Old Mutual - Nedcor DiData

Old Mutual PLC
29 August 2000


                        Old Mutual plc

           Cautionary announcement by Nedcor Limited
 concerning their shareholding in Dimension Data International
                           Limited;
                               
     Nedcor acquires 25.1% stake in The IQ Business Group


Nedcor  Limited (NED SJ), the South African banking group,  in
which  Old  Mutual  plc ('Old Mutual') (OML  L)  has  a  53.3%
holding,  has today issued a cautionary announcement regarding
their   shareholding  in  Dimension  Data  International   Ltd
('DDIL').  The  full  text  of  the  Nedcor  announcement   is
available  on  the  Johannesburg Stock Exchange  News  Service
(SENS).

Nedcor and Dimension Data Holdings plc ('Dimension Data') (DDT
L)  are  in advanced discussions regarding a proposed exchange
by  Nedcor of its entire shareholding in DDIL, and its  rights
in  terms of the option for an approximate 10% shareholding in
Dimension Data.

Nedcor also announced today that it is acquiring a 25.1% stake
in  the  IQ  Business Group (Pty) Ltd and has  the  option  to
increase  its  stake to about 45.1% after two  years.  The  IQ
Business   Group   focuses  on  developing  and   implementing
technology-enabled   business  process   solutions   for   the
financial services and other industries.



                                                29 August 2000

ENQUIRIES:

Old Mutual plc, London                  Tel: + 44 20 7569 0100
James Poole, Director Investor Relations

College Hill, London                    Tel: + 44 20 7457 2020
Nicholas Williams

Old Mutual, Cape Town                   Tel: + 27  21 509 2732
Bruce Allen, Manager, Group Media Communications

College Hill, Johannesburg              Tel: + 27 11 447 3030
Kim Milnes


Notes to Editors:

Dimension Data

Dimension Data was listed on the London Stock Exchange  on  31
July  2000.  The  company  provides  network  and  integration
services in some 30 countries. The group provides a full range
of network design, consulting and managed services, as well as
the supply and installation of server technologies.

The IQ Business Group

The  IQ  Business  Group is a thought leadership  organisation
focusing on the holistic design, implementation and management
of technology-enabled business process solutions. In two years
the  company has grown into a R600million IT leader and is one
of South Africa's premier unlisted IT companies.

Starting  with a core of 19 professionals in 1998, IQ's  staff
complement  is  now 880, the majority of which are  university
graduates  with  commerce and information systems  skills.  In
addition,  IQ has a suite of industry-focused development  and
operational  outsourcing  teams  in  the  financial  services,
healthcare, entertainment and fuel industries.

Nedcor's technology investments

Nedcor's  technology  investments  place  the  group  at   the
forefront  of  strategic developments in  adjacent  converging
industries. Earlier this month, Nedcor announced the launch of
e-procurement   joint  venture  company,  Miraculum,   and   a
$10million   investment  in  Indian   IT   company,   Nihilent
Technologies.  In July, Nedcor purchased 26 percent  of  local
smart card technology company Aplitec, and also announced  the
merger  of NedTel Cellular with Nashua Cellular. In June  this
year, Nedcor acquired 20 percent of corporate Internet service
provider, The Internet Solution.