Headline earnings per share could fall by a quarter due amid tough economic conditions in SA
Insurance group Old Mutual said on Thursday profits for its year to end-December could fall by a quarter, due to SA’s tough economic environment and the unbundling of its majority shareholding in Nedbank.
In 2018, Old Mutual reduced its interest in Nedbank and its UK wealth management business Quilter was unbundled and separately listed in London, with a secondary inward-listing on the JSE.
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