Dont worry about catching highs and lows: dont worry abou the exchange rate or the repo rate. Just find the answer to 3 questions 1: when will old mutual dump Nedbank....When will Transnet allow GND to run its own railway..... When will Shoprite marry up with Steinhof. Please mail me these answers and you will never have to pay for a plumber again.............
Maybe Old Mutual is holding on to a "bank" for another reason. Let's say things turn into a Zimbabwe scenario. Can Nedbank get Old Mutuals money out of the country easily? I am asking, I don't know, but they always say in the movies, when something does not make sense, follow the money and why otherwise would Old Mutual keep a Nedbank dead horse?
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Maybe they should sell it to Capitec. Capitec can then destroy the Nebank banking model and rebuild it under the Capitec model and at the same time they will get a whole lot of branches all over the country in shopping malls and they do not have to open new branches?