COMPANIES: Old Mutual’s deep pockets facilitate a R1.5bn share buyback – and a new bank next year

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S.African insurer Old Mutual posts 10% rise in FY profitSouth African insurer Old Mutual Ltd reported on Tuesday a 10% rise in full-year profit as it benefitted from a drop in mortality claims in its biggest life insurance business.
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Old Mutual reports 10% jump in profits on Covid reboundThe insurer noted that the challenging economic conditions currently playing out in SouthAfrica continue to impact its retail customers. OldMutualSA Moneyweb economy
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Old Mutual announces share buyback plan of up to R1.5bnThe insurance and investment group declared a final dividend of 51 cents per share, taking the full dividend for the year to 76 cents
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WATCH: Old Mutual reports 10% rise in profit as mortality claims fallBusiness Day TV speaks to CFO Casper Troskie for an analysis of the the financial services group’s annual results
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