Sanlam, Backed By Patrice Motsepe, Partners With Fedhealth To Expand Affordable Healthcare In South Africa

Sanlam, Africas largest insurer, has partnered with Fedhealth to become the open medical scheme provider for its clients. The deal expands Sanlams healthcare offering, making quality medical coverage more affordable and accessible to more South Africans. Sanlam, partly owned by billionaire Patrice Motsepe, sees the collaboration as a key step in integrating healthcare with its insurance and investment services.

The partnership allows Sanlam to tap into Fedhealths expertise in medical aid while leveraging its own vast client base to bring tailored, cost-effective healthcare solutions to individuals and businesses. Fedhealth will continue operating independently under its Board of Trustees, made up of scheme members, but will benefit from Sanlams scale and financial services expertise. The collaboration enhances both companies ability to serve their members while bridging the gap between healthcare, insurance, and investment.

Sanlam CEO Paul Hanratty emphasized the mutual benefits, stating that the company is committed to helping clients live healthier, more financially secure lives. In line with this vision, Sanlam has already moved a significant portion of its staff onto Fedhealth plans. By aligning with Fedhealth, Sanlam strengthens its position in the healthcare market, offering clients more flexibility through Fedhealths customizable and affordable medical aid plans.

Founded in 1918, Sanlam is listed on the Johannesburg Stock Exchange JSE, Namibia Stock Exchange, and A2X, with a market value of R176 billion 9.53 billion. Patrice Motsepe, Africas first Black billionaire, holds a 7.8 percent stake through Ubuntu-Botho Investments and serves as the companys deputy chairman. Sanlam has been expanding aggressively in recent years, including a 1.9 billion joint venture with Allianz SE.

With this latest partnership, Sanlam and Fedhealth are combining their strengths to deliver more value through integrated products, a rewards program, and wellness incentives designed to promote healthier lifestyles. The collaboration is expected to benefit both the corporate sector and the broader public, setting a new benchmark for health, financial well-being, and long-term security in South Africa.