Sanlam Kenya is winding up its property, bottled mineral water, and asset management businesses as the insurer struggles to prop up earnings following years of losses and dividend drought for shareholders.
The company, a subsidiary of South Africa’s financial services conglomerate Sanlam Ltd, says— Sanlam Investments Ltd (asset managers), ChemiCemi Mineral Water Company (bottled water), and Mae properties (property)— have remained inactive and the group is winding them up.
