Tag: Old Mutual

Zimbabwe govt in talks with banks to support the new Victoria Falls Stock Exchange

Zimbabwe’s government is in talks with international investments banks to support the new Victoria Falls Stock Exchange. The exchange will trade exclusively in foreign currency and targets global capital markets especially in the mining industry. Batanai Matsika, Head of Research at Morgan & Co spoke to CNBC Africa for more.

South Africa’s economy contracts by record 51% in Q2

South Africa's GDP decreased by a record 51.0 per cent in the second quarter, due to the impact of COVID-19 lock-down restrictions. The largest negative contributors to growth in GDP were the manufacturing, trade and transport industries which saw muted economic activity amid lockdown. Old Mutual Chief Economist, Johann Els joins CNBC Africa for more.

Old Mutual withholds half-year dividend amid COVID-19 uncertainties

Insurer Old Mutual has reported that it’s withdrawn its half year dividend and will look at the possibility of a full year dividend once the economy’s recovery path is clearer. Adjusted headline earnings per share declined by 66 per cent driven by lower new business sales volumes, volatile markets as well as the raising of short-term provisions in anticipation of worsening mortality. Old Mutual CEO, Iain Williamson joins CNBC Africa for more.

S.Africa’s Old Mutual scraps interim dividend after half-year loss

JOHANNESBURG (Reuters) - South Africa’s Old Mutual Ltd on Tuesday scrapped interim dividends, withdrew targets and warned of a drop in full-year profit after posting a loss for the first...

Old Mutual forecasts H1 loss as coronavirus crisis hammers volumes

(Reuters) - Old Mutual expects to post a loss in the first half of 2020, it said on Monday, as it deals with weak business volumes and a spike in...

Old Mutual, PPC & SeedCo remain suspended on the ZSE

Trading resumed on the Zimbabwean Stock Exchange this week after a month of being shut down. The Zimbabwean government suspended the stock exchange and mobile money payments in a bid to clamp down on alleged illegal activities. Although the bourse is operational, three stocks remain suspended, Old Mutual, PPC and SeedCo. Batanai Matsika, Head of Research at Morgan & Co spoke to CNBC Africa for more.

ZSE resumes trading after a month long shutdown

The Zimbabwean Stock Exchange will resume trading today after a month long shut down as the government ordered an investigation against illegal foreign dealings by some companies.

Old Mutual named Top Empowered Business of the Year

Insurance giant Old Mutual has won the Top Empowered Business of the Year award at the Top Empowerment virtual awards last night, joining CNBC Africa for more is Iain Williamson, CEO of Old Mutual.