Friday, 22 June 2007

Old Mutual upbeat on South Africa for medium term

(Reuters) - Insurer Old Mutual said on Friday that inflationary pressures could curb short-term economic momentum in South Africa, but that prospects for the country over the medium to long term remained excellent.

"In its chosen market segments, Old Mutual South Africa will compete through further expanding its distribution reach, introducing new era products and providing specialised asset management options for investors," the firm said in an investor presentation on its South African business.


Read more at Reuters Africa

No comments: