Old Mutual, SA’s second-largest insurer by market value, will miss 2020 growth targets, citing the coronavirus outbreak, which has forced it into restricting business travel.

The company’s share price fell 16.14% to R12.05 on Monday, in line with the broader stock market as investors worldwide remained worried the pandemic will trigger a global recession even as central banks in the US, Europe and Asia pumped money into the system to cushion the blows...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.



Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now