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When Sanlam demutualised in 1998 and listed on November 30 that year its share price was at about R5.99 less than half of Old Mutual’s when it demutualised and listed on July 12 1999.
Says Vintcent: "The truth is that Old Mutual is too complicated now and has too many moving parts; Sanlam is much simpler." He says he'd choose Sanlam over Old Mutual, but after the run in the SA firm ...
About R1. 7 billion of free Old Mutual and Sanlam shares are still waiting to be claimed, and as of today, there is only a year left in which most of the money can be claimed.
Sanlam is special, says Motsepe, who has no qualms about drawing attention to the fact that it was the original empowerment company formed to advance the interests of Afrikaners in the 1940s.
In SA, Old Mutual's decision to split its asset management division into a range of boutiques under the Old Mutual Investment Group SA (Omigsa) banner has left the market lukewarm concerning future ...
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