It was supposed to be a carefully choreographed return to SA. When Old Mutual relisted on the JSE last year, the "new" vehicle was what shareholders and analysts had been looking for. It was a business anchored in Africa, and one that had put a line under its disastrous investments in the UK and US.

Yet its share price since relisting has fallen 25% to R21.20...

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 or call 0860 52 52 00. Got a subscription voucher? Redeem it now