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Press Releases

CategoryYear
  • Demand for independent schools growing amongst lower income groups

    16 Apr  2014

    South Africa has seen a surge in the growth of independent schools enrolment since 2007. This trend, typically seen among the more upper-income groups in the past, is now expanding to include lower-income groups in pursuit of affordable, quality schools. This is according to Old Mutual following the launch of two new schools this week in inner city Pretoria run by the Royals Management Company and co-funded by Old Mutual and the Government Employees' Pension Fund (GEPF) through the its asset manager PIC and Old Mutual.

  • Growing capacity essential to deliver solid infrastructure plan

    15 Apr  2014

    The National Development Plan (NDP) is an effective plan and its fixed investment target of 30% by 2030 is an ambitious one. However, it will be challenging to meet this target, and it is vital to build capacity to effect the investment roll-out, according to Old Mutual Investment Group’s Senior Economist, Johann Els, and Head of Infrastructure, Jurie Swart, presenting at its Q2 Media Briefing.

  • Enjoy your break – with peace of mind

    31 Mar  2014

    It is almost one of our favourite times of the year – the Easter holidays – a time when many of us pack up our cars and head for a laidback destination for a well-deserved break.

  • Decrease costs, increase financial security

    19 Mar  2014

    Yet another fuel-price hike, rising interest-rates and steadily increasing living costs are squeezing consumers. But Anele Mbuya, senior marketing actuary at Old Mutual says ignoring the ever rising costs can carry long-term risks for breadwinners and their families.

  • Old Mutual welcomes National Treasury proposals

    19 Mar  2014

    Old Mutual has welcomed the proposals contained in the “2014 Budget update on retirement reforms” released by National Treasury late last week, particularly those relating to default preservation and default annuities. <br>

  • Old Mutual Smoothed Funds declare highest bonus in six years

    13 Mar  2014

    Old Mutual’s range of smooth bonus funds has continued to deliver, despite the harsh economic climate that faced South Africans in 2013 – declaring the highest bonus figures since 2007.

  • Wage a smart war on youth unemployment

    11 Mar  2014

    SA has far more unemployed young people than many of our economic peers, but there are remedies, writes Mokaedi Dilotsotlhe, General Manager: Marketing and Communications.

  • High dividend yielding stocks offer return prospects in low return environment

    11 Mar  2014

    With the South African economy currently under pressure, the future of local equity returns looks uncertain and attractively priced opportunities are proving harder to come by. South African long-term equity returns are subsequently expected to be much lower than those seen previously, however high dividend yielding stocks offer better investment opportunities. This is according to Feroz Basa, a Portfolio Manager at Old Mutual Investment Group’s Electus boutique, who says that dividend yielding stocks deliver a significant portion of total return, particularly in a low return environment such as the one we are currently seeing.

  • What would you do with a lump sum payout?

    10 Mar  2014

    Many South Africans reckon that all their financial troubles would be over if they could just get their hands on a lump sum of money. The thought of such a payout makes us all daydream about getting out of debt, buying new cars and travelling to luxurious places fringed by palm trees.

  • Common vision drives R97m investment in new schools

    6 Mar  2014

    Old Mutual Investment Group and its investments partners today announced a R97 million deal to fund the development and operations of two new low-fee independent schools with the first being developed in Soshanguve and open in January 2015.&nbsp; The deal is the fourth of its kind for the Schools Investment Fund, an initiative established by the Public Investment Corporation (PIC), the Government Employees Pension Fund (GEPF) and Old Mutual, and will ultimately accommodate a combined 3 310 learners a year.

  • Budget 2014: Old Mutual commentary on retirement issues

    27 Feb  2014

    For the retirement industry, one of the core positive take-outs from the 2014 Budget address by Finance Minister Pravin Gordhan is the announcement of an increase in the tax-free lump-sum amount to be paid out of retirement funds at retirement. <br>

  • Finance Minister announces Budget Speech Competition winners

    27 Feb  2014

    Lucky Pane from the University of Johannesburg and Joshua Budlender from the University of Cape Town were announced by Minister of Finance, Pravin Gordhan as winners of the 43rd Nedbank and Old Mutual Budget Competition. The competition seeks to stimulate and reward the country’s brightest young minds in order to create a pool of thought leaders who will help drive the economy in the future.

  • South Africans air their Budget hopes

    26 Feb  2014

    In anticipation of Minister Pravin Gordhan’s 2014 Budget Speech on Wednesday, 26 February, Old Mutual is giving South Africans the chance to post their comments on Old Mutual’s Budget webpage.

  • Fiscal discipline expected to dominate upcoming Budget

    26 Feb  2014

    The upcoming 2014/2015 Budget is unlikely to bring any groundbreaking news, following the Medium-term Expenditure Framework (MTEF) in October 2013, but measures to impose fiscal discipline are anticipated to dominate, while no major revenue-generating tax hikes are expected at this stage. This is according to Chief Economist at Old Mutual Investment Group, Rian le Roux, who has emphasised that expenditure control and revenue assumptions in the Budget could provide fiscal drag relief and bring lower deficits than those budgeted in October’s MTEF.

  • Fiscal discipline expected to dominate upcoming Budget

    26 Feb  2014

    The upcoming 2014/2015 Budget is unlikely to bring any groundbreaking news, following the Medium-term Expenditure Framework (MTEF) in October 2013, but measures to impose fiscal discipline are anticipated to dominate, while no major revenue-generating tax hikes are expected at this stage. This is according to Chief Economist at Old Mutual Investment Group, Rian le Roux, who has emphasised that expenditure control and revenue assumptions in the Budget could provide fiscal drag relief and bring lower deficits than those budgeted in October’s MTEF.

  • 2014 Budget must assist SMEs with tax breaks

    25 Feb  2014

    Small businesses play a significant role in job creation, poverty reduction and economic growth. It is therefore crucial that next week’s&nbsp; 2014 Budget Speech tackles the growing financial burdens and concerns of the SME sector, which includes tax and regulatory measures.

  • Budget expectations for retirement industry on 2014 Agenda

    25 Feb  2014

    Given the emphasis Finance Minister Pravin Gordhan placed on the country’s low savings rate in the 2013 October medium term budget last year, the 2014 Budget is expected to bring clarity to how government intends to improve these levels, especially in the face of rising interest rates and inflation.

  • Budget Speech Competition identifies tomorrow’s financial leaders

    25 Feb  2014

    This year marks the 43rd Nedbank and Old Mutual Budget Speech Competition. Since the very beginning, the competition has invited university students from around the country to submit insightful essays that address the most pressing issues currently facing the South African economy.

  • The Kenyans are coming for the Old Mutual Two Oceans Ultra

    11 Feb  2014

    With Old Mutual having pledged R1million each to the first male and female runner to break the course record for the Old Mutual Two Oceans Marathon in 2014, interest in the race is being shown from all quarters with the most recent confirmation being that the Kenyans are coming.

  • Make the rate hike work for you

    6 Feb  2014

    Many consumers are still working out the implications of last week’s largely unexpected rate hike and the latest fuel-price increase, which has pushed the cost of petrol to a high of just under R14/litre for the first time. There are more cheerful ways to start a new year. <br>

  • A winning start to the year

    5 Feb  2014

    Old Mutual Investment Group collected three accolades at the 2014 Raging Bull Awards. First, Old Mutual Global Equity Fund, managed by our UK-based colleagues at Old Mutual Global Investors, scooped two well-deserved honours: the Raging Bull Award for top performance by a fund in the Best (South African-domiciled) Global-Equity-General fund category, as well as a certificate for Best (South African-domiciled) Global-Equity-General fund on a risk-adjusted basis.

  • A winning start to the year

    5 Feb  2014

    Old Mutual Investment Group collected three accolades at the 2014 Raging Bull Awards. First, Old Mutual Global Equity Fund, managed by our UK-based colleagues at Old Mutual Global Investors, scooped two well-deserved honours: the Raging Bull Award for top performance by a fund in the Best (South African-domiciled) Global-Equity-General fund category, as well as a certificate for Best (South African-domiciled) Global-Equity-General fund on a risk-adjusted basis.

  • SA tentatively rebalances as global economy faces recovery

    27 Jan  2014

    A better global growth environment, combined with some current account improvement and better policy implementation might lead to an improved outlook for the South African economy in the year ahead, especially compared to last year. This was the overall message at Old Mutual Investment Group’s quarterly investment briefing today. However, this improvement remains tentative based on the threat of existing risks being exacerbated by factors such as policy inaction, inflation and rate hikes.

  • SA tentatively rebalances as global economy faces recovery

    27 Jan  2014

    A better global growth environment, combined with some current account improvement and better policy implementation might lead to an improved outlook for the South African economy in the year ahead, especially compared to last year. This was the overall message at Old Mutual Investment Group’s quarterly investment briefing today. However, this improvement remains tentative based on the threat of existing risks being exacerbated by factors such as policy inaction, inflation and rate hikes.

  • Fraud Alert : Beware of fraudulent contact details with Loan Offer

    17 Jan  2014

    We have become aware of a current fraudulent letter to consumers that claims to be a promotional offer on behalf of Old Mutual Finance.

  • Kick 2014 off smartly: start saving now for education

    16 Jan  2014

    At the start of every new year, we feel the strings on our purses being pulled. Luxuries must be cut just to keep up with the rising cost of rent, food, electricity and transport; not to mention the long list of children’s education expenses. And with education inflation surpassing general inflation, the future won’t get easier. The long-term solution?&nbsp; Start saving today for your children’s education.

  • 2014 Outlook: rollercoasters, roundabouts and rebounds?

    9 Jan  2014

    With a roller-coaster year almost behind us, we’ve reached that time again where we look to the year ahead and what we can expect from it. Will the dominating themes of 2013 prevail into the New Year or will we see new themes emerge that will influence the economic and market landscape both locally and across the global spectrum?

  • 2014 Outlook: rollercoasters, roundabouts and rebounds?

    9 Jan  2014

    With a roller-coaster year almost behind us, we’ve reached that time again where we look to the year ahead and what we can expect from it. Will the dominating themes of 2013 prevail into the New Year or will we see new themes emerge that will influence the economic and market landscape both locally and across the global spectrum?

  • Fraud Alert : Beware of current fraudulent loan offer.

    6 Jan  2014

    Beware of current fraudulent loan offer.

  • Acquisition of Oceanic General Insurance business complete

    19 Dec  2013

    Following the acquisition of a majority stake in the Oceanic Life insurance company, from Ecobank in Nigeria, the Old Mutual Africa Holdings has now acquired the Oceanic General Insurance business.

  • Cavendish Square wins Energy Efficient Forum award for 2013

    18 Dec  2013

    Building on Old Mutual Property’s drive for a greener property portfolio, Cavendish Square has won the Energy Efficiency Forum award for 2013 in the single building category. The Forum aims to give commercial building owners the opportunity to share knowledge on energy efficiency, as well as to encourage supporting initiatives to allow South Africa to remain sustainable through the safeguarding of capacity for electricity supply.

  • Cavendish Square wins Energy Efficient Forum award for 2013

    18 Dec  2013

    Building on Old Mutual Property’s drive for a greener property portfolio, Cavendish Square has won the Energy Efficiency Forum award for 2013 in the single building category. The Forum aims to give commercial building owners the opportunity to share knowledge on energy efficiency, as well as to encourage supporting initiatives to allow South Africa to remain sustainable through the safeguarding of capacity for electricity supply.

  • Tribute to Nelson Rolihlahla Mandela, 1918 – 2013

    6 Dec  2013

    Tribute to Nelson Rolihlahla Mandela, 1918 – 2013 - by Ralph Mupita, Chief Executive Officer, Old Mutual Emerging Markets

  • Kinangop Wind Park project reaches financial close

    29 Nov  2013

    The African Infrastructure Investment Fund 2 (“AIIF2”) and Norfund, the Norwegian Investment Fund for Developing Countries, achieved financial close of the 60.8MW Kinangop Wind Park project in Nairobi, Kenya today. Kinangop Wind Park is the first independent large-scale wind farm in East Africa and a landmark transaction for both the African power sector and the project finance market.

  • Kinangop Wind Park project reaches financial close

    29 Nov  2013

    The African Infrastructure Investment Fund 2 (“AIIF2”) and Norfund, the Norwegian Investment Fund for Developing Countries, achieved financial close of the 60.8MW Kinangop Wind Park project in Nairobi, Kenya today. Kinangop Wind Park is the first independent large-scale wind farm in East Africa and a landmark transaction for both the African power sector and the project finance market.

  • Advances in science enable cover for people living with HIV

    28 Nov  2013

    Advances in science mean that HIV/AIDS can now be viewed as any other managed chronic condition, giving people living with the disease access to life cover, disability cover and cover for their businesses and families.

  • Join the ‘Mo Bros’ and raise awareness of prostate cancer

    14 Nov  2013

    Thousands of men around the world pack away their razors during the month of November, to grow a moustache and help raise awareness about health risks affecting men, including prostate cancer – a disease that could have serious financial implications for men and their families.

  • Has the global economy reached escape velocity levels?

    30 Oct  2013

    The global economy is possibly poised for an extended recovery period, with the US showing the way and the Eurozone still having quite a way to go. This is according to Old Mutual Equities Strategist, Graham Bell who, speaking at the Old Mutual Investment Group Q3 investment briefing today, said that the global growth run-rate is rising, and while South African equities are currently looking expensive, they can still perform in a risk-on world.

  • Old Mutual Investment Group walks away with two prestigious awards

    28 Oct  2013

    Old Mutual Investment Group has clinched two esteemed awards at the Africa Asset Management Performance Awards that took place at the Vineyard Hotel in Cape Town last Thursday. The Old Mutual Investors Fund and the Futuregrowth Infrastructure &amp; Development Bond Fund were both recognised in separate categories for their ranking as heavyweights of sub-Saharan Africa’s fund management space.

  • Old Mutual Investment Group walks away with two prestigious awards

    28 Oct  2013

    Old Mutual Investment Group has clinched two esteemed awards at the Africa Asset Management Performance Awards that took place at the Vineyard Hotel in Cape Town last Thursday. The Old Mutual Investors Fund and the Futuregrowth Infrastructure &amp; Development Bond Fund were both recognised in separate categories for their ranking as heavyweights of sub-Saharan Africa’s fund management space.

  • Old Mutual awarded FS Code Level 2 B-BBEE status

    27 Oct  2013

    Old Mutual is the first financial services company in the Long Term Insurance category to be awarded Level 2 Broad Based Black Economic Empowerment (B-BBEE) status as measured by the new Financial Sector Code (FS Code) legislated in November 2012.

  • Developing world debt and capturing Emerging Markets Macro story

    25 Oct  2013

    Emerging market debt deserves strong consideration as a means by which to capture nominal growth rates in the developing world. This is according to Bryan Carter, Senior Vice President at Acadian Asset Management, a US affiliate of Old Mutual, who was speaking at the Old Mutual Investment Management Conference (IMC) this week and believes that emerging market bonds have done a fairly consistent job of capturing local GDP growth rates.

  • Developing world debt and capturing Emerging Markets Macro story

    25 Oct  2013

    Emerging market debt deserves strong consideration as a means by which to capture nominal growth rates in the developing world. This is according to Bryan Carter, Senior Vice President at Acadian Asset Management, a US affiliate of Old Mutual, who was speaking at the Old Mutual Investment Management Conference (IMC) this week and believes that emerging market bonds have done a fairly consistent job of capturing local GDP growth rates.

  • Agro-processing SMMEs to get economic boost

    24 Oct  2013

    The Department of Trade and Industry (the dti), Masisizane Fund (an initiative of the Old Mutual Group) and Foundation for African Business and Consumer Services (FABCOS) have partnered to give SMMEs in the agro-processing sector an economic boost. The collaboration between the three entities will provide SMMEs, particularly emerging market enterprises in agro-processing, grant funding, loans and capacity development support. Over the next five years, a collective investment of R500 million will be made to enterprises that meet the funding criteria set by the parties.

  • Africa the great investment story of the next 50 years

    17 Oct  2013

    Despite recent political unrest across the continent, Africa is still offering a compelling investment case and will be the great investment story over the next 50 years. This is according to Diane Radley, CEO of Old Mutual Investment Group, speaking at a media roundtable on African investment today, who said that the investment manager is planning on raising R5 billion to R10 billion for investment in multiple asset classes including infrastructure, private equity and agriculture funds across the continent.

  • Africa the great investment story of the next 50 years

    17 Oct  2013

    Despite recent political unrest across the continent, Africa is still offering a compelling investment case and will be the great investment story over the next 50 years. This is according to Diane Radley, CEO of Old Mutual Investment Group, speaking at a media roundtable on African investment today, who said that the investment manager is planning on raising R5 billion to R10 billion for investment in multiple asset classes including infrastructure, private equity and agriculture funds across the continent.

  • Severe Illness cover makes the road to recovery a little easier

    16 Oct  2013

    A cancer diagnosis can be overwhelming news for any family. What usually follows is a process involving intense treatment (sometimes with debilitating side effects), medical bills, time off work and psychological adjustment. For June le Roux, a housewife from Delareyville in the North West province, severe illness cover lightened the load on her road to recovery from breast cancer.

  • Long- vs short-term investment approach - don't view in isolation

    4 Oct  2013

    Trust and confidence are at the heart of persuading investors to invest for the long term. This is according to Diane Radley, CEO of Old Mutual Investment Group, who was speaking at the PRI (Principles for Responsible Investment) conference this week, taking place in Africa for the first time.

  • Old Mutual Investment Group’s Imfundo Trust honours the late Jakes Gerwel with new bursary programme

    30 Sep  2013

    Old Mutual Investment Group, paid tribute to the late Professor Jakes Gerwel this week, with the launch of a new bursary scheme in his name. The Jakes Gerwel Scholarship forms part of Old Mutual Investment Group’s Imfundo Trust, a nationwide scholarship initiative which aims to address the shortage of black investment professionals in South Africa.

  • Old Mutual Investment Group’s Imfundo Trust honours the late Jakes Gerwel with new bursary programme

    30 Sep  2013

    Old Mutual Investment Group, paid tribute to the late Professor Jakes Gerwel this week, with the launch of a new bursary scheme in his name. The Jakes Gerwel Scholarship forms part of Old Mutual Investment Group’s Imfundo Trust, a nationwide scholarship initiative which aims to address the shortage of black investment professionals in South Africa.

  • Alzheimer’s – It’s about caring and planning

    25 Sep  2013

    September is World Alzheimer’s awareness month and this year’s theme is “a journey of caring”. Alzheimer’s is the most common form of dementia and can affect anyone, as it’s not associated with any particular race, gender or culture. Being prepared for its possible onset should form part of everybody’s financial lifestyle planning.

  • Leave a legacy for your children

    20 Sep  2013

    With Heritage Day on 24 September 2013, as South Africans, we celebrate our culture and the diversity of our beliefs and traditions. We are also reminded of the importance of leaving a legacy for future generations. So have you thought about what you are leaving behind?

  • Financial education to guide domestic workers through hard times

    18 Sep  2013

    The rising cost of living gives Beauty Tyobeka* sleepless nights. A 52-year-old domestic worker from Alexandra, Johannesburg, she works a few days a week for residents of Killarney.

  • Masisizane Fund expands board with solid skills

    11 Sep  2013

    The Masisizane Fund has appointed two new directors to its board as it sharpens its focus on the development of agri-business and agri-processing.

  • Old Mutual Legends programme assists expansion of Bayede! Wines

    11 Sep  2013

    On 7 August 2013, Bayede! launched 7 Icon Wines at the One&amp;Only Hotel in Cape Town. Bayede! is an innovative social enterprise supported by the Old Mutual Legends programme. <br>

  • Old Mutual National Choir Festival brings musical hits to KwaZulu-Natal

    5 Sep  2013

    The 36th Old Mutual National Choir Festival competition kicks off in KwaZulu-Natal on Sunday, 8 September 2013 at the Durban City Hall. Choirs will be battling it out through song for the regional championship titles where the best of the best will take the stage at the national finals that return to South Africa’s Playground - Durban.

  • Old Mutual launches a scholarship for women journalists

    5 Sep  2013

    Old Mutual is to offer a post-graduate scholarship for women journalists to study at the University of the Witwatersrand, Johannesburg. It is aimed at improving the skills of Africa’s female journalists.

  • Old Mutual shines as 2014 Top Employer in SA in two categories

    3 Sep  2013

    Old Mutual was ranked as the No 1 Top Employer in two categories (Financial Services and Insurance) by the Top Employer Institute’s 2014 certification programme. The company also improved its overall ranking by moving up two places to fourth position and was again certified a Top Employer in Africa.

  • Living with your partner? Know your rights!

    29 Aug  2013

    It’s Women’s Month – and it’s all about empowering women in all aspects of their lives. With high divorce rates worldwide and the increasing cost of living, couples often find themselves living together for a while before jumping into marriage, if at all. This means sharing expenses and buying furniture together, but when these relationships no longer work out, who gets to keep the house?

  • How South Africa’s single mothers must secure their financial future

    27 Aug  2013

    The majority (53%) of working mothers in South Africa are single, according to the Old Mutual Savings and Investment Monitor, released in July this year. What’s more, it’s estimated that around half of single mothers receive no financial support, says Sylvia Walker, market development manager at Old Mutual.

  • Single moms’ juggling act goes on long after Women’s Month speeches are over

    27 Aug  2013

    Women’s Month is a worthy and important event, but as many commentators have noted, women’s challenges don’t go away when the celebrations and speeches are over. <br>

  • Retirement savings attitude shows need for industry reforms

    21 Aug  2013

    South Africans may be increasingly aware of the dire state of their retirement savings, but the low savings rate needs to be addressed through legislative support for compulsory savings and increased education around members’ options at retirement.

  • Retirement Fund Survey - Members want better communication

    21 Aug  2013

    Members of South African retirement funds want more effective communication. They say there are gaps between what they want and what they are receiving from their retirement funds, in terms of both the type of communication they receive and the way in which they receive it.

  • South Africans on brink of retirement uncertain and ill-informed

    21 Aug  2013

    South Africans close to retirement lack crucial knowledge needed to make sound decisions regarding their retirement savings – especially when it comes to annuity options. This is according to the recently released Old Mutual Retirement Monitor, which found that respondents in the pre-retirement group, aged 55 and older, have a very low level of understanding of their options.

  • Inflation and ill health are South Africans' main retirement concerns

    21 Aug  2013

    Not having enough money to retire due to the effects of inflation on savings is the greatest retirement concern for many South Africans. <br>

  • Old Mutual donates ICT tools to disadvantaged schools

    21 Aug  2013

    Old Mutual, leading financial services provider, held a handover of laptops, modems and protectors to 40 schools in Gauteng. The aim of this donation is to promote the technological advancement of schools so that they can improve efficiencies and the quality of education delivered to learners.

  • Partnership brings financial literacy and financial education to communities in KZN

    5 Aug  2013

    Old Mutual and the South African Savings Institute (SASI) began the rollout of their financial literacy and financial education community workshops on Friday 05 August. The launch of the campaign in Scottsburg, Umdoni Municipality in KZN was attended by more than 400 guests, including several key dignitaries.

  • Old Mutual strengthens Boards with African business expertise

    5 Aug  2013

    Old Mutual Emerging Markets (OMEM) is pleased to announce the appointment of two business leaders from Kenya and Zimbabwe to its boards. The appointments demonstrate OMEM’s focus on integrating valuable skills and strategic knowledge of the key African markets in which it is expanding.

  • Amateur golfers tee off for chance to represent SA at world final

    26 Jul  2013

    Some of the country’s top amateur golfers will compete in the Old Mutual International Pairs South Africa (OMIPSA) national finals from 30 to 31 July for the chance to represent their country at the International Pairs final in Scotland later this year.

  • The Slow Rotation

    23 Jul  2013

    Old Mutual Investment Group’s quarterly press conference, Johannesburg, 23 July 2013: According to Peter Brooke, who heads up MacroSolutions, the multi-asset class manager at Old Mutual Investment Group, markets reached a critical turning point in the first half of 2013 as the Fed altered perceptions around future rates, triggering a sharp rotation out of fixed-income assets, with emerging markets being particularly hard hit.

  • OM Investment Group warns of listed property short-term risk

    23 Jul  2013

    Old Mutual Investment Group’s quarterly press conference, Johannesburg, 23 July 2013: Highly risk-averse investors should be cautious of local listed property as prices can be volatile and the sector is expensive on a short-term view. However, listed property retains a compelling investment case for long-term, income-seeking investors looking for a growing income stream. This is according to the manager of Old Mutual SA Quoted Property Fund, Evan Robins, who is a senior portfolio manager at Old Mutual Investment Group, MacroSolutions. Robins says that while the sector has certainly fallen from its highs in May, it has gotten off relatively lightly on the whole, considering the level of increase in bond yields.

  • Global outlook and SA economy: the good, the bad and the ugly

    23 Jul  2013

    During Q2 2013, the murmurings of US policymakers sent tidal waves of uncertainty across the global and local economic landscapes. In our view, the potential for Fed tapering was blown out of proportion, yet the reaction of investors was to the degree that many people believe that it has set in motion the wheel of the Great Rotation…. coined to name the move away from bonds into equities; and the decreasing attractiveness of emerging markets relative to developed markets – specifically the USA (and to a slightly lesser extent Japan). This has also highlighted to foreign investors the specific problems in South Africa and, as a result, we have seen the weakness in the rand.

  • Old Mutual employees give 67 minutes in the spirit of Mandela Day

    19 Jul  2013

    Old Mutual shares Madiba’s belief that a society reveals its soul by the way it cares for its most vulnerable members. And nobody is more vulnerable than a child who has been abused or an old person who is too weak to fend for him or herself.

  • Taking financial literacy to under-privileged communities

    10 Jul  2013

    Old Mutual has partnered with the South African Savings Institute (SASI) to bring financial education to rural and peri-urban communities in KwaZulu-Natal, Eastern Cape, Free State and Gauteng. Called ‘financial knowledge, save your future’, the financial literacy community campaign aims to raise awareness around the lack of savings and the impact this has on the country’s economy.

  • Monitor highlights the financial vulnerability of SA’s youth

    10 Jul  2013

    A recent survey has found that many of South Africa’s youth are focusing primarily on short-term financial goals and are taking longer to repay their short term debt as the cost of living increases. Furthermore, this behaviour appears to be at the expense of retirement savings, which means that many young South Africans may not have sufficient funds to live comfortably in later life.

  • Embattled South Africans cutting back on saving for education

    10 Jul  2013

    More South Africans are struggling with debt and cutting back on saving towards their children’s future education, a financial decision that could have devastating consequences for generations to come.

  • Old Mutual Investment Group appoints Director of Investments

    5 Jul  2013

    Old Mutual Investment Group has appointed Hywel George in the capacity of Director of Investments. Hywel is currently a partner at the London-based Integral Asset Management, a boutique wealth management firm, where he is focused on global asset allocation across all asset classes. He will join Old Mutual Investment Group on 1 August 2013.

  • Old Mutual sponsors the 2013 Baby & Toddler Seminar

    2 Jul  2013

    Old Mutual in conjunction with Sr Annemie Higgs held the Baby & Toddler Seminar on the 08th and 15th June 2013, in Walvis Bay and Windhoek, respectively. The main speaker, Melodie De Jager, BabyGym Institute South Africa founder, addressed the audience on brain development in babies and how the first year of a child’s life affects development later on in life.

  • Old Mutual launches new private equity fund

    2 Jul  2013

    Old Mutual Investment Group has launched a new private equity fund targeted at high net worth individuals and institutions. The fund gives investors access to a selection of South Africa’s leading private equity managers.

  • Old Mutual launches new private equity fund

    2 Jul  2013

    Old Mutual Investment Group has launched a new private equity fund targeted at high net worth individuals and institutions. The fund gives investors access to a selection of South Africa’s leading private equity managers.

  • Old Mutual iWYZE rewards its customers with cash payouts

    1 Jul  2013

    Since its launch three years ago, Old Mutual iWYZE has been providing cost-effective, reliable short-term insurance to cover their customers’ cars, homes and other valuables. This week, iWYZE announced that the first batch of No-Claim Rewards has been paid out to customers who have remained claim-free for the past 36 months.

  • Old Mutual Namibia: Customer First Focus and new M&F MD

    1 Jul  2013

    The Old Mutual Group has commenced a process to integrate its short-term insurance businesses outside of South Africa, currently run by Mutual &amp; Federal Africa, into the Old Mutual Africa operations. This strategic and operational integration is an important part of the Group’s stated intention to create value to customers by building a leading integrated financial services brand in all the markets it serves, including Africa.

  • Educating young talent to improve the future of SA

    11 Jun  2013

    Students from humble backgrounds show just what potential lies in our nation’s youth, writes Lulu Ngalo-Morrison.

  • Old Mutual Trophy Wine Show - year of raising the bar?

    31 May  2013

    The 2013 Old Mutual Trophy Wine Show delivered a set of results which shook the complacency induced by the medal count in 2012. A marked drop in the number of trophy, gold and silver medal winners compared with the previous year raises real questions about whether the industry has under-delivered to consumers or whether the judges have been inconsistent in the message they are sending to producers and wine drinkers.

  • Demystify Multiple Sclerosis

    27 May  2013

    The 29th of May marks World Multiple Sclerosis (MS) Day, creating a global awareness of a disease that continues to baffle doctors. MS, along with other severe illnesses that affect the lives of sufferers and their families, has a financial impact that is seldom ever planned for.

  • Celebrating 168 years by partnering with Stop Hunger Now

    16 May  2013

    This week Old Mutual celebrates its 168th year of business, and to commemorate this special occasion Old Mutual has partnered with Stop Hunger Now to pack 16 800 meals for impoverished communities at its offices in both Cape Town and Johannesburg.

  • Good money habits can help protect your children

    9 May  2013

    None of us would put our children in harm’s way on purpose, but the financial habits of many South African families may do just that.

  • Old Mutual Q1 Interim Management Statement

    9 May  2013

    Old Mutual released their Quarter 1 Interim Management Statement today.

  • Old Mutual Education Trust applications open for scholarships

    6 May  2013

    Many young South Africans have limited opportunities to further their education, but family members of some of SA’s biggest unions have bright prospects for scholarships through the Old Mutual Education Trust – and applications are now open.

  • Embrace your liberty this Freedom Day - reach for financial freedom

    25 Apr  2013

    Many South Africans who’ll celebrate Freedom Day this Saturday, April 27 are free to vote but are held captive by debt and see no way to free themselves from it.

  • Old Mutual joBerg2c riders do it for "More Than Themselves"

    24 Apr  2013

    The 2013 Old Mutual joBerg2c mountain bike race kicks off on 26 April in the south of Johannesburg and ends nine days later at Scottburgh on the sea on 4 May. This year the race will feature celebrity riders Boity, DJ Milkshake, Kevin Grenfell, Gugu Zulu and repeat rider Letshego Moshoeu. All five will be riding in support of Old Mutual’s More than Yourself campaign, an initiative to raise funds in support of disadvantaged communities.

  • Short-term caution required on equities, but longer-term outlook for returns still good

    23 Apr  2013

    Despite the recent pressure on the equity market, valuations of certain sectors on the JSE remain relatively high and share prices need to fall further before real buying opportunities arise, according to Brian Pyle, portfolio manager at Old Mutual Investment Group SA (OMIGSA).

  • Large SA Corporates not sitting on so much cash as is generally thought: OMIGSA

    23 Apr  2013

    Despite stories of South African companies sitting on “piles of cash” and being reluctant to invest in the local economy, a closer look at the data reveals that, in fact, companies actually have far less cash on hand than reflected in the data, according to Rian le Roux, chief economist at Old Mutual Investment Group South Africa (OMIGSA).

