Retail Mass - Old Mutual

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Financial market lifecycle • 11 countries assessed in the context of their stage of development • Size of sphere indicates the additional (ie over above existing) long term profitability available within each economy 10
We are familiar with emerging market complexities in South Africa • Structural adjustment has led to faster growth • Average annual GDP growth 2000 – 2008: 4.3% p.a; • Consensus growth forecast for 2010 at 3% • Medium to long-term growth prospects are good • Drivers are favourable demographics, public sector infrastructure drive and growing integration with Africa; • National policies geared towards sustainable economic growth; and • Longer term growth potential estimated to be over 4% by the SA Reserve Bank • But there are major challenges • Raise savings levels; • Improve and maintain skills base; • Lower inflation to enhance global competitiveness; • Improve public service delivery; and • Address structural inequality 11
Page 1 and 2: OPPORTUNITIES AND CHALLENGES ON THE
Page 3 and 4: Agenda • Introduction to Old Mutu
Page 5 and 6: Old Mutual’s emerging market busi
Page 7 and 8: Strong prospective GDP growth rates
Page 9: African opportunity (Pop: 148m) Siz
Page 13 and 14: Segmentation of the target 13m is k
Page 15 and 16: OMSA operating structure reflects t
Page 17 and 18: OMSA gives us competitive advantage
Page 19 and 20: Summary • Africa and other emergi
Page 21 and 22: 2009 Financial results: highlights
Page 23 and 24: We have also set new targets for im
Page 25 and 26: GDP per capita levels and growth pa

Retail Mass - Old Mutual

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