The Tribunal has unconditionally approved the proposed merger wherein Sanlam Ltd (“Sanlam”) and Sanlam Life Insurance Ltd (“Sanlam Life”) intend to acquire shareholding in AfroCentric. Post-merger, Sanlam will have sole control over the AfroCentric Group.
 
The Sanlam Group provides, among other services, healthcare advisory or consulting services to individuals. It provides the following services to the AfroCentric Group:

• potential sales leads for individual healthcare advice;
• co-branding, white labelling and marketing of AfroCentric’s healthcare products; and
• underwriting services for cell captive short-term insurance products.

The AfroCentric Group provides, among other services, healthcare advisory or consulting services to individuals. It provides the following services to the Sanlam Group:

• marketing services;
• potential sales leads for non-life insurance products; and
• corporate wellness services.