Company News & Results

Standard Bank expands Mauritius offshore offering to family-owned businesses and local corporates across Africa

Standard Bank has announced the broadening of its Mauritius offshore offering to the servicing of family-owned businesses and local corporates across sub-Saharan Africa who may wish to use the Indian Ocean Island as a gateway for trade and investment.

OUTsurance posts another robust performance

Old Mutual announces leadership transition at OM Bank

Old Mutual Group is pleased to announce the proposed appointment of Clarence Nethengwe as CEO-designate of Old Mutual Bank, effective 1 November, subject to regulatory approval.

Tough underwriting pays off for insurer

The latest half-year numbers published by South Africa’s largest non-life insurer, Santam Limited, suggest that all is well on the domestic risk transfer front, but the 35% lift in headline earnings per share masks a significant shift in exposure from insurer to insured. More on this observation in a moment; first let us unpack the insurer’s interim financial statements for the six-months to end-June 2024.