Despite weak growth outlook in SA Peter Moyo says group is confident it will reach its medium-term targets
Old Mutual CEO Peter Moyo says investor confidence in SA remains “fragile” owing to concerns about government debt and the state’s proposed land expropriation framework.
“However, investor confidence is still fragile with concerns around government debt levels and policy uncertainty particularly around the proposed policy on land expropriation without compensation,” Moyo wrote in Old Mutual’s annual report. Including R15.4m in incentives related to Old Mutual’s managed separation process, Moyo’s total remuneration for 2018 amounted to R35.6m, the group’s annual report shows.
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