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The bank reports at its interim results presentation that there were several market and performance drivers.
Speaking at the interim results of their business in Johannesburg today, Myles Ruck says that they will spend the next 18 months dealing with the bigger issues.
Old Mutual plc announces sound results although South African business suffers from a provisioning for PFA rulings and a withdrawal of R10bn by the PIC, while the UK benefits from hedge fund returns and the USA shines.
The international operations of the risk services business at Alexander Forbes was one of the main reasons for a poor performance, in terms of headline earnings per share, although the company says that it is ready to move forward.
If you had to hazard a guess, when do you reckon the COFI Bill will be signed into law?