As a purpose-led company, we seek to empower generations to be financially confident, secure and prosperous. Our commitment to transformation is informed by the universal insight that everyone deserves an equal chance and opportunity to live a better life. Our grounding in South Africa has exposed us to the reality that it is impossible to transform economies without dealing with the underlying systemic social challenges, including redressing past injustices.
With the Sanlam transformation agenda, we are aiming to “build back better” in the markets where we operate. We want to truly align these markets with the natural, social and economic systems on which they depend and to build real resilience, driving equitable and sustainable growth and essentially reinventing capitalism itself.
2023 - CertificateDownload
2022 - CertificateDownload
2021 - CertificateDownload
2020 - CertificateDownload
2019 - CertificateDownload
2018 - CertificateDownload
2022 Santam CertificateB-BBEE Certificate & Annexure
“We aim to be at the forefront of authentic transformation within our sector and to make a meaningful difference in people’s lives”
Sanlam is committed to authentic transformation. We do transformation for the right reasons. We believe that true transformation is imperative for the business, employees and communities we operate in to thrive. Transformation is infused in our business and embedded in our values.
THE IMPORTANCE OF TRANSFORMATION
Transformation is one of the key ways that we create meaningful impact and address socio-economic issues. This extends beyond internal changes in our business to helping clients protect themselves and build financial resilience.Read more
Our primary initiative: Sanlam Transformation Gauge
Now in its third year, the Sanlam Transformation Gauge – in partnership with Sunday Times Business Times – is the only consolidated, sector-focused research report that takes a holistic measurement of economic transformation in South Africa, accounting for all elements of Broad-based Black Economic Empowerment (B-BBEE).
The 2023 Sanlam Transformation Gauge unpacks what is working, what isn’t, and looks at how we can spark debate and drive new solutions to reinvigorate our collective efforts to actively and deliberately include all South Africans in the economy.
At Sanlam, we take our stakeholders seriously and believe that transformation happens when all our stakeholders partake in the economy of the country.
Through the years, we have built strong business relationships with our suppliers. This has helped us form good partnerships and enabled quality service from our suppliers. Through supporting our suppliers, we have helped build resilient supply chains.
We've invested more than R652 million in education, financial literacy, health (HIV/AIDS), water security, enterprise and supplier development initiatives and employee volunteerism.Learn more
As one of the biggest insurance groups in the world, Sanlam plays an important role in creating and maintaining a sustainable system that can adapt and flourish.Learn more
Sanlam has achieved a Level 1 B-BBEE contributor status for the fifth (5th) consecutive year.
Employees in over 44 countries
Invested in training and development in 2022
Sanlam outstanding achievements as a Top Empowered company in it’s sector.
In loan funding towards ESD
Broad-Based Black Economic Empowerment (B-BBEE) is a government policy to advance economic transformation and enhance the economic participation of black people (African, Coloureds and Indians who are South Africans) in the South African economy.
BEE refers to the government’s policy and B-BBEE is the implementation of the policy. Both refer to the same strategic framework that seeks to right the wrongs of the past and to distribute the wealth of the nation across all races and genders.
By complying with B-BBEE, organisations promote economic transformation in South Africa which in turn will promote economic growth within the country due to the increase in the extent to which communities own and manage enterprises.
B-BBEE classifies entities based on annual turnover.
An entity or structure established to circumvent Black Economic Empowerment. For example, the creation of an entity that has no capability (staff or assets) merely to provide a good BEE-level or splitting a company into smaller entities to fall into EME or QSE categories.
Yes, fronting is a criminal offence with harsh penalties.
Fronting must be reported to the BEE Commission for investigation and action.
The purpose of the Employment Equity Act No. 55 of 1998 is to achieve equity in the workplace by promoting equal opportunity and fair treatment in employment through the elimination of unfair discrimination and implementing affirmative action measures to redress the disadvantages in employment experienced by people from the designated groups.
Affirmative action ensures that qualified people from designated groups have equal opportunities in the workplace.
Affirmative action measures are measures designed to ensure that suitably qualified people from the designated groups have equal employment opportunities and are equitably represented in all occupational levels in the workforce of a designated employer.
Employment equity barriers are defined as the reasons for underrepresentation of designated employees in the workforce profile.