  • Become a financial freedom fighter

    17 Apr  2013

    As a nation, we’ve come a long way since the 1994 democratic elections and our first Freedom Day.

  • Get to your holiday spot with less financial worries

    2 Apr  2013

    The huge increase in road traffic volumes during this holiday period unfortunately also increases the risk of accidents on our roads. “We don’t like to think about the possibility of an accident happening, but taking financial precautions is the responsible thing to do,” says Jaco Gouws, Risk Actuarial Manager at Old Mutual.

  • World’s most beautiful race to run for more than yourself

    28 Mar  2013

    When runners set off from 6am on Easter Saturday to run the world’s most beautiful race, the Old Mutual Two Oceans Marathon, celebrities will be champions of the financial services giant’s ‘More than Yourself’ campaign.

  • Smoothed bonus funds deliver positive returns

    26 Mar  2013

    The consistency and steadfastness of smoothed bonus funds as a safe harbour in times of market turbulence has once again been proven with the performance of Old Mutual’s range of smoothed bonus funds in 2012.

  • Education gets a return in investment from OM Foundation

    4 Mar  2013

    Marshall Rapiya, CEO of Old Mutual South Africa, today returned to his secondary school, Thembalabantu, to officially hand over a donation made by the Old Mutual Foundation to strengthen the school’s resources and boost its education levels.

  • Winners impress Finance Minister in Budget Speech Competition

    1 Mar  2013

    Some of South Africa’s brightest young minds were announced as the winners of the annual Nedbank and Old Mutual Budget Speech Competition last night (Wednesday 27th). Winners Sizwe Moagi from UCT and Dylan Smith from Rhodes University may now proudly claim that they have the financial sense to impress even a Finance Minister – not to mention the hefty cash prizes they won.

  • Comments on the 2013 budget by Rian Le Roux

    28 Feb  2013

    This year Finance Minister Pravin Gordhan tried to strike a balance between medium-term fiscal adjustment (narrowing South Africa’s relatively wide government budget deficit), preserving spending on social services and avoiding a tax shock to the economy. As a result, the Budget contained no major surprises, although I would have preferred to see a higher tax take in order to ensure a narrower deficit in 2013/4.

  • OMIGSA wins at Raging Bulls

    8 Feb  2013

    We are proud to announce that OMIGSA has won top accolades at the Raging Bull Awards. The Old Mutual Global Equity Fund received a Raging Bull Award for top performance by a fund in the Best Foreign (South African-domiciled) Equity Fund category, while the Old Mutual Income Fund won a Raging Bull Certificate for best Domestic Fixed Interest Income Fund, both for the three years to 31 December 2012.

  • A meeting of minds - Old Mutual acquires 22seven

    1 Feb  2013

    Old Mutual plc has acquired 22seven as part of its strategy to develop digital support for its customers.

  • Give your children an advantage: start saving for their education

    28 Jan  2013

    Financially, January and February are the toughest months for South African parents. Apart from regretting your impulse buys over the festive season, there’s the annual rude awakening about the rising cost of education.

  • Bounce back from the holiday hangover

    24 Jan  2013

    The financial headache that often follows festive season spending needn’t mean your finances are terminally ill. John Manyike, Head of Financial Education at Old Mutual, maps out the road to recovery.

  • African equities look to be a smart diversifier for 2013

    22 Jan  2013

    With the South African equity market hovering around all-time highs and bonds offering historically low yields going into 2013, African equities could offer a smart option for diversification and potential growth for investors, according to Cavan Osborne, portfolio manager at Old Mutual Investment Group SA (OMIGSA).

  • 2013: A Watershed year for South Africa

    22 Jan  2013

    2013 will unquestionably be a watershed year for South Africa in economic terms. We are either going to make a deliberate and urgent effort to get onto the high road to faster economic growth, job creation and exuberant confidence through strong leadership and policy reform, or we will continue to slide backwards.

  • Lower returns in 2013 favour equities and stockpicking

    22 Jan  2013

    Although global macroeconomic risks are receding somewhat from the high levels of 2012, the new year is not necessarily going to be better one for investors, according to Peter Brooke, head of MacroSolutions at Old Mutual Investment Group SA (OMIGSA).

  • Old Mutual Foundation drives CSI visibility, commuters round Sandton

    6 Nov  2012

    Old Mutual believes in enabling positive futures. They’ve been doing so since 1965 when they first became involved in corporate social investment (CSI) initiatives. It is now the proud moment of the Old Mutual Foundation, established in 1999, to visibly showcase some of their current social development projects in a unique and exciting way around the Sandton CBD. <br>

  • Old Mutual appointments

    31 Oct  2012

    Old Mutual has appointed Ms Nombulelo ‘Pinky’ Moholi and Ms Nosipho Molope as independent non-executive directors of Old Mutual Life Assurance Company of South Africa (OMLACSA), with effect from 1 November 2012.

  • Better use of public transport can drive up savings

    26 Oct  2012

    “During Transport Month, it’s worth looking at the cost of travelling as a barrier to saving, especially in the context of the government’s efforts to both promote a savings culture and to upgrade public transport.”

  • Recent extreme storm in Gauteng

    22 Oct  2012

    Gauteng experienced extreme storm conditions on Saturday, 20 October 2012 and there were reports of hail in many parts of Johannesburg.&nbsp; As a result of this, the iWYZE call centre is experiencing high call volumes while clients call in to register claims for hail damaged vehicles, broken windows and the like.

  • Despite subdued conditions, SA consumers likely to stay healthy

    16 Oct  2012

    Despite the slowing economy, lack of jobs and slower growth in government grants, South Africa’s consumers are still likely to experience improving incomes and living standards over the next few years, according to Jeanine van Zyl, head of retail equity analysis at Old Mutual Equities.

  • SA economic prospects dimmer amid unrest, growing inbalances

    16 Oct  2012

    With economic growth slowing and formal employment levels still below their pre-crisis 2008 peak, widespread labour unrest is exacerbating the country’s cyclical and structural economic imbalances, threatening to stop the hesitant recovery in private sector employment in its tracks, and to worsen South Africa’s already-sclerotic growth, according to Rian le Roux, chief economist at Old Mutual Investment Group SA (OMIGSA).

  • Global IT and consumer stocks looking overpriced

    16 Oct  2012

    A price bubble appears to be developing the global IT sector, led by Apple Inc, while traditionally defensive sectors like consumer goods and health care are also looking very expensive, according to Craig Chambers, MD of Dibanisa Fund Managers. Meanwhile, financial, oil and gas, and telecom companies in developed markets are attractively priced from an historic perspective.

  • Old Mutual scoops ‘Top Employer’ award

    29 Aug  2012

    It’s official - Old Mutual is the best large employer in South Africa, according to the CRF Institute’s annual Best Employers Certification Index for 2012/13.

  • Old Mutual Interim Results 2012

    8 Aug  2012

    Against a backdrop of sustained low growth and falling interest rates we continue to deliver good strategic and operational progress.

  • Old Mutual Education Trust helps narrow scarce skills gap

    2 Aug  2012

    The number of scarce skills graduates supported by the Old Mutual Education Trust is on the rise. No fewer than 212 students have been given an opportunity to further their higher education in various fields.

  • Research finds majority of single mothers face retirement vacuum

    23 Jul  2012

    Many working South African women, including 53% of single mothers, have no provision for their retirement and are at risk of being financially deprived when they stop working, stated Ms Shirley Koaho, Old Mutual’s General Manager for Marketing.

  • Save now to avoid economic hardship, urges Old Mutual

    23 Jul  2012

    Uncertainty over the economy and its implications for their personal finances is causing South Africans to delay making financial decisions, said Mohale Ralebitso, head of Old Mutual’s Marketing, Communications and Corporate Affairs division.

  • Entrepreneurs share business skills to honour Mandela Day

    18 Jul  2012

    Owners of small and medium enterprises financed by Masisizane Fund in various parts of the country are playing an active role in their communities in support of Mandela Day. In the spirit of giving, they are sharing expertise and useful information with unemployed community members to boost their employability.

  • It’s time to get real about expected returns

    17 Jul  2012

    Despite the volatility and ructions that have characterised the global financial arena over the past six months, the outlook for medium-term returns from most asset classes remains largely unchanged - and low from an historic perspective, according to Peter Brooke, Head of OMIGSA MacroSolutions.&nbsp; “This is because the macro themes we first named in 2010 continue to play out on the world stage and, in fact, have intensified,” he explains.

  • SA economy cools as global chill finally hits exports, business investment and consumer spending

    17 Jul  2012

    With the world’s major economies slowing rapidly and local consumer and investor confidence sapped by negative headlines, the South African economy is now also feeling the chill, meaning 2012 and 2013 will see continued subdued growth and limited job creation, but also flat interest rates, according to Johann Els, senior economist at Old Mutual Investment Group South Africa (OMIGSA).

  • Responsible investing is the new normal

    17 Jul  2012

    Building environmental, social and governance (ESG) considerations into the transaction life cycle or investment process across all asset classes is fast becoming the new normal – so agree 300 of the world’s leading asset managers and owners who attended the United Nations Principles for Responsible Investment (UN PRI) conference in Brazil last month. Delegates included such heavyweights as California State Teachers Retirement System, Robeco, Generation Investment Management and the Scottish Widows Investment Partnership.

  • Curro, PIC AND Old Mutual join forces to expand quality low-fee schooling.

    3 Jul  2012

    Curro Holdings, the JSE-listed private schooling company, the Public Investment Corporation (PIC) and Old Mutual Investment Group SA (OMIGSA) have joined forces to provide a major boost to affordable independent schooling in South Africa. The partnership aims to deliver quality low-fee education to an initial 20 000 learners across 11 schools nationwide.

  • Doctor, games designer or social media guru - Dreams aren’t free

    3 Jul  2012

    Our country needs a new form of activism that will ensure not only economic growth, but enable choices that lead to fulfilling careers and lives for our young people, writes Sinenhlanhla Nzama.

  • Masisizane Fund calls for active entrepreneurship among youth

    14 Jun  2012

    As South Africa’s youth unemployment rate continues to soar and the toughening economic conditions make finding employment in the formal sector increasingly difficult, the Masisizane Fund calls on young entrepreneurs to seize available opportunities. The enterprise development financier says by starting small businesses they will not only support themselves but also help stimulate the economy.

  • OMIGSA Alternative Investments wins "Socially Responsible Investor of 2012" award

    14 Jun  2012

    OMIGSA’s Alternative Investments boutique, particularly the Development Impact Funds team headed by Christine Glover, has won the “Socially Responsible Investor of 2012” Imbasa Yegolide award from the Principal Officers Association (POA).

  • Old Mutual’s community investment boosted by special dividend

    14 Jun  2012

    Old Mutual Foundation (SA) uses the dividend windfall of approx R4.4m to improve the quality of learning.

  • New child-friendly reporting facilities for Vredenburg

    11 Jun  2012

    Matla a Bana – A Voice against Child Abuse will open two child-friendly reporting facilities in Vredenburg today. The upgrading of these two facilities, the victim room at Vredenburg Provincial Hospital and the Vredenburg Child Protection Unit (at Saldanha SAPS), was funded by the generous donations of Old Mutual staff, and matched rand for rand by the Old Mutual Foundation.&nbsp; Their donations also contributed towards 50 comfort packs for child abuse victims.

  • iWYZE is offering their breathalyzer service in Durban this weekend

    8 Jun  2012

    iWYZE to provide free breathalyzer facility at the Durban Botanical Gardens Old Mutual Music at the Lake.

  • Latest Retirement Reform proposals bodes well for SA

    16 May  2012

    Old Mutual says proposals to streamline the South African retirement system, which were outlined in a discussion document released by Finance Minister Pravin Gordhan yesterday, are encouraging from the perspective of ordinary South Africans.

  • Old Mutual plc Interim Management Statement

    10 May  2012

    Old Mutual plc Interim Management Statement for the three months ended 31 March 2012.

  • Are you financially free?

    24 Apr  2012

    This year on April 27 the nation will celebrate its 18th year of democracy. There’s no doubt that democracy opened a world of opportunities for many South Africans, but political freedom means little, unless you also have economic freedom, says Thembeka Ngugi, Marketing Executive at Old Mutual South Africa.

  • A forward leap for education through collaboration

    20 Apr  2012

    Three of SA’s leaders of business and social development have called for a collaborative approach to addressing the country’s education crisis.

  • Global environment still poses threats for South Africa

    17 Apr  2012

    Although the global economy looks set to continue on its path of gradual healing for the remainder of the year, this path is still likely to be a rocky one, with significant threats that could derail or slowthe recovery and impact negatively on South Africa’sgrowth and financial markets, according to Rian le Roux, chief economist at Old Mutual Investment Group South Africa (OMIGSA).

  • National Choir auditions now open

    2 Apr  2012

    The Old Mutual National Choir Festival has started auditioning choristers keen to showcase their talent in the prestigious competition this year. Interested choirs that did not participate in 2011 but would like to take part in 2012 are invited to submit recordings of any songs of their choice to the event organisers by 30 April 2012.

  • Make sure you’re covered over the Easter holidays

    28 Mar  2012

    The Easter weekend is fast approaching and thousands of South Africans are looking forward to a few days off. But the mad rush to get away from it all carries risks. According to the Road Traffic Management Corporation, more than 150 road deaths were reported over the Easter weekend in 2011, up from 105 deaths the previous year. This is an alarming increase, which highlights the need for adequate life cover.

  • Provide for your medical expenses in retirement

    19 Mar  2012

    So you got your annual increase letter from your medical aid and it brought home a stark reality: medical inflation is 9.8%, far steeper than general inflation at 6.3%. This means that medical contributions and expenses could present a formidable challenge by the time you retire, and you need to save a little extra for as long as possible before retirement.

  • Winners impress Finance Minister in Budget Speech Competition

    23 Feb  2012

    Some of South Africa’s sharpest young minds were announced as the winners of the annual Nedbank and Old Mutual Budget Speech Competiton. Winners Pierre Vercuiel of the University of Stellenbosch and Salma Kagee of the University of Cape Town may now proudly claim that they have the financial sense to impress a Finance Minister – not to mention a hefty cash prize.

  • OMIGSA pre-budget speech outlook

    20 Feb  2012

    Johann Els, senior economist at OMIGSA doesn’t think there will be any big surprises contained in this year’s National Budget.

  • Murray and Roberts to build R1,6 billion Portside Project

    14 Feb  2012

    The principal building contract for what will be Cape Town’s tallest CBD building, the Portside co-development by FirstRand Bank and Old Mutual, has been awarded to Murray and Roberts.

  • Masisizane Fund fuels entrepreneurial zeal in Eastern Cape

    7 Feb  2012

    It’s no secret that the Eastern Cape faces challenges in employment, poverty and education. But whatever the need for social and economic development, it’s worth looking at the zeal with which ordinary people grasp the opportunities they get.

  • Proposed Sale of Old Mutual Nordic Business

    3 Feb  2012

    Old Mutual plc (“Old Mutual” or “the Group”) has today published the shareholder circular in respect of the sale of its Skandia Nordic business. On 15 December 2011, Old Mutual announced that it would sell the Skandia Nordic business, which operates in Sweden, Norway and Denmark, to Skandia Liv for net cash proceeds of £2.1 billion (approximately R25 billion*).<BR>

  • Old Mutual Property’s commitment to community development

    31 Jan  2012

    Old Mutual Property continues to look for innovative ways in which to make valuable contributions to sustainable community development and township upliftment. Due to open in April 2012 is the redeveloped Kagiso Mall project in Mogale City. Started in 2008, the project involved demolishing rather than refurbishing the mall and its final cost of development is estimated at R123,5 million.

  • Old Mutual and T-Systems sign new R2.58bn deal

    26 Jan  2012

    Old Mutual and T-Systems in South Africa have agreed an IT infrastructure management deal valued at R2.58bn, extending the existing relationship between the two partners until 2019. The new agreement represents an industry leading outsourcing approach, and is one of the largest IT infrastructure deals of this nature in the insurance industry in South Africa.

  • Thriving in Volatile Markets

    24 Jan  2012

    Grant Watson and Saliegh Salaam, co-heads of the Quantitative Investments (QI) boutique at OMIGSA, say that they have found a way of delivering alpha at dramatically reduced volatility.

  • What has changed, what has not, and what does it all mean?

    24 Jan  2012

    What has not changed? Peter Brooke, Head of Macro Strategy Investments (MSI), points out that amidst the global turmoil there have been some constants, and points out that many of the themes they first named in 2010 continued to play out through 2011. ‘We expect these to remain relevant for years to come,’ he says.

  • This is not 2008: Global Risks and their local impacts

    24 Jan  2012

    According to Johann Els, senior economist at OMIGSA’s Economic Research Unit, South African’s need to brace themselves for yet another year of unbridled market volatility as global events emanating from the north, west and east continue to impact locally.

  • One in three South Africans unable to retire

    12 Jan  2012

    One in three South Africans believe that the government will take care of them in old age – a belief that contributes to the already enormous pressure on government to supply grants to pensioners who have neglected to save for retirement.

  • Old Mutual appoints Ralph Mupita as Emerging Markets CEO

    9 Jan  2012

    <p>Old Mutual today announced that Kuseni Dlamini, Chief Executive Officer of Old Mutual Emerging Markets (OMEM) has decided to move on from the Company to pursue other business opportunities. Ralph Mupita, currently CEO for Emerging Markets Life and Savings will take on the role as Chief Executive Officer of Old Mutual Emerging Markets from 1 February 2012. Mr. Dlamini will remain in an advisory capacity until the end of March 2012.</p>

  • Is risk cover part of your holiday plan?

    14 Dec  2011

    The end of the year is fast approaching, and this means holidays and possible road trips. We’re all looking forward to a few days off at the end of the year – but for some of us, the festive season is anything but relaxing. Increased traffic volumes mean an increased risk of accidents on our roads. It’s a sad reality that accident rates increase during holiday periods.

  • Protect your valuables during the festive season

    12 Dec  2011

    For tens of thousands of South Africans the festive season means going on holiday&nbsp; and going on holiday entails leaving behind many of your valuables while perhaps lugging some of them along with you. Either way, the risk of loss increases during this season.

  • Choral competition sets final stage to crown champions

    7 Dec  2011

    The 2011 Old Mutual National Choir Festival regional winners will battle it out through music at the last leg of the competition to be crowned national winners. The final stage is set for 10-11 December at the Ellis Park Arena in Johannesburg, where the competition’s finest will present sweet sounds to choral music enthusiasts.

  • Futuregrowth wins Agribusiness Fund of the Year Award

    5 Dec  2011

    The Africa Investor Agribusiness Investment Awards offer recognition to Africa’s agribusiness investment leaders and their role in improving the continent’s agribusiness investment profile.

  • South Africans biting the bullet, cutting costs

    24 Nov  2011

    South Africans have begun to heed the calls to rein in their short-term debt and curb spending, rather than continuing to be charged high interest rates. That’s the primary finding of the fifth Old Mutual Savings and Investment Monitor, released today (Thursday 24 November 2011).

  • Don’t let festive spirit leave a debt hangover

    21 Nov  2011

    The festive season is looming, and despite tough economic times, many South Africans will celebrate with some retail therapy – spending.

  • New senior appointments at OMIGSA

    10 Nov  2011

    Yesterday, Old Mutual Investment Group SA (OMIGSA) named Ben Kodisang as the group’s new Head of Distribution, Marketing and Strategy, while Peter Levett has been appointed as the Managing Director of Old Mutual Property (OMP).

  • OMAC partners with offshore investment service

    8 Nov  2011

    To significantly enhance its offshore investment manager research and product capabilities, OMAC Actuaries &amp; Consultants has entered into a cooperation agreement with a London based data provider, CAMRADATA Analytical Services Ltd.

  • Contributing to our country's success through transformation

    1 Nov  2011

    Old Mutual Property achieved a level 2 rating in 2009. We are proud to be one of a few large companies to achieve this in a record period of three years and have successfully maintained this for three consecutive years.

  • Old Mutual Property completes the development of Cradock Square in Rosebank

    1 Nov  2011

    Old Mutual Property (“OMP”) is pleased to announce the completion of the development of Cradock Square building situated in the heart of Rosebank’s CBD in Johannesburg. This development was completed on time and within budget at a total cost of R180m. OMP was the development manager on behalf of Old Mutual Life Assurance Company South Africa as investor.

  • Old Mutual International launches new protected fund

    1 Nov  2011

    Old Mutual International announces the launch of the OMGB USD Protected Global Index fund offering full capital protection and 165% participation rate on the averaged investment growth of the portfolio when held for six years until maturity. The fund could be attractive to investors concerned with the current volatility in world stock markets but still want the potential to benefit from any future increases in valuation levels.

  • Old Mutual and Kirstenbosch show off the best in SA entertainment

    19 Oct  2011

    There’s a spring in our step and summer is truly on its way as we relish the thought of long hot days enjoying the special experiences that make Cape Town so unique.

  • Despite risks, this is not 2008, policymakers responsible for volatility

    18 Oct  2011

    While the number of risks currently dogging global markets makes it wise to be cautious when selecting investments, there are some signs that suggest that things, while tenuous, may not be quite as bad as they appear to be.

  • Value returning to local equity market

    18 Oct  2011

    “The South African stock market is currently offering reasonable value although equities remain vulnerable to the contagion effect of further global growth shocks and the lack of definitive action by European authorities to sort out the EU's financial problems,” says Peter Linley, head of Toros Equity, a boutique within the Old Mutual Investment Group SA (OMIGSA) stable.

  • Sustainability: A mega trend not to be ignored

    18 Oct  2011

    According to Jon Duncan, Environment, Social and Governance (ESG) analyst at Old Mutual Investment Group SA (OMIGSA), “Asset owners and managers that want to retain their competitive edge over the long term need to start integrating the precepts of responsible investment (RI) into their investment strategies. This involves assimilating material ESG issues into investment and ownership decisions.”

  • African Infrastructure Fund reaches final close of US$500m

    14 Oct  2011

    African Infrastructure Investment Fund 2 (“AIIF2”), a fund promoted and advised by African Infrastructure Investment Managers (“AIIM”), has announced its final close with commitments of USD 500 million (approximately ZAR 3.6 billion) from institutional investors. AIIM is a joint venture between the Macquarie Infrastructure and Real Assets business of Macquarie Group Limited of Australia (“Macquarie”) and Old Mutual Investment Group South Africa (“OMIGSA”).

  • Fourth award in a row is ‘a clear vote of confidence'

    11 Oct  2011

    Old Mutual has been voted the best customer service organisation in the long-term insurance sector in South Africa for the fourth consecutive year, as announced at the 2011 Ask Afrika Orange Index Awards conference last week.

  • Investing during the age of turbulence

    4 Oct  2011

    The past few weeks have seen significant market volatility across the globe - leaving many trustees and members in a state of confusion. However, trustees can protect themselves and their members from significant financial loss by paying close attention to the details of their particular fund.

  • Old Mutual salutes volunteers who make a tangible difference

    30 Sep  2011

    At a special awards function at its Pinelands office last night, Old Mutual recognised and honoured those employees who are actively involved in making a difference in their local communities. The company also saluted the managers and business segments who proactively encourage and support their staff participation.

  • Old Mutual Zimbabwe indigenization agreement reached

    22 Sep  2011

    Old Mutual Zimbabwe today confirmed that it has reached agreement with the Zimbabwean government o­n the first phase of its proposal to comply with indigenization legislation for the financial sector.

  • Futuregrowth co-hosts Ethics Workshop

    14 Sep  2011

    CFA South Africa, ASISA Academy and Futuregrowth Asset Management are hosting interactive ethics workshops, presented by Terence Berry, CEO of ASISA Academy and Andrew Canter, CIO of Futuregrowth Asset Management, both board members of CFA South Africa.<br>

  • Old Mutual wins online award at SA Publication Forum

    6 Sep  2011

    Old Mutual’s weekly electronic newsletter for its employees, That’s a Wrap, has won the Award for Best Electronic Publication in South Africa at the annual SA Publication Forum Awards, held in Pretoria on September 2. This year more than 150 corporate publications were entered and evaluated by the judging panel.

  • Just two months until voluntary tax disclosure

    31 Aug  2011

    With an end-October deadline, the clock is ticking for taxpayers to submit voluntary disclosure programme (VDP) applications to SARS and the SA Reserve Bank with a view to putting their financial affairs in order if they owe tax on local assets or income, and by disclosing income and assets held offshore.

  • Conquer market jitters by sticking to principles

    29 Aug  2011

    Global stock markets including the JSE are under pressure from the high level of uncertainty in global economic conditions. Renewed concerns over slowing US and global growth, plus the European debt crisis, continue to spark a sell-off attitude among investors.

  • Investors urged to protect retirement savings from erosive volatility

    26 Aug  2011

    Recent volatility in local and international equity markets has o¬nce again highlighted the need for investment vehicles that offer protection from the eroding effects of market fluctuations.

  • Before you tie the knot

    25 Aug  2011

    Distracted by the exciting flurry of invites, fittings and honeymoon bookings, couples tend to avoid conversations relating to their finances before marriage.

  • Keep a long-term view in the current fragile global conditions

    19 Aug  2011

    SA growth still seen over 3% in 2011 – recession not likely "Despite the current difficult market conditions, investors should keep a long-term view when it comes to their investments and stick with the solutions they’ve chosen in line with their long-term goals. It’s important not to panic and sell now, when markets are weak or volatile, as this will simply lock in losses in a portfolio." This is the advice of Peter Brooke, head of the Macro Strategy Investments boutique at Old Mutual Investment Group (SA) (OMIGSA), who manages a range of multi-asset class portfolios for both retail and institutional investors.

  • Old Mutual Property MD to join Old Mutual Emerging Markets

    16 Aug  2011

    Ben Kodisang, Managing Director of Old Mutual Property, will be moving from Old Mutual Property to the wider operations of Old Mutual Emerging Markets (OMEM)&nbsp; in order to pursue further career opportunities, according to Old Mutual Investment Group SA (OMIGSA) CEO Diane Radley.

  • Old Mutual Property MD to join Old Mutual Emerging Markets

    16 Aug  2011

    Ben Kodisang, Managing Director of Old Mutual Property, will be moving from Old Mutual Property to the wider operations of Old Mutual Emerging Markets (OMEM)&nbsp; in order to pursue further career opportunities, according to Old Mutual Investment Group SA (OMIGSA) CEO Diane Radley.

  • Old Mutual's IDEAS Fund finances key cross-border infrastructure deal for Beitbridge

    15 Aug  2011

    Old Mutual’s Infrastructure, Developmental and Environmental Assets (IDEAS) Fund has financed the equity requirements for the South African Infrastructure Investment Company (SAIIC) to upgrade the Beitbridge Border Post between South Africa and Zimbabwe. At the same time, Standard Bank was awarded the lead debt arranger mandate and WBHO the Engineering, Procurement and Construction contract. The Export Credit Insurance Corporation of South Africa Ltd (ECIC) has insured the project for political risk insurance. The total project value is US$90 million (approximately R612 million) and construction is expected to take up to 18 months.

  • Old Mutual and Firstrand Bank Press Release

    12 Aug  2011

    <b>Premier breaks ground for Cape Town's new skyline</b><br><br><i>Underscoring their commitment to sustainable investment in the Western Cape, Old Mutual and FirstRand Bank are embarking on their joint Portside development initiative to further revitalise the fast growing central business district of Cape Town.</i>

  • Old Mutual and Firstrand Bank Press Release

    12 Aug  2011

    <b>Premier breaks ground for Cape Town's new skyline</b><br><br><i>Underscoring their commitment to sustainable investment in the Western Cape, Old Mutual and FirstRand Bank are embarking on their joint Portside development initiative to further revitalise the fast growing central business district of Cape Town.</i>

  • IDEAS Fund finances key cross-border infrastructure deal

    10 Aug  2011

    Old Mutual’s Infrastructure, Developmental and Environmental Assets (IDEAS) Fund has financed the equity requirements for the South African Infrastructure Investment Company (SAIIC) to upgrade the Beitbridge Border Post between South Africa and Zimbabwe.

  • Old Mutual appoints Marketing, Communications and Corporate Affairs Director

    8 Aug  2011

    Old Mutual Emerging Markets (OMEM) announced the appointment of Mohale Ralebitso to the position of Marketing, Communications and Corporate Affairs (MCCA) Director.

  • Interim results reflect successful half year for Old Mutual

    5 Aug  2011

    Julian Roberts, Group Chief Executive, comments on Old Mutual plc interim results for the six months ended 30 June 2011

  • Bloem Celtic beat Black Leopards to make it three-in-row at the Mangaung Cup

    1 Aug  2011

    Bloemfontein Celtic were able to defend the 2011 Old Mutual Mangaung Cup for the second time after beating Black Leopards in the final of the competition, winning 5-3 in a penalty shoot-out after the match finished 0-0.

  • Investors should steer clear of big bets in current environment

    26 Jul  2011

    In the face of rising global risks, investors should ensure they are invested in the appropriate products and avoid taking on any big or concentrated market bets, with diversification and risk management becoming even more crucial factors for any portfolio, according to Peter Brooke, head of Macro Strategy Investments (MSI) at Old Mutual Investment Group (SA) (OMIGSA).

  • South Africa facing rough ride in months ahead as global risks rise

    26 Jul  2011

    South African investors should brace themselves for considerable market volatility in the months ahead, on the back of rising concerns over fiscal contraction in Europe, budget clashes and slow growth in the US, and slowing growth in China, among other issues, according to Rian le Roux, chief economist at Old Mutual Investment Group South Africa (OMIGSA).

  • Retirement Index shows South Africans losing confidence

    13 Jul  2011

    The recent OMAC Actuaries &amp; Consultants Member Retirement confidence Index (MeRCI) for 2011 has revealed that confidence levels among members of retirement funds in South Africa have declined over the last year.

  • Housing Fund raises R9.0bn to build 120,000 low-income homes

    6 Jul  2011

    Old Mutual Investment Group (SA) (OMIGSA) Alternative Investments has raised a total of R9.0bn (approximately US$1.3bn) for its innovative Housing Impact Fund for South Africa, targeted primarily at helping South Africans earning less than R15 000 ($2 200) a month meet their housing needs.

  • Not the daily grind: Cheesekids is opportunity to do great things

    30 Jun  2011

    Registrations are now open to serve and have fun. Financial services giant Old Mutual and Cheesekids, the youth organisation that encourages social activism and community service among 18-to-40-year-old South Africans, today launched the Cheesekids Mandela Day 2011 initiative, promoting volunteerism and community service.

  • South Africans lack awareness around retirements savings needs

    28 Jun  2011

    The results of the 2011 Old Mutual Retirement Monitor released today in Johannesburg reveal that a lack of awareness around personal retirement savings and contributions to retirement schemes is one of the key reasons why the majority of working South Africans are not saving enough for retirement. Furthermore, the majority of South Africans anticipate having to work for financial survival after formal retirement.

  • Young savers pivotal to national growth

    15 Jun  2011

    It may be a crude generalisation that youth is wasted on the young. But it’s also true that young people sometimes fail to see the opportunities available to them. One good example is saving: for people who’re fortunate enough to be earning money, the years between age 18 and 34 are crucial for building financial security.

  • Developing a culture of saving amongst the youth

    15 Jun  2011

    June is National Youth Month and July is National Savings Month.&nbsp; It’s a good time to focus on creating the right attitude and encouraging the appropriate behaviour in young people so that they will be empowered to manage their finances effectively.

