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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. For the middle-income to high-income markets, the final 2015 smoothed bonus declarations were 10.5% for retirement funds and 9% for non-retirement funds. Meanwhile, the Consumer Price Index was 4.51% for 2015.
Old Mutual PLC has announced, following a strategic review of the Group that it intends to implement over time a managed separation of the Group into four separate businesses, including a standalone Old Mutual Emerging Markets (OMEM) and Nedbank.
Old Mutual South Africa (OMSA) today announced the resignation of Bongani Madikiza, Managing Director of Old Mutual’s Mass Foundation Cluster (MFC), to take up a new leadership role from the beginning of next year with a subsidiary of Brimstone, one of Old Mutual’s Black Business Partners.
Old Mutual Alternative Investments (OMAI), a boutique of Old Mutual Investment Group, has announced an agreement to acquire the 50% of African Infrastructure Investment Managers (AIIM) that it does not already own, making it the sole shareholder of the pan-African infrastructure investment manager.
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