Press Releases

Old Mutual Investment Group reaffirms commitment to African investment

25 May 2016
Old Mutual Investment Group has announced a deal to increase its overall effective equity stake in African agriculture investment group, UFF African Agri Investments, to 49%. The partnership will see the strengthening of a longtime relationship between the two companies, with investment opportunities of up to $500 million into African farmland envisaged over the next three years.
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Claims payout of over R8 billion shows need for good advice

23 May 2016
Old Mutual remains the leading player in the industry with a massive R8.2 billion in claims paid out in 2015. This equates to nearly R1 million paid out to customers every hour.  A total of R5.35 billion was for retail claims in 2015. This includes R3.99 billion in underwritten benefits.  R3.1 billion was paid out for death claims, R399 million for disability, R498 million for illness and physical impairment and R8 million for retrenchment. 
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Response to Media Speculation

24 May 2016
In response to media speculation, Old Mutual plc (“Old Mutual”) can confirm that it is continuing to assess the options available to it with regard to the preferred route to effect the managed separation announced on 11 March 2016. 
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Impact of the changes to debt instruments from African Bank Investments Limited (ABIL)

16 May 2016
African Bank’s "Good Bank" was awarded a banking licence by the South African Reserve Bank. This came as creditors voted in favour of an offer to transfer their debt instruments from the failed African Bank to the newly constructed "Good Bank", which launched on 4 April 2016.
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Ecobank and Old Mutual Emerging Markets announce new strategic agreement

20 May 2016
Ecobank Transnational Incorporated, parent company of the Ecobank Group, and Old Mutual Emerging Markets, a member of the Old Mutual Group, today announced a new strategic agreement that will strengthen existing ties between the leading pan-African bank and the insurance and asset management giant.
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Bruce Hemphill appointed Chairman of the Old Mutual Emerging Markets’ Board

19 May 2016
Old Mutual Emerging Markets (“OMEM”) announces that Bruce Hemphill, Chief Executive of Old Mutual plc (“Old Mutual”), has been appointed as chairman of the OMEM board following Paul Hanratty stepping down from that position. 
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Manage climbing costs by financially educating yourself

16 May 2016
Rising living costs will in coming months put pressure on consumers and many who haven’t already trimmed their financial spending habits will be forced to do so. Get ahead of the curve and cost-proof your finances now, says Calvin Bowles, Head of Business Development at Old Mutual.
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Global and domestic factors continue to drive massive SA equity volatility

11 May 2016
SA equity markets are currently undergoing the highest level of volatility on record, driven by global growth factors, domestic policy issues and uncertainty about the Chinese economy.
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Case for SA VAT hike economically solid, says Old Mutual Investment Group

11 May 2016
While concerns around global growth and pressure on the SA economy have eased recently, the local economy is still fragile. Moody’s decision not to downgrade SA’s sovereign rating at this stage was a welcome surprise, but the risk of a downgrade to junk status by any, or both, of the other two major ratings agencies remains an ever-present threat.
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Old Mutual delivers a smooth ride for investors

5 May 2016
Old Mutual’s range of smoothed bonus funds has delivered positive returns for investors - generally at least double last year’s inflation rate - despite the harsh economic climate.
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Mother's Day musical spectacle fit for a queen at Durban Botanic Gardens

25 Apr 2016
If you want to show your mom just how much she means to you this Mother's Day, you could go with the usual gifts like flowers, chocolates or maybe even breakfast in bed. However, if you want to make the day more special, you could get the family together, pack a picnic basket and treat her to a beautiful afternoon of music at the Durban Botanic Gardens on Sunday, 8 May.
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Good habits to help you get out of bad debt

25 Apr 2016
You need to earn a lot to be well-off, right? Not so, says John Manyike, Head of Financial Education at Old Mutual, who explains that wealth is as much about controlling debt and spending as it is about income.
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