Insurer Old Mutual plans to buy back £350-million of its shares, roughly 4% of its capital, as part of a programme to improve capital efficiency, it said on Wednesday. South Africa’s largest insurer had said earlier this year it was not considering major acquisitions and could hand excess cash back to shareholders.
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/ 6 September 2007
Elna Moolman of Barnard Jacobs Mellet was voted the Reuters Economist of the Year, it was announced on Thursday at a breakfast in Sandton. Governor of the South African Reserve Bank Tito Mboweni presented Moolman with her prize. Moolman said: ”It is a big surprise and it is a great honour.”