  • OMAC Healthcare Monitor: Medical Aids too expensive

    13 Jun  2011

    Findings from the 2010 OMAC Actuaries &amp; Consultants Healthcare Monitor released in Johannesburg today reveal that due to a lack of awareness of their options, members generally feel their medical schemes are too expensive.

  • Trophy Wine Show 2011 - closely contested race

    1 Jun  2011

    In the most closely contested race since the inaugural event in 2002, Spier edged ahead of Thelema Mountain Vineyards to take the Fairbairn Capital Trophy for the Top Producer at the 2011 Old Mutual Trophy Wine Show.

  • Old Mutual launches unique 100% disability cover product

    25 May  2011

    Old Mutual Corporate has launched South Africa’s first disability product that enables companies to provide employees with 100% income replacement cover for the duration of their disablement, inflation-beating annual increases and additional maternity benefits.

  • Techy entrepreneurs to benefit from homegrown guide on start-up businesses

    13 May  2011

    Creative thinkers with great business ideas can now learn directly from successful entrepreneurs in the technology sector through the new 'Do Great Things' Entrepreneurs' Guide from Old Mutual.

  • Grass mowing initiative in Durban to create sustainable jobs

    11 May  2011

    Most of us like the smell of freshly-cut grass. But if you notice the lawns and grass verges in Durban’s public areas suddenly looking a lot neater, it’s because something far more important is going on than a bit of mowing. It’s the whiff of job creation and enterprise development at work.

  • Staff volunteer engagement creates homes for impoverished families

    9 May  2011

    With the chill of winter approaching, a number of impoverished families can look forward to owning a roof over their heads owing to the efforts of over 1 000 Old Mutual staff members who will join forces with Habitat for Humanity South Africa (HFHSA) to build 14 homes during this week (9 – 13 May) in Gauteng, KwaZulu-Natal and the Western Cape. The project is part of Old Mutual staff’s annual volunteerism activities.

  • Music workshops to mark start of National Choir Festival

    5 May  2011

    The Old Mutual National Choir Festival 2011 gets underway with a series of music workshops for choirs that will be participating in the competition. The workshops will commence in KwaZulu-Natal this weekend, where conductors and a number of the choir members will receive training on the technical aspects of choral music.

  • Rural SMMEs to benefit from development finance

    5 May  2011

    Old Mutual’s Masisizane Fund and the Eastern Cape Department of Rural Development and Agrarian Reform today signed a memorandum of understanding (MoU) to provide development finance that will promote enterprise development in the province.

  • SA recovery still on track despite global shocks

    19 Apr  2011

    South African consumers can find some reassurance in the fact that, despite the serious shocks seen around the globe in the first quarter of the year, the economic recovery underway in South Africa is still on track and growth prospects remain positive, according to Johann Els, senior economist at Old Mutual Investment Group SA (OMIGSA).

  • Investors to take note of impending Regulation 28 changes

    19 Apr  2011

    Besides pension funds, individual investors also need to be aware of the imminent changes to Regulation 28 of the Pension Funds Act, as the changes are likely to have a significant impact on the way they save and invest their hard-earned cash going forward. In fact, according to Roland Gräbe, Chief Investment Officer at Symmetry Multi-Manager, individuals who have investments in retirement annuity (RA) and other retirement savings vehicles should consult their service providers or financial advisers right away to determine what the impact could be on their portfolios.

  • Investors to take note of impending Regulation 28 changes

    19 Apr  2011

    Besides pension funds, individual investors also need to be aware of the imminent changes to Regulation 28 of the Pension Funds Act, as the changes are likely to have a significant impact on the way they save and invest their hard-earned cash going forward. In fact, according to Roland Gräbe, Chief Investment Officer at Symmetry Multi-Manager, individuals who have investments in retirement annuity (RA) and other retirement savings vehicles should consult their service providers or financial advisers right away to determine what the impact could be on their portfolios.

  • OMIGPI unveils Old Mutual Property

    18 Apr  2011

    Old Mutual Investment Group Property Investments (OMIGPI) officially changed its name today to Old Mutual Property. The new name reflects Old Mutual Property's vision to be the leading property asset management company in South Africa and the Emerging Markets.

  • Wits, OM to increase knowledge base on social security

    13 Apr  2011

    The challenges facing public sector institutions globally – whether governments, state institutions, public entities or not-for-profit organisations - are driving demand for improved capabilities, and the development of academic competencies to respond to an increasing number of postgraduate students.

  • Continued development to boost Johannesburg's inner city

    6 Apr  2011

    The first step in driving commercial redevelopment of a prime node in Johannesburg’s inner city has been completed with the R20 million restoration of the historic Barbican building by Old Mutual Investment Group Property Investments (OMIGPI).

  • Old Mutual's Kuseni Dlamini discusses China's 5 yr plan

    1 Apr  2011

    CNBC Africa aired a live broadcast with Old Mutual Emerging Markets CEO, Kuseni Dlamini, about China's 5-year plan which includes a proposed shift away from reliance on cheap exports towards greater domestic consumption.

  • New Shari’ah-compliant fund offers diversification

    30 Mar  2011

    In the current market conditions when diversification is more important than ever, Old Mutual Unit Trusts, in partnership with Al Baraka Bank and Channel Islam, has launched a Shari’ah-compliant asset allocation fund that offers investors excellent diversification through access to most local and international asset classes. The Old Mutual Albaraka Balanced Fund provides investors with an ethical investment that aims to achieve long-term growth and a moderate level of income.

  • Survey reveals concerns over increasing healthcare costs

    28 Mar  2011

    Findings from the 2010 OMAC Actuaries &amp; Consultants Healthcare Survey, released in Johannesburg today, reveal that rising healthcare costs are the biggest concern for employers, brokers and medical schemes within the healthcare industry. Medical schemes are still struggling to contain these costs. At the same time members perceive these benefits to be decreasing.

  • Funeral cover offers flexible terms with new age technology

    24 Mar  2011

    In answering to the changing needs of today’s customers, Old Mutual has updated its ‘Pay-when-you-Can’ Family Funeral Plan to bring customers more convenience and affordability when wanting to protect their families.

  • Om Die Dam winner led from gun to tape at Old Mutual ultra.

    19 Mar  2011

    Leburu Kgosimang became the first to lead from gun to tape when he won the Old Mutual Om Die Dam 50km ultra on Saturday.

  • Runners join in cause to improve water quality

    16 Mar  2011

    Combine environmental concern with energetic efforts of athletes and the results will go a long way to improve the declining water quality in one of South Africa’s most picturesque valleys.

  • OM leadership team to tackle emerging markets opportunities

    9 Mar  2011

    Underscoring its quest to strengthen its market facing businesses off a solid South African base and achieve synergies across its businesses in emerging markets, Old Mutual Emerging Markets (OMEM) today announced changes to its operating model and organization structure.

  • OMIGSA tackles shortage of investment professionals

    3 Mar  2011

    Old Mutual Investment Group (OMIGSA) has launched a nationwide scholarship initiative, Imfundo Trust, to address the shortage of black investment professionals and grow the pool of suitably qualified individuals in the asset management industry. “Imfundo” means “education” in isiZulu.

  • Two new BEE Property Funds set for 2011

    28 Feb  2011

    Two new property funds run by black-owned management companies will get under way in 2011 with backing from Old Mutual Investment Group Property Investments (OMIGPI).

  • Two new BEE Property Funds set for 2011

    28 Feb  2011

    Two new property funds run by black-owned management companies will get under way in 2011 with backing from Old Mutual Investment Group Property Investments (OMIGPI).

  • Old Mutual Buffs winner on track for Comrades gold

    26 Feb  2011

    Melikhaya Sithuba won the Old Mutual Buffs Marathon in an impressive two hours 19 minutes 13 seconds and says his return to form puts him on track for Gold in Comrades.

  • Higher budget deficits raise some concerns

    23 Feb  2011

    The international investment community could start to question the South African government’s previous strict fiscal stance due to the higher budget deficits announced today by Finance Minister Pravin Gordhan in today’s 2011-12 Budget, according to Rian le Roux, chief economist at Old Mutual Investment Group SA (OMIGSA).

  • Higher budget deficits raise some concerns

    23 Feb  2011

    The international investment community could start to question the South African government’s previous strict fiscal stance due to the higher budget deficits announced today by Finance Minister Pravin Gordhan in today’s 2011-12 Budget, according to Rian le Roux, chief economist at Old Mutual Investment Group SA (OMIGSA).

  • Life-stage investing - take member needs into account

    18 Feb  2011

    Over the last few years, an increasing number of retirement funds have elected to offer their members a life-stage investment option, whereby each individual’s savings are invested in a portfolio according to their age and time to retirement.

  • Offshore markets offer good yields for PREtirement savings

    10 Feb  2011

    The slow economic growth and potential weakening of the rand predicted for the year ahead mean that South Africans planning for their retirement should consider diversifying their investments and investing offshore.

  • Two Oceans half marathon entries up for auction

    3 Feb  2011

    Those runners who missed out on an Old Mutual Two Oceans half marathon entry will have the chance to bid for one when 20 entries go up for auction from Thursday 3 February, as part of a major fundraising initiative for the Bobs for Good Foundation, the official event charity.

  • SME’s respond to cheaper, simpler retirement solution

    1 Feb  2011

    South African business owners struggling to retain their top staff in the current tough economic climate are showing a willingness to offer employees some form of retirement benefits, provided the solution is cost effective and simple to administer.

  • Rand the biggest wild card for SA economy in 2011

    25 Jan  2011

    After two years of surprising strength, the rand’s behaviour will probably hold the key to the South African economy in 2011, according to Rian le Roux, chief economist at Old Mutual Investment Group SA (OMIGSA). Although he does expect improved economic growth of around 3.5% for the year ahead, helped by gradual rand weakening, he says the currency’s moves will be the big wild card in determining whether interest rates and inflation remain low to help keep the economy on this positive growth path.

  • Time to diversify offshore, says head of Macro Strategy Investments

    25 Jan  2011

    A strong chance that the rand will depreciate, the logic of diversification, and attractive relative valuations offshore are all significant factors that make 2011 a good time for investors to increase their international equity exposure, according to Peter Brooke, head of Macro Strategy Investments (MSI) boutique at Old Mutual Investment Group SA (OMIGSA). In fact, he believes international equity will be the best performing asset class in real terms over the next five years.

  • Prestigious Choir Festival Crowns National Champions

    10 Dec  2010

    Over 7 000 choral music fans witnessed some of South Africa’s top choirs compete for the national championship titles at the 33rd Old Mutual National Choir Festival Finals this past weekend.&nbsp; Twenty-two choirs from all over the country and Swaziland entertained audiences in the finals, which took place at the University of Free State’s Southern Campus in Bloemfontein.

  • Dibanisa Fund Managers expands its global tracking capabilities

    6 Dec  2010

    Dibanisa Fund Managers, the index tracking specialist in Old Mutual Investment Group SA (OMIGSA), has recently expanded its global tracking capabilities to include the popular MSCI Emerging Markets Index.

  • Don't waste a recession - there are lessons to be learnt

    30 Nov  2010

    At a press conference held today to release the latest findings of their Savings Monitor, Old Mutual sounded an optimistic note that the economy is on the slow road to recovery after the recent recession, with interest rates at their lowest levels since 1974 and inflation falling comfortably within the government’s stated target range of 3 – 6%.

  • Urgent need for financial planning, collaborative savings plan

    30 Nov  2010

    Old Mutual today launched the OMSA Sandwich Generation Indicator, which shows that 23% of South Africa’s working population now falls into the Sandwich Generation, way higher than people in first world economies like the USA/Canada (around 14%), UK (10%) and Japan (6%).

  • OM Investment Group Property Investments leads BEE ratings

    24 Nov  2010

    The role of property as an agent for change has been underscored by the rating of Old Mutual Investment Group Property Investments (OMIGPI) for the second year running as a level 2 BBBEE (Broad-Based Black Economic Empowerment) contributor. The rating, the second-highest possible, was carried out by AQrate, an independent verification agency certified by the DTI.

  • OM Investment Group Property Investments leads BEE ratings

    24 Nov  2010

    The role of property as an agent for change has been underscored by the rating of Old Mutual Investment Group Property Investments (OMIGPI) for the second year running as a level 2 BBBEE (Broad-Based Black Economic Empowerment) contributor. The rating, the second-highest possible, was carried out by AQrate, an independent verification agency certified by the DTI.

  • Eat, Pray, Love and Retire Comfortably

    18 Nov  2010

    Following a traumatic divorce, Elizabeth Gilbert cashed in all her savings and embarked on a year-long sabbatical exploring Italy, India and Bali - a story that has recently been turned into a block-buster movie – Eat, Pray, Love.

  • A new approach to social responsibility investments

    9 Nov  2010

    For many trustees of retirement funds, socially responsible investing (SRI) is becoming an increasingly popular investment strategy that integrates the funds financial objectives with social, governance and environmental objectives.

  • Growing more than just your retirement savings

    4 Nov  2010

    As part of a joint initiative between Old Mutual Corporate and Food &amp; Trees 4 Africa 360 trees were planted at the Alexandra Community Library.

  • Core Equity Investments boutique becomes Toros Equity

    3 Nov  2010

    In line with Old Mutual Investment Group SA (OMIGSA)’s vision of developing a series of autonomous investment businesses, we are pleased to announce that Core Equity Investments has changed its name to Toros Equity from 1 November 2010.

  • Fundamental Index investing proves its value to investors

    26 Oct  2010

    October marks the third anniversary of the launch of the FTSE/JSE RAFI® 40 Index (Research Affiliates Fundamental Index) in South Africa, during which time it has outperformed 75% of all domestic general equity funds - proving that it can be a common-sense option for investors looking for equity exposure.

  • SA consumers reap benefits of emerging markets boom

    26 Oct  2010

    Although recent news headlines have highlighted the negative impact of the strong rand on the SA economy, the current global environment of easy money and low price pressures, along with the economic troubles in many developed countries, is proving to be surprisingly positive for most South African consumers, who are benefiting from exceptionally low interest rates and inflation. And the good news for SA is that these conditions are likely to continue through 2011 and even 2012, barring unforeseen shocks, according to Johann Els, senior economist at Old Mutual Investment Group SA (OMIGSA).

  • Third award in a row for Old Mutual

    25 Oct  2010

    For the third year in a row, customers have voted Old Mutual tops when it comes to customer service excellence in the long-term Insurance industry, says Ask Afrika.

  • Transformation is key to sustainability, says Old Mutual

    22 Oct  2010

    "If South African businesses are to be sustainable in the long-term, it is critical that they operate in an economy in which more South Africans enjoy access and opportunity. This will stimulate growth and increase consumer demand to the benefit of all South Africans. There can be no doubt that broad-based black empowerment is not o¬nly the right and just thing to do, but also makes profoundly good business sense in the long term,” says Crispin Sonn, Director of Corporate Affairs, Communications &amp; Marketing at Old Mutual South Africa (OMSA).

  • Effective risk management vital for retirement funds

    21 Oct  2010

    The international currency war that is underway has once again highlighted how important it is for retirement fund trustees to be aware of the risks that offshore currency exposure can have on retirement funds, and ensure that their portfolios are managed within a strong risk management framework.

  • ELECTUS appoints top fund manager for new fund

    19 Oct  2010

    ELECTUS, one of the specialist investment boutiques within Old Mutual Investment Group SA (OMIGSA), is delighted to announce the appointment of Anwaar Wagner as lead portfolio manager of their new Global Emerging Markets (GEM) equity fund.

  • Old Mutual cautions on the other side of risk

    19 Oct  2010

    When it comes to retirement fund investing, risk is generally viewed by many as the chance of losing capital. However there is another aspect of risk that is equally important – the chance of not making enough capital.

  • Hottest acts at this year's Summer Sunset Concerts

    18 Oct  2010

    As we head into the summer months diarise to be at Kirstenbosch National Botanical Garden every Sunday afternoon from 21 November 2010 to 3 April 2011. This season’s line up of the Old Mutual Summer Sunset concerts features some of the hottest acts in the industry and will appeal to all age groups.

  • Termination of discussions with HSBC Holdings plc

    15 Oct  2010

    Old Mutual plc ("Old Mutual") has been informed today (15 October 2010) that HSBC will not proceed with a partial offer for Nedbank following the expiry of the agreed exclusivity period.

  • OMIGPI fund opens first shopping mall in India

    11 Oct  2010

    The Triangle Real Estate India Fund, a $120 million venture by Old Mutual Investment Group Property Investments (OMIGPI) and ICS Realty, is targeting growth of its portfolio through more partnerships in retail-biased assets now that its first Indian investment, the Prozone Aurangabad Mall, has opened its doors.

  • OMIGPI fund opens first shopping mall in India

    11 Oct  2010

    The Triangle Real Estate India Fund, a $120 million venture by Old Mutual Investment Group Property Investments (OMIGPI) and ICS Realty, is targeting growth of its portfolio through more partnerships in retail-biased assets now that its first Indian investment, the Prozone Aurangabad Mall, has opened its doors.

  • Sovereign Debt Crisis has major implications for South African pension funds

    7 Oct  2010

    While early reaction in the Eurozone seems to have resulted in the worst of the European sovereign debt crisis being averted, the long term ramifications will be widely experienced by ordinary citizens across the globe, including millions of South African pension fund members.

  • Stylish Actuaries Explode Assumptions

    7 Oct  2010

    Inspired by the British movie Calendar Girls, Old Mutual Actuaries have decided to destroy stereotypes, one month at a time, by launching the Old Mutual Actuarial Society (OMAS) 2011 calendar.

  • Volunteerism the key to social development

    5 Oct  2010

    They might spend their days behind desks, counters or in boardrooms, but they’re also willing to step out of their comfort-zones to meet the most pressing needs in their communities.

  • Select Equity Investments changes name to Electus

    4 Oct  2010

    In line with Old Mutual Investment Group SA (OMIGSA)’s pioneering vision of developing a series of autonomous investment businesses, we are pleased to announce that Select Equity Investments will trade under the new name of Electus from 1 October 2010 – making it the first Old Mutual-branded investment boutique to take on its own identity.

  • Tree-preneurs make ‘green jobs’ a reality

    29 Sep  2010

    Small groups of entrepreneurs in rural KwaZulu-Natal, Mpumalanga and Gauteng are earning livelihoods and supporting themselves while helping to green South Africa and reduce the impact of climate change.

  • Development Bank of SA CE appointed to OMLACSA Board

    23 Sep  2010

    Old Mutual Life Assurance Company (South Africa) Limited (“OMLACSA”) announces the appointment of Mr Paul Baloyi, CE of the Development Bank of Southern Africa, to its Board of Directors as an Independent non-executive Director with effect from 22 October 2010.

  • Old Mutual presents The Wellbeing Experience

    16 Sep  2010

    Old Mutual presents The Wellbeing Experience an all-day “experience” for the whole family takes place at the Emmarentia Botanical Gardens, Johannesburg on Sunday 19 September from 8.30am.

  • New Managing Director for Old Mutual Corporate

    13 Sep  2010

    Old Mutual South Africa is pleased to announce the appointment of Bongani Madikiza as Managing Director of Old Mutual Corporate with effect from 01 October 2010. He will succeed Seelan Gobalsamy who resigned to pursue other interests.

  • Makhaya Ntini Academy inspires optimism for the future

    7 Sep  2010

    Children continue to bear the brunt of inter-generational poverty in provinces such as the Eastern Cape which is recorded as having the second highest poverty levels in South Africa. Little hope exists for their futures as poverty is both a cause and consequence of social ills such as teenage pregnancies, substance abuse and crime.

  • New Finance Director for OM SA, emerging markets

    3 Sep  2010

    Old Mutual South Africa (OMSA) and Emerging Markets is pleased to announce the appointment of Katie Murray to the role of Finance Director.

  • Survey reveals interesting findings on proposed changes to Pension Funds Act

    31 Aug  2010

    A recent survey by OMAC Actuaries &amp; Consultants revealed some interesting insight into the views of Retirement Fund Trustees on the draft changes to Regulation 28 of the Pension Funds Act.

  • R12bn Property Fund to be listed on JSE by Old Mutual

    26 Aug  2010

    Old Mutual Investment Group Property Investments (OMIGPI), the property asset management and development arm of Old Mutual SA, is gearing up to list an outstanding blue-chip portfolio of some of South Africa’s most prestigious properties on the JSE.

  • R12bn Property Fund to be listed on JSE by Old Mutual

    26 Aug  2010

    Old Mutual Investment Group Property Investments (OMIGPI), the property asset management and development arm of Old Mutual SA, is gearing up to list an outstanding blue-chip portfolio of some of South Africa’s most prestigious properties on the JSE.

  • Guaranteed Fund continues to grow retirement savings

    25 Aug  2010

    Old Mutual has declared a gross bonus of 6% on its Guaranteed Fund for the period 1 July 2009 to 30 June 2010 – comfortably ahead of the inflation rate of 4.2% for the year. This is the 44th consecutive year of positive returns declared by the group’s longest running Smoothed Bonus Fund for institutional investors.

  • National Choir Festival nominated for BASA Awards

    25 Aug  2010

    Business and Arts South Africa (BASA) has announced the nominees for the 13th annual Business Day BASA Awards, supported by Anglo American which pay tribute to those businesses who are actively making a difference by sponsoring arts and culture events throughout the country.

  • Proposal to acquire a controlling stake in Nedbank Group

    23 Aug  2010

    Old Mutual plc (“Old Mutual”) wishes to announce that it has received a proposal from HSBC Holdings plc (“HSBC”) to acquire a controlling shareholding in Nedbank Group Limited (“Nedbank Group”) (“the proposed transaction” or “the proposal”). The proposal follows a detailed review by Old Mutual Group of its various options with respect to its shareholding in Nedbank Group.

  • Local golfers off to Scotland after winning Finals

    23 Aug  2010

    Some of the country’s avid golfers took part in the 2010 Old Mutual International Pairs National Finals, held from 16 until 19 August at Zebula Golf Estate and Spa, located in Bela Bela in Limpopo.

  • Old Mutual plc announces interim results

    6 Aug  2010

    Commenting on the Old Mutual plc Interim Results for the six months ended 30 June 2010, Julian Roberts, Group Chief Executive, said: “We are very pleased with our performance in the first half of 2010. Our operating results were substantially ahead of the comparative period with strong sales performance particularly in the South African retail markets and in Wealth Management.

  • Women encouraged to flex their financial muscles

    5 Aug  2010

    For many South African women, National Women’s Day is about honouring the memory of the thousands of brave women who marched on the Union Buildings on 9 August 1956 to protest against the infamous Apartheid Pass Laws.

  • There’s no better time to Find Your Balance

    4 Aug  2010

    O, The Oprah Magazine and Old Mutual have joined forces again to host the popular Find Your Balance workshops, this year featuring the magazine’s resident life coach, Martha Beck, for the first time. Events are planned for Johannesburg, Cape Town, Durban and Pretoria

  • Post-World Cup SA urgently needs structural reforms

    27 Jul  2010

    In the aftermath of a highly successful Soccer World Cup, South Africans now need to replicate this excellent performance and dedicate themselves to implementing the difficult structural reforms necessary to achieve the 7% annual economic growth rate the Minister of Finance recently said is required over 20 years to reduce unemployment and poverty meaningfully, according to Rian le Roux, chief economist at Old Mutual Investment Group (SA) (OMIGSA).

  • Today's major trends all point to a low-return world

    27 Jul  2010

    Today’s major global economic and financial trends all point to significantly lower returns from most asset classes over the next decade, making it more important than ever for investors to ensure they save more and include as much equity as possible in their long-term portfolios, according to Peter Brooke, head of Macro Strategy Investments at Old Mutual Investment Group (SA) (OMIGSA).

  • BBBEE deal transforms higher education learning

    21 Jul  2010

    The Old Mutual Education Trust (OMET), established as part of a Broad-based Black Economic Empowerment (BBBEE) deal in April 2005, marked another milestone last week when 25 beneficiaries of scholarships received awards for academic excellence.

  • SA professionals need financial education too

    21 Jul  2010

    While there has been a significant increase in the quality and quantity of financial education offered by South African companies to low to middle income employees, professionals - such as doctors, lawyers and engineers as well as management - are often overlooked, leaving them without the necessary tools to plan for their golden years.

  • Planning ahead shortens the road to financial success

    15 Jul  2010

    The value of long-range financial planning emerged as a key trend in the latest findings of the Old Mutual Savings Monitor, released today, which also shows that despite the easing of the recession, 80% of households surveyed are saving the same or less than they were last year.

  • OM TV commercial does great things at Cannes Festival

    29 Jun  2010

    Old Mutual’s ‘Wisdom’ television commercial has been shortlisted at this year’s Cannes Lions International Advertising Festival, which drew to a close over the weekend.

  • Old Mutual consistently best group risk product provider

    25 Jun  2010

    A recent independent survey by Pricewaterhouse Coopers [PwC] confirmed Old Mutual as the top provider of group risk products in South Africa.&nbsp;

  • Diane Radley appointed as OMIGSA CEO

    21 Jun  2010

    Old Mutual South Africa (OMSA) is pleased to announce the appointment of Diane Radley as Chief Executive of Old Mutual Investment Group South Africa (OMIGSA).&nbsp; The appointment is effective from 1 January 2011.

  • Old Mutual SuperFund to boost retirement savings in SA

    18 May  2010

    In response to the growing need for simple, cost effective and strictly governed retirement solutions, Old Mutual has launched Old Mutual SuperFund, the largest multi-employer or umbrella funds in South Africa with over 300 000 member accounts from more than 5 000 employers.

  • OM Trophy Wine Show: A newcomer ascends the throne

    18 May  2010

    The waiting is over: Tokara, regarded for some time as one of South Africa's premier cellars, celebrated the tenth anniversary of its first bottling by winning the Fairbairn Capital Trophy for the Most Successful Producer at the 2010 Old Mutual Trophy Wine Show.&nbsp;

  • Old Mutual plc Interim Management Statement

    17 May  2010

    Commenting on the Old Mutual plc Interim Management Statement for the three months ended 31 March 2010, Group Chief Executive Julian Roberts, said: "The Group delivered an excellent underlying sales performance during the first quarter, showing a marked improvement on the equivalent period last year and continuing the good recovery that began in the second half of 2009.&nbsp; The UK performance is particularly pleasing, reinforcing our confidence in the position of our Skandia platform model and its prospects for capturing funds.

  • Investments in Africa looking increasingly attractive

    21 Apr  2010

    Investment opportunities across the African continent are looking increasingly attractive across many asset classes including equities, infrastructure and property for those able to take a long-term view.

  • South Africa’s economic growth surprisingly strong

    21 Apr  2010

    The South African economy has come through the first quarter of 2010 with surprisingly strong momentum, with GDP growth likely to top the 3.5% q/q (seasonally adjusted annualised rate - saar) posted in the fourth quarter of 2009, according to Johann Els, senior economist at Old Mutual Investment Group (SA) (OMIGSA).

  • Cape Town is set to experience a Joyous Celebration

    8 Apr  2010

    South Africa’s multi-award winning gospel outfit, Joyous Celebration, will hit the road this May when its annual nationwide concert tour, tied in with auditions for the group, rolls into the Mother City for an evening of sacred contemporary music on May 1, 2010 at His People Centre in Goodwood.

  • New Fund raises US$300m for African Infrastructure Investments

    8 Apr  2010

    African Infrastructure Investment Fund 2, a fund promoted by African Infrastructure Investment Managers (“AIIM”), has announced its first close with unconditional commitments totalling USD $320 million (approximately R2.4 billion) from a high caliber group of seasoned investors.&nbsp; AIIM is a joint venture between Macquarie Capital of Australia (“Macquarie”) and Old Mutual Investment Group of South Africa (“OMIGSA”).

  • Old Mutual Global Index Trackers lists three new funds

    7 Apr  2010

    Old Mutual Global Index Trackers (OMGxT) has announced today the official listing of three new exchange traded funds (ETFs) on the New York Stock Exchange: GlobalShares FTSE All Cap Asia Pacific ex Japan Fund; GlobalShares FTSE All-World ex US Fund; and GlobalShares FTSE All-World Fund. This brings to five the total number of ETFs in the GlobalShares suite of funds offered to US investors.

  • Ensure that you are covered this Easter weekend

    1 Apr  2010

    Due to traffic volumes increases during the Easter weekend, there is an increased risk of accidents on our roads. The Easter 2009 Road Traffic Report states that there was an overall increase in traffic volumes on national roads of 142,259 vehicles (30,31%). The number of fatal crashes over Easter 2009 was 173 and the number of fatalities was 197.

  • Old Mutual launches Retirement Monitor

    24 Mar  2010

    The results of the first Old Mutual Retirement Monitor 2010, which examines pre-retirement perceptions amongst working South Africans, was released today. The Retirement Monitor measures the confidence levels of full time employed metropolitan dwellers as regards to the financial provision they have made for retirement.

  • Member Retirement Confidence Indicator launched

    24 Mar  2010

    OMAC Actuaries and Consultants has launched its inaugural 2009/2010 OMAC Member Retirement Confidence Indicator (MeRCI), which indicates how much confidence members of occupational retirement funds have in their fund’s ability to provide adequately for their needs.

  • Old Mutual Comedy Encounters set to soar with line-up.

    18 Mar  2010

    The 2010 edition of the Old Mutual Comedy Encounters, presented by Heart 104.9fm, has doubled in size and runs over eight consecutive dates this year.

  • OM Encounters presents Sir Elton John

    11 Mar  2010

    Old Mutual Encounter Concerts, Talk Radio 702, 94.5 Kfm and Algoa FM proudly present the return of Elton John to South Africa on 21 March 2010 on his exciting solo tour ‘Under African Skies”. The legendary superstar will be joined in a relaxed, picnic style concert by long-time collaborator and renowned percussionist, Ray Cooper. Be sure not to miss this iconic performance live at the Emmarentia Botanic Gardens, Johannesburg on Sunday 21st March.

  • OM announces strong performance in tough year

    11 Mar  2010

    Old Mutual Plc today announced its 2009 full year results, delivering a strong performance, albeit in challenging market conditions.&nbsp; The Group’s adjusted operating profits before tax were up on 2008 and in its Long-Term Savings division (LTS), which makes up 59% of the Group’s operating profits, were up by 52% to £685m.&nbsp; Sales gained in momentum in the second half of the year as markets improved, with an especially strong performance in the fourth quarter in which life APE sales grew by 29%, with the strongest LTS quarterly sales performance for two years.&nbsp;

  • Soccer World Cup: Wins and possible losses

    5 Mar  2010

    The impact of the Soccer World Cup (SWC) on the SA economy can be broken down into three different phases: before, during and after.

  • OM smoothed funds declare positive returns for 25 years.

    2 Mar  2010

    Despite the volatile global markets in the past three years, the Old Mutual Smoothed Bonus Fund has now seen its 25th consecutive year of positive declarations.

  • Retirement reforms could increase growth of funds

    24 Feb  2010

    As part of the 2010/2011 budget review announced last week, reference was made to the obvious need for an appropriate and affordable retirement savings mechanism for low-income earners.

  • Old Mutual's perspectives on the 2010 National Budget

    18 Feb  2010

    Comment from Kuseni Dlamini, CEO Old Mutual South Africa and Emerging Markets.

  • Budget Speech Competition winners announced

    18 Feb  2010

    Leshoka Masemola, a post-graduate student from the University of Limpopo is this year’s winner in the 37th Nedbank &amp; Old Mutual Budget Speech Competition. Masemola walked away with prize money of R150 000.

