Ten years ago Old Mutual was shaken by the discovery of massive share scams involving its investment department and senior portfolio managers. That time outsider Greg Blank was dramatically hauled under the legal spotlight - while the cover-up proceeded apace at Old Mutual.
Now things have once again gone horribly wrong at Mutual Park. (In all probability they were simply never put right.) This time the scandal involves the billions that the insurance giant invests on behalf of the hundreds of pension funds it manages. Once again Mutual executives were confident that they could avoid liability for their poor management, arguing all the way to the Appeal Court that they are not subject to the laws designed to protect pensioners. How so, you ask? Simply because it has for so long not been “practice” at Old Mutual to comply with the law! Indeed.
Join us for a closer look at Old Mutual’s scandals, old and new, and we’ve no doubt you’ll agree: it’s time to go, Mr Levett! Old Mutual needs a leader who appreciates Old Mutual's role in SA's business culture and displays respect for corporate ethics

Like to see more ?

Subscribe to our on-line edition !

For a mere R305.00 per year you get the convenience of our online version including:
  • Twelve monthly issues of Noseweek delivered to your browser
  • A searchable archive
  • Access to every back issue since 1993 !
  • A downloadable PDF version

If it’s just the article you are after, you can purchase it by clicking here.

Tempted ?

For a taste of what awaits you, you are welcome to browse this free issue.

Share this article:

Reader's comments

Like to add your own comment ? Please click here to subscribe - OR -


While every reasonable effort is taken to ensure the accuracy and soundness of the contents of this publication, neither the authors nor the publishers of this website bear any responsibility for the consequences of any actions based on the information contained therein.

Important information regarding cookies
By using this website, you consent to the use of cookies in accordance with our Privacy Policy.