The most important development in Old Mutual this week is not a dramatic spike but a disciplined climb: the share moved from 13.28 ZAR to 13.64 ZAR over 5 sessions, a gain of 2.7%, while South African financials regained momentum. With a dividend yield of 6.52%, the stock is back in focus at a time when the Johannesburg market is once again rewarding income names and balance-sheet visibility.
The broader backdrop on Tuesday, 4 August 2026 supports that reading. The JSE All Share Index rose 1.40% to 114,256.28, while the JSE Top 40 added 1.56% to 106,201.46. Market breadth was positive at 29 advancers, 23 decliners and 1 unchanged out of 53 tracked stocks. This was not a one-stock session driven only by a heavyweight; it was a broader risk-on day spanning miners, banks and selected consumer names.
Key figures
- OMU: 13.64 ZAR, up 2.7% over 5 days
- Dividend yield: 6.52%
- JSE All Share: +1.40% at 114,256.28
- JSE Top 40: +1.56% at 106,201.46
- , down