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How Old Mutual blew it

Mar 11 2010 00:00

If you'd invested R100 in Old Mutual 10 years ago it would be worth less now than the amount you put in. It's a damning indictment of a failed globalisation strategy that has cost shareholders at least R100bn in acquisitions and subsequent capital injections since its ill-fated London listing in 2000. That excludes a further bill of around R8bn in cumulative corporate costs since demutualisation.

Openers

Bumbling along

Jul 09 2009 00:00

FORMER SABC BOARD MEMBER Andile Mbeki inspired Members of Parliament to take the moral high ground when he made explosive claims that - without a "shadow of a doubt" - management at the public broadcaster had been manipulating tenders to suit their personal (undisclosed) business interests.

Property

Opportunities for value chasers

Jul 09 2009 00:00

THE PROPERTY CRASH in Britain has prompted a rush of South African asset managers to create investment vehicles aimed at cashing in on what many refer to as "once-in-a-lifetime" bargain buying opportunities in commercial property.

Business Strategy

How green is your building?

Jul 09 2009 00:00

THE STEEP INCREASE in the cost of electricity is likely to serve as a wake-up call for commercial property owners to start taking green building initiatives seriously.

Advertising & Marketing

Don't bet on it!

Mar 04 2010 00:00

Promotional competitions, one of the most widely used marketing techniques, will again become illegal under the combined effect of two pieces of legislation recently passed into law, warns a top legal expert. This appears to be the result of drafting inconsistencies.

Companies & Markets

No longer so lofty

Mar 11 2010 00:00

A YEAR CAN BE a long time in the life of a small cap company. Just ask empowerment investment company Tiso, which must be smarting at its January 2009 deal to acquire a strategic 25,1% stake in African Cellular Towers (ACTowers), which claims a presence in 28 African countries and specialises in cellular transmission towers, equipment shelters and power lines.

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Economic Trends and Analysis

Capex slows

Jul 09 2009 00:00

CAPITAL SPENDING - that is, spending on fixed assets such as roads, schools, hospitals, houses, factories, plant and machinery - is growing at a much slower rate because of the recession.

Communication and technology

Welcome to Jopret

Jul 09 2009 00:00

IT WON'T BE LONG before Johannesburg and Pretoria become indistinguishable as two separate cities.

Creating Wealth

Mutual benefits

Jul 09 2009 00:00

TWO INTERESTING CHARTS are presented. The first is that of financial giant Old Mutual. Its price has more than doubled since its March low.

Surveys

Corporate Profiles

Mercedes-Benz 2010

Flagship Surveys

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