Old Mutual
Old Mutual Limited is a pan-African investment, savings, insurance, and banking group. It is listed on the Johannesburg Stock Exchange, the Zimbabwe Stock Exchange, the Namibian Stock Exchange and the Botswana Stock Exchange. It was founded in South Africa by John Fairbairn in 1845 and was demutualised and listed on the London Stock Exchange and other stock exchanges in 1999. It introduced a new strategy, called 'managed separation', that entailed the separation of its four businesses – Old Mutual Emerging Markets, Nedbank, UK-based Old Mutual Wealth and Boston-based Old Mutual Asset Management (OMAM) – into standalone entities in 2018. This led to the demerger of Quilter plc (formerly 'Old Mutual Wealth') and the unbundling of its shareholding in Nedbank. The business, which is now largely based in South Africa, provides sponsorship and supports bursaries at South African universities.
Company type
17 May 1845
(Cape Town, Cape Colony)
Sandton, South Africa
Life insurance
Savings and investment
Asset management
Banking
Short-term insurance
31,000 (2018)
The structure of the business is as follows:[34]
Old Mutual and its subsidiaries are involved in a number of sponsorships worldwide:[35]
Bursaries[edit]
Old Mutual South Africa awards a number of bursaries every year for exceptional matriculants and actuarial students at South African universities. It also offers partly qualified actuarial employees study leave before actuarial exams. Actuarial students are also typically awarded salary increases following exam passes.[36]
Responsible business[edit]
Old Mutual participates in the United Nations Global Compact (UNGC),[37] as well as the Carbon Disclosure Project.[38]
Old Mutual Amazing Voices[edit]
Old Mutual Amazing Voices is a pan-African music competition reality television series produced by Destiny TV and launched by Old Mutual for DStv and M-Net's various local interest channels across Africa in their respective regions.[39]