Kaya 959 Kaya Biz

Old Mutual reports 41% rise in annual profits

Loading player...
South Africa-based Old Mutual reported a 41% rise in annual profit on Tuesday, but shares in the insurer fell by more than 2% as it raised provisions to cover higher-than-expected claims linked to Covid-19 deaths.

Headline earnings per share, the main profit measure in South Africa, rose to 163.8 cents last year from 116.1 cents a year earlier.
15 Mar 2022 5AM English South Africa Business News · Investing

Other recent episodes

BofA Slashes SA Growth Forecast as Inflation Surges

Bank of America has cut South Africa’s 2026 GDP growth forecast to 1.3%, warning that higher oil and fertilizer prices will keep inflation above 4% for most of the year. Economist Tatonga Rusike explains
23 Apr 3PM 11 min

Understanding SA’s First Wealth Score

Franc unveils South Africa’s first-ever Wealth Score, revealing that financial habits—not income—are the strongest predictor of financial health. We unpack why SA’s national score is 45/100 and the behavior gap between knowing and doing with Dr. Thomas Brennan, founder and CEO of Franc.
23 Apr 3PM 13 min

Clicks Lifts HEPS 8% Despite Warehouse Disruptions.

Clicks delivered firm interim results with diluted HEPS up 8.1%, even as warehouse system delays cost an estimated R175 million in lost sales. CEO Bertina Engelbrecht discusses pharmacy growth, trading margins, and festive‑season competition.
23 Apr 2PM 16 min
All episodes