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The Power of Your LifeThe Sanlam Century of Insurance Empowerment, 1918-2018$

Grietjie Verhoef

Print publication date: 2018

Print ISBN-13: 9780198817758

Published to Oxford Scholarship Online: December 2018

DOI: 10.1093/oso/9780198817758.001.0001

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PRINTED FROM OXFORD SCHOLARSHIP ONLINE (oxford.universitypressscholarship.com). (c) Copyright Oxford University Press, 2021. All Rights Reserved. An individual user may print out a PDF of a single chapter of a monograph in OSO for personal use. date: 24 June 2021

(p.xxi) List of Abbreviations

(p.xxi) List of Abbreviations

The Power of Your Life

Grietjie Verhoef

Oxford University Press

  • AAC

    Anglo American Corporation

  • ABSA

    Amalgamated Banks of South Africa

  • ACVV

    Afrikaanse Christelike Vrouevereniging (Afrikaans Christian Women’s Association)

  • AECI

    African Explosives and Chemical Industries

  • AHI

    Afrikaanse Handelsinstituut (Afrikaans Chamber of Commerce)

  • AHT

    African Homes Trust

  • A&M

    Automation and Mechanization

  • AMP

    Australian Mutual and Provident

  • ANC

    African National Congress

  • ARC

    African Rainbow Capital

  • BAAM

    Business Adopt a Municipality

  • BDM

    Business Development Manager

  • BEE

    Black Economic Empowerment

  • B-BBEE

    Broad-based Black Economic Empowerment

  • BoP

    Bottom of the Pyramid

  • BSB

    Boere Saamwerk Beperk (Farmers’ Collaborative Organization)

  • CAI

    Corporate Africa Investments


    Chartered Accountants’ Medical Aid Fund


    Cancer Association of South Africa

  • CAR

    Capital Adequacy Ratio

  • CMT

    Cash Management Trust


    Congress of South African Trade Unions

  • CPIX

    Consumer Price Index Excluding Mortgages

  • CRAF

    Central Retirement Annuity Fund

  • CRM

    Client Relationship Management

  • CSA

    Country Specific Advantage

  • CSI

    Corporate Social Investment

  • CSR

    Corporate Social Responsibility

  • DCO

    Dominion, Colonial and Overseas (p.xxii)

  • DCoG

    Department of Cooperative Government

  • DRC

    Dutch Reformed Church

  • DT

    Demutualization Trust

  • EDP

    Electronic Data Processing

  • EE

    Employment Equity

  • EFT

    Electronic Funds Transfer

  • EGL

    Empowerment Group Leader

  • ELM

    Entry Level Market

  • EO

    Equal Opportunity

  • EV

    Embedded Value

  • EVK

    Ekonomiese Volkskongres (Economic Congress of the People)

  • FAIS

    Financial Advisory and Intermediary Services

  • FET

    Further Education and Training

  • FFA

    Fellow of the Faculty of Actuaries

  • FM

    Federale Mynboumaatskappy (Federal Mining Company)

  • FPI

    Financial Planning Institute

  • FSB

    Financial Services Board

  • FSC

    Financial Sector Charter

  • FSV

    Financial Soundness Valuation

  • FVB

    Federale Volksbeleggings (Federal People’s Investments)

  • GAAP

    General Accepted Accounting Principles

  • GDFI

    Gross Domestic Fixed Investment

  • GDP

    Gross Domestic Product

  • GEMS

    Government Employees Medical Scheme

  • GFC

    Global Financial Crisis (2008)

  • GFSA

    Gold Fields of South Africa

  • GNI

    Guardian National Insurance

  • GRI

    Global Reporting Initiative

  • HSBC

    Hong Kong Shanghai Banking Corporation

  • IDC

    Industrial Development Corporation of South Africa

  • IFRS

    International Financial Reporting System

  • ILPA

    Institute of Life and Pension Advisers


    Insurance Sector Training Authority

  • IRR

    Internal Rate of Return (p.xxiii)

  • JCI

    Johannesburg Consolidated Investments

  • JSE

    Johannesburg Securities Exchange

  • KMB

    Korporatiewe Maatskaplike Betrokkenheid (Corporate Social Responsibility)

  • KWV

    Koöperatiewe Wynbouers Vereniging (Wine Farmers’ Co-operative)

