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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 in 14 countries. The Group was established in Cape Town in 1845 as South Africa’s firs... [more info]

What Ninety One is buying and selling

20 Sep 2021 /  Ryk van Niekerk    5
And why – Hannes van den Berg, co-head of SA Equity & Multi-Asset within the 4Factor team at the asset manager explains.

Stor-Age in new self-storage JV with Nedbank

UPDATE
15 Sep 2021 /  Suren Naidoo   1
Proposed deal is part of the group’s current R685m SA development pipeline.

Executive remuneration: TFG’s misunderstood shareholders and a cheeky move at Old Mutual

6 Sep 2021 /  Ann Crotty   15
Musings on the retailer and insurer both failing to get approval on remuneration policies, as well as a brief look at developments at Prosus, Ayo and Shoprite.

Santam ‘making headway’ in settling business interruption claims

3 Sep 2021 /  Adriaan Kruger  
Around R1.7bn already paid out, but all eyes on its Ma-Afrika appeal.

Lewenseise trek Old Mutual se handrem op

31 Aug 2021 /  Ryk van Niekerk  
Casper Troskie - Groep finansiële direkteur

Mandatory social security plan proposes another tax on the middle class

UPDATE
20 Aug 2021 /  Ciaran Ryan   80
The government is determined to introduce a comprehensive social security system with a mandatory payroll deduction of 8-12% to help fund the scheme.

FSCA slams high premium increases on funeral policies

18 Aug 2021 /  Palesa Mofokeng   11
Expects insurers to price premiums ‘correctly’ and ensure fair outcomes for policyholders.

100MW threshold increase key to SA’s electric vehicle supply-chain hopes

17 Aug 2021 /  Fifi Peters   1
Nigeria is trying to develop its car market. Rwanda recently cut a deal with VW to start assembling electric vehicles … so I think this is something we should be focusing on: Paul Boynton – Old Mutual Alternative Investments.

Sanlam seeing ‘significantly more death and funeral claims’

13 Aug 2021 /  Suren Naidoo   13
Claims in its individual life unit hit R4.75bn last year, with a 60% increase in funeral claims alone, largely attributed to Covid-19.

Nedbank hits 52-week high following an even more bullish trading update

6 Aug 2021 /  Suren Naidoo   2
Stock surges over 9% after bank flags an up to 150% increase in half-year headline earnings per share.

Covid-19 threatens to create a lost generation of retirees

3 Aug 2021 /  Jonathan Faurie   26
Who may not be able to enjoy their ‘golden years’.

The grim business of Covid-19 in SA

24 Jul 2021 /  Roxanne Henderson and Loni Prinsloo, Bloomberg   4
Just about everybody seems to be offering cover for end-of-life ceremonies in South Africa these days.

At Liberty … and taking liberties

19 Jul 2021 /  Ann Crotty   2
Standard Bank’s PR machine is going to be kept busy spinning the merits of bancassurance, while Huge Group gets a rap on the knuckles, and Naspers – well, more executive remuneration ‘good news for some’ there.

SA’s riots insurer in spotlight after days of carnage

18 Jul 2021 /  Roxanne Henderson and Khuleko Siwele, Bloomberg   16
Sasria's not disputing the merits of related claims, only watching for cases of fraud - Fareedah Benjamin.

Standard Bank + Liberty: Is bancassurance back?

UPDATE
16 Jul 2021 /  Moneyweb   4
Or is a full integration needed to fix a broken Liberty?

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