South Africa: Minister Ebrahim Patel Welcomes Old Mutual Home-Coming

press release

The Minister of Economic Development, Mr Ebrahim Patel today welcomed the decision by Old Mutual to make South Africa the primary base for all of its emerging market activities and as part of the decision, to commit to a range of public interest undertakings.

Minister Patel said that the move 'back home' of one of our premier financial institutions will help to inject investor confidence in the economy and is a well-timed signal that we can grow the economy in the period ahead and unlock the country's potential of job creation and economic inclusion.

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