  • Taxpayers can still expect some budget relief: OMIGSA

    15 Feb  2010

    Despite this year’s unexpectedly large budget deficit, lower income earners can likely still look forward to some tax relief in the government’s 2010-11 Budget, to be unveiled by Finance Minister Pravin Gordhan on 17 February, according to Johann Els, senior economist at Old Mutual Investment Group SA (OMIGSA).

  • Old Mutual launch budget commentary website

    12 Feb  2010

    In anticipation of Pravin Gordhan’s budget speech for 2010, Old Mutual is giving South Africans the chance to air their views and add their 10 cents worth on the budget by launching an interactive new media website.

  • Old Mutual to ring bells again in New York

    11 Feb  2010

    Old Mutual Investment Group SA (OMIGSA’s) offshore index tracker boutique today lists its second exchange traded fund (ETF) on the New York Stock Exchange.&nbsp; Old Mutual Global Index Trackers (OMGxT) announced today the opening of trading of the GlobalShares FTSE Developed Countries ex US Fund (NYSE code: GSD).

  • Make the most of your retirement tax-concessions

    3 Feb  2010

    We have so many financial obligations in our ‘living for today’ lifestyle that we find it difficult to save. So many of us – even those who are earning salaries and able to work to pay their monthly bills - are still living beyond our means.

  • Celebrate Valentine's Day with OM at Music at the Lake

    1 Feb  2010

    Old Mutual Music at the Lake Concert series will kick-off with a Valentine’s performance by Just Jinjer on Sunday, 14 February 2010 at the Durban Botanic Gardens.

  • Investors should brace for lower returns in next decade

    19 Jan  2010

    South African investors have enjoyed excellent real returns from all asset classes in the “noughties”; however, they’re in for a tougher time in the “terrible teens”, according to Peter Brooke, head of Macro Strategy Investments (MSI), a boutique in Old Mutual Investment Group SA (OMIGSA).

  • SA's economic growth could bring positive surprise

    19 Jan  2010

    Although likely to remain subdued in the opening months of the year, there is a good chance that following the FIFA World Cup economic growth could be surprisingly solid and South Africa could end 2010 with annual GDP growth of over 3% y/y, according to Rian le Roux, chief economist at Old Mutual Investment Group’s Economic Research Unit. This is notably above consensus forecasts.

  • Music Publishing Course introduced at Wits

    11 Jan  2010

    Emerging South African music entrepreneurs have received a welcome boost with the introduction of a targeted music publishing course at Wits University.

  • OM pays tribute to two senior leaders killed in accident

    23 Dec  2009

    Old Mutual is deeply shocked and saddened by the cycling accident in the Southern Cape yesterday that claimed the lives of two of its senior leaders, husband-and-wife Stan and Julie Leslie.

  • Abingdon and St Mary’s win OM School Boat Race

    15 Dec  2009

    UK-based Abingdon School won the first place in this year’s Old Mutual School Boat Race on 12 December 2009 in Port Alfred. St. Mary’s Girls School from Gauteng won the prestigious title in the girls’ race for the third consecutive year.

  • Prestigious choir fest crowns national champs

    14 Dec  2009

    Some 4 000 choral music lovers turned out to witness the country’s top choirs battle it out for the top positions in the 32nd Old Mutual National Choir Festival Finals this past weekend.

  • Tickets to OM National Choir Fest sold out!

    9 Dec  2009

    Tickets to Old Mutual's National Choir Fest are now sold out!

  • OM Global Index Trackers lists emerging markets ETF on NYSE

    9 Dec  2009

    Old Mutual Global Index Trackers (OMGxT), the international index tracking business of Old Mutual Investment Group (SA) (OMIGSA), will become the first-ever African asset manager to list an exchange traded fund (ETF) in the US when it lists its new FTSE-based ETF for emerging markets on the New York Stock Exchange on Tuesday, 8 December.

  • OM scoops Award for ‘Best SA Customer Service Centre’

    2 Dec  2009

    Old Mutual won the ‘Best SA Customer Service Centre’ award at the annual 2009 African Stars Awards for national contact centres held in Port Elizabeth recently.

  • National Choir Festival finals around the corner

    2 Dec  2009

    Some of the country’s top choirs are putting the final touches to their performances for the last leg of the 2009 Old Mutual National Choir Festival, which takes place at the University of Pretoria’s Rembrandt Hall on December 12 and 13.

  • Employers can help overcome Aids, disability at work

    1 Dec  2009

    Although AIDS day on 1 December and Disability Day on 3 December are two separate events, it is appropriate that they fall so closely together, given the growing number of people who are forced to give up work due to AIDS-related illnesses.

  • Consider youngsters in retirement, healthcare reforms

    30 Nov  2009

    In an effort to improve the lives of ordinary South Africans, the country is on the brink of reforming both the retirement and health sectors.

  • Masisizane

    27 Nov  2009

    Masisizane, or “let’s help each other”, is a set of development initiatives aimed at supporting national economic transformation.

  • OM National Choir Fest Gauteng Regional Champs results in..

    27 Nov  2009

    Voices of the North from Seshego won the standard category at the Old Mutual National Choir Festival Regional Championship held in Polokwane Jakes Botes Hall on Sunday, August 30. Limpopo SAPS Choir from Thohoyandou took first prize in the large category at these championships to secure spot in the finals.

  • OM National Choir Fest Free State Regional Champs results in..

    27 Nov  2009

    Dolce Piacevole Choristers, Thabong Serenade Choral Society emerge top in Free State Old Mutual National Choir Fest Regional Champs.

  • OM Savings Monitor provides insight into savings habits

    25 Nov  2009

    Awareness of the need to save does not necessarily influence positive savings behaviour, nor does the fear of not having enough savings for that rainy day, the Old Mutual Savings Monitor research has found.

  • Masisizane Fund, Land Bank assist emerging farmers

    20 Nov  2009

    Agricultural co-operatives and emerging farmers will take heart from today’s announcement that the Masisizane Fund, an Old Mutual affiliated company, has signed a Memorandum of Understanding with the Land Bank to accelerate rural economic development.

  • Important lessons for Retirement Funds

    18 Nov  2009

    It’s been just over twelve months since Lehman Brothers failed, proving to be the catalyst for a series of events that came close to destroying the world’s financial system. With huge volatility in stock markets on both local and global markets, the past year has been an especially difficult time for pension funds, many of whose members have the bulk of their life savings invested in them.

  • NCF Order of Performance announced

    16 Nov  2009

    The Old Mutual National Choir Festival announced the order of performance for the upcoming National Finals scheduled to take place on 12 and 13 December 2009.

  • OM’s ongoing commitment to customers, staff in Zim

    11 Nov  2009

    Old Mutual has operated in Zimbabwe for the past 107 years. The business has withstood significant challenges through this period of time, such as both World Wars, the Unilateral Declaration of Independence (UDI) period, a liberation struggle, as well as the drought years. We are proud that our business has proved resilient over these years, given significant operational difficulties.

  • Old Mutual plc Interim Management Statement

    5 Nov  2009

    Commenting on the Old Mutual plc Interim Management Statement, Julian Roberts, Group Chief Executive, said "The Group has delivered a good sales performance during the third quarter, a marked improvement on the first half of the year, as the pick-up in the investment market has led to increased equity allocation by our clients. This trend has continued into the fourth quarter, although consumers and asset allocators remain cautious. We expect market conditions to remain volatile.

  • Looks like a good time to invest offshore

    4 Nov  2009

    Finance minister Pravin Gordhan announced last week that the once-off foreign investment allowance for individuals has been increased to R4 million. “With the stronger Rand and the growth potential in emerging markets, it looks like a good time to invest offshore,” believes Stanley Tordiffe, chartered accountant and financial planner at Old Mutual Private Wealth Management.

  • Women should secure their financial health

    28 Oct  2009

    One in seven women will contract breast cancer, says the American Cancer Society. But there is hope - 95% of them will survive the illness if it is detected early. Apart from the emotional trauma associated with an illness such as cancer, however, medical and other expenses can create additional stress in a person’s life.

  • OM presents Learner Husband at the Baxter

    27 Oct  2009

    Old Mutual is proud to present Learner Husband - a one man show created, by comedian Stuart Taylor and director Heinrich Reisenhofer.

  • Top school Dendron Secondary does Limpopo proud

    27 Oct  2009

    One of just six SA townships schools to be named in the newly published Sunday Times Top 100 Schools is Dendron Secondary School in Limpopo, a school supported by the Old Mutual Foundation’s Dinaledi schools programme.

  • Old Mutual scoops ‘Top platform’ award

    21 Oct  2009

    Skandia Investment Solutions (SIS), a member of the Old Mutual Group, has won the ‘best fund platform’ award at the UK Platform Awards 2009 recently.

  • SA likely to escape recession in Q3 2009

    20 Oct  2009

    Recent economic data are pointing to the likelihood that South Africa came out of recession during the third quarter of 2009, with third quarter GDP data likely to show economic growth of around 2.0% ((on a seasonally adjusted annualised (saar) basis)), according to Johann Els, senior economist at Old Mutual Investment Group SA.

  • SA likely to escape recession in Q3 2009

    20 Oct  2009

    Recent economic data are pointing to the likelihood that South Africa came out of recession during the third quarter of 2009, with third quarter GDP data likely to show economic growth of around 2.0% ((on a seasonally adjusted annualised (saar) basis)), according to Johann Els, senior economist at Old Mutual Investment Group SA.

  • Corporate bonds to offer superior returns

    20 Oct  2009

    With interest rates expected to remain near their current low levels for an extended period of time and the outlook for government bonds discouraging, corporate bonds are expected to remain an attractive sub-asset class over the medium-term for investors looking for income, according to Wikus Furstenberg, a portfolio manager at Futuregrowth Asset Management, South Africa’s largest fixed income asset manager and a boutique in Old Mutual Investment Group SA (OMIGSA).

  • Corporate bonds to offer superior returns

    20 Oct  2009

    With interest rates expected to remain near their current low levels for an extended period of time and the outlook for government bonds discouraging, corporate bonds are expected to remain an attractive sub-asset class over the medium-term for investors looking for income, according to Wikus Furstenberg, a portfolio manager at Futuregrowth Asset Management, South Africa’s largest fixed income asset manager and a boutique in Old Mutual Investment Group SA (OMIGSA).

  • Offshore investing: A lost decade, but don't give up now

    20 Oct  2009

    South Africans who put their savings into offshore equity markets when exchange controls were eased in the late 1990s have been badly disappointed over the past decade: the MSCI World Index has returned 2.8% per year in rand terms and the average SA unit trust in the Foreign Equity sector returned only 3.3% per year in the 10 years to 30 September 2009, leaving investors with little to show for their offshore portfolios.

  • Trustees turn their attention to pensioners

    16 Oct  2009

    With a growing number of South African pension funds having finalised their surplus apportionment exercises, trustees are turning their attention to using any remaining surplus to improve the financial position of their pensioners.

  • OM scoops ‘Best SA Customer Service Centre’ award

    16 Oct  2009

    Old Mutual was awarded first place in the ‘Best SA Customer Service Centre’ category at the 5th annual BpeSA Western Cape Contact Centre Awards recently.

  • 2009 Soul Sessions well received all round

    13 Oct  2009

    This year’s Old Mutual Soul Sessions received a phenomenal response from audiences in the three cities; all venues in were full to capacity as a cross section of speakers, comprising retirement industry experts, lifestyle gurus, motivational speakers and a comedian shared with the audience their unique views on life, the secrets to their success as well as entertaining the audiences. “We are extremely pleased with the outcome of this year’s Soul Sessions.&nbsp; <BR>

  • EC Choristers, Joy of Africa win EC OM NCF Regional Champs

    11 Oct  2009

    EC Choristers, Joy of Africa win EC Old Mutual National Choir Fest Regional Champs.

  • Clermont Community Choir, SA Singers take top prizes at the KZN OM NCF Regional Champs

    29 Sep  2009

    Clermont Community Choir, SA Singers take top prizes at the KZN OM NCF Regional Champs.

  • Durban Soul Sessions - a resounding success

    29 Sep  2009

    The success of the Durban leg of Old Mutual Sessions is a continuation of the overwhelming response that the sessions have managed to achieve as industry experts shared their secrets of success through inspiring presentations and discussions covering various topics. ‘If you can imagine it, you can achieve it,’ this year’s theme for Old Mutual Soul Sessions.

  • New dawn at Old Mutual Actuaries and Consultants

    29 Sep  2009

    Old Mutual Actuaries and Consultants (OMAC), one of South Africa’s leading providers of actuarial and consulting services to retirement funds, is proud to unveil its refreshed brand identity as part of a new journey for the business.

  • OM and Dept. of Arts and Culture enter "crafts" partnership

    23 Sep  2009

    Emerging craft initiatives are to become a key driver in addressing poverty alleviation and skills development in vulnerable communities through a strategic partnership between government and the corporate sector.

  • UWC Choir and Thembalethu Adult Choir take honours at Western Cape OM NCF Regional Champs

    20 Sep  2009

    UWC Choir won the standard category at the Old Mutual National Choir Festival Regional Championship at the University of the Western Cape Great Hall on Sunday, September 20. Thembalethu Adult Choir first prize in the large category at these championships to secure their appearance at the Old Mutual National Choir Festival.

  • Royal Swazi Spa Choir and Manzini Choir triumph in Swaziland NCF Regional Champs

    20 Sep  2009

    Royal Swazi Spa Choir won the standard category at the Old Mutual National Choir Festival Regional Championship the Convention on Sunday, October 4. Manzini Choir took first prize in the large category at these championships to secure their appearance at the Old Mutual National Choir Festival.

  • OM Soul Sessions - Jo'burg, a great success

    16 Sep  2009

    The 2009 Old Mutual Soul Sessions kicked off on Saturday, 5 September at “The Venue” in Melrose Arch.&nbsp; This year’s Soul Sessions was sold out and indeed in true Old Mutual style, a resounding success. The theme for 2009 is ‘If you can imagine it, you can achieve it.’

  • NWU Serenaders,Molopo Choral Artists sweep prizes at Northern Cape OM NCF Regional Champs

    13 Sep  2009

    NWU Serenaders,Molopo Choral Artists sweep prizes at Northern Cape Old Mutual National Choir Festival Regional Champs.

  • OM National Choir Fest Gauteng Regional Champs results in..

    7 Sep  2009

    VUT Choir, Voices of the Nation win tops at Gauteng Old Mutual National Choir Fest Regional Champs.<br><br><br>

  • Solving the retirement fund puzzle

    7 Sep  2009

    Being a trustee of a pension fund is a lot like trying to solve a Rubik’s Cube. Each task confronts myriad possibilities and permutations that must be taken into account in order to be correctly completed.

  • Largest commercial property deal in years

    4 Sep  2009

    Old Mutual Life Assurance Company of South Africa (OMLACSA), current owner of the premier retail properties, Menlyn Park Shopping Centre in Pretoria and Cavendish Square and Connect Shopping Centre in Cape Town, has signed sale agreements in respect of 50% undivided ownership interests in these properties with Pareto Ltd., for a purchase price of close to R2.5 billion.

  • Gauteng Reg. Champs for National Choir Festival sold out

    4 Sep  2009

    The Gauteng Regional Championships of the Old Mutual National Choir Festival is sold out and patrons are advised not to travel to Tshwane unless they have already purchased their tickets.

  • Old Mutual produces ‘best writing’

    2 Sep  2009

    Amicus, the employee magazine of Old Mutual South Africa, won the Best Writing category at the annual SA Publication Forum awards held at Gallagher Estate, Gauteng o­n Friday, 28 August 2009.

  • Course for Choral Directors

    1 Sep  2009

    A course for choir directors will take place in Bloemfontein from 1 - 4 October, 2009.

  • Fund declares positive bonus for 43rd consecutive year

    1 Sep  2009

    In a 12 month period characterised by significant market volatility and severe losses in the retirement savings of many investors, the Old Mutual Guaranteed Fund - the group’s longest running Smoothed Bonus Fund for institutional investors - has o­nce again delivered a positive bonus declaration.

  • OM National Choir Fest Gauteng Regional Champs results in..

    1 Sep  2009

    Voices of the North from Seshego won the standard category at the Old Mutual National Choir Festival Regional Championship held in Polokwane Jakes Botes Hall on Sunday, August 30. Limpopo SAPS Choir from Thohoyandou took first prize in the large category at these championships to secure spot in the finals.

  • New partnership to grow SMMEs, stimulate further job creation

    27 Aug  2009

    Existing and aspiring entrepreneurs received a positive boost following today's announcement of the partnership between Seda, the Masisizane Fund and Old Mutual Foundation, which aims to provide small, medium and micro enterprises (SMMEs) with non-financial and critical financial support.

  • Retrenchment assistance in tough times

    25 Aug  2009

    The slowdown in the local economy has unfortunately resulted in staff retrenchment becoming a very real possibility at many South African companies. Over the last few months, thousands of workers have already lost their jobs, with 300 000 more employees across a range of industries expected to be retrenched before the end of 2009.

  • OMIGSA appoints Brian Pyle head of Investment Research

    21 Aug  2009

    Old Mutual Investment Group (OMIGSA) has appointed Brian Pyle, currently OMIGSA’s sector head of small cap research, as the new head of Investment Research, effective immediately. His responsibilities will include managing OMIGSA’s Investment Research team of 16 other analysts, the Economic Research Unit (ERU) and Quantitative Research.

  • OM National Choir Fest Free State Regional Champs results in..

    17 Aug  2009

    Dolce Piacevole Choristers, Thabong Serenade Choral Society emerge top in Free State Old Mutual National Choir Fest Regional Champs

  • Gap in retirement savings persists between men and women

    6 Aug  2009

    While women in South Africa have made tremendous strides towards equality in the workplace over the last few years, there remains a large under-provision for retirement savings compared to their male counterparts.

  • Old Mutual plc 2009 Interim Results

    5 Aug  2009

    Commenting on the Old Mutual plc Preliminary Results, Chief Executive Julian Roberts said that Old Mutual has delivered a creditable performance despite continued volatility in equity markets, and has taken a number of decisive actions in line with the strategic priorities we set out in March.

  • Mpumalanga Choral Artists & Africa Sings Choral Society win OM NCF Mpumalanga Reg Champs

    2 Aug  2009

    Mpumalanga Choral Artists from Mhluzi in Middelburg won the standard category at the Old Mutual National Choir Festival Regional Championships held in Nelspruit, Mpumalanga on Sunday, August 2 at the Tshwane University of Technology.&nbsp; Africa Sings Choral Society from Emalahleni took first prize in the large category at these championships.

  • OM Money Market Fund crosses the R10bn mark

    30 Jul  2009

    Old Mutual’s top performing money market unit trust fund has grown to over R10bn in size on the back of continued strong performance and keen interest from investors concerned about risk. The Old Mutual Money Market Fund ranks as a top quartile performer over the one-, two- and three-year periods ending 30 June 2009.

  • OM cautions retrenched workers to retain death cover

    29 Jul  2009

    With an estimated three hundred thousand South Africans expected to be retrenched in 2009, there has been a lot of advice to people who have lost their jobs around the importance of preserving retirement savings. While this is obviously crucial, what’s often not mentioned is the impact that leaving an employer can have on your life cover.

  • Bloem Celtic beat Black Aces in tough Mangaung Cup final

    27 Jul  2009

    Bloemfontein Celtic walked away with honours at the Mangaung Cup on Sunday with a nail biting 3-2 victory over a resilient Mpumalanga Black Aces.

  • OM Mangaung Cup set to turn up heat in the Free State

    24 Jul  2009

    The third Old Mutual Mangaung Cup has all the ingredients for a tremendous tournament. The savings and investment company is the official financial solutions partner to Ajax Cape Town, Bloemfontein Celtic and Moroka Swallows.&nbsp; These three sponsored teams will be joined by PSL newcomers Mpumalanga Black Aces, to compete in the 2009 event at Botshabelo Stadium on Sunday 26th July 2009.

  • OM High Yield Opportunity Fund investors in for windfall

    23 Jul  2009

    Investors in the Old Mutual High Yield Opportunity Fund are in for a windfall after the managers of this unit trust – Value Equity Investments, a boutique in Old Mutual Investment Group (SA) – produced a 53% increase in its distribution in July compared to July 2008.

  • In the quest for yield, don't bet against world recovery

    21 Jul  2009

    With real interest rates both locally and globally expected to remain unattractively low (and even negative) for quite a long time, it’s a mistake for investors to continue to bet on cash for real returns - in effect this is a bet against the world economic recovery, according to Peter Brooke, head of Macro Strategy Investments at Old Mutual Investment Group (SA) (OMIGSA). <br>

  • Economic recovery delayed until 2010

    21 Jul  2009

    Near-term prospects for South Africa’s economic growth remain poor, with GDP expected to have contracted again in the second quarter of 2009 and only a moderate improvement seen during the second half of the year, according to OMIGSA chief economist Rian le Roux. In fact, he says, although some tentative signs of stabilisation have emerged over the last few weeks, the local economy is unlikely to see a decent recovery until next year.

  • New survey assists Trustees to choose beneficiary funds

    21 Jul  2009

    Old Mutual Actuaries and Consultants (OMAC) has announced the launch of a new Beneficiary Fund Benchmarking Survey designed to help trustees choose a service provider that best suits their needs.

  • Regional champs for top choral event begin in August

    20 Jul  2009

    August sees the start of the regional championships of the country’s top choral music as the Old Mutual National Choir Festival kicks off.&nbsp; The first event is scheduled for Sunday, August 2, and will take place at the Tshwane University of Technology Nelspruit Campus in Mpumalanga.

  • Old Mutual South Africa appoints new CEO

    17 Jul  2009

    Leading financial savings and investment giant Old Mutual South Africa (OMSA) today announced the appointment of Kuseni Dlamini as Chief Executive Officer to succeed Paul Hanratty. Hanratty was recently appointed as the Chief Executive of the Old Mutual plc Long Term Savings division.

  • Umbono changes its name to Dibanisa Fund Managers

    16 Jul  2009

    Umbono Fund Managers, the specialist index tracking boutique within Old Mutual Investment Group (SA) (OMIGSA)’s suite of investment managers with almost R40bn in assets under management, is changing its name to Dibanisa Fund Managers. At the same time, Umbono is launching a new and pioneering international index tracking capability – Old Mutual Global Index Trackers.

  • OM launches Financial Wellbeing Programme

    15 Jul  2009

    Insufficient savings levels and the tendency for employees to cash in their retirement savings when changing jobs mean that as few as six out of every one hundred South Africans are able to retire comfortably.

  • It's all systems go for the third OM Mangaung Cup

    14 Jul  2009

    In a move that seeks to provide a platform for its sponsored teams to prepare for the new soccer season, Old Mutual (South Africa) will once again host the Old Mutual Mangaung Cup&nbsp; – a football festival in the Free State, which will take place at the revamped Botshabelo Stadium on Sunday, July 26, 2009.

  • Surviving a funeral requires much more than just money

    8 Jul  2009

    Benjamin Franklin once said that nothing is certain except death and taxes. The death of a loved o­ne is often the most traumatic event we face in the cycle of life, emotionally and financially. Although many South Africans have funeral policies, most do not realise that a funeral requires much more than just money.

  • The mint makes it first, you need to make it last

    6 Jul  2009

    Over-indebtedness, insufficient retirement savings and poor financial education should jolt South Africans into action if the country is to fund its investment and growth.

  • Three new funds available through Old Mutual Unit Trusts

    2 Jul  2009

    As a result of the acquisition of Futuregrowth by Old Mutual Unit Trusts (OMUT), and the subsequent amalgamation of their business and fund offerings, there are three new funds available on the OMUT platform.

  • Tough times highlight case for pensioner outsourcing

    2 Jul  2009

    Thousands of South African businesses are facing unprecedented financial challenges. For example, figures released by Statistics South Africa show that company liquidations increased by 70% over the last year. The case has become far stronger for retirement funds to lower the risks associated with paying pensions.

  • Investment opportunity beckons for OM in Africa

    23 Jun  2009

    The rapidly growing middle class across Africa, low financial services penetration and demonstrated need for financial solutions present a viable investment opportunity for Old Mutual to expand o­n the continent.

  • OM turns everyday spending into instant investments

    8 Jun  2009

    In the current economic environment, consumers are finding it increasingly difficult to make ends meet – let alone finding ways to save. Old Mutual has launched an investment credit card that will ensure customers' everyday spend makes them instant investors.

  • Trustees should not be caught off-guard by retrenchment exercises

    3 Jun  2009

    As the effects of the credit crisis work their way through the South African economy and investment markets, spare a thought for retirement fund trustees whose world is different nowadays. Trustees are being asked very challenging questions by their members while coming to terms with a rapidly changing environment.

  • Nederburg consolidates its 2008 triumph

    1 Jun  2009

    Nederburg repeated its 2008 success when the Paarl cellar again won the Fairbairn Capital Trophy for the Most Successful Producer at the 2009 Old Mutual Trophy Wine Show.

  • OM's critical illness disclosure provides 100% certainty to customers

    28 May  2009

    Following the recent move in the industry to standardise critical illness disclosures, Old Mutual announced this week that its Greenlight risk solution will disclose on quotations provided to customers the 100% cover that it offers on the four core dread illnesses according to new industry-standard definitions.

  • Why MTN is a better bet than Vodacom

    25 May  2009

    With Vodacom’s listing on the JSE this week, investors will for the first time have a straight up choice on which of South Africa’s two cellular giants to include in their portfolios.

  • Strong rand poses risks amid weak economy

    28 Apr  2009

    The current strengthening trend of the rand, and the possibility that it could gain further ground over the coming months, poses risks to the South African economy, according to Rian le Roux, chief economist at Old Mutual Investment Group (SA) (OMIGSA).

  • SA equities not cheap despite bear market – big rally not likely

    28 Apr  2009

    Surprisingly, despite the sharp declines experienced in the past year, the local equity market has never been truly “cheap”, with the current level probably representing fair value, according to the extensive valuation analyses done by Old Mutual Investment Group SA (OMIGSA), reports Steve Minnaar, Head of the Group’s Investment Research team. As a result, investors anticipating a big general equity rally driven by fundamental valuations in the coming months are likely to be disappointed.

  • Joyous Celebration launches 13th CD to CT audiences

    17 Apr  2009

    Old Mutual Joyous Celebration is set to launch its 13th Double Disc to Cape Town audiences on 9 May 2009, at GrandWest Casino.<br>

  • Old Mutual's support lifts maths and science pass rates in Limpopo

    14 Apr  2009

    On 8 April 2009, Old Mutual launched R420 000 worth of support for Dendron Secondary School in a bid to shore up maths and science pass rates in one of the remotest areas of Limpopo.

  • Old Mutual pensioners weather volatile markets

    7 Apr  2009

    The 90 000 people who receive with-profit pensions from Old Mutual can look forward to an increase in their monthly pension payments in 2009 that offsets at least some of the effects of inflation, despite the volatile equity markets last year.

  • Old Mutual Joyous Celebrations kicks off tour

    7 Apr  2009

    The renowned gospel group Joyous Celebrations will commence their four city “Life Celebration” tour at the Pretoria State Theatre this Easter weekend, the 9th until the 12th April 2009.

  • Notification of a Benchmark Change

    18 Mar  2009

    STATS SA has revised their inflation measure from the Consumer Price Index excluding the interest rate component on housing bonds (CPIX) to the Consumer Price Index (CPI). This adjustment is to ensure that the South African Reserve Bank’s (SARB’s) inflation target is a truer reflection of consumer spending. A major difference though, is that rather than including bond-related interest rates the CPI now prices in Owners’ Equivalent Rental (OER).

  • Goldfish to play extra concert at Kirstenbosch

    11 Mar  2009

    Super duo 'Goldfish' take the stage at Kirstenbosch on Sunday April 12 for an additional concert in the Old Mutual Summer Sunset series.

  • SA Q4 GDP points to “front loading” rate cuts

    24 Feb  2009

    Today’s poor data showing a 1.8% quarter-on-quarter contraction in South Africa’s GDP during the fourth quarter of 2008, the first such quarterly decline in more than a decade, confirms that the economy has been hard hit by the combination of the rise in interest rates during 2006/8 and, more recently, the global economic slump, according to OMIGSA chief economist Rian le Roux.

  • Manuel likely to lift budget deficit to 3.0% of GDP

    10 Feb  2009

    After sticking to a very disciplined fiscal policy (by international standards), with budget deficits of under 2% of GDP since 2005/06, Finance Minister Trevor Manuel is likely to unveil a more expansionary budget policy for 2009/10 and the years ahead as he is obliged to increase the deficit in the wake of the global economic slowdown and dramatic fall-off in South Africa’s inflation and growth since the October 2008 Medium-Term Expenditure Framework (MTEF), according to Johann Els, senior econ

  • SARB’s 100bp rate cut widely expected

    5 Feb  2009

    Old Mutual has welcomed today’s 100-basis point (bp) interest rate cut by the South African Reserve Bank (SARB), having anticipated it for some time now.

  • OM funds win two certificates at Raging Bull Awards

    30 Jan  2009

    The Old Mutual Income Fund and Old Mutual Mining & Resources Fund R won certificates for top straight performance in their respective categories for the three years ended 31 December 2008 at this year’s Raging Bull Awards.

  • Conditions set to improve in second half of 2009

    27 Jan  2009

    Despite slowing growth and rising unemployment, South Africa is likely to weather the very difficult worldwide economic conditions ahead for 2009 better than many other countries, with conditions for many South Africans improving in the second half of the year, according to Old Mutual Investment Group SA (OMIGSA) Chief Economist Rian le Roux.

  • Start putting your money to work in equities

    27 Jan  2009

    Even though it’s certain that market volatility will be high and there will be lots of bad news over the next year or so, if you have a long-term investment horizon it’s a good idea to take advantage of the relatively strong long-term return prospects of equities and add them to your portfolio now, according to Peter Brooke, head of Macro Strategy Investments at Old Mutual Investment Group SA (OMIGSA).

  • Seek lower-cost products in lower-return environment

    27 Jan  2009

    These days, the issue of fees paid for investment products has become even more important for investors, given that costs will most likely have a far greater negative impact on investment performance in what is forecast to be a far lower- return environment over the medium-term, according to Craig Chambers, Deputy MD of Umbono Fund Managers.

  • Dynamic Floor Fund - A shield in turbulent times

    26 Jan  2009

    While recent market volatility has seen equity markets drop by 23.2% over one year to 31 December 2008, investors in the Old Mutual Dynamic Floor Fund have enjoyed some protection from this volatility.

  • New pricing rules for tracker funds

    15 Jan  2009

    Two index tracker unit trusts are changing their month-end pricing times. On the last working day of every month the Old Mutual Umbono Top 40 Fund and the Old Mutual Umbono RAFI® 40 Tracker Fund will be priced at 17h00, as opposed to 15h00.

  • The falling interest rate cycle has begun

    11 Dec  2008

    Today’s much-anticipated 50bp interest rate cut by the South African Reserve Bank (SARB) was a welcome move and a piece of good financial news for consumers, markets and the economy generally.

  • Choirs crowned champions in OM's prestigious choir fest

    9 Dec  2008

    Over 5 000 choral music supporters packed the Heartfelt Arena in Tshwane to see SA’s top choirs battle it out in the 31st Old Mutual National Choir Festival Finals this past weekend.

  • SA's top choirs compete at National Choir Fest Finals

    4 Dec  2008

    Some of SA's top choirs to converge in the City of Tshwane where they will compete in the Old Mutual National Choir Festival National Finals.

