n Personal Finance Newsletter - R30m property shocker : Old Mutual unrepentant
|Article Title||R30m property shocker : Old Mutual unrepentant|
|© Publisher:||Moneyweb (Pty) Ltd|
|Journal||Personal Finance Newsletter|
|Publication Date||Aug 2009|
|Pages||5 - 7|
Old Mutual's property group decision-makers are standing by a decision that cost policyholders R30 million. Rather than selling a building to the highest bidder, Old Mutual offloaded it to a lower bidder - which in turn sold it for a juicy profit to the highest bidder.
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