When it comes to the financial services sector in South Africa, two names often come up: Sanlam and Old Mutual. Both companies are giants in the industry, but how do they compare in terms of size and influence?
Revenue and Market Position
In 2022, Old Mutual secured the top spot among Africa’s insurers, with a remarkable 32% increase in revenue. This growth solidified its position as the leading financial services provider on the continent. On the other hand, Sanlam, which ranks second, has been strategically refining its focus and expanding its reach through a significant partnership with Allianz.
Strategic Partnerships and Expansion
Sanlam’s partnership with Allianz, established last year, has been a game-changer. This collaboration, known as SanlamAllianz, has extended Sanlam’s operations to 27 African countries. This strategic move is part of Sanlam’s broader vision to enhance its footprint across the continent and compete more effectively on a global scale.
Financial Performance
While Old Mutual leads in revenue, Sanlam has also shown impressive financial performance. In 2022, Sanlam reported an 8% growth in its key earnings metric, net results from financial services. This growth, coupled with a robust return on group equity value (RoGEV) of 15.1%, underscores Sanlam’s strong financial health.
Market Influence and Future Prospects
Both companies have a significant influence on the South African and broader African financial markets. Old Mutual’s extensive product offerings and strong market presence make it a formidable competitor. Meanwhile, Sanlam’s strategic alliances and consistent financial performance position it well for future growth.
Conclusion
In conclusion, while Old Mutual currently holds the top spot in terms of revenue, Sanlam is not far behind and continues to strengthen its market position through strategic partnerships and solid financial performance. Both companies are key players in the financial services sector, each with its unique strengths and growth strategies
Overview of Public Universities in South Africa
Here's an overview of some public universities in South Africa, including general admissions requirements and estimated application periods. Keep in mind, specific program requirements and dates can vary significantly, so it's important to check each university's official website for the most current information.
University of Pretoria
- Admissions Requirements: National Senior Certificate with minimum scores in specific subjects related to the chosen program; for international students, equivalent qualifications.
- Application Period: Usually opens in March and closes at the end of July for most programs.
University of Cape Town
- Admissions Requirements: National Senior Certificate with pass levels required for degree study; subject-specific requirements depending on the program.
- Application Period: Application opens in April and closes at the end of July.
Stellenbosch University
- Admissions Requirements: National Senior Certificate with required marks; some programs have additional testing.
- Application Period: Opens in March and typically closes at the end of June.
University of the Witwatersrand
- Admissions Requirements: Matriculation certificate with university exemption; required scores vary by faculty.
- Application Period: Begins in March and ends on the 30th of September.
University of Johannesburg
- Admissions Requirements: Matric exemption with a minimum APS score; specific subject requirements based on the faculty.
- Application Period: Opens in April and generally closes by the 30th of September.
University of the Free State
- Admissions Requirements: National Senior Certificate with specific marks for the program applied to; additional requirements for certain courses.
- Application Period: Typically opens in April and closes at the end of August.
University of Venda
- Admissions Requirements: Completion of the National Senior Certificate with an endorsement for diploma or degree studies; specific APS scores needed.
- Application Period: Usually from May to September.
University of Fort Hare
- Admissions Requirements: National Senior Certificate with university exemption; certain programs may have specific requirements.
- Application Period: Opens around May and closes at the end of September.
University of the Western Cape
- Admissions Requirements: National Senior Certificate with specific performance levels; additional requirements for certain programs.
- Application Period: Generally from May to September.
North-West University
- Admissions Requirements: National Senior Certificate with university exemption; program-specific requirements may apply.
- Application Period: Opens in March and usually closes by the end of August.
Rhodes University
- Admissions Requirements: National Senior Certificate or equivalent; minimum academic performance in certain subjects.
- Application Period: Applications open in April and close at the end of September.
Nelson Mandela University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; portfolio or additional tests for some faculties.
- Application Period: Opens in April, with a deadline at the end of August for most programs.
Cape Peninsula University of Technology
- Admissions Requirements: National Senior Certificate with specific scores; additional requirements for certain courses.
- Application Period: Opens in May and typically closes by the end of September.
University of Limpopo
- Admissions Requirements: Senior Certificate with endorsement for diploma or degree courses; specific APS scores for different programs.
- Application Period: From April to September.
University of Zululand
- Admissions Requirements: National Senior Certificate with an endorsement for bachelor’s degree studies; specific score requirements for various programs.
- Application Period: Usually between April and November.
Central University of Technology
- Admissions Requirements: National Senior Certificate with specific scores for the chosen field of study; additional criteria for certain programs.
- Application Period: Application period generally starts in May and ends in October.
Vaal University of Technology
- Admissions Requirements: National Senior Certificate with a pass that qualifies for admission to bachelor’s degree, diploma, or higher certificate programs.
- Application Period: Typically from May to September.
Walter Sisulu University
- Admissions Requirements: National Senior Certificate with required scores for chosen programs; additional criteria for certain faculties.
- Application Period: From April to September.
This list provides a starting point for understanding the admissions landscape across South Africa's diverse higher education institutions. Given the variability in programs and requirements, it's crucial to consult each university's website for the most accurate and up-to-date information.