OLD Mutual’s new CEO Bruce Hemphill is
expected to announce a radical restructuring of the group when he
releases its results on Friday. This could see its primary listing move from London to the JSE.
The
reports of a break-up that emerged from London at the weekend come as
Barclays is moving to shed its Absa subsidiary, but analysts dismissed
suggestions of a general foreign disenchantment with South African
financial services assets. They said the two developments were entirely
different.
