Africa
Old Mutual to break into 4 new businesses
South African financial services group Old Mutual has decided to break up its business into four separate units as it believes they will perform better independently.
Old Mutual considering break-up options
Speculation is growing that Old Mutual, the global financial services group, may be about to announce plans to break up its operations into four new units.
Barclays to sell its stake in Africa bank
Barclays Bank has announced its intention to sell its 62.3% stake in its African business, Barclays Africa Group Ltd (BAGL) over the next two to three years as it faces regulatory pressure over capital requirements and FX erosion.
S. African tax amnesty to aid small firms and individuals
Individuals and small, closely held business entities will be the most affected by the South African offshore tax amnesty which is due to begin in October, according to EY.
Axa taps e-commerce firm to expand Africa insurance offering
Insurance and asset management firm Axa is set to become the exclusive provider of insurance products and services through Africa Insurance Group’s (AIG) online retail firm Jumia, as well as via the group’s other online mobile platforms in Africa.