About US$32,062 million is owed Old Mutual Zimbabwe Holdco Limited (OMZHL) in respect of dividends not paid by OMZIL when the entity was the direct holding company of OMZIL. At least US$2,252 million is owed to Old Mutual Africa Holdings Proprietary Limited in respect of service fees.
OLD Mutual Group reported its highest profit since 2019, buoyed by rising demand for its short-term insurance and wealth management products at home in South Africa.
The Johannesburg-based company’s adjusted headline earnings rose 14% to to R6.69 billion ($370 million). That exceeded the R6.6 billion-forecast by six analysts in a Bloomberg survey.
This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Read More