Old Mutual reported a 30% decline in adjusted headline earnings to R2.95 billion for the six months ended June, saying fallout from the US-Iran war curbed investments. The figures, published by Moneyweb, indicate profit pressure linked to the geopolitical shock and its effect on investment markets. The report frames the earnings drop as a consequence of reduced investment activity during the period, rather than providing additional operational detail.

Financial services group Old Mutual has announced the appointment of Ranen Thakurdin as group chief financial officer-designate, according to Moneyweb. The company said the move is intended to ensure a seamless leadership transition, with Thakurdin formally assuming the CFO role on 1 April 2027. No further details about the outgoing CFO or Thakurdin's background were provided in the report.

The Old Mutual Investment Group (OMIG) Uganda Unit Trust has announced a 36% year-on-year increase in its assets under management, reaching a total of Ug.shs3.36 trillion. This growth reflects the unit trust's expanding portfolio and investment strategies.

I&M Group has appointed Abdi Mohamed, the former boss of Absa, as the new CEO of I&M Bank Kenya, subject to approval from the Central Bank.

Abdi Mohamed, the long-serving Managing Director and CEO of Absa Bank Kenya, resigned on or around June 28, 2026, marking a significant change in the bank's leadership. His departure comes amid rising concerns about internal fraud within the organization, highlighting ongoing issues within the bank's boardroom dynamics, according to Kenya Insights.

Moneyweb's market update covers Old Mutual's latest results, FNB market commentary, Poland's investment commitment, and Angola's sale of Standard Bank shares. The programme also examines, with PSG, money flowing out of the US financial system, and discusses agricultural growth in the SADC region with Wandile Sihlobo, according to the publication's feed.