South Africa's Sanlam in talks about acquisition in Angola

Sanlam has started talks about a potential acquisition in Angola, the company's senior official told Reuters this week, as South Africa's largest insurer look for new streams of income to offset slowing growth at home. "At this very moment, we are in discussions in Angola," said Heinie Werth, head of Sanlam's emerging markets unit. "Angola was always on our radar." Sanlam, which has businesses in several other countries such Ghana and Nigeria, has been bulking up its presence elsewhere in Africa