Rhino Protection Gets Funding Boost From New Sanlam Unit
- Amplify to manage $547 milllion of Sanlam’s total funds
- About 5% of revenue to be put aside for charitable projects
A rhino in South Africa’s Kruger National Park.
Photographer: Stefan Heunis/AFP via Getty Images
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Sanlam Investments, owned by Sanlam Ltd., is creating a new asset management company that plans to put aside part of its revenue to help protect rhinos in South Africa’s Kruger National Park.
Amplify, as the new entity is known, will have 8 billion rand ($547 million) under management made up of funds transferred from elsewhere in the Cape Town-based company, the unit’s head, Marthinus Van der Nest, said by phone.