* Reversing falling customer numbers key to strategy,
JOHANNESBURG Old Mutual's former chief executive Peter Moyo plans to take the South African insurer to court after he was fired on Tuesday following a row over an alleged conflict of interest.
* Shares in insurer knocked as relations sour
(Adding Old Mutual declines to comment on Moyo's move)
JOHANNESBURG A severe shortage of computer skills in South Africa has left its major banks fighting over a limited pool of people with the skills they need to upgrade technology platforms and keep pace with changing customer demands and competition from new rivals.
JOHANNESBURG South Africa's MTN on Tuesday revealed plans to build a "market place" app where customers will be able to buy everything from insurance to washing machines as it seeks to build its mobile money platform MoMo into Africa's biggest bank.
JOHANNESBURG Old Mutual's chief executive left on Friday after what South Africa's second-biggest insurer described as a "breakdown in trust" with Peter Moyo, who cited a disagreement over how it should engage with an investment firm he founded.
JOHANNESBURG Sasol has raised the expected cost of its U.S. ethane cracker project by around $1 billion following a review by the project's new management, the South African petrochemicals firm said on Wednesday, sending its shares more than 10% lower.
* Shares fall more than 10%
(Adds CEO comment, share price, asset sale)
* Reports 3.6% rise in earnings, shares flat
(Adds details, share price, bullets, updates quotes)
JOHANNESBURG, May 15 Goldman Sachs is
seeking a South African banking licence as part of plans to
offer fixed income products in the country, sources and the Wall
Street investment bank said, beefing up its African operations
as global rivals scale back.