Talk:Old Mutual
From Wikipedia, the free encyclopedia
 |
This article is within the scope of Companies WikiProject, a collaborative effort to improve Wikipedia's coverage of companies. If you would like to participate please visit the project page, where you can join the project and see a list of open tasks. | |
| ??? | This article has not yet received a rating on the assessment scale. | |
| ??? | This article has not yet received an importance rating assessment scale. | |
The reality is that Old Mutual is no longer a South African company (though they won't want South African consumers to become aware of that). To quote from the official site:
"Old Mutual plc is London based with operations spanning life assurance, asset management, banking and general insurance. It is listed on the London Stock Exchange as well as the Johannesburg (South Africa), Namibian, Malawi and Zimbabwe stock exchanges." [1]
London is the only headquarters mentioned on the company's home page and the London addresses take priority on all the contact lists. The London Stock Exchange listing is the main listing. The accounts are presented in Pounds with conversion into Rands, not the other way round.
Carina22 09:45, 27 January 2006 (UTC)
Response to Carina22: Quite right - although I do not believe that they are trying to conceal this fact from anybody. It is as plain as day that they now quite multinational with aspirations to further this even more. There are several benefits taht accrue to South Africa with the diversification of Old Mutual. South African consumers get access to a more diverse product manufacturer. South African shareholders get to own a share that is more in demand, therefore driving its value up.
Using London as a primary listing and main physical address should be expected.
[edit] History
Was Old Mutual called "Old" mutual when it was still new? --Slashme 12:26, 10 January 2007 (UTC)
At the time of founding Old Mutual, it wasn't called Old Mutual - it had another name (the Southern African Mutual Life Assurance Company, I think). Some time after, a competitor was started - also a mutual company. Customers and the press referred to the new firm by its name and the 'other' company as The Old Mutual. A brand name that stuck. Mr p carswell 12:18, 12 October 2007 (UTC)
