WATCH: Why Old Mutual missed its 2018 targets
Old Mutual has had a difficult first year as a standalone Africa-focused firm. The insurer posted an 11% drop in adjusted full-year profit, missing its 2018 targets, partly due to lower investment income in SA as a result of weaker equity markets and currency devaluations in Zimbabwe. CEO Peter Moyo joined Business Day TV to discuss the company’s full-year results.
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