Old Mutual anticipate a loss run rate of R1.1 billion to R1.3 billion. However, they believe it will reduce over time as ...

Old Mutual’s new bank will see a national roll-out in Q4 2025, but the bank is expected to only breakeven in 2028.

Clarence Nethengwe, chief executive officer of Old Mutual Bank. OM Bank will launch with a select group of clients in early 2025, ahead of a broader public rollout later in the year.

This is according to Clarence Nethengwe, OM Bank's chief executive officer and Nomkhita Nqweni who was appointed OM Bank's chair last week. Strong earnings growth In line with this strategic ...

OM Bank, which will not carry the Old Mutual name due to regulations, recently appointed Clarence Nethengwe as CEO. He was previously in charge of the Mass and Foundation Cluster. The bank’s ...