Old Mutual will retain a 19.9% shareholding in Nedbank after its impending split into four parts.
A new South African holding company, Old Mutual Limited, will be the holder of the Nedbank shares.
Old Mutual Limited will have a primary listing on the Johannesburg Stock Exchange with a secondary listing in London.
The Money Show’s Bruce Whitfield interviewed Old Mutual Emerging Markets head Peter Moyo.
Listen to the interview in the audio below (and/or scroll down for quotes from it).
The arrangement was always to sell down their majority stake into a significant minority.— Peter Moyo, Old Mutual Emerging Markets
19.9% is still significant, yet it’s not too big for us.— Peter Moyo, Old Mutual Emerging Markets
Our plan is for this to be done by the end of next year.— Peter Moyo, Old Mutual Emerging Markets
Enter your email address in the form below to receive a newsletter containing the most-read articles of the week from Bruce Whitfield’s The Money Show every Friday morning in your inbox.
The Money Show’s Bruce Whitfield interviews Sibanye-Stillwater Chief Executive Officer Neal Froneman.
The Money Show’s Bruce Whitfield interviews Benguela Global Fund Managers Chief Investment Officer Zwelakhe Mnguni.
South Africa’s loss is Standard Bank’s gain. The Money Show’s Bruce Whitfield interviews Standard Bank Group CEO Sim Tshabalala.
It’s time to start thinking about how to keep your business relevant next year, says small business guru Pavlo Phitidis.
The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.
You may not know Chris Pinkham, but you use the services he helped create every day.
Ndlozi explains the significance of the the first chapter of his thesis: 'Trauma in the archives'.
The Money Show’s Bruce Whitfield interviews Steinhoff International Chairperson Christo Wiese.
Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.
Urologist Dr Shingai Mutambirwa says penile curvature is only a concern if it impedes a man's ability to have penetrative sex.
The EFF lawyer stole the show during the state capture report court battle.
WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...
Is social trend Blesserfinder, where girls are allegedly matching up with rich 'benefactors' in exchange for sex, a real thing?