  • KZN

    Kwa-Zulu Natal

  • LAMA

    Life Assurance Management Association

  • LID

    Lid Identifikasiestelsel (Member Identification System)

  • LISP

    Linked Investor Service Provider

  • LOA

    Life Offices Association

  • LTRR

    Long-Term Rate of Return

  • MIA

    Merchant Investors’ Assurance

  • MOU

    Memorandum of Understanding

  • MSV

    Modified Statutory Valuation

  • NAIL

    New Africa Investments Limited

  • NEC

    National Empowerment Commission

  • NIPR

    National Institute of Personnel Research


    National Medical Aid Society of South Africa

  • NP

    National Party

  • NPO

    Non-Profit Organization

  • OB

    Ossewa Brandwag (Ox Wagon Guard)

  • OFS

    Orange Free State

  • OLS

    Ordinary Least Squares

  • PAC

    Pan Africanist Congress

  • PFA

    Pension Fund Administrator

  • PIC

    Public Investment Commissioner

  • P4RR

    Partnership for Risk and Resilience

  • PPS

    Professional Provident Society

  • PSG

    Private Securities Group

  • PwC


  • RDB

    Reddingsdaadbond (Self Redemption League)

  • RDP

    Reconstruction and Development Plan

  • RDR

    Retail Delivery Review

  • REAL

    Real Africa Holdings Limited

  • RFA

    Retirement Fund Administrator

  • RFR

    Risk Free Return (p.xxiv)

  • RHO

    Regional Head Office

  • RoA

    Return on Assets

  • RoC

    Return on Capital

  • RoCE

    Return on Capital Employed

  • ROCO

    Register of Co-operation between commercial banks

  • RoE

    Return on Equity

  • RoEV

    Return on Embedded Value

  • RoOGEV

    Return on Group Equity Value

  • SABC

    South African Broadcasting Corporation


    South African Business Ethics Survey


    South African Council for English Education

  • SAD

    South African Druggists


    South African Democratic Teachers’ Union


    South African Institute of Chartered Accountants


    South African Local Government Association

  • SAM

    Sanlam Asset Management

  • SAM

    Solvency Assessment Management (regulatory regime of the FSB)

  • SAMA

    South African Medical Association


    South Africa Association of Medical Aid Schemes


    Suid-Afrikanse Nasionale Siekte- en Ongevallemaatskappy (South African Sick and Casualty Company)

  • SAP

    South African Party

  • SAQA

    South African Qualifications Authority

  • SARB

    South African Reserve Bank


    South African Oil and Gas Corporation


    South African Torbanite Mining and Research

  • SBIC

    Standard Bank Investment Corporation

  • SC

    Sanlam Corporate

  • SCM

    Sanlam Capital Markets

  • SDM

    Sanlam Developing Markets

  • SEM

    Sanlam Emerging Markets


    Sanlam Emerging Markets Ireland, Limited

  • SF

    Sanlam Foundation

  • SFAS

    Statement of Financial Accounting Standards

  • SFP

    Sanlam Financial Planners (p.xxv)

  • SFS

    Sanlam Financial Services

  • SGI

    Shriram General Insurance

  • SHRM

    Sanlam Health Risk Management

  • SHAM

    Sanlam Health Administration Management

  • SHQM

    Sanlam Health Quality Management

  • SIIP

    Sanlam International Investment Partners

  • SIM

    Sanlam Investment Management

  • SMMI

    Sanlam Multi Manager International

  • SNH

    Sanlam Netherlands BV

  • SOA

    Service Oriented Architecture

  • SOE

    State Owned Enterprise

  • SPC

    Strategic Planning Company

  • SPF

    Sanlam Personal Finance

  • SPW

    Sanlam Private Wealth

  • SSS

    Sanlam Sky Solutions

  • STFC

    Shriram Transport Finance Company

  • SUT

    Sanlam Unit Trusts

  • TCF

    Treat Customers Fairly

  • TCFS

    Thebe Community Financial Services

  • TCOA

    Transvaal Coal Owners’ Association

  • TIC

    Thebe Investment Corporation

  • TRC

    Truth and Reconciliation Commission

  • UB



    Ubuntu Botho Community Development Trust

  • UDF

    United Democratic Front

  • UP

    United Party

  • UBFS

    Ubuntu Botho Financial Services