South Africa’s financial services conglomerate Old Mutual Plc posted a combined loss of R724 million ($39.23 million) from the sale of its businesses in Tanzania and Nigeria last year, as it restructured its operations outside South Africa to strengthen its growth plan on the continent.
Disclosures in its latest audited financial statements for 2024 show that the sale of the Tanzanian business resulted in losses of R78 million ($4.23 million), while the Nigerian unit lost R646 million ($35 million).