  • SA interest rate cuts expected sooner rather than later

    20 Nov  2008

    The South African Reserve Bank (SARB) is likely to begin lowering interest rates much earlier than previously expected and the urgency for a cut already at the next Monetary Policy Committee meeting o­n 11 December is building, according to Rian le Roux, chief economist at Old Mutual Investment Group (SA) (OMIGSA).

  • Getting to grips with market volatility

    11 Nov  2008

    Watching the market over the last number of weeks has left many investors breathless. What is happening and why?

  • NCF Conductors' Briefing 1 to 2 Nov

    22 Oct  2008

    The National Choir Festival's conductors’ briefing is primarily a workshop for the national finalists where the prescribed orchestra for the choirs meets the conductors and talks through how they will perform together at the <a href="/about-us/sponsorship/arts-and-lifestyle/national-choir-festival/the-competition/national-finals.aspx">National Finals</a>.

  • Old Mutual welcomes High Court ruling

    15 Oct  2008

    Old Mutual welcomes the judgment handed down in the Durban High Court today upholding the savings and investment company’s appeal against the determination of the Pension Funds Adjudicator in the Mungal and Freeman cases.

  • Oxygen Medical Scheme's 2009 Benefit Structure

    13 Oct  2008

    As part of its 2009 benefit structure review, Oxygen Medical Scheme has announced that it has extended its “pay for the first child and the rest are free” offer to all its benefit options for 2009. In 2008, o­nly six of its nine options enjoyed this cover.

  • Falling inflation set to bolster SA economy

    10 Oct  2008

    With 2008 having been dominated so far by negative factors from both home and abroad, the good news for investors now is that the South African economy has probably weathered the worst of the storm...

  • OM Group’s staff wage war o­n poverty and social skills

    3 Oct  2008

    Nedbank and Old Mutual yesterday honoured their staff volunteers at the 2008 Old Mutual / Nedbank Staff Community Builder Awards held at the Walter Sisulu Square in Kliptown.

  • OM provides advice to retirement funds in wake of crisis

    3 Oct  2008

    The global financial crisis in international markets has caused much uncertainty amongst South Africans concerned about the effects of these events o­n their retirement funds. Seelan Gobalsamy, Executive General Manager at Old Mutual Corporate provides answers to the typical questions currently being asked by retirement fund members and trustees. <br>

  • Masisizane Fund powers women enterprise development

    2 Oct  2008

    Women entrepreneurs in the peri-urban and urban areas of South Africa are getting a shot in the arm from the Masisizane Women’s Enterprise Fund.

  • Masisizane Fund powers women enterprise development

    2 Oct  2008

    Women entrepreneurs in the peri-urban and urban areas of South Africa are getting a shot in the arm from the Masisizane Women’s Enterprise Fund.

  • Old Mutual-Kerr partnership targets mixed use projects

    2 Oct  2008

    A partnership by the Kerr Group, a Pretoria-based property development company, and Old Mutual Investment Group Property Investments will undertake a range of sustainable mixed used projects throughout South Africa over the next 10 years.

  • Fairbairn Capital Service Centre hours to change

    1 Oct  2008

    The Fairbairn Capital Service Centre hours will be changing from 1 October 2008.

  • OM’s guidelines for investing during global turbulence

    29 Sep  2008

    The US Sub prime crisis has caused global market turbulence that makes even seasoned investors uncomfortable.

  • OM MD Paul Hanratty comments on market developments

    19 Sep  2008

    You will all be aware of the significant challenges in the international financial markets at the moment, especially in the United States, as well as the particular issues we have been addressing in our group’s life operations in the USA and Bermuda. Some of you have raised the question, or may be wondering, about possible impact these might have on Old Mutual in South Africa.

  • Skandia’s investment power harnessed for SA market

    18 Sep  2008

    Old Mutual has brought in Skandia’s investment management operations to enhance the fund range available to South Africans keen to invest offshore.

  • OM prepares advisers for new regulations o­n commission

    17 Sep  2008

    Old Mutual recently announced that its plans are o­n track to comply with the regulations o­n commission and early termination values gazetted by government for implementation on 1 January 2009.

  • Keep the emotion out of investing

    17 Sep  2008

    The response by investors to the current volatility in global stock markets highlights the dangerous tendency for investors to make decisions based o­n emotion, rather than reason.

  • Making sense of retirement fund risk

    16 Sep  2008

    A lack of financial education, industry jargon and seemingly complex investment and risk products have resulted in a large number of retirement fund trustees believing that they do not have the experience or skill to manage their fund’s financial risks. <br>

  • Gauteng Choristers & VUT Choir walk away with Regional Champs

    15 Sep  2008

    VUT Choir won the Standard Category at the Old Mutual National Choir Festival Regional Championships held at Vereeniging Town Hall on Sunday, September 14. Gauteng Choristers broke all records as they will represent Gauteng Province at the National Finals for the tenth year without a break.

  • International learnings key to local pension reform

    12 Sep  2008

    When considering the implementation of the proposed National Social Security Fund, South Africa should take cognisance of key learnings from other countries that could be adapted and applied to suit the local environment.

  • OM Chief Executive, Jim Sutcliffe, resigns

    10 Sep  2008

    Old Mutual plc today announces that Jim Sutcliffe, Chief Executive, has decided to step down with immediate effect. The Board has accepted his resignation.

  • OM plans are on track for new Commission Regulations

    9 Sep  2008

    Old Mutual today announced that its plans are o­n track to comply with the new regulations o­n commission and early termination values gazetted by government for implementation on 1 January 2009.

  • UWC Choir & Metrorail Choir take WC honours

    8 Sep  2008

    UWC and Metrorail Choir take honours at the Western Cape Regional Finals for the National Choir Festival.

  • Gauteng choirs fight for regional title

    5 Sep  2008

    The Gauteng Regional Championships of the annual Old Mutual National Choir Festival will take place on Sunday 14 September at Vereeninging Town Hall.

  • Where there's a Will, there's a way

    3 Sep  2008

    An essential part of any well-constructed financial plan should be a legally valid Will.

  • Galeshewe Marvellous Voices & NC Choristers win NC Regional Champs

    1 Sep  2008

    Galeshewe Marvellous Voices from Galeshewe won the Standard Category at the Old Mutual National Choir Festival Regional Championships held at Northern Cape Theatre in Kimberley on Sunday, August 31. Northern Cape Choristers also from Galeshewe took first prize in the Large Category at this championship both making their third appearance in the National Finals.

  • Re-assess your financial priorities in tough times

    1 Sep  2008

    Rising inflation, interest rate hikes and food costs all take their toll on the pockets of South African consumers. There are some consumers so focused on living well that they are spending tomorrow’s salary today.

  • Disability to be seen as natural part of life, business

    28 Aug  2008

    As an estimated 12% of our population are persons with a disability, employers need to see disability as a natural part of life and business.

  • SA Comp authorities approve Futuregrowth acquisition

    28 Aug  2008

    The SA Competition authorities (Competition Commission and Competition Tribunal) have approved Old Mutual Investment Group SA (OMIGSA)’s acquisition of WIPHOLD's 69% stake in Futuregrowth Asset Management. The approval was granted with no conditions attached. The parties will now start the implementation phase of the transaction. <br>

  • Mayibuye I-Afrika Choir & Sounds of Joy Chorale win KZN Regional Champs

    25 Aug  2008

    Mayibuye I-Afrika Choir from Pietermaritzburg won the Standard Category at the Old Mutual National Choir Festival Regional Championships held at Pietermaritzburg City Hall on Sunday, August 24. Sounds of Joy Chorale from Durban took first prize in the Large Category at these championships with both choirs making their first time at the National Finals.

  • WC choirs to fight it out at Regional Champs

    25 Aug  2008

    The Regional Championship of the annual Old Mutual National Choir Festival will take place on Sunday 7 September at the University of the Western Cape in Bellville Cape Town.

  • Kwa-Zulu Natal choirs fight to survive at Regional Champs

    18 Aug  2008

    The Regional Championships of the annual Old Mutual National Choir Festival will take place on Sunday 24 August 2008 at Pietermaritzburg City Hall.

  • Northern Cape choirs to battle it out at Regional Champs

    18 Aug  2008

    The Regional Championships of the annual Old Mutual National Choir Festival will take place on Sunday 31 August 2008 at the Northern Cape Theatre.

  • EC Choristers & Sakhabengoma Choral Society take honours

    18 Aug  2008

    Eastern Cape Choristers from East London won the standard category and Sakhabengoma Choral Society from Idutywa won the large category at the Old Mutual National Choir Festival Regional Championships, held on 16 August in Nangoza Jebe (Port Elizabeth).

  • Financial Advisers and Advice

    18 Aug  2008

    There's a lot of advice out there, often contradictory. The most important thing is that you get advice that's right for you, your goals and current situation.

  • Pta retailers scoop most awards in new national comp.

    15 Aug  2008

    Retailers operating at Menlyn Park Shopping Centre in Pretoria have dominated a new annual awards competition covering some 2 000 shops in major retail complexes managed by Old Mutual Investment Group Property Investments.

  • OM, Nedbank open a o­ne-stop shop for financial services

    13 Aug  2008

    Savings and investment champion Old Mutual and Nedbank have opened a Green Zone in Mutualpark, Pinelands.

  • Guaranteed Fund declares favourable returns

    12 Aug  2008

    During a period which has seen severe volatility in investment markets resulting in the majority of balanced market-linked funds and absolute return funds recording negative real returns, the Old Mutual Guaranteed Fund has declared a 13% bonus for participating retirement funds for the year to 30 June 2008.

  • OMIGSA’s Private Equity Team in R5.2bn buyout of Alstom SA

    12 Aug  2008

    Old Mutual Investment Group (SA) (OMIGSA)’s Alternative Investments boutique has co-led the consortium of private equity investors formed to acquire Alstom SA, a major electrical engineering, manufacturing, distribution and contracting business, for R5.16 billion.

  • Solid progress in turbulent markets

    8 Aug  2008

    According to Chief Executive, Jim Sutcliffe, Old Mutual has maintained earnings at a similar level to last year despite extremely difficult market conditions.

  • Old Mutual National Choir Festival's Regional Champs get underway

    7 Aug  2008

    The Regional Championships of the annual Old Mutual National Choir Festival get underway on Sunday 3 August 2008, with the first event scheduled for Emalahleni Civic Centre, Mpumalanga Province.

  • Old Mutual National Choir Festival's Regional Champs get underway

    7 Aug  2008

    The Regional Championships of the annual Old Mutual National Choir Festival get underway on Sunday 3 August 2008, with the first event scheduled for Emalahleni Civic Centre, Mpumalanga Province.

  • Mpumalanga Choral Artists and Africa Sings, triumph

    4 Aug  2008

    Mpumalanga Choral Artists from Mhluzi in Middelburg won the Standard Category at the Old Mutual National Choir Festival Regional Championships held in Emalahleni (Witbank), Mpumalanga on Sunday, August 3.

  • Notice of Old Mutual Interim Results, Wednesday 6 August

    4 Aug  2008

    Old Mutual plc will release its interim results for the six months ended 30 June 2008 at 8.00am South African time on Wednesday 6 August 2008.

  • Another boost for Rosebank, Johannesburg

    1 Aug  2008

    Developments in the business precinct of Rosebank, Johannesburg are set for a further boost, with work set to start soon o­n a R170 million project by Old Mutual Investment Group Property Investments.

  • Swaziland Choirs to battle it out

    30 Jul  2008

    The Old Mutual National Choir Festival Regional Champions for Swaziland will take place on Sunday 10 August 2008.

  • EC Choirs to battle it out at OM Choir Fest

    30 Jul  2008

    The Eastern Cape Regional Championships of the annual Old Mutual National Choir Festival will take place on Saturday 16 August 2008 at Nangoza Jebe in Port Elizabeth.

  • Old Mutual to give needy learners a shot in the arm

    28 Jul  2008

    Leading investment and savings group Old Mutual (South Africa) today announced a contribution of R200 000 that will go towards funding the education of gifted learners from disadvantaged backgrounds at the prestigious St David’s Marist Inanda private school in Sandton, Johannesburg.

  • Rental growth of 20% expected in industrial property mkt

    25 Jul  2008

    Nominal rental growth of 18-20% in the industrial property sector is expected in the year ahead, says Sakina Nosarka, investment analyst at Old Mutual Investment Group Property Investments.

  • Old Mutual teaches learners to save for a rainy day

    24 Jul  2008

    In a bid to impart vital money management skills to learners, 136 Old Mutual staff volunteers will fan across the country on Friday, 25 July, to deliver presentations in 140 schools about the value of money and the importance of saving.

  • Old Mutual’s black brokers to tackle financial literacy

    23 Jul  2008

    Extending financial services to 19 million low income South Africans got enhanced recently with the graduation of 20 black financial planners from the Old Mutual Academy of Financial Planners. This brings to 171 the number of financial planners who have made it through the academy since 2004.

  • Inflation peak close as longer-term outlook improves

    22 Jul  2008

    A recent brightening in South Africa’s longer-term inflation outlook means consumers can start to expect the peak in our interest rate cycle sooner rather than later, and can possibly look forward to quicker cuts in rates as well, barring unexpected shocks, according to Rian le Roux, head of economic research at Old Mutual Investment Group (SA) (OMIGSA).

  • Investors should think twice before dashing to cash

    22 Jul  2008

    South Africans have been piling into cash in unprecedented numbers in the first half of 2008, while pulling their investments out of all other types of unit trusts. Peter Brooke, head of Macro Strategy Investments at Old Mutual Investment Group (SA) (OMIGSA), cautions against this “dash to cash” for most investors.

  • Mpumalanga choirs to compete at NCF Regional Champs

    21 Jul  2008

    The Mpumalanga Regional Champs of the Old Mutual National Chior Festival takes place at Emalahleni Civic Centre on Sunday, August 3.

  • Mpumalanga choirs to compete at NCF Regional Champs

    21 Jul  2008

    The Mpumalanga Regional Champs of the Old Mutual National Chior Festival takes place at Emalahleni Civic Centre on Sunday, August 3.

  • Top PSL teams to do battle for Old Mutual Mangaung Cup

    18 Jul  2008

    In a move that seeks to provide a platform for its sponsored teams to prepare for the new soccer season, Old Mutual (South Africa) will host the Old Mutual Mangaung Cup – a football festival in Bloemfontein, which will take place at the Seisa Ramabodu Stadium o­n Sunday, July 27, 2008.

  • Pricing of unit trusts impacted by problems at JSE

    14 Jul  2008

    Technical problems at the JSE have impacted the pricing of all Old Mutual Unit Trusts (OMUT)’s domestic funds with an equity component on Monday, 14 June.

  • OM sponsors rugby development o­n the East Rand

    3 Jul  2008

    Leading investment and savings group, Old Mutual (South Africa), today announced a sponsorship of R150 000 for the Independent Schools Rugby Festival-which would run until July 5. Old Mutual has been involved with the independent schools through the schools’ retirement funds for the last 30 years.

  • Investments and Asset Management

    1 Jul  2008

    Old Mutual Investment Group is a multi-boutique asset management and investment business that offers clients access to a full array of investment offerings, styles and asset classes.Old Mutual Investment Group's priority is to deliver performance through focus.

  • OM unit aims to provide Corporate property solutions

    30 Jun  2008

    A dedicated division specialising in real estate investment solutions for businesses and government departments has been launched by Old Mutual Investment Group Property Investments (OMIGPI).

  • Green Zone investment, banking centre opens in Verulam

    30 Jun  2008

    Savings and investment champion Old Mutual and Nedbank have opened a Green Zone in Verulam.

  • OM, Nedbank open a o­ne-stop shop for financial services

    27 Jun  2008

    Old Mutual and Nedbank open a o­ne-stop shop for financial services Savings and investment champion Old Mutual and Nedbank have opened a Green Zone in Essenwood, Durban.

  • Old Mutual's transformation efforts bear fruit

    27 Jun  2008

    Old Mutual’s Masisizane Fund is starting to bear fruit for rural and peri urban women following the fund’s conclusion of partnerships with like minded organizations who have a passion for poverty alleviation and women empowerment.

  • Focus o­n retirement fund exit benefits crucial

    20 Jun  2008

    Most retirement funds place great emphasis o­n providing members with sound retirement fund investments and risk benefits. However, if the risks that exiting members face are not dealt with properly or the benefits are paid inappropriately, members could face financial hardship with much of the hard work of the trustees being undone.

  • Top ten MBA students receive awards from Old Mutual

    19 Jun  2008

    At an award ceremony last week, Old Mutual awarded ten UCT Graduate School of Business MBA students with gold medals in recognition of their academic excellence. The gold medals are awarded to the top students with a minimum average grade for the programme of 75%. This year’s top performer has an overall average of 79%.

  • OMIGSA to purchase major shareholding in Futuregrowth

    18 Jun  2008

    Old Mutual Investment Group (SA), Futuregrowth Asset Management (Futuregrowth) and black empowerment group WIPHOLD are pleased to announce that OMIGSA has agreed to purchase WIPHOLD's 69% shareholding in Futuregrowth, subject to the approval of the competition authorities.

  • New Chief Investment Officer for SYmmETRY

    17 Jun  2008

    SYmmETRY Multi-Manager, a member of Old Mutual Investment Group (SA) (OMIGSA), has announced the appointment of Rael Bloom as Chief Investment Officer with effect from 1 June, 2008.

  • OM, POPCRU to tackle HIV/Aids impact together

    13 Jun  2008

    In recognition of the devastating effects of HIV/Aids in our communities, Old Mutual has joined forces with police union the Police and Prisons Civil Rights Union (POPCRU) to train 30 facilitators who will provide support to communities across the country.

  • Absolute Return, Smoothed Bonus products to gain favour

    13 Jun  2008

    While funds have enjoyed good Return o­n Investments in recent years, the economic tide is turning and the downside risk of investment market volatility has increased, interest rates are rising, and the cost of providing benefits is o­n the rise.

  • Survey reveals key local retirement industry insights

    12 Jun  2008

    Old Mutual Corporate today released the findings of the 2008 Old Mutual Retirement Funds Survey. The survey provides key insights into the way in which retirement funds are managing their retirement assets and liabilities and dealing with an increasingly legislated retirement funding environment in the face of far-reaching government reform proposals.

  • Retire Fund Survey points to popularity of Umbrella Funds

    11 Jun  2008

    One of the key findings revealed in the 2008 Old Mutual Retirement Fund Survey is the considerable growth in Umbrella Funds in recent years as employers seek to shed trusteeship responsibility in an increasingly legislated industry, while also attempting to reduce costs.

  • More communication needed on proposed pension reforms

    11 Jun  2008

    Findings of the 2008 Old Mutual Retirement Fund Survey highlight the need for government and industry players to provide o­ngoing clarity o­n the planned retirement reforms aimed at addressing the low retirement savings position of many South Africans.

  • Survey reveals lack of effective member communication

    11 Jun  2008

    Despite considerable investment by retirement funds in improving levels of communication, members still feel appropriate financial education is lacking. That is o­ne of the key findings of the 2008 Old Mutual Retirement Fund Survey released today.

  • OM urges divorcees to review provision for retirement

    9 Jun  2008

    Upon divorce, the spouse of a member of a retirement fund may be entitled to share in the retirement savings of that member immediately. Whether the spouse is entitled to a share and the extent of the share depends o­n the provisions of the specific divorce agreement and the law.

  • Steer clear of taking o­n more debt

    9 Jun  2008

    Economic data and developments over the past month have not been promising. Inflation has continued to surprise o­n the upside, petrol prices rose sharply further early in June, electricity tariffs are set to rise sharply and economic growth is slowing under the dual impact of higher interest rates and the earlier electricity outages.

  • Old Mutual Trophy Wine Show 2008 winners

    4 Jun  2008

    Nederburg takes the Fairbairn Capital Trophy for the Most Successful Producer at the 2008 Old Mutual Trophy Wine Show.

  • OM and Nedbank open a o­ne-stop shop for financial services

    28 May  2008

    Savings and investment champion Old Mutual and Nedbank have opened a Green Zone in Gabriel Road Plumstead.

  • Green gardens project at Menlyn Park shopping centre

    23 May  2008

    Rising food costs have constantly been in the news the past few weeks.&nbsp; There have been alarming reports of people who literally cannot afford to feed their families, and with another petrol price increase, the picture for many remains bleak.

  • R123m Milnerton project to meet industrial space demand

    23 May  2008

    A R123 million project, known as Racecourse Gardens, is being developed by Old Mutual Investment Group Property Investments to meet continuing demand for large industrial space in greater Cape Town.

  • R82m Warehouse complex for Paarden Eiland

    23 May  2008

    An R82 million warehouse development; for SA Corporate Real Estate Fund, the country’s third largest listed property fund, is now being built on a 31 000m² site in Paarden Eiland, next to Cape Town harbour.

  • Acoustic Encounters presents cool muso collaborations

    21 May  2008

    The Old Mutual Acoustic Encounters brings you original collaborations at the Grahamstown National Arts Festival.

  • Young designers take top prizes in Vukani Fashion Awards

    21 May  2008

    A Cape Town student, 20-year-old Karin Hoffman, has just sewn up o­ne of South Africa’s most prestigious fashion awards.

  • Umbono Fund Managers reaches R50bn under management

    12 May  2008

    Umbono Fund Managers, the black empowered asset management group focused on cost-effective index tracking, has reached a significant milestone, breaching the R50bn mark in assets under management as of 30 April, 2008.

  • OM Mining and Resources Fund Earns Micropal Award

    9 May  2008

    The Old Mutual Mining and Resources Fund has notched up an award-winning performance in its category at this year’s Micropal Awards, coming in first over five years and second over three years on a risk-adjusted basis.

  • Symmetry Defensive Fund of Funds - tops in sector

    9 May  2008

    SYm|mETRY Multi-manager’s Defensive Fund of Funds has been named the top performer over a five-year period in its sector (Domestic - Asset Allocation - Prudential - Low Equity) in this year’s Micropal Awards.

  • OM Trophy Wine Show produces 24 gold, 52 silver medals

    9 May  2008

    The Old Mutual Trophy Wine Show – now in its seventh year - is widely regarded as the country’s most credible wine competition. Judging for the 2008 competition took place at Grande Roche in Paarl from 5 to 8 May when the 9 panelists – including three from overseas - worked their way through the 1 024 submissions.

  • OM plc Interim Management Statement for first quarter

    8 May  2008

    Old Mutual's diversified business model and international portfolio enabled us to achieve a resilient performance in the first quarter against a background of challenging market conditions. Achieving net client cash flows of £2.1 billion in this context is very pleasing although falling markets impacted our level of funds under management.

  • OM plc Interim Management Statement for first quarter

    8 May  2008

    Old Mutual's diversified business model and international portfolio enabled us to achieve a resilient performance in the first quarter against a background of challenging market conditions. Achieving net client cash flows of £2.1 billion in this context is very pleasing although falling markets impacted our level of funds under management.

  • Oxygen response to Healthcare Memo of Understanding

    7 May  2008

    Lethimvula Investments Limited (Lethimvula), a broad-based black owned company and Old Mutual South Africa (OMSA) today announced they had signed a Memorandum of Understanding (MOU) that aims to combine the respective administration and managed care business operations of Old Mutual Healthcare (OMHc), Medscheme and Rowan Angel.

  • First steps towards healthcare admin deal taken

    6 May  2008

    Lethimvula Investments Limited (Lethimvula), a broad-based black owned company and Old Mutual South Africa (OMSA) have signed a Memorandum of Understanding (MOU) that aims to combine the respective administration and managed care businesses of Old Mutual Healthcare (OMHC), Medscheme and Rowan Angel.

  • Property's 2007 showing makes it a must as asset class

    25 Apr  2008

    Property’s ability to produce returns that match and outperform those of other asset classes has been reinforced by the results of the 2007 Investment Property Databank index, says Ben&nbsp; Kodisang, managing director of Old Mutual Investment Group Property Investments (OMIGPI).

  • Changes to Unit Trust Mandates

    25 Apr  2008

    Certain Old Mutual Unit Trust funds have changed their mandates to allow the maximum foreign holdings of their portfolios to be increased from 15% to 20%. The Old Mutual Flexible, Old Mutual Gold and Old Mutual Mining &amp; Resources Funds' mandates changed on 1 April 2008.

  • E Cape schools go high tech with R280 000 lab donation

    22 Apr  2008

    Hundreds of learners in the Eastern Cape’s Lusikisiki area will have access to high-tech education to boost their interest in science, thanks to a new R280 000 mobile laboratory donated by the Old Mutual Foundation.

  • SA unlikely to experience a recession

    22 Apr  2008

    With economist opinion increasingly gloomy over South Africa’s inflation and growth prospects over the next 12-24 months, there is some positive news o­n the horizon: the country is unlikely to experience a recession, bolstered by still-strong investment spending by the government and the private sector, as well as fast-growing consumption spending by the public sector.

  • OM urges SA not to panic over pension system reforms

    22 Apr  2008

    Old Mutual, o­ne of the country’s leading providers of retirement fund solutions has expressed its concern over the confusion felt by many South Africans regarding the government’s proposed overhaul of the retirement fund industry in 2010.

  • OM pitches in with R500 000 for Ntini’s cricket academy

    21 Apr  2008

    Old Mutual (SA) today announced a donation of R500 000 towards the development of a new cricket academy to be established by top South African fast bowler, Makhaya Ntini.

  • Old Mutual to open office in Swaziland

    18 Apr  2008

    Together with operations in Kenya, Malawi, Namibia and Zimbabwe, Swaziland is the fifth country o­n the African continent in which Old Mutual has a presence.

  • News & Articles

    10 Apr  2008

    Old Mutual Investment Group collected three accolades at 2014 Awards.

  • Old Mutual looks to Waterfront development in Nigeria

    8 Apr  2008

    Old Mutual Investment Group Property Investments (OMIGPI) has signed a memorandum of understanding with a Nigerian company for a joint venture to create and manage a waterfront development in Abuja, the federal capital.

  • Industrials the spark as OM funds beat property benchmarks

    8 Apr  2008

    Returns o­n industrial properties in funds managed by Old Mutual Investment Group Property Investments outperformed the Investment Property Databank industry standard for 2007 by as much as 16%, says Ben Kodisang, the company’s managing director.

  • Old Mutual Plc - US Subsidiary Board Change

    4 Apr  2008

    Old Mutual plc ("Old Mutual") announces that Scott Powers, Chief Executive of Old Mutual's US businesses, is leaving to join State Street Global Advisors as President and Chief Executive Officer.

  • Old Mutual opens a corporate crèche

    2 Apr  2008

    The opening of a R25 million state-of-the art daycare centre by Old Mutual for the benefit of the children of its Pinelands office staff members is another example of the company’s commitment to enriching the lives of its workforce.

  • Old Mutual publishes Annual Report and Accounts for 2007

    1 Apr  2008

    Old Mutual plc ("Old Mutual") has today published its Annual Report and Accounts for 2007.

  • Top performers at Old Mutual & UCT RAG's Summer Concert

    31 Mar  2008

    Set in the tranquil surroundings of the Kirstenbosch Botanical Gardens, the well-loved family UCT RAG concert is back, this year packed with top performers ready to soothe, smooth and enthuse families and students during an evening of fun, music and rhythm.

  • $400 million investment pipeline for India Property Fund

    28 Mar  2008

    The Triangle Real Estate India Fund, established by Old Mutual Investment Group Property Investments (OMIGPI) and ICS Realty of India with the aim of achieving superior returns in the world’s fastest growing economy after China, has secured an investment pipeline of projects worth more than $400 million.

  • OM’s 2008 pensioner increases keep up with inflation

    26 Mar  2008

    Against a backdrop of increasing local and international economic difficulty, Old Mutual Corporate recently announced increases to the annuities under its management that compare favourably with the current rate of inflation.

  • Stagflation concerns grow but SA's prospects bright

    19 Mar  2008

    The chances of the South African economy lapsing into stagflation have risen in recent months, along with a similar increase in the risk of a bout of global&nbsp; stagflation.&nbsp; However, any such occurrence in South Africa will be more of a short-term cyclical phenomenon than a serious structural problem, according to Rian le Roux, chief economist at Old Mutual Investment Group SA (OMIGSA).

  • OMIGSA, Basil Read in private sector housing development project

    19 Mar  2008

    Old Mutual Investment Group SA (OMIGSA) and Basil Read Developments have signed a 50-50 deal to finance and develop a mixed-use integrated development with some 18,000 residential housing units in southern Johannesburg.

  • Rusconi discussion paper raises key retirement fund issues

    14 Mar  2008

    Speaking at an Old Mutual Actuaries and Consultants function in Johannesburg this week, Rob Rusconi, independent researcher and consultant, presented his recently released retirement fund industry discussion paper entitled; "South African Institutional Investments – Whose money is it anyway?"

  • Largest running related expo in the Western Cape

    13 Mar  2008

    The Old Mutual Two Oceans Marathon Expo and registration for the ultra and half marathon takes place at the Good Hope Centre from 19 to 21 March 2008.

  • New investment fund looks after the interests of SA women

    6 Mar  2008

    The Presidential Working Group for Women (PWGW) and Old Mutual today announced the launch of a fund that aims to create wealth for women investors and uses its collective investment clout to promote the interests of women in society.

  • Disability claimants to be protected from inflation

    6 Mar  2008

    More than 6%* of South African workers become disabled before retirement age and rising inflation is a major source of concern for them. While employees will expect their employers to provide some financial relief by giving inflation-related salary increases, disability claimants frequently do not have this luxury.

  • Interesting stats for this year's two oceans marathon

    5 Mar  2008

    The Old Mutual Two Oceans Marathon has drawn a field of close to 19 000 participants. The 56 km ultra marathon has attracted 6 693 participants, while the 21 km half marathon has broken all entry records and has the biggest field ever with close to 11 500 runners taking part. This makes it the biggest half marathon in the country.

  • OM comments on draft regulations for commissions

    29 Feb  2008

    Old Mutual welcomes the proposed new draft regulations as released by National Treasury this week (28 February 2008).

  • OMIGPI confident of achieving further reduction in power usage

    28 Feb  2008

    Old Mutual Investment Group Property Investments and the management of the centres in its retail portfolio are confident of achieving a further 20% reduction in power usage as required of the hospitality industry.&nbsp; With co-operation, we believe this can be achieved with minimum impact on retailers and their service to customers.

  • Entries for popular ultra close 02 March 2008

    27 Feb  2008

    Entries for one of the country’s biggest ultra marathons, the Old Mutual Om die Dam marathon close on Sunday March 2, and runners have less than a week to pre-enter the race because no late entries will be accepted.

  • T-Systems wins R1,8 billion ICT outsourcing contract

    27 Feb  2008

    T-Systems in South Africa has been awarded a R1.8 billion contract for the supply and maintenance of a significant portion of ICT infrastructure for financial services company, Old Mutual South Africa and short-term insurer, Mutual &amp; Federal.

  • Year of investment establishes strong platform for future growth

    27 Feb  2008

    Strong earnings growth and continued delivery of excellent investment performance across the Group, which stimulated good growth in net client cash flows and funds under management, will stand Old Mutual in good stead going forward.

  • North West Varsity student wins prestigious Budget Speech competition

    21 Feb  2008

    Linda Dingiswayo, a post-graduate student from the North West University walked off with top honours and prize money of R150 000 in the 35th Nedbank and Old Mutual Budget Speech Competition.

  • OM comments on retirement fund tax reform proposals

    20 Feb  2008

    Craig Aitchison, Head of Old Mutual Consultants and Actuaries comments on retirement fund tax reform proposals in today's budget speech.

