President Cyril Ramaphosa has welcomed Old Mutual Limited’s homecoming venture when it moved its headline listing from London to Johannesburg.

President Ramaphosa attended and addressed the announcement gala dinner event on Monday 25 June 2018. 

The headline listing on the Johannesburg Stock Exchange took place on Tuesday 26 June 2018 with a standard listing on the London Stock Exchange and secondary listing on the stock Exchanges of Malawi, Namibia and Zimbabwe.

President Ramaphosa said that Old Mutual Limited’s strategic move is an added boost to restoring the much needed confidence the country needs to attract investment to the country and the continent as he envisaged in his State of the Nation Address.

The President further said Old Mutual’s strategy sends a clear signal to investors that South Africa is more than capable of sustaining an advanced financial sector and reinforces government’s commitment to developing this sector.

Addressing the Gala dinner President Ramaphosa said “Our congratulations to Old Mutual on this historic home coming and I have no doubt whatsoever that with the leadership that you have got in Chief Executive Officer, Mr Peter Moyo and a number of you as executives, you will be able to steer this ship through the various waters around the African continent given the experience you have garnered" 

 

Issued by the Presidency