SA employers will be looking for new ways to keep staff happy as average wage increases over the next rolling 12-month period are only expected to reach 5.4%, which is below inflation.
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A recent survey hosted in partnership with Sanlam found that 36% of adult respondents do not have medical aid, citing affordability and income level as the main reasons why they are not privately insured.
Sanlam has launched a new business called Sanlam Health Solutions. But the company doesn't want to compete with medical aids. It wants to cater for those who can't afford it.