  • Simplified approach to taxing retirement lump-sum payments

    20 Feb  2008

    Trevor Manuel mentioned in his budget speech today that a simplified approach to taxing lump-sum payments on retirement was tabled last year. Similar proposals according to the Minister will be made for the taxation of other withdrawals from retirement funds, together with revisions to the various monetary thresholds and percentage contribution limitations.

  • OM comments on increases in tax-free thresholds

    20 Feb  2008

    The dismal level of savings in South Africa is a matter of great concern and Old Mutual welcomes any and all measures that will create incentives for South Africans to save.

  • OM comments on social security issues in Budget Speech

    20 Feb  2008

    "Old Mutual supports the Minister's comment about the review of the means test for the State Old Age Grant (SOAG) and believes that an increase in the means test limits will encourage more people to save for their retirement, knowing that it won't affect their eligibility for the SOAG.&nbsp; We would also support and encourage the removal of the means test to make the SOAG universal for all South Africans.

  • Special budget telecast for DStv subscribers

    20 Feb  2008

    DStv subscribers around the country will be able to watch a live analysis of the 2008 Budget Speech from the comfort of their own homes minutes after its delivery to parliament.

  • Old Mutual and DTI launch R100m women’s fund

    19 Feb  2008

    Old Mutual and the Department of Trade and Industry (DTI) have launched a R100 million development-finance fund – Isivande Women’s Fund - aimed at supporting women-owned enterprises in South Africa.

  • Why risk a rollercoaster when you can have a smooth ride?

    18 Feb  2008

    Investors in Old Mutual's Smoothed Bonus Fund can expect a boost to their current policy values following returns of between 14.8% and 16.2% declared by the savings and wealth management company o­n its range of retail smoothed funds.

  • Why risk a rollercoaster when you can have a smooth ride?

    18 Feb  2008

    Investors in Old Mutual's Smoothed Bonus Fund can expect a boost to their current policy values following returns of between 14.8% and 16.2% declared by the savings and wealth management company o­n its range of retail smoothed funds.

  • Make the most of tax breaks before the end of February

    6 Feb  2008

    If you want to make the most of the tax breaks that Trevor Manuel allows, you need to take action before the end of the tax year o­n 29 February 2008.

  • Old Mutual SA appoints new Chief Communications Officer

    4 Feb  2008

    Nomalungelo Faku has joined Old Mutual SA as Chief Communications Officer as from 1 February 2008.

  • Old Mutual launches online share trading capability

    28 Jan  2008

    Old Mutual customers can now trade shares o­nline through an initiative between Old Mutual and BoE Private Clients (BoE Private Clients is a joint venture subsidiary between Old Mutual and Nedbank). Real-time trading in all securities o­n the Johannesburg Stock Exchange is possible via an internet-based trading system from Old Mutual's website.

  • Tough times ahead but set to improve

    23 Jan  2008

    It is likely to be a tale of two halves for local and global financial markets and investors this year, with conditions tough during the first half of the year but markets beginning to factor in a better 2009 during the second half based on the positive impact of lower global interest rates.

  • SA investors face rising uncertainty

    23 Jan  2008

    Going into 2008, South Africans are facing what could prove to be the most difficult investment conditions in many years, what with disposable incomes under pressure, highly uncertain local and global political and economic conditions and significant financial market volatility.

  • Three new board appointments announced

    22 Jan  2008

    Old Mutual South Africa (OMSA) has strengthened its senior management team with the appointment of Diane Radley as group finance director effective 1 March. Radley succeeds Peter Golesworthy, who resigned from the financial services provider last year.

  • Old Mutual establishes Asia Pacific Headquarters

    16 Jan  2008

    Old Mutual plc ("Old Mutual") today announces the establishment of its Asia Pacific headquarters, based in Hong Kong. This will form the base from which Old Mutual intends to expand its existing operations throughout the region.

  • OMIGSA appoints two new fund managers

    8 Jan  2008

    Value Equity Investments, a boutique in Old Mutual Investment Group SA (OMIGSA), has appointed Feroz Basa and Varusha Daljee as Assistant Portfolio Manager and Trainee Portfolio Manager, respectively, with effect from January 2008.

  • Old Mutual donates R5 million to WDB

    19 Dec  2007

    Leading investment and savings group Old Mutual (SA) today announced a donation of R5m to the Women’s Development Bank (WDB) Microfinance - an NGO whose principal business is the provision of credit and development resources to women in business.

  • OM, Umsobomvu launch R200m Women's Fund

    18 Dec  2007

    Deputy President Phumzile Mlambo-Ngcuka today commended Old Mutual’s Masisizane Fund and Umsobomvu Youth Fund for creating a R200m development finance fund aimed at supporting the development of women-owned enterprises.

  • OM to impart financial management skills to chiefs

    12 Dec  2007

    Leading investment and savings group Old Mutual (SA) has launched a financial education programme in Centane, Eastern Cape aimed at imparting sound personal financial management skills among 100 chiefs in the area.

  • OM, Nedbank launch financial services one-stop shop

    7 Dec  2007

    Johannesburg, 5 December 2007 - Old Mutual and Nedbank have officially launched their first Green Zone, an integrated o­ne-stop financial services shopping experience, in Rosebank, Johannesburg.

  • Old Mutual expands its qualified financial adviser force

    6 Dec  2007

    Cape Town, 06 December 2007 - Old Mutual expanded their personal financial adviser force as a result of the recent number of graduates that successfully completed their Certificate in Financial Planning from Damelin Colleges countrywide.

  • Strong demand sees rapid take-up in CT office tower

    30 Nov  2007

    The strength of demand for A grade offices in the Cape Town CBD has been underscored by the fully let sign going up on a city high-rise where almost a third of the space was vacated by a major tenant last year.

  • Emerging equity markets attractive

    21 Nov  2007

    Equity markets in the emerging world have weathered the sub-prime credit crunch in developed markets more easily than any previous market turmoil, and are expected to remain a sought-after investment destination.

  • Awards for revamped Old Mutual shopping centres

    21 Nov  2007

    Two shopping centres managed by Old Mutual Investment Group Property Investments (OMIGPI) have won awards following their expansion and redevelopment.

  • Oxygen appoints Andrew Wright as Operations Executive

    14 Nov  2007

    Oxygen Medical Scheme has announced the appointment of Andrew Wright as Operations Executive with effect from 1 December 2007.

  • New insurance product on the supermarket shelf

    9 Nov  2007

    8 November 2007 - The Shoprite group and Old Mutual today announced a world first with the launch of an innovative top-up insurance product, pay-when-you-can, which is available through Shoprite supermarkets in South Africa.

  • Old Mutual Summer Sunset Concerts at Kirstenbosch

    5 Nov  2007

    The Old Mutual Summer Sunset Concerts at Kirstenbosch kick off on Sunday, 25 November 2007 with a top-notch line-up featuring Vusi Mahlasela, Love Jones, Flat Stanley, Watershed, The Parlotones, Arno Carstens and many more.

  • Old Mutual throws down economic transformation gauntlet

    30 Oct  2007

    It is time for the financial services industry to focus o­n its role in accelerating economic transformation in South Africa, particularly in poor provinces such as the Eastern Cape, said Paul Hanratty, the managing director of leading investment and savings group, Old Mutual (SA).

  • Old Mutual Bank (“OMB”) to be integrated into Nedbank

    25 Oct  2007

    Old Mutual (South Africa) Limited (‘Old Mutual SA’) and Old Mutual Finance (collectively ‘Old Mutual’) and Nedbank Group Limited (‘Nedbank Group’) have announced that Nedbank (“Nedbank”) will acquire Old Mutual’s 50% interest in Old Mutual Bank which operates as a division of Nedbank Limited (‘Nedbank’).

  • Comment on SA September inflation data

    24 Oct  2007

    At 6.7% y/y, South Africa's CPIX for September came in higher than expected - our forecast was 6.5%, while the Reuters' consensus was 6.4%. This was due to two main causes: higher-than-expected food price inflation and domestic worker inflation.

  • Huge demand for Cape Town industrial space

    24 Oct  2007

    A R123 million project, to be known as Racecourse Gardens, has been launched by Old Mutual Investment Group Property Investments to meet continuing demand for large industrial space in greater Cape Town.

  • Oxygen Medical Scheme announces benefit structure

    23 Oct  2007

    Oxygen Medical Scheme has announced an average 11.9% premium increase for the 2008 benefit year. The increase comes with an enhancement of members' day-to-day benefits and minimal changes to the scheme's benefit structure.

  • CT office demand set to match growth rate

    18 Oct  2007

    The demand for office space in the greater Cape Town metro area can be expected to grow in line with overall macro economic growth in South Africa, anticipated to be around 5% a year in real terms.

  • OM appoints Israel Skosana to its board of directors

    15 Oct  2007

    Old Mutual has appointed Israel Skosana (54) as an independent director of Old Mutual Life Assurance Company of South Africa (OMLACSA) with effect from 20 November 2007. He has also been appointed as a member of the group's Audit, Risk and Compliance Committee.

  • Wide-ranging principles can prevent retirement fund fraud

    9 Oct  2007

    In the aftermath of the Fidentia scandal, trustees may feel uncertain of their ability to avoid unscrupulous financial service companies. While this is largely an issue of trust, considered application of the principles contained in the Financial Services Board's Circular PF130 could go a long way to helping funds avoid bad apples.

  • SA likely to weather US, global growth slowdowns

    5 Oct  2007

    Although the impact of the housing slump and credit crunch in the US will result in slower growth in both the US and global economies over the next 12 to 18 months, the South African economy is likely to weather this slowdown better than past slumps, according to Rian le Roux, Chief Economist at Old Mutual Investment Group SA (OMIGSA). Importantly, le Roux has not revised downward his original GDP growth forecasts for SA for 2007.

  • Old Mutual appoints new Chief Information Officer

    4 Oct  2007

    Old Mutual (South Africa) has appointed Eileen Wilton as its new Chief Information Officer (CIO). She replaces Theo Nkone, who is leaving Old Mutual at the end of September to focus o­n his passion for community development.

  • Umbono wins exclusive license to track RAFI Index

    1 Oct  2007

    Umbono Fund Managers, the specialist boutique in Old Mutual Investment Group SA (OMIGSA) focused on cost-effective equity, bond and enhanced tracking investment solutions, has been awarded the exclusive license to develop a fund tracking the new FTSE/JSE RAFI™ (Research Affiliates Fundamental Index) Index in South Africa.

  • New retail property consultancy established

    26 Sep  2007

    Ian Watt who has retired as a director of Old Mutual Investment Group Property Investments after a 40-year career with the group, has established Retail Xpressions, an advisory service for property owners, investors and managers.

  • Financial package to empower domestic workers

    25 Sep  2007

    A financial package aimed at empowering the approximately o­ne million South Africans employed as domestic workers* in South Africa was launched today by the Presidential Working Group o­n Women (PWGW) with the support of Old Mutual.

  • R19m micro-finance fund launched for women

    20 Sep  2007

    Leading investment and savings group, Old Mutual (SA), yesterday announced a partnership between its Masisizane Fund and the Small Enterprise Foundation (SEF), a Limpopo-based NGO and micro financier, to create a R19.4m micro-finance fund aimed at supporting the development of women enterprises in rural areas.

  • Staff community builders’ efforts lauded

    17 Sep  2007

    The spirit of volunteerism is alive and well among workers at two of SA’s biggest financial institutions, taking them from their cubicles and offices to the frontlines of the battle against poverty and other social ills. They do their work mostly without recognition, but last night (Thursday, 14 September 2007), 117 of them paused to be honoured at a lively, rousing event at the historic Constitution Hill precinct. <br>

  • OM foresees key role for umbrella retirement funds

    11 Sep  2007

    Sustained growth in the SMME sector will create more jobs, but won't necessarily have much impact o­n the massive shortfall in retirement savings unless more employers provide cost-effective retirement vehicles for their staff.

  • Unique solutions needed for South Africa's savings hole

    28 Aug  2007

    South Africans are favouring investments into residential property and other non-traditional financial assets over traditional savings products, according to the latest research by Old Mutual into the country's savings levels.

  • Infrastructure funds acquire 66% interest in Kelvin Power

    28 Aug  2007

    In a move that represents a substantial investment in South Africa's power generation capacity, three infrastructure funds managed by Old Mutual Investment Group South Africa (OMIGSA)'s Alternative Investments boutique - the IDEAS Fund, the African Infrastructure Fund and the Kagiso Empowerment Infrastructure Fund (KEIF) - have concluded a transaction to acquire a total 66% equity interest in Kelvin Power.

  • Government and Old Mutual launch R20m Women Fund

    23 Aug  2007

    Deputy President Phumzile Mlambo-Ngcuka welcomed the announcement made yesterday by Old Mutual’s Masisizane Fund that it will be donating R20 million to Jobs for Growth (J4G) - a national programme that is part of government’s Accelerated and Shared Growth Initiative for South Africa (AsgiSA). The donation will be put toward the establishment of the Jobs for Growth Women’s Fund.

  • Slower global economic growth, more volatility ahead

    16 Aug  2007

    Despite central bank interventions to stem the liquidity crunch arising from the US sub-prime lending crisis, this is not likely to be the end of the crisis, according to Old Mutual Investment Group SA (OMIGSA) Chief Economist Rian le Roux.

  • R15m upgrade for Cape Town office tower

    15 Aug  2007

    A R15 million upgrade by Old Mutual Investment Group Property Investments of the Plein Park office tower in the eastern precinct of Cape Town CBD is under way.

  • SA equity market loses ground amidst investor jitters

    13 Aug  2007

    Boutique Head and Portfolio Manager Peter Brooke comments on the recent volatility in SA’s equity market and why it's losing ground amidst global investor jitters.

  • R93m warehouse development for Jet Park, Jhb

    13 Aug  2007

    Construction of a R93 million warehouse development is under way on an Old Mutual property in Jet Park, a prime Johannesburg industrial and commercial township near OR Tambo International Airport.

  • OM & Kirstenbosch invites entries for Best Image competition

    13 Aug  2007

    Old Mutual, the new sponsor of the extremely popular Summer Sunset Concerts at Kirstenbosch, is offering R7 000.00 in prize money for the visual image that best encapsulates the unique vibe and setting of these concerts.

  • Results for the six months ended 30 June 2007

    10 Aug  2007

    Old Mutual Chief Executive, Jim Sutcliffe, is pleased to announce that the first half of this year has seen most of Old Mutual’s savings and wealth management businesses around the world performing well and producing solid results.

  • Top advertising exec appointed to board of directors

    8 Aug  2007

    Old Mutual has appointed Nunu Ntshingila as an independent non-executive director of Old Mutual Life Assurance Company of South Africa (OMLACSA), with effect from 18 September 2007.

  • New COO for OM Investment Group Property Investments

    8 Aug  2007

    Old Mutual Investment Group Property Investments has appointed Amelia Beattie as chief operating officer from 01 September 2007.

  • OM’s Guaranteed Fund produces record-breaking returns

    2 Aug  2007

    The Old Mutual Guaranteed Fund, the company’s flagship product for retirement fund members with its unrivalled 40-year track record of producing inflation-beating returns, has delivered a 27% return over the last year.

  • Surviving a health shock - financially

    1 Aug  2007

    Unexpected health shocks can cause significant financial distress in addition to the physical, emotional and practical challenges caused by ill health, John Kotze, the head of Group Assurance at Old Mutual, says.

  • Old Mutual and Kirstenbosch announce new partnership

    27 Jul  2007

    Old Mutual and Kirstenbosch National Botanical Garden today announced a new partnership that will see the financial services company become title sponsor of the well-known "Summer Sunset Concerts" at Kirstenbosch.

  • Old Mutual tackles dearth of financial planners

    26 Jul  2007

    Investments and savings group Old Mutual yesterday evening celebrated the graduation of 19 learners from its Academy of Financial Planners who have successfully completed a rigorous 12-month training programme.

  • Cautionary message for SA investors

    24 Jul  2007

    With lower total returns expected across all asset classes for the next three to five years and people living in retirement far longer, investors looking for inflation-beating returns would be wise to consider allocating a higher proportion of their savings to growth assets, like equities.

  • Food inflation likely to remain high through 2008

    16 Jul  2007

    Food price inflation is likely to remain above the South African Reserve Bank (SARB)’s inflation target band of 3-6% CPIX (headline consumer inflation less mortgage rate changes) for the foreseeable future, thus maintaining pressure on local interest rates and consumers’ budgets, according to Johann Els, Senior Economist at Old Mutual Investment Group SA (OMIGSA)’s Economic Research Unit.

  • Well-known fund manager joins OM Investment Group SA

    12 Jul  2007

    Old Mutual Investment Group South Africa (OMIGSA) is pleased to announce that well-known fund manager Alida Jordaan will be joining its Macro Strategy Investments boutique in August 2007.

  • Old Mutual launches new asset allocation fund

    10 Jul  2007

    Old Mutual Unit Trusts' has added a new unit trust to their range of multi-asset class funds. The Old Mutual Stable Growth Fund is a conservative fund suitable for retired or risk-averse investors.

  • Old Mutual seizes skills development challenge

    6 Jul  2007

    Investments and savings group Old Mutual (SA) today welcomed 237 new learners to its successful learnership programme - the Old Mutual Learnership Amathuba Programme.

  • Old Mutual Group (SA) signs global software deal

    3 Jul  2007

    Old Mutual Group (SA) has successfully concluded a software licensing deal with IT giant, Microsoft, that will result in significant cost savings for the group globally.

  • OM Bank simplifies and reduces charges

    3 Jul  2007

    Old Mutual Bank has cut its charges by an average 6% and simplified the way that fees are calculated to make it easier for customers to take advantage of the savings.

  • Rising inflation, interest rates deal a double blow

    12 Jun  2007

    Increasing interest rates aren’t usually bad news for everyone, but the rate rise combined with spiking inflation will hit most people’s pockets.

  • New targeted real return portfolios launched

    8 Jun  2007

    Old Mutual has launched the next generation of targeted real return investment portfolios for institutional investors in the form of its range of Absolute Growth Portfolios. This new range targets returns in excess of inflation, while smoothing out returns to protect investors from volatility in the market.

  • Further increase in interest rate likely

    5 Jun  2007

    The spate of negative local economic data released last week has almost sealed the case for a further 50bp rate hike by the Reserve Bank this coming Thursday. There is also a risk that rates may have to be raised even further later in the year, says Old Mutual Investment Group SA (OMIGSA) chief economist Rian le Roux.

  • Producer inflation adds fuel to rate hike prospect

    1 Jun  2007

    Following on yesterday's much worse-than-expected consumer inflation excluding mortgages (CPIX) data released yesterday, April producer price inflation also came in significantly above expectations at 11.1%.

  • OM commits over R400m to shared economic growth

    31 May  2007

    Old Mutual today announced it will invest more than R400 million in projects aimed at improving the economic prospects of ordinary South Africans, as envisaged in the government’s Accelerated and Shared Growth Initiative for South Africa (ASGISA).

  • Winners of the OM Vukani Fashion Awards announced

    28 May  2007

    The winners of the Old Mutual Vukani Fashion Awards were announced at a glittering fashion event held at Menlyn Park Shopping Mall on Saturday 26th May. The event was a showcase of all 15 finalists' entries.

  • Old Mutual ready to receive claims

    28 May  2007

    Old Mutual is delivering on its commitment under the Statement of Intent agreement to enhance the savings of customers who made contractual changes to their policies.

  • OM celebrates its 2007 Learnership Graduates

    25 May  2007

    Old Mutual (SA) today celebrated the graduation of 84 Western Cape learners who have successfully obtained qualifications in Generic Business Administration (NQF level 4), Wealth Management (NQF level 4), Long Term Insurance (NQF level 4) and Financial Services Administration (NQF level 3).

  • OM appoints top SA executive to head China business

    22 May  2007

    Old Mutual has appointed former head of Broker Distribution at Old Mutual South Africa, Dean Richards, as Chief Executive Officer of Skandia-BSAM, the group's China operations. The appointment signifies Old Mutual's intention of becoming a major player in the fastest growing major life insurance market in the world.

  • New tenants for expanded Cape Town industrial park

    17 May  2007

    The first of a range of new tenants will soon move into Phumelela Park, the Cape Town industrial park recently expanded by Old Mutual Investment Group Property Investments at a cost of R83 million.

  • OM launches new brand line to reflect strategy

    15 May  2007

    Old Mutual South Africa has launched its new brand line; "invest in your success" to reflect the fundamental change in strategy and philosophy that Old Mutual has implemented over the last few years.<br>

  • Trophy Wine Show - wine jury considers verdict

    15 May  2007

    Judging for this year's Old Mutual Trophy Wine Show took place over 7 to 10 May at the Grande Roche in Paarl. The event, now in its sixth year, is widely regarded as the country's most credible wine competition.

  • Creative crafts, designs rev up corporate gift market

    7 May  2007

    A new initiative in the Cape Town CBD’s East City precinct will provide a link between South Africa’s formal and informal economies, giving corporate gift buyers access to local handmade products and providing the country’s many talented crafters with an entrée to this major niche market.

  • Skandia appoints new CEO for its Nordic division

    4 May  2007

    Skandia, a subsidiary of Old Mutual plc, today announces the appointment of Bertil Hult as Chief Executive Officer of its Nordic division. Mr Hult joins the Stockholm-based financial services company from Vinge, a Swedish law firm, where he is currently CEO.

  • Strong Cape property demand boosts OM lease value

    2 May  2007

    Strong demand for industrial space in greater Cape Town boosted the value of leases signed by Old Mutual Investment Group Property Investments in the metropole in the 12 months to March 31 to R331 million.

  • Consumer and infrastructure booms still have steam

    26 Apr  2007

    The strong expansion in both consumer and investment spending underway in SA still has some way to run and is underpinned by numerous positive macroeconomic factors, this according to Old Mutual Investment Group (SA) (OMIGSA). And although household spending growth is likely to slow from the heady pace of the past three years, accelerated government infrastructure spending should help fill the gap, helping to sustain the country's growth in gross domestic product (GDP) at around 5% a year over

  • Making sense of money

    24 Apr  2007

    Mention compound interest, third-party payment or the prime rate and most of us glaze over, but it’s worth understanding these basic terms because they can directly affect your wallet.

  • OM appoints Jay Naidoo to Life Assurance Board

    24 Apr  2007

    Old Mutual has appointed Jay Naidoo as a non-executive director of Old Mutual Life Assurance Company of South Africa (OMLACSA).

  • OM declares above inflation bonuses for pensioners

    16 Apr  2007

    One of the biggest financial concerns for anyone who has reached retirement age is whether the increases in the amounts that they receive from their retirement fund or annuity will keep up with inflation each year.

  • Interest rate unchanged as expected - but risks remain

    13 Apr  2007

    The Reserve Bank's decision to leave the repo rate unchanged is welcome news. Although the short-term outlook for inflation has deteriorated moderately owing to the recent rise in oil and grain prices, the medium-term outlook for inflation remains good. However, there are still undeniable risks in the inflation outlook.

  • New Property Fund beats industry benchmark

    13 Apr  2007

    The Triangle Real Estate Core Fund, established by Old Mutual through unitisation of its R10,5 billion institutional property holdings, produced a total return of 29.4% for 2006, ahead of the Investment Property Databank industry benchmark of 26.7% for the year.

  • Old Mutual offers financial franchise opportunities

    5 Apr  2007

    Old Mutual is looking for entrepreneurs with life industry and investment experience who want to start their own financial franchise businesses.

  • OM Unit Trusts' MD dissects the budget for investors

    13 Mar  2007

    Anil Thakersee, MD, Old Mutual Unit Trusts, dissects the Budget for investors.

  • Take advantage of no retirement fund tax

    8 Mar  2007

    Retirement fund tax is gone. It has not merely been reduced, it has been abolished. Retired. At a time when only a tiny minority of people can afford to retire without a plunge in living standards, Trevor Manuel’s ending of a decade of taxation of retirement savings, should be celebrated by those far-sighted enough to plan for retirement.

  • Record-breaking real returns for OM's smoothed funds

    6 Mar  2007

    Old Mutual's range of smoothed funds has delivered record-breaking returns of between 23.8% and 26.2% in 2006, says Steven Levin, General Manager Product at Old Mutual.

  • OM Bank bucks the trend to top service in its sector

    1 Mar  2007

    Old Mutual Bank has topped the banking sector and rated second overall in Ask Afrika’s poll of service excellence, the Orange Index.

  • Make Trevor's tax concessions work

    28 Feb  2007

    Trevor Manuel has swelled taxpayers’ wallets and purses by R8.4 billion, but in reality most mid- and upper-income earners won’t really notice unless they pro-actively take advantage of the tax breaks.

  • Results: Year ended 31 December 2006

    26 Feb  2007

    A selection of Old Mutual plc's financial highlights and forward-looking comments. <br>

  • Final Dividend: Year ended 31 December 2006

    26 Feb  2007

    The Directors of Old Mutual plc are recommending a final dividend for the year ended 31 December 2006 of 4.15p per share (making a total of 6.25p for the year).

  • OM welcomes savings measures in Budget 2007

    21 Feb  2007

    Old Mutual welcomes proposals in the Budget announced by Finance Minister Trevor Manuel today which for the first holistically tackles one of the most critical problems facing the country: the lack of savings.

  • Retirement fund savings approach welcomed

    21 Feb  2007

    Old Mutual South Africa MD Paul Hanratty has welcomed the innovation and the lateral thinking that has gone into the measures announced by Finance Minister Trevor Manuel today towards the mobilisation of retirement fund savings for all South Africans.

  • ’n Beleggersvriendelike Begroting

    21 Feb  2007

    Anil Thakersee, Besturende Direkteur, Old Mutual Effektetrusts, ontleed die Begroting vir beleggers.

  • OM Unit Trusts' MD dissects the budget for investors

    21 Feb  2007

    Anil Thakersee, MD, Old Mutual Unit Trusts, dissects the Budget for investors.

  • Take a page out of Trevor Manuel's book

    13 Feb  2007

    If the government managed its money the way many of its citizens do, the country would be in serious financial trouble.

  • Top SA Hedge Funds deliver strong performance

    9 Feb  2007

    Six of South Africa's top performing hedge funds were recognised for their performance at the third annual awards ceremony held in Johannesburg last night.

  • SA equities still offer good returns

    31 Jan  2007

    Although South African equities are no longer offering excellent value after a strong four-year bull run, this asset class is still likely to provide superior returns in 2007 and beyond.

  • Unveiling the Old Mutual Investment Group

    24 Jan  2007

    In a move set to change the face of the asset management industry in SA, this week Old Mutual revolutionised its investment business, creating 12 performance-driven, autonomous investment businesses and establishing the Old Mutual Investment Group SA (OMIGSA).

  • OM, Umbono to form SA's largest index tracker

    24 Jan  2007

    Umbono announced today that it had consummated a deal with Old Mutual to build the largest index tracking asset manager in Africa.

  • R5bn Fund in the making as SA Corp. bids for SA Retail

    19 Jan  2007

    SA Corporate Real Estate Fund (formerly Martprop) has announced it is to make an offer to acquire all the linked units in SA Retail Properties Limited, paving the way for a R5 billion fund in a major move towards consolidation in the listed property sector.

  • Old Mutual to sponsor four PSL teams

    14 Dec  2006

    Four PSL teams will be 'Going for Green' from 2007 after a partnership with South Africa's largest financial services group was announced today. In terms of the deal, Old Mutual (SA) will become the teams' official financial solutions partner for the next three years.

  • Construction shares for the brave

    8 Dec  2006

    The sharp run-up in the share prices of SA construction companies this year has made the construction sector the place to be in 2006, but to capture further potential gains in the new year one will have to be a brave investor, according to Feroz Basa, equity analyst at Old Mutual Asset Managers (OMAM).

  • Call to accelerate economic transformation

    7 Dec  2006

    Following the significant progress made by many financial services companies in reaching the financial sector charters (FSC) 'internal' transformation targets, it is time for the industry to focus its attention on the role it must play in accelerating economic transformation in South Africa.

  • Opportunity beckons for aspiring financial advisers

    5 Dec  2006

    The Old Mutual Academy for Financial Planners celebrated its third graduation in Sandton recently and highlighted the incredible opportunity this initiative offers to young, previously disadvantaged graduates interested in pursuing a career in the lucrative field of financial planning.

  • Empowered private equity fund formed

    30 Nov  2006

    Kagiso Trust Investments (KTI) and African Infrastructure Investment Managers (AIIM) today announced the establishment of an empowered private equity fund targeting infrastructure investments.

  • Old Mutual plc results as at end September 2006

    28 Nov  2006

    According to Old Mutual Chief Executive, Jim Sutcliffe, good progress has been made in the third quarter.

  • Old Mutual on track to implement Statement of Intent

    22 Nov  2006

    Old Mutual welcomes the decision by the Life Offices Association (LOA) today to recommend implementation of the Statement of Intent aimed at enhancing values of qualifying policies.

  • New IT system for Old Mutual Healthcare

    15 Nov  2006

    Old Mutual Healthcare embarked o­n the first phase of a project to migrate medical scheme member accounts to a new information technology platform that will enrich the service to members, doctors, hospitals, specialists and brokers.

  • OM Bank leads Group's foray into young urban market

    3 Nov  2006

    Old Mutual Bank is spearheading the Group's foray into the young urban market with a package of branded products that address real financial needs.

  • Clarity on Retirement Annuity case welcomed

    27 Oct  2006

    OM welcomes the clarity arising from the Cape High Court judgement in its appeal case against a ruling by the Pension Funds Adjudicator.

  • Offshore markets still attractive

    25 Oct  2006

    Despite the weakness of the rand in recent months, offshore markets still offer attractive diversification opportunities for South African investors over the longer-term, according to Denzil Burger, Senior Portfolio Manager at Old Mutual Asset Managers (OMAM).

  • Oxygen focuses on benefits for 2007

    19 Oct  2006

    At a time when medical scheme members are generally experiencing a reduction in benefits, Oxygen Medical Scheme members will be receiving an above average increase to their benefits for 2007.

  • Rate rise signals need for credit caution

    13 Oct  2006

    While the interest rate rise certainly shouldn’t come as a surprise to anyone, the 50 basis point increase will mean a black Friday the 13th for many credit-hungry South Africans.

  • Innovative solutions for financial freedom

    11 Oct  2006

    There are many unique problems facing the women of South Africa, such as insufficient retirement benefits, support of children and the elderly and inadequate healthcare. These problems require unique solutions from government and the private sector.

  • International retailing award for Durban centre

    29 Sep  2006

    Old Mutual managed Gateway Theatre of Shopping in&nbsp;Umhlanga has become the first retail complex in Africa to win a top marketing award from the International Council of Shopping Centres.

  • Socially Responsible Investing as an investment class

    26 Sep  2006

    There is a growing view amongst investment professionals that environmental, social and corporate governance issues have a rightful place in an investment portfolio. This view was highlighted by the development of Principles of Responsible Investment, as established under the guidance of the United Nations.

  • Be streetwise before buying to let

    25 Sep  2006

    Despite recent rate increases, the buy-to-let option may still look appealing for some residential property investors.

  • R83mn expansion at Cape Town's Montague Gardens on track

    18 Sep  2006

    An R83 million expansion at Phumelela Park, an Old Mutual industrial park at Montague Gardens, Cape Town, is expected to be ready for occupation in the first half of 2007.

  • Old Mutual increases interim bonus rates on smoothed range of funds

    15 Sep  2006

    According to Head of Investment Marketing, Anil Thakersee, the increase in the interim bonus rates are a result of the recent strong performance.

