The Way Business Is Moving published by
Issue Date: September 2005

Old Mutual and Nedbank

1 September 2005
Paul Booth

Old Mutual and Nedbank have entered into one of the country's biggest-ever ICT deals, which is expected to achieve cost savings of more than R1 billion over the next five years. The outsourcing agreement, worth approximately R1,8 billion, will see Old Mutual and Nedbank establish a shared IT network managed and operated by Telkom and Computer Sciences Corporation (CSC) and will encompass a complete overhaul of all voice and data communications technology components with no capital expenditure to Old Mutual or Nedbank. The shared network is expected to significantly drive down network and telecommunication costs, improve business functionality and increase service levels.

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