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This approval by the Competition Tribunal is a significant step towards the listing of Old Mutual Limited as a standalone entity this year.
Today’s Competition Tribunal hearing, follows Minister of Economic Development, Ebrahim Patel, welcoming Old Mutual’s decision to make South Africa the primary base for all of its operations. Minister Patel said “the move back home of one of our South Africa’s premier financial institutions would help inject investor confidence in the economy, and is a well-timed signal that we can grow the economy.”
We are excited and look forward to the homecoming of Old Mutual from the UK to the African continent.