  • Results on track, with increasingly diversified earnings

    14 Sep  2006

    According to Old Mutual Chief Executive Jim Sutcliffe, the Group's Interim Results are very encouraging. It has been a good first half, with encouraging growth across our business and we have been able to declare a significant increase in the dividend

  • New Head appointed for OM Corporate Affairs

    13 Sep  2006

    Old Mutual South Africa has announced that Khehla Mthembu, head of Corporate Affairs and CEO of Old Mutual's Gauteng operations, will be leaving the group as at 31 March 2007 to pursue entrepreneurial interests.

  • Old Mutual Group in N$308 Million BEE Transaction in Namibia

    7 Sep  2006

    Windhoek - The Old Mutual Group today unveiled its much anticipated black economic empowerment (BEE) transaction in Namibia which will result in a broad range of black stakeholders acquiring direct ownership of N$308 million of the Old Mutual Group's Namibian businesses.

  • Response to criticism over Old Mutual's appeal

    6 Sep  2006

    Old Mutual stands by its decision to appeal the determination made by the Pension Funds Adjudicator (PFA) in the Holloway case. The determination by the PFA ordered Old Mutual to act contrary to the provisions of the Long-term Insurance Act under which it is registered and with which it has to comply.

  • Old Mutual Property development pipeline tops R1 billion

    6 Sep  2006

    Development projects and refurbishments worth more than R1 billion are under way or about to be started by Old Mutual Property Group.

  • Brave new woman for Broker Distribution

    5 Sep  2006

    Old Mutual South Africa has announced the appointment of Jeanette Marais as General Manager: Broker Distribution with effect from 1 September 2006.

  • Global economy still balanced

    18 Aug  2006

    Despite increased concerns and risks over the outlook of the global economy, actual activity data still paints a picture of buoyant overall global economic growth, argues Rian le Roux, Head Economic Research at Old Mutual Asset Managers - OMAM (SA).

  • Old Mutual to change the shape of its asset management business: "A move towards greater value for clients"

    1 Aug  2006

    Old Mutual today announces the transformation of OMAM (SA) into a range of boutique investment houses.

  • Higher inflation and interest rates have arrived

    28 Jul  2006

    An economic cycle of higher inflation and interest rates has arrived in SA - the severity of which will be largely determined by global economic developments, says Old Mutual Asset Managers chief economist Rian le Roux

  • New Group Finance Director appointed for Old Mutual

    21 Jul  2006

    Old Mutual CEO, Jim Sutcliffe, announced this week that Jonathan Nicholls has been appointed as Group Finance Director. He will join Old Mutual on 1 November 2006.

  • "Back to the sixties" investment outlook still holds

    21 Jul  2006

    Although the economic risks to global and local financial markets have increased significantly, SA's economy is still on track to a low inflation, solid economic growth environment, reminiscent of the sixties.

  • Old Mutual launches revolutionary funeral plan

    10 Jul  2006

    In keeping with Old Mutual’s commitment to providing affordable product offerings&nbsp;Old Mutual&nbsp;has launched the Comprehensive+ Funeral Plan that is designed to give clients and their families a dignified farewell.

  • Old Mutual to help upskill public sector in Gauteng

    6 Jul  2006

    The Old Mutual Business School has announced the Gauteng intake for its learning programme aimed at imparting Project Management skills to 100 local government employees across the country.

  • Old Mutual enhances benefits of 270 000 policies

    5 Jul  2006

    In another initiative aimed at improving value for customers, Old Mutual has announced it will provide R170m worth of enhanced benefits to 270 000 policies with effect from 1 July 2006.

  • Old Mutual Combines Absolute Returns With Absolute Capital Protection

    29 Jun  2006

    Old Mutual&nbsp;Capital Growth offers institutional investors&nbsp;guaranteed downside protection, combined with targeted investment growth in excess of inflation.

  • Education Trust provides scholarships for Higher Education

    27 Jun  2006

    In an effort to boost the country’s education levels and skills acquisition, Old Mutual announced the creation of the Old Mutual Education Trust (The Trust). The Trust has the potential to allocate about 1000 fully funded scholarships for higher education over the next 10 years.

  • Curb your bank charges

    24 Jun  2006

    Given the emotion they evoke, it's not too surprising that research by Old Mutual Bank shows that bank charges are the single most influential factor in determining the extent to which a bank appeals to its customers.

  • Repo rate hiked despite expectations of no change

    20 Jun  2006

    Despite our expectations of unchanged rates, the SA Reserve Bank’s risk assessment of local and international economic conditions led them to hike the repo rate by 50 basis points today to 7.5%, says Old Mutual Asset Managers economist Johann Els.

  • Old Mutual Plc - Skandia Market Update

    20 Jun  2006

    Since completing the transaction on 3 February 2006 Old Mutual has conducted a thorough review of Skandia and concluded that the growth potential of the business is significantly better than anticipated during due diligence.

  • Response to criticism over Old Mutual's appeal

    9 Jun  2006

    Old Mutual stands by its decision to appeal the determination made by the Pension Funds Adjudicator (PFA) in the Holloway case. The determination by the PFA ordered Old Mutual to act contrary to the provisions of the Long-term Insurance Act under which it is registered and with which it has to comply.

  • Old Mutual comments on Smoothed Bonus products

    31 May  2006

    Old Mutual’s Smoothed Bonus product recently came under the Pension Funds Adjudicator’s spotlight. Old Mutual takes this opportunity to explain the smoothing mechanism.

  • Weak rand unlikely to spoil the inflation party

    26 May  2006

    Despite the rand's 10% depreciation against the dollar over the past two weeks, the outlook for inflation remains positive.

  • R500 million committed to SA investment initiatives

    23 May  2006

    Economy-stimulating investment projects are set to become a reality in some of South Africa’s poorest areas, courtesy of the Development Bank of SA and Old Mutual.

  • Retirement Fund Survey highlights investment performance as critical issue

    16 May  2006

    The recently conducted Old Mutual Retirement Fund Survey brought to light a number of critical management issues that need to be addressed within the next three years.

  • Everyday Account gives you more for your buck!

    11 May  2006

    Old Mutual Bank’s Everyday Account offers you banking convenience at a fixed fee of just R85/month. This progressive initiative emerges at a time when unreasonable banking fees are making headlines.

  • Old Mutual to provide finance to black advisers

    5 May  2006

    Old Mutual recently announced the launch of the Black Distributors Trust (BDT). This trust aims to provide financing worth millions of Rands to qualified Black financial advisers who are starting out in business.

  • SA capable of withstanding emerging market correction

    4 May  2006

    Despite risks of an emerging market correction having increased this year, South Africa is better placed than it was in 1998 to withstand such a crisis.

  • How much do you need to save per month to retire with peace of mind?

    20 Apr  2006

    We are constantly reminded with facts and figures on how important it is to save for retirement and in particular, that South Africans do not save enough. But how do you know how much is "enough"?

  • SA Management Challenge in partnership with Old Mutual

    7 Apr  2006

    How can Kulula turn its planes around in less than 45 minutes?&nbsp; Can SARS stop cigarette smuggling?&nbsp; What will it take for Old Mutual to break into the township stockvel market?&nbsp; How should Cell C measure 'customer delight'?&nbsp; These are just a few of the real problems tackled by MBA students in SABC Education's new business reality show, to be screened on SABC3 for 13 weeks on Sundays at 16h00 starting 9 April 2006.

  • New retirement realities require taking on more managed risk

    3 Apr  2006

    Given the realities of longevity, inadequate savings and an increasingly complex and volatile investment environment, modern-day retirement planning has become an entirely different proposition to the way we used to view saving for our golden years.

  • Plenty to celebrate at Old Mutual Business School 2006 graduation

    31 Mar  2006

    On March 31, Old Mutual's head office in Pinelands played host to the Old Mutual Business School's Amathuba graduation ceremony to recognise the 200 learners from across the group who successfully completed their learning programme.

  • Paul Hanratty to replace Roddy Sparks as MD of Old Mutual South Africa

    23 Mar  2006

    Old Mutual today announced that Paul Hanratty has been appointed as MD of Old Mutual South Africa, replacing current MD Roddy Sparks.&nbsp; The appointment will be effective from 30 June 2006.

  • Old Mutual providing opportunities to Islamic Investors

    16 Mar  2006

    As part of its drive to develop appropriate solutions for people who share similar values and principles, Old Mutual is continually looking for ways to provide followers of the Islamic Faith with opportunities to achieve their investment goals and build financial security without compromising their religious beliefs.

  • Old Mutual comments on lump sum retirement payments

    10 Mar  2006

    South Africa's leading financial institution, Old Mutual, says that in principle, the promotion of income benefits over lump sum benefits at retirement must be supported as was advanced by the National Treasury this week.

  • Old Mutual Smoothed Bonus Funds 2005 rates declaration

    9 Mar  2006

    Investors in Old Mutual’s Smoothed fund range can look forward to a handsome increase in their current policy values as the country’s largest life assurer declares smoothed bonus rates of between 17.8% and 20.00% for 2005, depending on the structure and tax status of the specific fund.

  • Retirement funds must heed the call of socially responsible investments

    8 Mar  2006

    The government’s programme of sustained infrastructure development presents a huge opportunity for Socially Responsible Investments (SRI) by retirement funds.<BR>

  • Top leaders launch 33rd annual Budget Speech Competition

    2 Mar  2006

    Last week, Nedbank and Old Mutual, together with National Treasury, launched the 2006 Nedbank Old Mutual Budget Speech Competition at a function attended by Finance Minister, Trevor Manuel.

  • Old Mutual welcomes reduction in Retirement Fund Tax

    15 Feb  2006

    Old Mutual welcomes the significant reduction in Retirement Fund Tax (RFT) announced by Finance Minister Trevor Manuel today as part of his 2006 Budget speech.

  • New tax treatment of medical scheme contributions provides opportunities for consumers and employers

    15 Feb  2006

    For consumers and employers alike, one of the most important features to come out of the 2006 Budget is the confirmation of the change in the way medical scheme contributions will be treated for tax purposes from 1 March 2006.

  • Recognising South Africa’s top performing hedge funds

    10 Feb  2006

    Six of South Africa’s top performing hedge funds were recognised for their achievements at the second annual Old Mutual Symmetry Hedge Fund Awards in Cape Town last night.

  • What HIV/AIDS does to your retirement fund

    9 Feb  2006

    The impact of HIV/AIDS on the financial health of retirement funds can be quite severe. Trustees and members of retirement schemes need to monitor this closely, advises Richard Treagus, Group Assurance Executive at Old Mutual Corporate.

  • Unit Trust investors move towards medium-risk funds

    31 Jan  2006

    The SA equity market may have delivered bumper returns of close to 50% last year, yet both income and growth unit trust investors preferred to opt for funds with medium- to low- equity exposures rather than equity-centric funds.

  • Old Mutual Asset Management (US) reaches new high of $226.3 billion in total assets under management

    25 Jan  2006

    Old Mutual’s strategy of building a global financial services company off a strong South African base continued in 2005 as the group made waves on both sides of the North Atlantic Ocean.

  • Old Mutual to align transfer option with industry solution

    13 Dec  2005

    Old Mutual welcomes the industry wide solution to the challenge of early termination values for retirement annuities (RA’s) and endowment policies announced by Finance Minister Trevor Manuel today.

  • Locally developed IT brings global accolades for Old Mutual

    5 Dec  2005

    <STRONG>Cape Town - 5 December 2005&nbsp;-&nbsp;</STRONG>Old Mutual's strategy of building a global financial institution off a strong South African base was again demonstrated as Selestia, the group's UK based greenfields business that is run off an IT platform developed by Old Mutual in South Africa, scooped an outstanding four UK industry awards.

  • Old Mutual RA transfer put on hold pending industry solution

    2 Dec  2005

    <STRONG>Cape Town - 2 December 2005 -&nbsp;</STRONG>Following recent indications that the life industry is progressing well towards an industry wide solution to the challenge of enhancing RA paid-up values equitably, Old Mutual has put on hold the launch of its retirement annuity transfer option. <BR>

  • Old Mutual Unit Trusts reduces initial fee

    30 Nov  2005

    Old Mutual Unit Trusts (OMUT) is removing its initial administration fee on all investments over R5000 as from tomorrow in an effort to enhance customer value.

  • Old Mutual apologises

    23 Nov  2005

    <STRONG>Cape Town - 22 November 2005 - </STRONG>Old Mutual said on Tuesday that it apologises for any confusion and hurt caused by the arguments used by its lawyers in the racism case brought before the Labour Court by an Old Mutual employee.

  • Old Mutual announces additional measures against racism in the workplace

    23 Nov  2005

    <DIV><STRONG>Cape Town - 23 November 2005 - </STRONG>Old Mutual has announced it will appoint an external expert to conduct a fact-finding exercise into the history of the recent racism case brought before the Labour Court. In the case an Old Mutual employee and his union are seeking damages, after alleging that the group did not act properly against another employee guilty of making a racist remark. </DIV>

  • December rate hike unlikely

    23 Nov  2005

    It is unlikely that the Reserve Bank will raise rates in December after consumer price inflation figures came in below expectations today, says Old Mutual Asset Managers economist Johann Els.

  • Thabo Dloti is appointed as Old Mutual South Africa Deputy MD

    22 Nov  2005

    Old Mutual today announced the appointment of Thabo Dloti (36) as Deputy MD of Old Mutual South Africa. Dloti joins Paul Hanratty and Peter de Beyer as one of three Deputy MD's responsible for the Old Mutual Group's South African operations.

  • Old Mutual opens up its Smoothed Bonus books to external auditors

    17 Nov  2005

    In a major step towards improving its levels of transparency to clients, Old Mutual has engaged independent auditor, KPMG, to provide independent assurance in respect of governance of the internal practices and processes of a number of its Smoothed Bonus portfolios.<BR>

  • Old Mutual MD Roddy Sparks: "We don't want racists on our payroll"

    8 Nov  2005

    Old Mutual has clarified its position on the case currently before the Labour Court, arising from the use of a racial slur by an individual employee in 2003. <BR>

  • Sonn head of Personal Financial Advice at Old Mutual

    31 Oct  2005

    <P>Old Mutual has appointed Crispin Sonn as head of its 3 500-strong financial adviser force, the largest in South Africa. </P>

  • Old Mutual Academy trains more than 70 Black Financial Planners

    31 Oct  2005

    More than 70 black graduates are in the process of becoming independent financial advisers at the Old Mutual Academy for Financial Planners in Johannesburg, which celebrated its third graduation on Friday October 28.<BR>

  • R32 billion group in the making as Old Mutual Properties buys Marriott

    27 Oct  2005

    A property group, with assets of R32 billion, is set to emerge from the acquisition of the Marriott property business by Old Mutual Properties.

  • December rate hike not a foregone conclusion

    27 Oct  2005

    It is not a foregone conclusion that the Reserve Bank will raise rates in December, although the risk of higher rates sometime over the next 12 months have increased, says Old Mutual Asset Managers (OMAM) economist Johann Els.

  • Old Mutual announces successful placing of its unsecured subordinated callable bond

    25 Oct  2005

    <DIV><SPAN lang=EN-US style="FONT-FAMILY: Arial; mso-ansi-language: EN-US"><FONT face=Verdana>Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA), a wholly-owned subsidiary of Old Mutual&nbsp; plc, announced today that it has successfully placed R3bn of unsecured subordinated callable bonds. The bonds have a&nbsp;15 year legal maturity but are callable by Old Mutual after 10 years on 27 October 2015.</FONT></SPAN></DIV>

  • Modern Umbrella Funds - fewer headaches, more accountability

    20 Oct  2005

    There are increasing demands on the financial services industry in South Africa to provide products that are transparent, simple and cost effective.<BR>

  • Thousands of Old Mutual staff become shareholders

    20 Oct  2005

    Today was a key milestone in Old Mutual South Africa's Black Economic Empowerment (BEE) deal as more than 11 000 staff members received their share offer to participate in the group''s broad-based plan, making them part owners of the business.<?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>

  • Old Mutual announces subordinated unsecured callable bond issue

    11 Oct  2005

    <P>Old Mutual Life Assurance Company (South Africa) Limited (OMLACSA), wholly-owned subsidiary of Old Mutual plc, announced today that it intends to issue subordinated, unsecured, callable, bonds. </P>

  • Foreigners upbeat on SA construction prospects

    30 Sep  2005

    Foreign investor optimism about the prospects for South African infrastructure development has sent construction company shares soaring over the past two months.

  • Old Mutual supports constitutional court judgment on medicine pricing regulations

    30 Sep  2005

    Old Mutual Healthcare says it supports the Constitutional Court's (the Court) judgment that the Regulations relating to a transparent pricing system for medicines and scheduled substances (medicine pricing regulations) as a whole are valid, but that the controversial medicine dispensing fee, is not valid and must be reviewed.&nbsp; <BR>

  • Old Mutual plc appoints Group Director for Southern Africa

    29 Sep  2005

    Old Mutual plc is pleased to announce the appointment of Bob Head (47) as Group Director, Southern Africa. Head, who is currently Old Mutual plc Group Human Resources and Strategy Director, will take up his new appointment on 3 October 2005.

  • Old Mutual announces resignation of Deputy MD Peter Moyo

    23 Sep  2005

    Old Mutual has announced the resignation of Deputy Managing Director, Peter Moyo, effective 31 October. Moyo has resigned to head up the African operations of Alexander Forbes. <?xml:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" /><o:p></o:p>

  • Old Mutual tackles South Africa's retirement savings crisis

    22 Sep  2005

    The majority of South Africans are not saving for their retirement. Official statistics show that less than 5-million South Africans are currently contributing towards a retirement fund. The implication is that the majority of the remaining 19-million South African adults are likely to rely on the government to help them fund their retirement years.<BR><BR>

  • Investors opt for absolute returns rather than equities

    21 Sep  2005

    Investors have been much more cautious during the current two year equity market rally than before, with an ever increasing flow of retail money finding its way into absolute return funds.

  • Oil prices more volatile in wake of Hurricane Katrina

    15 Sep  2005

    <DIV>Consumers can expect oil prices to remain high and volatile in the wake of Hurricane Katrina because the market is very tight and vulnerable to supply disruptions, says Old Mutual Asset Managers (SA) head of equity research Michael Schroder.&nbsp;</DIV> <DIV>&nbsp;</DIV>

  • Old Mutual innovates investment insurance to protect pension payouts

    24 Aug  2005

    The trustees of South Africa’s R867-billion pensions fund industry are increasingly under pressure to protect the accumulated benefits of some 9-million members at the time they exit a fund.

  • Old Mutual's flagship Smoothed Bonus Fund declares 18%

    17 Aug  2005

    Smoothed bonus funds are generally not perceived as exciting, especially not when equity markets are running strong. But when it comes to investing, exciting may not always be the best experience, given the market's erratic behaviour. <BR>

  • Black ownership of Old Mutual Healthcare reaches 36%

    16 Aug  2005

    Old Mutual Healthcare and Kwacha, the holding company of 100% black owned Sizwe Medical Services (SMS), today announced the proposed merger of their businesses that will result in the healthcare subsidiary of Old Mutual being 36% black owned.

  • Old Mutual and Nedbank to save more than R1 billion

    4 Aug  2005

    <P>Old Mutual and Nedbank today announced one of the country's biggest information and communications technology (ICT) deals ever, which will enable both companies to collectively achieve cost savings of more than R1 billion in the next five years.</P>

  • Old Mutual and Nedbank sign R1.8 billion ($265 million) network outsourcing agreement with CSC and Telkom

    4 Aug  2005

    Telkom SA Limited (NYSE and JSE: TKG) and Computer Sciences Corporation (NYSE: CSC) today announced that the two companies have been awarded a R1.8 billion ($265 million) five-year network outsourcing contract with Old Mutual (LSE and JSE: OML), the largest financial services group in South Africa, and Nedbank (JSE: NED), one of the four largest banking groups in South Africa.

  • Old Mutual launches South Africa's first Islamic Retirement Scheme

    2 Aug  2005

    Old Mutual has launched South Africa's first ever Islamic Law compliant retirement scheme, thereby becoming the first company to design an investment and insurance product that complies with both Islamic Law and South African financial services legislation.

  • Corporate contribution in HIV/AIDS battle recognised

    1 Aug  2005

    <P>Old Mutual’s ongoing efforts to prevent the spread of HIV/AIDS and address its consequences have been recognised in the Mail &amp; Guardian’s annual Investing in Life Awards.</P>

  • Organic farmers plant a seed of hope in Delft

    1 Aug  2005

    Better known for unemployment, crime and violence, the Cape Flats community of Delft has produced an unlikely crop – an enthusiastic group of organic farmers, who are turning an urban wasteland into a viable commercial venture.

  • Old Mutual thinking 'Out of the Box'

    1 Aug  2005

    Following the huge success of 20 pilot projects in Gauteng for an innovative teacher support programme, the Old Mutual Foundation has committed itself to rolling out Out of the Box project to make teaching in the country more effective.

  • Lower inflation number not likely to lead to rate cut

    28 Jul  2005

    The lower-than-expected June consumer inflation figure was a welcome indication of still very subdued underlying inflationary pressures. But inflation is expected to continue trending upwards until the end of the year, stopping just short of 5% in December, says economist Johann Els at Old Mutual Asset Managers (SA) (OMAM).

  • Winter gift for residents of Soweto Home of the Aged

    25 Jul  2005

    The Johannesburg area is one of the coldest places to be in South Africa on a cold winter's night. For the elderly in particular, the bone-chilling temperatures can be painfully unpleasant and even life threatening.

  • Chinese yuan revaluation to improve durability of global upswing

    22 Jul  2005

    The revaluation of the Chinese yuan yesterday was small and expected, says Old Mutual Asset Managers (South Africa) economist Rian le Roux. “It’s what the world has been waiting for, it has started and it’s good news.”

  • Old Mutual launches Financial Education Series - Drama with a Twist

    21 Jul  2005

    Let's face it - financial education, in most instances, is simply not fun. Although there are many booklets, workbooks and programmes that encourage the development of better financial management skills, they are usually painfully dull and fail to inspire any meaningful behaviour change.

  • Old Mutual hits Top 300 biggest companies in the world

    12 Jul  2005

    South African and London listed financial services company, Old Mutual, is now one of the 300 biggest companies in the world.

  • Investors urged to sit tight in wake of London bombings

    7 Jul  2005

    <P>While we deplore the events that have taken place in London and extend our sympathy to the civilians who have been affected, unexpected world events do take place from time to time and the financial markets tend to overreact in the immediate aftermath. </P>

  • Milestone reached in transformation of financial planning

    30 Jun  2005

    Johannesburg - 30 June 2005 - A milestone in the transformation of financial planning was reached today with the graduation of the first 29 black independent financial advisers from the Old Mutual Academy for Financial Planners in Johannesburg.

  • Global economy still broadly South Africa-friendly

    28 Jun  2005

    Global demand conditions, although less robust than 2004, remained supportive of the domestic economy, which was expected to growth by more than 4% this year, said Old Mutual Asset Managers economist Rian le Roux at the asset manager’s biannual Economic Monitor press conference.<BR><BR>

  • Twelve Apostles Church in Christ celebrate launch of Old Mutual Funeral Protection Plan

    23 Jun  2005

    More than 5 000 people gathered at the Dobsonville Soccer Stadium in Soweto last Sunday to witness the launch of The Twelve Apostles Church in Christ's (T.A.C.C.) funeral protection plan.<BR>

  • OMNIA and SELESTIA give Old Mutual reason to celebrate

    10 Jun  2005

    Hundreds of guests attended Old Mutual's 160th birthday celebrations in Sandton on Thursday evening to celebrate the group's long list of achievements since it's founding in 1845.

  • OMAM (SA) appoints new Money Market Fund Portfolio Manager

    2 Jun  2005

    Old Mutual Asset Managers (South Africa) (OMAM (SA)) is pleased to announce the appointment of Ameesha Chagan as portfolio manager of Old Mutual’s Money Market Fund as well as other specialist money market funds.

  • Keep your Medical Aid contributions up to date – it could save your life

    27 May  2005

    Regular payment of your medical aid contributions could prove critical and possibly save your life. Sadly, some members of medical aid schemes simply do not bother to check if their monthly contributions have been paid. Failure to keep your medical aid contributions up to date could have serious consequences.

  • Transformation pays off for Old Mutual

    26 May  2005

    Cape Town --- 26 May 2005. Commenting on the release of Old Mutual’s 2004 Corporate Citizenship Report this week, Old Mutual South Africa MD, Roddy Sparks, says Old Mutual is committed to contributing to social development in a manner also good for shareholders and clients.&nbsp;&nbsp;

  • Socially Responsible Investing: Role of Retirement Fund Trustees

    23 May  2005

    <DIV>Socially responsible investing (SRI) is a growing force in the international, and local, investment environments, yet few local retirement funds have developed an SRI strategy. </DIV>

  • Hunt for income yield reaches new levels

    16 May  2005

    <DIV> <P>Investors reliant on income are moving into specialist income funds in an attempt to maximise their income yields in a low interest rate environment.</P></DIV>

  • Avoiding maintenance burnout for motorists

    9 May  2005

    <DIV><SPAN lang=EN-US style="FONT-FAMILY: Arial"> <P><FONT face=Verdana>Despite the recent cut in the interest rate, which brought relief to some already stretched household incomes, motorists will from this week feel the pinch and pay an extra 20c for a litre of all grades of petrol.</FONT></P></SPAN></DIV>

  • Diversify offshore for the right reasons

    3 May  2005

    <P>When the emerging markets crisis of 1998 caused the rand to depreciate against the US dollar from R4.86 to R6.46, many South African investors panicked and rushed their money offshore. </P>

  • Investing Offshore - Opportunity Knocks?

    3 May  2005

    With the rand still relatively strong - even in the wake of a surprise 50 basis point interest rate cut in April - it may be an opportune time to reconsider the benefits of investing offshore.

  • Black Ownership of Old Mutual (SA) now worth R4.3bn

    19 Apr  2005

    The Old Mutual Group today unveiled its highly anticipated R7.1 billion black economic empowerment transaction that incorporates the separate but inter-dependent transactions of each of its three South African subsidiaries - Old Mutual South Africa, Nedcor and Mutual &amp; Federal.

  • Strong Rand squeezes foreign tourist’s wallet

    18 Apr  2005

    <P>There’s been much heated debate about how harshly the strong rand has affected the South African tourism industry during the past few years. </P>

  • Unfettered Investing paves way for Topnotch Returns

    4 Apr  2005

    OMAM’s Profile Pinnacle fund leads the pack

  • Old Mutual Healthcare tops Service Survey

    1 Apr  2005

    Cape Town - 1 April 2005. Old Mutual Healthcare dominated the results of the annual TWIG SA research into service levels across the Healthcare industry, being ranked by medical providers as first in terms of overall service. Scheme members ranked Old Mutual second in terms of satisfaction, and second for overall service.

  • Masthead and Metropolitan sign Heads of Agreement

    31 Mar  2005

    Metropolitan Odyssey and Masthead announced today that they have signed a Heads of Agreement document and are in the final stages of negotiation in regard to a formal distribution agreement.

  • OMAM (SA) brings top-rated investment professional on board

    31 Mar  2005

    Old Mutual Asset Managers (South Africa) is pleased to announce the appointment of top-rated strategist, Peter Brooke, to its macro-strategy team.

  • Old Mutual Bank set for sterling 2005

    30 Mar  2005

    Old Mutual Bank, the Nedcor/Old Mutual bancassurance joint venture launched two years ago, is meeting its sales targets comfortably and has all the attributes needed to become a major retail bank, says CEO Japie van Niekerk.

  • Old Mutual Foundation upgrades classrooms

    22 Mar  2005

    After four years of holding classes in the open air, a R20 000 donation from the Old Mutual Foundation has funded the building of classrooms at the Chivirikani Madonsi Learning Centre in Limpopo.

  • Old Mutual Asset Managers Announcement

    18 Mar  2005

    Old Mutual South Africa announced today that they are terminating negotiations with Standard Bank of South Africa and The Bank of New York regarding the establishment of an SA-based joint venture investment administration company.

  • Multi-manager and Absolute Return - an Award Winning Combination

    17 Mar  2005

    The multi-manager approach to asset management has proven itself in recent years. This is especially true for Old Mutual's multi-manager unit trust funds, two of which have been delivering award-winning performances.

  • Old Mutual takes most Unit Trust Awards from Standard & Poor's

    17 Mar  2005

    Old Mutual Unit Trusts and Old Mutual Asset Managers (SA) walked away with 11 performance awards at last night's Standard & Poor's Fund Awards ceremony, presented in association with Financial Mail.

  • Old Mutual rolls out a new Funeral Support Service

    7 Mar  2005

    Old Mutual Group Assurance, a division of Old Mutual Employee Benefits, has announced that 700 000 of its policy members and their families are now eligible for a variety of benefits and assistance under its new Funeral Support Service (FSS).

  • Staff bring heart and passion to projects

    1 Mar  2005

    In 2003, Old Mutual’s Staff Volunteer Programme was awarded the Mail &amp; Guardian’s Investing in the Future Award for Corporate Volunteerism. This programme has continued to evolve during 2004, introducing more staff to volunteerism.

  • Board Appointment

    28 Feb  2005

    Old Mutual plc is pleased to announce that Wiseman Nkuhlu has been appointed as a non-executive director with effect from 1 March 2005.

  • Old Mutual plc - Preliminary Results for the year ended 31 December 2004

    28 Feb  2005

    Profits rise strongly

  • Final Dividend for the year ended 31 December 2004 (No. 11)

    28 Feb  2005

    The Directors of Old Mutual plc are recommending a final dividend for the year ended 31 December 2004 of 3.5p per share (making a total of 5.25p for the year).

  • Good News for People over 65

    25 Feb  2005

    There is good news in Trevor Manuel’s budget for people in their golden years, says Old Mutual Regional General Manager in the Eastern Cape, Mike Andrews.

  • Trevor opens doors for Brokers - Masthead

    25 Feb  2005

    Masthead Managing Director Peter Dempsey says there are new opportunities for brokers that have been opened up by the latest budget presented by Trevor Manuel.

  • Budget Viewpoint - Paul Hanratty, Deputy Managing Director, Old Mutual South Africa

    25 Feb  2005

    If you add up all the pieces of the pie that the taxman will give back to you, courtesy of Trevor Manuel's budget, it could make a great difference to your financial health. These pieces of the pie could be substantial as Trevor tried to give a slice to everyone, young and old, at every salary level, and especially to entrepreneurs.

  • Western Cape Students excel in Nedbank and Old Mutual Budget Speech Competition

    24 Feb  2005

    CAPE TOWN – 24 February 2005 – University of Cape Town student, Margaret Irving, was named the Postgraduate winner of the Nedbank and Old Mutual Budget Speech Competition, at a banquet hosted by the sponsors and with Finance Minister Trevor Manuel as guest of honour last night.

  • Trevor cuts down on Red Tape for Entrepreneurs

    23 Feb  2005

    Old Mutual market development manager of SMEs, André Diederichs said today that the budget provided a shot in the arm for small businesses by removing some of the red tape that was bogging them down and through providing tax relief of R1,4 billion.

  • Old Mutual's Roddy Sparks welcomes "Growth Budget”

    23 Feb  2005

    Old Mutual South Africa Managing Director Roddy Sparks has welcomed the strong growth focus of the 2005/2006 Budget, tabled by Finance Minster Trevor Manuel in parliament today.

