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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]

Old Mutual Insure the latest loser in Covid-19 claims battle

26 Nov 2020 /  Suren Naidoo   7
Luggage retailer Interfax wins business interruption insurance case in Western Cape High Court.

Santam fails to get Guardrisk’s Café Chameleon appeal postponed

UPDATE
24 Nov 2020 /  Suren Naidoo   7
Judgment reserved in landmark business interruption insurance case, but decision expected before year end.

Octodec and Indluplace see residential vacancies more than double

19 Nov 2020 /  Suren Naidoo  
In line with SA’s overall flat vacancy rate spiking to 11%.

Corporates commit to paying SME suppliers within 30 days

18 Nov 2020 /  Moneyweb   7
More than 50 big companies are already backing B4SA's #PayIn30 initiative.

Ma-Afrika wins court battle against insurance giant Santam

UPDATE
18 Nov 2020 /  Suren Naidoo   16
Another blow to short-term insurers trying to wriggle out of honouring Covid-19 business interruption claims.

Old Mutual raises R2bn in debt

17 Nov 2020 /  Emma Rumney, Reuters   1
In a bond sale.

Rumbling of the bulls

9 Nov 2020 /  Larry Claasen  
Covid vaccine boosts markets.

Old Mutual CEO reboots strategy after brawl with predecessor

3 Nov 2020 /  Roxanne Henderson and Loni Prinsloo, Bloomberg   3
'In the South Africa market we still see quite a number of pockets of growth.'

Café Chameleon wants business interruption insurance case concluded at SCA

3 Nov 2020 /  Suren Naidoo   10
Short-term insurers and their clients eagerly await the Supreme Court of Appeal judgment in the case involving Guardrisk.

There are still opportunities in local shares

29 Oct 2020 /  Adriaan Kruger   15
Has a 'shrinking' JSE forced investors to flee offshore?

Rand firmer, stocks creep up

16 Oct 2020 /  Mfuneko Toyana and Nqobile Dludla, Reuters  
The benchmark Top 40 index closed 0.38% firmer at 50697 points and the All-Share index rose 0.37% to 55,047 points.

These unbundled companies are now bigger than their parents

14 Oct 2020 /  Hilton Tarrant   1
Old Mutual’s former UK business is worth more than the insurer itself …

Capital flight

9 Oct 2020 /  Larry Claasen   6
Listed businesses are using shares to buy out other companies and reward staff and shareholders rather than expand their operations.

SA stocks pause after five-day losing streak

22 Sep 2020 /  Adelaide Changole, Bloomberg  
Foreigners were net sellers of South African stocks for a third day on Monday.

South African banks prepare for the worst, hope it doesn’t come

17 Sep 2020 /  Roxanne Henderson, Bloomberg    1
Country's economy contracted for seven of the last ten quarters.

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