black entrepreneurs and in projects that support infrastructure development, low-cost housing and agriculture
  • Ensuring that equity stakes are made available to black communities, and financing those.

In March 2021, Sanlam achieved a level 1 B-BBEE status. ​​​Download Sanlam’s B-BBEE certificate

For the past 20-odd years, Sanlam has successfully contributed to BEE through the Group’s Ubuntu-Botho partnership, numerous empowerment deals via a range of initiatives, Sanlam Sky Solutions, which is focused on creating access to financial services at the lower end of the market, and the initiatives run by the Sanlam Foundation, to mention but a few. Further economic value is added through procurement of services and enterprise development initiatives.