Latest news with #OldMutual
The South African
an hour ago
- Business
- The South African
Piece of paradise: Inside Paul Mashatile's R28m Constantia villa
After years of speculation, Deputy President Paul Mashatile has admitted ownership of a R29 million Constantia mansion in Cape Town. The revelation was made in an official declaration of cabinet members' financial assets. In addition to a seaside villa, Mashatile also owns a family residential home in Midrand and Kelvin in Johannesburg. Paul Mashatie's luxury villa is located in Constantia Upper, a sought-after luxury neighbourhood in Cape Town. Located in a cul-de-sac in Duntaw Close, Constantia Lodge is a 4000-square-metre property with eight bedrooms, five reception rooms, and enough garage space for ten cars. It also boasts a cinema room, a bar, and an entertainment area, and views of the Constantia Valley and Kirstenbosch Gardens. According to a luxury property rental site, staying at a property costs between R15 000 and R45 000 a night. Take a look inside… According to reports, Paul Mashatile earns R3,2 million per annum as Deputy President. Mashatile also owns a R39 million mansion in Waterfall in Midrand, and another in Kelvin, Johannesburg. Bar a pension fund and an Old Mutual investment trust, he has no other assets to declare. According to luxury real estate agent Gary Phelps, Paul Mashatile's home comes with a hefty upkeep. Speaking to eNCA, he stated that this included rates and taxes up to R40 000 a month, excluding essential maintenance services. A mortgage would cost at least a quarter of a million rand a month. He added, 'You've got to earn about R1.2 million a month to qualify to buy this house.' Let us know by leaving a comment below, or send a WhatsApp to 060 011 021 1 . Subscribe to The South African website's newsletters and follow us on WhatsApp , Facebook , X, and Bluesky for the latest news.
IOL News
2 days ago
- Health
- IOL News
What's On: Parenting workshop supports families navigating neurodiversity
Join and Old Mutual for a practical parenting workshop on neurodiversity, happening 13 September in Johannesburg. Expert speakers will share insights on mental health, education, nutrition, and more. Parents raising neurodivergent children are invited to attend the Neurodiversity Parenting Workshop, a powerful in-person event hosted by in partnership with Old Mutual, The Neuroverse and Nutripaeds. Held at The Forum at The Campus in Johannesburg, on Saturday, September 13, the workshop offers practical advice, expert insight and emotional support for families navigating the unique challenges of neurodiversity. Topics will include mental health, education, nutrition, therapy, digital parenting and building effective support networks. Parents and caregivers will also have the opportunity to ask questions, connect with professionals, and engage with solution-driven brands. Speakers include: Dr Alicia Porter – Medication and therapy Dr Jenny Rose - Parental support, managing emotional wellbeing and behaviour of families Naledi Mokoena - Managing schools and educational challenges Kath Megaw RD (SA) - Nutrition and key considerations with practical advice Rianette Leibowitz - Digital parenting to support families Tamra Jones and Jules Belasyse-Smith – Community collaboration and effective support networks Niki Seberini – Breathwork session and tips for parents Tickets cost R650 and include snacks, a light lunch, goodie bags, and a chance to win practical prizes. Book via or Quicket.
Zawya
6 days ago
- Business
- Zawya
Rising platinum prices to benefit South Africa's fiscal plans
A platinum price rally and increased mining royalties should ease the pressure on South Africa's fragile coalition government ahead of its October budget, Old Mutual Investment Group, one of the country's largest institutional investors, said. The government, led by the African National Congress and the Democratic Alliance, is attempting to balance competing interests across parties, and political analysts say that painful trade-offs, such as higher taxes or spending cuts, could fracture the coalition. South Africa is, however, the world's largest producer of platinum group metals - including palladium and other precious metals as well as platinum - that have rallied this year, meaning increased mining royalties could provide relief for the government ahead of its mid-term budget. "Given the role that PGMs play in revenue collection ... this could be a bit of a gift horse windfall to the government of national unity," Meryl Pick, portfolio manager at Old Mutual Investment Group, said during a briefing. She said a repeat was possible of South Africa's mining tax windfall in 2021 when revenue collections exceeded budget projections by R100bn, helping to narrow the fiscal deficit. Spot platinum prices touched their highest levels since August 2014 earlier this month, extending a record second-quarter rally fueled by a rise in demand and drop in supply. Some analysts have said the rally might not be sustained, given global economic uncertainty that may affect demand. But Old Mutual Investment Group analysts said prices were likely to keep rising on the basis of slower adoption of electric vehicles in Western markets, steady demand for hybrid cars, and constrained mining supply due to years of underinvestment. One of the major uses for platinum and palladium is to curb emissions from vehicles that run on fossil fuels. Old Mutual has more than R400bn of assets under management, and its funds have a significant allocation to resources and mining shares. The commodity rally has also buoyed South Africa's other markets. South Africa's MSCI index is up more than 32% since the start of the year - double the around 16% gain in the wider MSCI EM index.
NDTV
6 days ago
- NDTV
UK Surgeon Chopped Off His Legs To Claim Rs 5.4 Crore In Insurance Payout
A UK vascular surgeon was accused in court of amputating both of his legs to claim 500,000 pounds in insurance payouts. Neil Hopper, 49, from Cornwall, claimed that he lost his legs because of sepsis. He expected to make 235,622 pounds from one insurer - Arriva Group and 231,031 pounds from another - Old Mutual, according to court evidence. However, in a dark turn, it is alleged that he bought videos from a website called The Eunuch Maker that showed limb removals and also encouraged Marius Gustavson, the mastermind behind an extreme body modification ring, to remove body parts of third parties. He has also been charged with encouraging or assisting in the commission of grievous bodily harm. The alleged encouragement of these acts took place between August 21, 2018 and December 4, 2020, court was told. Hopper practiced at the Royal Cornwall Hospitals NHS Trust from 2013, but was suspended from duty in March 2023 after his arrest. A spokesperson for the trust clarified in a statement that, "The charges do not relate to Mr Hopper's professional conduct and there has been no evidence to suggest any risk to patients." He has been suspended from from the medical register since December 2023 In an interview with the BBC, Hopper said that he does a lot of amputations and the only thing that kept going on in his mind was power tools, "The thought of power tools being used on me was icky. It was really weird." He also added that he recovered quickly and although he was told he could walk in three months, he "did it in three hours". He said, "I hate to say it but I'm more active since I lost my legs than I was before."
eNCA
6 days ago
- Business
- eNCA
Smart Moves for a Secure Future Ep 2
SPONSORED - In this episode, we explore why preparing for retirement is one of the most important financial decisions you can make, not just for yourself, but for your family too. Joining us is Keith Peter, Advice Manager at Old Mutual South Africa, who shares expert insights on how to take smart steps now to secure your future. Because the earlier you start, the more time your savings have to grow — and the less likely you are to become financially dependent on your children later in life. We'll also introduce you to helpful retirement savings tools such as the Retirement Annuity Calculator and Income Annuity Estimator, designed to help you understand how your funds can grow and what you'll need to meet your retirement goals. Explore Old Mutual's retirement tools and speak to a financial adviser to start your journey toward a secure future.
