Internet News - In Brief

Internet

- SPI (Sanlam Private Investments) launched Sanlam iTrade, an online trading portal, giving investors who thrive on the adrenaline rush of trading on the Internet a new outlet for playing the market. According to Daniël Kriel, chief executive officer of SPI, Sanlam iTrade aims to capture 20% of the online trading market share within three years – thereby proving to be a worthy competitor to other players in the industry and one of which they should take note. This venture also makes Sanlam the first financial services group in the South African life insurance industry to create such a portal.