Asked whether NMT was the company in question, Manuel told Business Times that Moyo had some "pre-existing interests in a private investment company which has some overlapping interests with Old Mutual". NMT, which has investments in construction, energy, financial services, information technology and manufacturing, states on its website that Old Mutual is its only institutional investor. Old Mutual had provided preference share funding of R277m and R14m in ordinary share funding to NMT, Warwick Bam, head of research at Avior Capital Markets, said in a note.