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1 through 13 of 13 matching documents, best matches first. Sort by date

South Africa Authorities Raid Eight Insurers in Collusion Probe
...Natal and Western Cape provinces, it said in a statement. The commission said it has reasonable grounds to suspect the companies of collusive practices to fix prices and/or trading ...
Source: BestWire Date: August 26, 2022
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Old Mutual Posts $340 Million 2020 Net Loss on COVID-19 Effects
Williamson said in a statement. In 2019, the IFRS after-tax profit attributable to holders of the parent company was 9.39 billion rand. Old Mutual earlier warned of a possible net ...
Source: BestWire Date: March 24, 2021
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Old Mutual Warns of Up to $410 Million Loss on 2020 COVID-19 Effects
Service of the Johannesburg Stock Exchange March 23, Old Mutual said. The group said it reserved a short-term provision of 1.34 billion rand in the first half of 2020 for ...
Source: BestWire Date: March 9, 2021
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Old Mutual Issues $130 Million Bond Under ‘Difficult Market Conditions’
The group initially planned on issuing 1.5 billion rand in bonds, but a positive response from investors led the group to issue a further 500 million rand, within pricing guidance, ...
Source: BestWire Date: November 17, 2020
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Old Mutual Posts Six-Month Net Loss on COVID-19 Disruption
Williamson said in a statement. "However, we believe we have taken sufficient actions to provide for the impact of the pandemic in the short term.We will continue to closely ...
Source: BestWire Date: September 1, 2020
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Old Mutual Claims Victory as Appeal Court Rules Against Former CEO
Old Mutual's decision to terminate Mr. Moyo's services in June last year." "Old Mutual welcomes this ruling as it enhances certainty and is another important step forward in ending ...
Source: BestWire Date: March 23, 2020
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Old Mutual CEO: African Economic Conditions to Blame for Profit Shortfall
Executive Officer Iain Williamson in a statement. "This put pressure on the disposable income levels of our customers and on the ability of our businesses to grow value for our ...
Source: BestWire Date: March 16, 2020
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South Africa Court Upholds Old Mutual’s Appeal Against Former Chief Executive Officer
Peter Moyo's contract. Importantly, it also provides legal clarity on corporate governance and Board stewardship, including the relationship between boards and executive ...
Source: BestWire Date: January 14, 2020
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Old Mutual Seeks Court OK to Uphold CEO’s Dismissal
Old Mutual's contractual rights remain intact." On Sept. 6 the High Court "unexpectedly" dismissed Old Mutual's application to suspend a July 30 reinstatement order pending an ...
Source: BestWire Date: September 10, 2019
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Citing Restructuring Costs, Old Mutual Posts 64% First-Half Profit Dip
Moyo may decide to challenge this step too." Moyo had initially been fired in June in connection with a dispute over his investment firm NMT Capital and the declaration of ...
Source: BestWire Date: September 3, 2019
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Citing ‘Untenable’ Relationship, Old Mutual Fires Former Chief Executive Officer a Second Time
The High Court ruled he was improperly fired. In June, Old Mutual dismissed Moyo amid a dispute over his investment firm NMT Capital and the declaration of dividends (Best's News ...
Source: BestWire Date: August 23, 2019
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Old Mutual to Appeal Court Order That Reinstated Fired CEO
The High Court ruled he was improperly fired. "The conclusion that the respondents first accused the applicant of conflict of interest and misconduct and then denied him of the ...
Source: BestWire Date: July 31, 2019
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Old Mutual CEO Fired Over Conflict of Interest Involving Dividend Payment
Old Mutual said in a statement. The preference share capital remains unpaid. Moyo chaired the board meeting of NMT Capital at which the second ordinary dividend of 105 million rand ...
Source: BestWire Date: June 20, 2019
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