Non-banking financial services group Sanlam and insurance and asset management group Allianz will create a pan-African non-banking financial services joint venture (JV) called SanlamAllianz with a presence in 27 African countries, excluding South Africa. The JV is expected to have a combined group equity value of about R35-billion. Retail and corporate clients of both companies will benefit from a broader offering of insurance products tailored to their needs as well as best-in-class financial solutions.