Launched in 2000, the Old Mutual Black Economic Empowerment Charter (BEE Charter) was a precursor to the industry-wide Financial Sector Charter (FSC).
Addressing issues such as ownership, human capital development, affirmative procurement, education and enterprise development, it was developed because Old Mutual considers black economic empowerment to be key to:
- Redressing the inequalities of the past.
- Our operating philosophies and practices.
- Long-term stability and growth in our company and our sector.
- The capacity of our businesses for economic growth.
- Creating a diverse workforce that is a competitive advantage.
- Creating synergy between economic growth, development and empowerment
Old Mutual's BEE Charter was used to inform our contribution to the drafting of the FSC.
Download:
Old Mutual’s BEE Charter
Broad-based BEE Act 2003