LATEST NEWS FOR Old Mutual Ltd.  

Old Mutual is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets segments in 14 countries. Old Mutual's primary operations are in South Africa and the re... [more info]

Business interruption claims to cost Old Mutual over R650m

30 Jul 2020 /  Suren Naidoo   10
Group makes 'settlement’ offer in the wake of financial regulators reaching a landmark agreement with insurers to assist virus-hit small businesses

Old Mutual to move Zimbabwe listing

27 Jul 2020 /  Ray Ndlovu and Godfrey Marawanyika, Bloomberg  
As currency war escalates.

Insurers make concessions in business interruption cover battle

UPDATE
27 Jul 2020 /  Suren Naidoo   10
Santam commits R1bn in interim relief, in line with a similar move by Hollard.

10 ways lockdown has decimated household finances

20 Jul 2020 /  Hilton Tarrant   31
40% of consumers only have enough savings to last a month….

Zimbabwean exchange may resume trading early next week

17 Jul 2020 /  Ray Ndlovu and Godfrey Marawanyika, Bloomberg   3
Plans for reopening still to be finalised.

SA corporates’ offshore forays have destroyed over R300bn in value

16 Jul 2020 /  Peter Armitage   32
Local conditions and competitive environments are simply different.

Insurers cannot use lockdown as grounds to reject claims – FCSA

10 Jul 2020 /  Suren Naidoo   14
Regulator lambasts industry for deliberately avoiding paying out legitimate business interruption insurance claims.

Rand volatility, manufacturing constraints and the top-valued local brands

9 Jul 2020 /  Simon Brown  
Alex Duys of Umthombo Wealth on gold running on rand volatility and Steinhoff selling Conforama France. Absa Retail and Business Bank's Justin Schmidt on how to unlock the constraints in manufacturing - one of which is buying local. Dr Petrus de Kock, GM for Research at Brand South Africa on the most valuable local brands and the disconnect between brand experience and the business process.

Old Mutual confirms new CEO after protracted legal battle

UPDATE
3 Jul 2020 /  Roxanne Henderson, Bloomberg    3
Following 'comprehensive' global search.

Old Mutual’s share price is key focus in Zimbabwe’s currency war

2 Jul 2020 /  Ray Ndlovu, Bloomberg    1
Old Mutual's Zimbabwe stock rallies as a hedge against currency.

Hoteliers plead for Covid-19 business interruption insurance payouts

2 Jul 2020 /  Suren Naidoo   24
As insurance companies face billions of rands in pandemic cover claims.

Big SA insurers face R4bn in claims from 500 virus-hit firms

1 Jul 2020 /  Emma Rumney, Reuters  
Small businesses are counting on their business interruption cover to help them survive the crisis.

Covid-19 is shaking up the insurance sector

23 Jun 2020 /  Melitta Ngalonkulu  
As customer needs change.

Exchange rate exposure: A hardy perennial

17 Jun 2020 /  Izak Odendaal and Dave Mohr   13
A look at what moves the rand, why the US dollar could pull back for now, benefits of a weaker rand, and adjusting portfolios for exchange rate volatility.

Financial sector executives are getting richer

2 Jun 2020 /  Ann Crotty   11
While investors and savers get poorer. A look at PSG, Coronation, Trencor and more.

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