  • Jim Sutcliffe to become Chairman of Old Mutual's South African Life Company

    21 Feb  2005

    Old Mutual Life Assurance Company of South Africa (OMLACSA), the wholly-owned life assurance subsidiary of Old Mutual plc, has announced that its current Chairman Mike Levett is to retire from the Board in April. He will be replaced by Jim Sutcliffe, CEO of Old Mutual plc.

  • Recognising South Africa's Top Performing Hedge Funds

    19 Feb  2005

    The veil came off South Africa’s enigmatic hedge fund industry this weekend, when top performing hedge fund managers were publicly recognised for the first time ever at a glittering awards ceremony in Johannesburg.

  • School Cooks up a Storm thanks to Old Mutual Foundation

    18 Feb  2005

    For 26 years, teachers and parents at the Tshiluvhi Primary School near Thohoyandou in Limpopo Province have struggled to prepare learners’ meals outdoors under conditions ranging from baking heat to torrential downpours.

  • Old Mutual makes great strides in finding Shareholders

    18 Feb  2005

    Old Mutual has tracked down 2,77 million shareholders to whom it gave free shares at the group's 1999 demutualisation in one of the biggest economic empowerment exercises South Africa has seen.

  • Comair takes flight with Old Mutual Evergreen

    14 Feb  2005

    JSE-listed Comair Limited, which operates the local British Airways and low cost carrier kulula.com flights, has fully outsourced the management of its staff pension fund to Old Mutual Evergreen.

  • Banking Resolutions for 2005

    14 Feb  2005

    The relationship you have with your bank depends a great deal on your understanding of the basic banking rules.

  • Mutual and Federal Results Announcement

    9 Feb  2005

    Mutual & Federal today (Wednesday 9 February 2005) announced the results of the group for the year ended 31 December 2004.

  • OMAM(SA) announce Staffing Changes

    9 Feb  2005

    Adrian Allardice has been appointed Head of Asset Allocation and Strategy OMAM following the resignation of Charles de Kock. Allardice has 27 years of experience in the investment industry and joined OMAM in 1987. He has been a key member of OMAM’s Strategy team since 1995.

  • Has your House reached its Sell By Date?

    8 Feb  2005

    With property prices booming in many parts of the country, is it time to sell your house and enjoy a healthy profit?

  • Ou Mutual verbind tot Maatskaplike Opheffing in Limpopo

    3 Feb  2005

    Ou Mutual het sy verbintenis tot holistiese en volhoubare gemeenskapsontwikkeling in die Limpopo provinsie verlede jaar getoon deur meer as R1 300 000 na maatskaplike beleggings te kanaliseer deur middel van sy organisasie belas met korporatiewe maatskaplike verantwoordelikheid, die Ou Mutual Stigting.

  • Old Mutual committed to Social Upliftment in Limpopo

    3 Feb  2005

    Old Mutual last year underlined its commitment to the promotion of holistic and sustainable community development in the Limpopo province by channeling over R 1 300 000 into social investments via its corporate social responsibility arm, the Old Mutual Foundation.

  • Double Digit Bonuses for Smoothed Bonus Investors

    3 Feb  2005

    Individual investors in Old Mutual's new generation Smoothed Bonus funds can look forward to a handsome increase in their current policy values as the country's largest life assurer declares a smoothed bonus rate of 11% for 2004. The interim smoothed bonus rate for 2005 remains at 6%.

  • Introducing South Africa’s first ever Hedge Fund Awards

    2 Feb  2005

    Old Mutual’s multi-manager, Symmetry, is going to pull the veil off South Africa’s enigmatic hedge fund industry by revealing the top performers at a gala event later this month.

  • The Local Economic Outlook for 2005

    27 Jan  2005

    Set against a benign global backdrop, South Africa has every reason to revel in its newfound optimism.

  • Kokstad Soccer Team kicks off season with R6000 from Old Mutual Foundation

    2 Jan  2005

    Thanks to the efforts of dedicated community members, 250 children from the Extension Seven area of Kokstad are now receiving top class training in soccer and netball and holding their own against some of the most established teams in the country.

  • Long Term Return Expectations in a Low Inflation Environment

    1 Jan  2005

    Many investors brave enough to abandon the relative safety of fixed interest investments for equity-linked investments were rewarded handsomely last year - the average return of local general equity funds was 38%.

  • Zesty Ketties win Old Mutual Young Tycoons 2004 Competition

    5 Nov  2004

    “Zesty Ketties”, an innovative business that makes and markets catapults, was announced as the winner of the Old Mutual Young Tycoons 2004 competition in Limpopo.

  • Old Mutual Foundation ensures watertight Limpopo Project

    1 Nov  2004

    A lengthy four-year fundraising campaign by a remote Limpopo Province high school, which previously relied on water supplies collected by the pupils in buckets from a nearby river, has finally ended in success with the official handover of a modern borehole, water piping and storage tanks worth R55 000.<p>

  • Old Mutual Properties launches Training Courses for Retailers

    22 Sep  2004

    A series of training courses for smaller retailers and their management and staff has been launched by Old Mutual Properties as part of an educational programme for tenants and service providers in the 10 major shopping centres in its management portfolio.

  • New MD for Old Mutual Unit Trusts

    22 Sep  2004

    Old Mutual Unit Trusts (OMUT) will be under new leadership as from 1 October 2004 when Ralph Mupita takes over as MD from John Bryant. Bryant will be focusing his full attention on the crucial area of retail product development, the position to which he was appointed on 1 January 2004.

  • Offshore investing made easy

    15 Sep  2004

    Old Mutual will be making it easier for investors to diversify offshore by replacing its existing range of offshore products with one easy to understand, transparent and flexible life product.

  • Offshore investing made easy

    15 Sep  2004

    Old Mutual will be making it easier for investors to diversify offshore by replacing its existing range of offshore products with one easy to understand, transparent and flexible life product.

  • Oxygen rating increase

    15 Sep  2004

    CAPE TOWN - 26 August 2004 -Oxygen, the retail medical aid scheme marketed and administered by Old Mutual Healthcare, has received a shot in the arm from Global Credit Rating Co (GCR) which has announced that it has upgraded Oxygen's claims paying ability rating from an "A" to an "A+".

  • Old Mutual launches programme to train 685 Financial Services Professionals by 2008

    2 Sep  2004

    CAPE TOWN - 1 September 2004 - A learnership programme aimed at "nurturing a new generation of talented professionals" and giving 685 unemployed matriculants a qualification in the financial services industry by 2008 was launched today at Old Mutual's Business School by Nicky Bicket, the company's General Manager of Human Resources.

  • MYHealth and Oxygen Medical Schemes merge

    2 Sep  2004

    CAPE TOWN --- 23 July 2004. MYhealth Medical Scheme has merged with one of the country’s leading medical aid schemes, Oxygen Medical Scheme, following approval by the Registrar of Medical Schemes.

  • Sharper Focus on Valuations seen as Listed Property Sector grows

    24 Aug  2004

    Continued growth in the listed property sector through acquisitions and listings will place an even sharper focus on the integrity and market relativity of valuations, says Trevor King, manager of the valuation and professional services division of Old Mutual Properties.

  • Old Mutual launches New Investments

    12 Aug  2004

    The inflation rate is currently at its lowest levels in 25 years and is expected to remain at these levels for some time to come. Since lower inflation generally results in lower returns for investors, Old Mutual has launched a competitively priced investment product aimed at providing investors with great value. 

  • Old Mutual announces Two Senior Appointments

    20 Jul  2004

    CAPE TOWN - 19 JULY 2004 - Old Mutual today announced two senior appointments that, it says, will “further embed both the cause and spirit of transformation” in its South African operation. Bertie van Wyk currently Acting CEO of Employee Benefits has been confirmed as the CEO of that business. Benjamin Kodisang is set to take over from Ian Watt as Managing Director of Old Mutual Properties.

  • Senior Judge to be Honoured

    24 Jun  2004

    From working as a court interpreter in Worcester to presiding as a High Court judge in Cape Town - this is the journey travelled by one of the country's senior judges, Mr Justice Ntlupheko James Yekiso who will be honoured at a event hosted by the Black Lawyers' Association (BLA) at Old Mutual in Cape Town this weekend (Saturday June 26).

  • Masthead Passes the 1000 Member Mark on First Day

    14 Jun  2004

    Johannesburg - 11 June 2004 - Masthead Distribution Services, an innovative network aimed at supporting the businesses of independent financial advisors was launched yesterday by Old Mutual and signed up its 1000th member in the first few hours of operation, adding just over 100 more before close of business on the first day.

  • New Financial Services Company Launched

    10 Jun  2004

    Johannesburg - 10 June 2004 - A new company, Masthead Distribution Services, of which Old Mutual is the majority shareholder, was launched today to support the increasingly threatened practice of the independent financial adviser.

  • South Africa wins 26th gold medal at Chelsea Flower Show

    8 Jun  2004

    South Africa has scooped its 26th Gold Medal at the prestigious Chelsea Flower Show, which opened in London today (25 May) and runs until Friday (28 May).

  • Old Mutual's Third Corporate Citizenship Report shows "solid growth" in momentous year for transformation

    30 Apr  2004

    JOHANNESBURG --- 29 April 2004. Old Mutual's third annual Corporate Citizenship Report (CCR) was launched here today, with the company announcing that its transformational growth had been "solid" over the last year.

  • Old Mutual first of big players to be licensed

    20 Apr  2004

    Johannesburg – 20 April 2004 - Old Mutual has become the first of the major players in the financial services industry to be awarded a licence under the new law regulating financial advisors, the Financial Services Board announced today.

  • An African Sun rises at Chelsea Flower Show 2004

    7 Apr  2004

    The designers of the South African stand at the Chelsea Flower Show have spectacular plans for this year's show with an exhibit celebrating South Africa's 10 years of freedom titled "Under an African Sun".

  • Old Mutual opens doors to first Academy for black financial planners

    6 Apr  2004

    JOHANNESBURG --- 6 April 2004. OLD MUTUAL notched up another first for the South African financial services industry today when it officially opened the doors to the country's first Academy for Financial Planners, an initiative aimed at training young black graduates wanting to become independent financial planners.

  • Zambezi Wakka on track following release of crew

    5 Apr  2004

    The nine South Africans detained in Zimbabwe last week landed their three motorised boats on Zambian soil on Saturday, Old Mutual said in a statement today, Sunday (04 April, 2004).

  • Alliance to fight malaria forged at Victoria Falls

    29 Mar  2004

    29 March - A cross-border alliance was forged at Victoria Falls this weekend between South Africa, Zambia and Zimbabwe when representatives of the three countries met to co-ordinate efforts in the battle to wipe out Malaria.

  • The Old Mutual Zambezi Wakka - Supporting the battle against malaria

    23 Mar  2004

    Nine South African executives left Friday March 19 for the start of the Old Mutual Zambezi Wakka near the Angolan border on a mission to spread the word about malaria and raise funds for anti-malaria projects.

  • Old Mutual Properties partners with ICS

    12 Mar  2004

    Old Mutual Properties (OMP), a part of London-listed Old Mutual plc, announced it is setting up one of India’s first full service commercial property companies in a joint venture with ICS Infrastructure.

  • Smoothing continues to show value for investors

    2 Mar  2004

    Cape Town --- 2 March 2004. What has proven to be a nightmare ride for many investors with stock market exposure over recent years has been a smooth ride for policyholders invested in smoothed bonus funds.

  • Two more years to claim your shares

    26 Feb  2004

    CAPE TOWN --- 26 February 2004.

  • Winners named in Nedbank and Old Mutual Budget Speech Competition

    19 Feb  2004

    CAPE TOWN - 18 February 2004 -The six winners in the Nedbank and Old Mutual Budget speech competition, representing four different universities, were named at a banquet attended by Finance Minister Trevor Manuel.

  • Old Mutual's Roddy Sparks applauds "Balanced and Cautious" budget

    18 Feb  2004

    CAPE TOWN - 18 February 2004 – The 2004/2005 Budget, tabled by Finance Minster Trevor Manuel in parliament, represents a “balanced and cautious” approach, Old Mutual South Africa Managing Director Roddy Sparks said this afternoon.

  • Claim your free shares - sooner rather than later

    12 Feb  2004

    CAPE TOWN --- 12 February 2004. If you had a policy with Old Mutual on 25 September 1998 and have not claimed your free shares the company gave you when it demutualised, you could lose out on a lot of money.

  • Leadership is Key, says Old Mutual

    9 Feb  2004

    Johannesburg - 27 August, 2004 - IT was important to celebrate leadership in South Africa, as this skill was key to growing the South African economy, Old Mutual CEO in Gauteng, Khehla Mthembu said today.

  • Old Mutual Asset Managers to change Leadership

    9 Feb  2004

    Old Mutual South Africa today announced the resignation of Sello Moloko, CEO of Old Mutual Asset Managers (OMAM(SA)). He will be replaced by Thabo Dloti, currently Executive General Manager: Group Schemes at Old Mutual.

  • Cyclists draw inspiration from children orphaned by AIDS

    15 Jan  2004

    DURBAN - 15 January, 2004 - The brave faces of children orphaned by AIDS have energised the group of 17 cyclists who tomorrow begin an arduous cross-country journey to raise money for children left destitute by the pandemic.

  • Retirement Planning for Domestic Workers

    12 Jan  2004

    A major challenge facing the more than one million domestic workers in South Africa is the question of how to prepare for retirement with the help of their employers.

  • Old Mutual wheels out Barrows of Hope - December 2004

    12 Jan  2004

    Financial services giant Old Mutual has launched an innovative shopping concept that will help bridge the divide between unemployed rural women and urban shoppers on the lookout for beautiful, hand-crafted items.<p>

  • Old Mutual and British Council drum up support for Primary School Partnerships - November 2004

    11 Jan  2004

    Ten thousand kilometers and numerous cultural differences separate six Western Cape primary schools from their counterparts in the south-east London area of Southwark. But an innovative partnership system, funded by Old Mutual plc and the British Council, could soon help both schools enhance classroom teaching in all subjects and help pupils and teachers gain new skills, attitudes and experiences through meeting their counterparts from another country.<p>

  • Consumer Champion Old Mutual launches First Academy for Black Financial Planners

    28 Nov  2003

    CAPE TOWN --- 14 November 2003. OLD MUTUAL has notched up another first for the South African financial services industry by announcing the country's first Academy for Financial Planners that will place young black men and women on the road to a career as a financial planner.

  • Community Builder of the Year

    14 Nov  2003

    JOHANNESBURG - 13 November 2003. Old Mutual SA Managing Director Roddy Sparks paid tribute to Community Builder of the Year winner, Emelinah Tembe last night, saying that she, together with the other finalists in the awards, was an "inspiration"

  • Old Mutual scoops Social Investment Awards

    31 Oct  2003

    JOHANNESBURG - 13 November 2003. Old Mutual SA Managing Director Roddy Sparks paid tribute to Community Builder of the Year winner, Emelinah Tembe last night, saying that she, together with the other finalists in the awards, was an "inspiration"

  • Charter in an "Extraordinary Achievement" says Old Mutual's Roddy Sparks

    17 Oct  2003

    CAPE TOWN - 17 October 2003. South Africa's largest financial services institution, Old Mutual, today welcomed the launch of the Financial Services Charter, saying that it should be seen as the financial sector's contribution to South Africa's "sustainable transformation and economic growth".

  • Emphasis moves to prevention as medical schemes battle spiraling costs

    17 Oct  2003

    With companies having kept their contributions towards healthcare costs largely constant, employees have borne the full impact of the extent to which medical inflation has exceeded salary inflation over the past 10 years.

  • Raising the standard of Retirement Fund Governance

    11 Sep  2003

    Old Mutual Actuaries & Consultants (OMAC) and Deloitte & Touche have announced a new retirement fund governance service aimed at ensuring that trustees have appropriate frameworks in place for governing their funds.

  • Cell captives and alternative risk transfer - A Panacea to all problems?

    2 Sep  2003

    HIV/AIDS and its impact on companies and retirement funds and, more particularly, its effect on traditional group risk benefits (death and disability benefits provided to employees) has been given significant attention. More recent developments have however seen other issues grab the limelight; few more so than the issue of cell captives and alternative risk transfer.

  • Nedbank and Old Mutual launch Budget Speech Competition, 2004

    22 Aug  2003

    CAPE TOWN. 22 August 2003. Local economics students have been invited to provide the intellectual "sparkle" required to walk off with some big prizes in arguably the richest competition of its kind, launched here today.

  • Old Mutual builds 11 Houses in Khayelitsha

    12 Aug  2003

    CAPE TOWN - 8 December 2003. Almost 1000 employees of financial services giant Old Mutual spent last week building 11 houses in Khayelitsha as part of a project driven by Habitat for Humanity.

  • MAYIHLOME! 2.39km RIBBON BREAKS OLD RECORD

    6 Aug  2003

    DURBAN - 6 AUGUST 2003. A record-breaking 2.39km long AIDS Awareness ribbon was lowered by crane over the main entrance to the International Convention Centre in Durban today, bringing the SA AIDS Conference to a dramatic close.

  • Mayihlome! 3km Old Mutual AIDS Ribbon under construction

    6 Aug  2003

    CAPE TOWN - 5 AUGUST 2003. Construction of a 3km long AIDS Awareness ribbon began in earnest in Durban yesterday morning, as the Old Mutual-sponsored Mayihlome! project got underway at the South African AIDS Conference.

  • Mayihlome! Old Mutual aims for new record in fight against AIDS

    6 Aug  2003

    CAPE TOWN - 1 AUGUST 2003. A team comprising structural engineers, steel manufacturers, 30 women with sewing machines and South Africa's largest life insurer, Old Mutual, have joined forces to set a new Guinness World Record - and to inspire ordinary South Africans to action against AIDS - with the construction of a 3km long awareness ribbon in Durban next week.

  • Old Mutual Strides Up The Fortune 500 Ladder

    29 Jul  2003

    Cape Town. 25 July 2003. Old Mutual, the London-listed financial services company with roots in South Africa, has been ranked 36th among the world's top fifty revenue gainers on the authoritative Fortune 500 list, entrenching the group

  • Nedbank's Internet banking is secure

    24 Jul  2003

    Nedbank's Internet banking service has not been affected by recent incidents of Internet Banking fraud and the bank's security controls are specifically designed to mitigate the risks of potential Internet fraud.

  • Nedcor/ BoE merger on track for synergies

    24 Jul  2003

    Nedcor today said the merger with BoE was progressing well and that merger synergies were being realised earlier than expected. Nedcor confirmed it would meet the targeted merger synergies of R905m each year from 2006.

  • Old Mutual Appoints Chief Executive in Gauteng

    22 Jul  2003

    Old Mutual has upped its competitive advantage in the country's richest marketplace with the appointment of marketing and entrepreneurial heavyweight Khehla Mthembu as Chief Executive of its Gauteng operation.

  • Top MBA Graduates receive Gold Medals and Certificates

    11 Jul  2003

    At a function held on 20 June at Mutualpark, Pinelands, Old Mutual awarded eleven gold medals to the top 2002 MBA and Executive MBA graduates of the University of Cape Town’s Graduate School of Business.

  • Old Mutual and Soul City launch HIV/AIDS Community Mobilisation programme in rural communities

    11 Jul  2003

    Says Peter Moyo, deputy managing director of Old Mutual, “There are potentially devastating effects of HIV/AIDS in our communities and we need to empower individuals to deal more effectively with the pandemic in order to limit its impact.

  • Stand up and be counted, says Old Mutual

    11 Jul  2003

    CAPE TOWN --- 12 July 2003. There are only 365 days left for some 300 000 Old Mutual shareholders who have not yet claimed the free shares allocated to them when the company demutualised four years ago to come forward.

  • Old Mutual Healthcare announces new Managing Director

    19 Jun  2003

    Deputy Managing Director of Old Mutual, today announced the appointment of Sizwe Mncwango as the new Managing Director for Old Mutual Healthcare.

  • Old Mutual plc

    13 Jun  2003

    Directors’ share interests

  • Old Mutual Ombudsman provides update on first two months of activity

    10 Jun  2003

    Just two months after taking office, the first internal Ombudsman employed by a life assurer in South Africa has finalised 95 queries from the public - 33 have been adjudicated, 21 in favour of the customer. - Cape Town. 29 May 2003

  • Investors running from the bear may get trampled

    10 Jun  2003

    Investors faced with three years of falling international equity markets could easily make the mistake of running away from the bear, only to find themselves missing a potential upturn. - Cape Town. 29 May 2003.

  • Staff volunteerism celebrated at Old Mutual

    10 Jun  2003

    The Old Mutual Staff Community Builder Programme, an initiative of the Old Mutual Foundation that encourages staff volunteerism, held its Annual Awards Dinner in Cape Town today to reward those with the "passion" to help those less fortunate. - Cape Town. 2 June 2003

  • Nedbank Private Banking confirms its positioning

    10 Jun  2003

    Nedbank Syfrets Private Banking has officially been renamed Nedbank Private Banking

  • ABASA and Old Mutual collaborate to train black accountants

    10 Jun  2003

    Johannesburg. 6 June 2003. Old Mutual, the country's largest financial services group, today announced a R1-million a year strategic alliance with the Association for the Advancement of Black Accountants of South Africa (ABASA) aimed at combating the "critical" shortage of black accountants in South Africa.

  • Abolition of stamp duty opens up group assurance market

    28 May  2003

    The abolition of stamp duty payable on group life cover in this year's budget has altered certain dynamics at work in this price-sensitive industry worth over R4 billion a year.

  • Fanang Diatla centre opens in Ga-Mathabatha community

    22 May  2003

    The Ga-Mathabatha community in Limpopo today had reason for celebration as the Fanang Diatla Centre was officially opened. The centre cares for 155 orphans by 25 women who, interestingly enough, were responsible for making the blocks and building the centre themselves.

  • Matching assets with liabilities enhances pensioner security

    22 May  2003

    The depreciation in asset values on the back of falling equity markets coincided last year with a surge in inflation when the headline consumer price index climbed to above 14%.

  • Matching assets with liabilities enhances pensioner security

    16 Apr  2003

    The depreciation in asset values on the back of falling equity markets coincided last year with a surge in inflation when the headline consumer price index climbed to above 14%. The result for retired people is that their annual pension increases fell far short of the inflation rate, leaving them poorer.

  • News from the Old Mutual Two Oceans race office: athlete update

    16 Apr  2003

    With four days to go until the 2003 Old Mutual Two Oceans Marathon presented by Nike, the leading clubs are all quietly confident about their athletes' ability to obtain a podium place on Saturday 19 April 2003.

  • Parousia Dance Ministries produce Christian Dancing Video

    15 Apr  2003

    Parousia Dance Ministries, a Christian dance group in Elsie's River that ministers to the youth through dancing, recently launched their first Christian dancing video. The video production, which was funded by a R20 000 donation from the Old Mutual Foundation, assists other communities to start similar initiatives.

  • Old Mutual and Soul City launch Hiv/Aids Community Mobilisation Programme in rural communities

    15 Apr  2003

    Mobilisation Programme in rural communities Says Peter Moyo, deputy managing director of Old Mutual, "There are potentially devastating effects of HIV/AIDS in our communities and we need to empower individuals to deal more effectively with the pandemic in order to limit its impact.

  • Old Mutual Healthcare contracted co administer Selfmed

    15 Apr  2003

    Old Mutual Healthcare today announced that it has been contracted to administer the Selfmed Medical Scheme with effect from 1 July 2003

  • Final countdown to the Old Mutual Two Oceans Marathon

    15 Apr  2003

    In less than 10 days time, South Africa's biggest running event to date this year will take place in Cape Town.

  • New medical scheme minimum benefits a "leap of faith" with possible unintended outcomes

    3 Apr  2003

    Significant extensions to the prescribed minimum benefits (PMB) which medical schemes are obliged to make available to members, as from 1 January 2004, have left medical schemes and their administrators grappling with the implications of implementing changes.

  • Record field for Old Mutual Two Oceans Marathon

    2 Apr  2003

    Total entries for this year's Old Mutual Two Oceans Marathon presented by Nike, have reached 14,224 - an increase of almost 15% over 2002, for the biggest field ever recorded in the history of the event.

  • Question the experts at final Old Mutual Two Oceans workshop

    2 Apr  2003

    Monday 7 April sees the final Old Mutual Two Oceans running workshop take place. The line-up of speakers include world-renowned Tim Noakes and the World of Endurance Virtual Coach, Dave Spence, who will offer final words of advice to participants of this year's Old Mutual Two Oceans Marathon presented by Nike.

  • Global award for Gateway Theatre of Shopping

    28 Mar  2003

    Gateway Theatre of Shopping, the retail, leisure and entertainment complex which opened as a focal point of Umhlanga in September 2001, has won an international design and development merit award from the International Council of Shopping Centres.

  • Last chance to enter the Old Mutual Two Oceans Marathon

    26 Mar  2003

    The deadline for entering the 2003 Old Mutual Two Oceans Marathon has been extended to this Wednesday after computer problems over the weekend prevented entries from being accepted.

  • OMAM scoops awards

    26 Mar  2003

    Bouquets are rolling in for Old Mutual Asset Managers' investment performance. OMAM has scooped four awards in the annual Standard and Poors - Financial Mail Unit Trust rankings:

  • SA inflation down but interest rate cut unlikely

    26 Mar  2003

    The South African February CPIX inflation number continued the recent downtrend and eased to 11.3% from 11.8% in January, but interest rates are likely to remain unchanged, says OMAM senior economist, Johann Els.

  • Popular ultra marathon opens field to walkers

    18 Mar  2003

    Walkers will this year be able to participate in the Old Mutual Om die Dam ultra marathon for the first time since the race was started in 1991.

  • Weekly world of endurance television show takes a breather

    18 Mar  2003

    Cape Town - Old Mutual today announced that it will be taking a break from the World of Endurance (WoE) sport TV magazine programme on SABC 2.

  • Record entries for Computer Olympiad

    18 Mar  2003

    More than 6,000 learners from all over South Africa have already entered for the 2003 Old Mutual / CSSA Computer Olympiad. This is almost double he number of entries normally received, and entries are still pouring in.

  • Old Mutual appoints internal ombudsman for long term insurance

    10 Mar  2003

    Old Mutual South Africa has announced the appointment of Advocate Gerhard de Kock as internal Ombudsman for long-term insurance, an innovation for the life assurance industry.

  • Old Mutual granted cell captive license

    3 Mar  2003

    Old Mutual Employee Benefits announced today that the Financial Services Board (FSB) had approved its application for a long-term life cell captive license that would form the basis of a new business, Old Mutual Alternative Risk Transfer Limited, operating all classes of life policies.

  • Participants’ safety prompts new route at popular ultra marathon

    1 Mar  2003

    Participants in the country’s biggest inland ultra marathon, the Old Mutual Om die Dam marathon, can look forward to a safer race this year as certain roads will - for the first time - be closed for the duration of the event.

  • Stellenbosch student wins Cambridge economics scholarship

    27 Feb  2003

    The winners in both the post- and undergraduate categories of the economics essay competition for university students were announced during a banquet last night (Wednesday, 26 February). Minister of Finance, Trevor Manuel was the guest speaker at the event.

  • Old Mutual Lauds Commitment to BEE

    26 Feb  2003

    In what Roddy Sparks, managing director of Old Mutual (SA), described as an expansionary Budget, he particularly lauded government’s commitment to setting aside R10-billion over the next five years for the broadening of economic participation. “The promotion of Black Economic Empowerment is undoubtedly the means to sustaining South Africa’s long-term growth and stability objectives,” he said.

  • 2003 Old Mutual Two Oceans Marathon entries continue to rise

    26 Feb  2003

    With 25 days to go before entries close for the Old Mutual Two Oceans Marathon presented by Nike, the weekly statistics show that entries for this year's race continue to grow at an unprecedented rate, with the entries for the 2003 ultra and half-marathon currently being double that of 2002, at the same comparative date.

  • Multimanagers consolidate and look to deliver customised solutions

    21 Feb  2003

    The challenge for managers of retirement fund assets will be to deliver real returns in a bear market while also catering for an increasingly sophisticated industry that demands customised solutions.

  • New corporate university for South Africa

    14 Feb  2003

    One of Africa's first corporate universities, the Old Mutual Business School, was officially opened last night (13 February 2003) epitomising the company's philosophy of promoting mental, physical and social wellbeing for its employees.

  • Nedcor posts core growth from R3.1bn to R3.4bn in a challenging year

    14 Feb  2003

    Nedcor posts core growth from R3.1bn to R3.4bn in a challenging year

  • Old Mutual boosts top management

    14 Feb  2003

    Crispin Sonn - son of democratic South Africa's first ambassador to the United States, Franklin Sonn - has joined Old Mutual as General Manager: Old Mutual Personal Financial Advice (OMPFA).

  • Primary schools receive funding for regeneration programme

    12 Feb  2003

    Eighteen primary schools in the Free State jointly held a handover function in celebration of funding from the Old Mutual Foundation. Mafika-Ditshiu, Phiri Thabana, Pheta, Makhaloaneng, Lehakoe, Letlotlo, Phuthaditjhaba, Letotolo, Matsien, Qhubcka, Itlhahaneleng, Tsebela, Mamello, Hlatseng, Kgoledi Ya Manka, Lerato J, Vulindlela Public School and Matswakeng Intermediate Schools each received R100

  • Public sector scheme will improve healthcare delivery

    11 Feb  2003

    Government's proposed medical scheme for an estimated 900 000 public sector workers will improve the delivery of healthcare in South Africa

  • Entries for Old Mutual Om Die Dam Marathon now open

    11 Feb  2003

    Entries have opened for the flagship Old Mutual-sponsored North West North running event, the Old Mutual Om die Dam 50 km and half-marathon on Saturday 15 March 2003.

  • Running workshops a great success

    11 Feb  2003

    The second of four running workshops to help runners prepare for the 2003 Old Mutual Two Oceans Marathon will take place on Monday 17 February 2003. The first workshop received rave reviews and runners are encouraged to book their places as soon as possible for this one.

  • 2003 Old Mutual Two Oceans entries continue to top 2002 number

    7 Feb  2003

    With 51 days to go before the Old Mutual Two Oceans Marathon presented by Nike, entries for the world's most beautiful ultra and half-marathon are an incredible four times higher than at the same stage in 2002.

  • Medical scheme increases still a bitter pill for consumers

    6 Feb  2003

    Comparatively moderate increases of around 15% in medical aid contributions this year appear to be the result of cost shifting on the part of schemes, rather than an indication that rampant medical inflation is being brought under control.

  • Rising retail vacancies hit smaller towns

    3 Feb  2003

    Retail vacancies are on the rise, with smaller towns in particular hard hit by the rationalisation in the sector, says Michael Schirnig, head of Corporate Real Estate Services at Old Mutual Properties.

  • New era of empowerment for Old Mutual Namibia

    23 Jan  2003

    Windhoek, 23 January 2003: In what is an historic move for multi-national financial services group, Old Mutual, it today announced the appointment of the first black Chief Executive Officer to head up one of its major country operations.

  • Director's interests in preference shares in a subsidiary of Old Mutual plc

    16 Jan  2003

    The Company has been informed, by a communication received today, that Mr C F Liebenberg, a non-executive director of the Company, has subscribed for 135,000 non-redeemable, non-cumulative preference shares of ZAR0.001 each in Nedbank Limited at a price of ZAR10 per share.

  • Habitat for Humanity

    12 Jan  2003

    CAPE TOWN - 1 December 2003. Almost 1000 employees of Financial Services giant Old Mutual will be swapping their laptops, cellphones and spreadsheets for bricks, trowels and cement this week, as they build a total of 11 houses in Khayelitsha as part of an initiative driven by Habitat for Humanity.

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