Major insurance companies under the whip
The Competition Commission raided the offices of eight major insurance firms this afternoon over alleged collusion and price fixing.
Old Mutual
Magnus Heystek’s new car – NOT funded by Old Mutual
Magnus compares the largest SA equity fund within the Old Mutual stable to a US Franklin Templeton opportunities fund investment performance.
Magnus Heystek on land expropriation, mandatory vaccines and how it may affect your finances
Magnus Heystek joined Alec Hogg for a discussion on mandatory vaccines, land expropriation and the potential effects on your finances and investments.
Old Mutual’s unbundling of Nedbank is imminent
This will take place on the morning of 8th November, so the market cap of Old Mutual will drop significantly on that day as the group will effectively become smaller.
Nedbank chair Vassi Naidoo passes away
Vassi Naidoo served as Deloitte CEO for Southern Africa between 1999 and 2006 and was the first black CEO of a Big Four auditing firm.
Discovery shares down, as insurer says it will “withhold dividends”
“The news sent Discovery shares down as much as 9.1% in Johannesburg, the most since March 2020,” reports Bloomberg.
Nedbank’s permanent shift to the work from home model – Kokkie Kooyman talks pros and cons
Expert banking analyst Kokkie Kooyman unpacks Nedbank’s decision to permanently employ a semi-flexible, work from home model.
“There’s a large subset of the JSE I’m quite optimistic about” – Piet Viljoen
Piet Viljoen discusses what’s caught his eye on the markets. From Sanlam to Sasol, he gives insight into various investment opportunities.
Sasol sells 30% stake in Mozambique pipeline for R5.1bn
“The deal rounds out an asset-sale programme that has helped Sasol reduce borrowings that ballooned amid cost overruns at a US chemicals project.”
‘Old Mutual took their eye off the ball’ – Steven Nathan
Steven Nathan shares insights into the underperformance of Old Mutual, stating that they took their eye off the ball in South Africa.