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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 segments in 14 countries. Old Mutual's primary operations are in South Africa and the re... [more info]

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?

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

Short-term insurers showing ‘super profits’ during Covid, but still stalling business interruption claims

6 Jul 2021 /  Suren Naidoo   10
Record financial year for non-life insurers in stark contrast to financial devastation faced by clients largely in the tourism and hospitality industry.

Old Mutual investors to share R10.4bn of Nedbank stock

24 Jun 2021 /  Emma Rumney, Reuters   6
Reducing its stake in the bank to 7.2% from 19.4%.

Simon’s weekly wrap: China’s investment case

4 Jun 2021 /  Simon Brown   1
This week MoneywebNOW looked at local bank valuations, the global pet care industry and retail stocks.

Old Mutual responds to complaints of low returns

1 Jun 2021 /  Adriaan Kruger   85
Client says underlying funds performed well, but fees absorbed most of his growth.

Balwin Properties announces BEE deal

26 May 2021 /  Suren Naidoo   18
Involving businessman Aobakwe Kukama and aimed at boosting its empowerment credentials.

‘Just eat’ – a lucky escape for one and an appropriate moniker for most listed companies

24 May 2021 /  Ann Crotty   4
A look at Massmart’s performance and excessive executive pay, Old Mutual (and the fallout of that Covid bonus?), and the dual challenge that’s leading to increasing desperation from Naspers/Prosus.

Old Mutual pays out R2.7bn in Covid-19 death claims in Q1

21 May 2021 /  Emma Rumney, Reuters   3
'We continue to closely monitor our claims experience as future waves and their impacts remain uncertain.'

South Africa’s private wealth plunges

21 Apr 2021 /  Suren Naidoo   23
Africa Wealth Report 2021 estimates around 4 200 millionaires left SA over the past decade, but the depreciating rand and Covid-19 fall-out are also to blame.

Old Mutual to rate all its unit trusts in terms of ESG scoring

21 Apr 2021 /  Simon Brown   4
'In 2020 we saw ESG index funds grow by 221% to $189 billion [in assets]' - Elize Botha, MD of Old Mutual Unit Trusts.

Cape Town’s fire: The cost of the damage

19 Apr 2021 /  Nompu Siziba   3
Old Mutual Insure spokesperson Christelle Colman says some parties estimate that the loss could be as high as R1bn.

We’ve sharpened our focus: Old Mutual Investment Group MD

7 Apr 2021 /  Patrick Cairns, Citywire   25
Tebogo Naledi believes OMIG is now very well positioned to respond to client needs.

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