UPDATE 2-S.Africa’s Old Mutual holds off on dividend after half-year loss

This post was originally published on this site… * Insurer’s performance hit by coronavirus crisis. * Swings to basic loss per share, warns of full-year profit hit. * Suspends interim

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AngloGold Ashanti, Barrick Gold to sell ‘Morila the gorilla’ stakes

This post was originally published on this siteJOHANNESBURG (Reuters) – AngloGold Ashanti (ANGJ.J) and Barrick Gold (ABX.TO) will sell their effective 80% stake in the Morila Gold Mine in

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South Africa’s COVID-19 infections breach 600000 mark

This post was originally published on this siteJOHANNESBURG (Reuters) – South Africa’s confirmed COVID-19 cases have surpassed 600,000, the health ministry said on Friday, although

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S.African Insurers Old Mutual, Guardrisk Offer to Settle With Virus-Hit Firms

This post was originally published on this siteJOHANNESBURG — South African insurers Old Mutual and Guardrisk are to offer settlements to small business clients fighting rejected claims

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Cairn Energy Agrees To Sell Senegal Interests; Plans Special Dividend Of At Least $250 Mln

This post was originally published on this site(RTTNews) – Cairn Energy Plc (CNE.L) said it entered into an agreement to sell its entire 40% interest in the Rufisque Offshore, Sangomar

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Two South African ministers in hospital with coronavirus

This post was originally published on this siteJOHANNESBURG (Reuters) – Two members of the South African cabinet have been admitted to hospital with COVID-19, the presidency said on

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South Africa’s banks mull how to avoid loan defaults when virus relief ends

This post was originally published on this siteJOHANNESBURG (Reuters) – South African banks are looking at options ranging from debt consolidation to new ways of leveraging equity to avoid

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UPDATE 2-Old Mutual makes acting CEO permanent, a year after sacking predecessor

This post was originally published on this site… * Williamson has been acting CEO since May 2019. * His permanent appointment sees shares rise. * Seen as competent Old Mutual veteran (Adds

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S.Africa’s Old Mutual appoints Iain Williamson as permanent CEO

This post was originally published on this siteJOHANNESBURG, July 3 (Reuters) – South African insurer Old Mutual said on Friday it had appointed acting CEO Iain Williamson to the position

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S.Africa’s Old Mutual appoints Iain Williamson as permanent CEO

JOHANNESBURG, July 3 (Reuters) – South African insurer Old Mutual said on Friday it had appointed acting CEO Iain Williamson to the position permanently. Williamson has been leading the

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