“Sorry Judge Mashile” says Old Mutual’s Trevor Manuel


The impact of COVID-19 lockdown on tax and unemployment related matters

The COVID-19 21-day lockdown, imposed by South African President Cyril Ramaphosa on Thursday, 16 April 2020, will have an impact on tax and unemployment-related matters.

Securities are ‘not as risky’ as they were 6 or 12 months ago: Oaktree Capital | Street Signs Asia

Howard Marks, billionaire investor and co-chairman of Oaktree Capital Management, says assets have declined in price, and Oaktree has been buying into high yield bonds in the U.S., which yield has jumped from 3.5% six weeks or two months ago (excludi

China data is a ‘ray of hope for the markets’: Societe Generale | Street Signs Asia

China's manufacturing activity expanded in March, defying many economists' expectations. But Jason Daw of Societe Generale warns that consumption remains the "big question" going forward.

Statement from Trevor Manuel, Chairman of Old Mutual

Tuesday, 17 September 2019 Mr Trevor Manuel, Chairman of Old Mutual’s board of directors, apologises unreservedly for the following observation he made at the Old Mutual media conference on 13 September 2019, in the context of the pending litigation with the former CEO, Mr Peter Moyo:

“If you take a board imbued with the responsibility and accountability and you get that overturned by a single individual who happens to wear a robe, I think you have a bit of a difficulty.”

Mr Manuel commented:

“My unguarded observation, although withdrawn, has understandably caused discomfort for which I apologise unreservedly, to the honourable judge presiding and to my fellow South Africans. It was never my intention to show disrespect to the learned judge or his judgement.  I accept that my language was wholly inappropriate to express my disagreement with the decision and sincerely regret the manner in which I did so. My respect for the judiciary is unshaken and rooted in our sound legal process where all voices are heard with remedies available to address differences of legal position. I support the Board of Old Mutual’s efforts to make full use of the appeal process available to Old Mutual to state its case before the Full Court of the Gauteng Local Division of the High Court.  I remain fully committed to the integrity of the judiciary, and to the Constitutional value of the independence of our judiciary.”

- Advertisement -
- Advertisement -


South Africa looks to structural reforms as it loses its last investment-grade credit rating

By: Elliot Smith KEY POINTS South Africa now has...

Subscribe to our newsletter

Sign up for free newsletters and get more CNBC AFRICA delivered to your inbox

Sustainable food for a sustainable future | Sustainable Energy

From supply chains to our plates what we eat has a big impact on the planet’s resources. In this episode of Sustainable Energy we take a look at how Nature-Based Solutions can help us eat healthier for a better planet.

South Africa looks to structural reforms as it loses its last investment-grade credit rating

By: Elliot Smith KEY POINTS South Africa now has no investment-grade sovereign credit rating...

Sanlam CEO Ian Kirk on decision to step down in December & COVID-19 impact

Sanlam announced major changes in its boardroom today. Current CEO Ian Kirk will be stepping down, making way for former CEO and Chair of Old Mutual South Africa to begin in July.

This is how war and revolt have done worse to the mines than COVID-19.

Planes dropped bombs from the blue, artillery shelled suburban houses, riflemen fought street battles, snipers fired from bedroom windows and tanks rumbled through the suburbs.
- Advertisement -

More Articles Like This

- Advertisement -