Old Mutual reports 30,000 applications for retail empowerment plan
Insurer’s Bula Tsela scheme is the first to offer shares directly to black South Africans, small businesses, trusts and stokvels
29 September 2022 - 12:57
Old Mutual, SA’s third largest insurer, has received more than 30,000 applications from black South Africans, small businesses, and trusts and stokvels since launching its latest empowerment scheme on August 22.
Known as Bula Tsela, loosely translated as “open the way”, the scheme makes Old Mutual the first insurer to offer shares directly to black South African retail investors...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.