Kaya 959 Kaya Biz

Old Mutual rallies as final dividend underscores bumper 2023 earnings

Loading player...
GUEST – Casper Troskie is Chief Financial Officer at Old Mutual

Old Mutual delivered robust operational and financial performance in 2023, with progress on its integrated
financial service strategy evident in strong topline growth and exceptional value of new business. The positive momentum, sound strategic choices and execution resulted in double-digit sales growth of 17% across life segments as Old Mutual continues to grow
market share profitably in key markets. Value of new business grew by an impressive 37% in 2023, with gross flows and gross written premiums increasing by 14%.
27 Mar 2024 4PM 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