Alexander Forbes begins trading after insurance sale to Sunram

Alexander Forbes Group Holdings is seeking to acquire companies to build employee benefits services after finalizing a plan to withdraw from the insurance sector.

South Africa’s retirement investment adviser has increased surplus capital and sold its risk and retail business, which had premium income of R1 billion at the end of March, to Sunram.

The 100 million Rand deal will end the strategy of ending capital-intensive activities following the disposal in Uganda and Zambia, allowing the company to focus on scaling up in priority areas.

“This is about the increase in acquisitions due to the integration of new businesses and

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