- Established in 1845, Old Mutual is South Africa’s first mutual life insurance company, offering comprehensive financial services.
- The company operates across 14 African countries, providing insurance, investment, and banking solutions to a diverse clientele.
A legacy of financial services
John Fairbairn founded Old Mutual, South Africa’s first mutual life assurance society, in Cape Town in 1845. It transformed into a pan-African financial services business over the years, that offers a range of services and products that involve banking, investments, savings, and life insurance. The Johannesburg Stock Exchange, Zimbabwe Stock Exchange, Namibia Stock Exchange, and Botswana Johannesburg Stock Exchange, the constitute some of the stock exchanges where the company is listed.
Old Mutual’s operations in 14 African nations reflect its commitment to financial inclusion by supplying convenient financial solutions to a wide range of consumers. The business has an extensive history in the field and is considered as an authoritative provider of financial services in this region.
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Innovation and customer-centric approach
Old Mutual has prioritised innovation in recent years for the purpose meet its clients’ shifting demands. The organisation is launching projects such as Moneyversity Plus, a platform for financial education that enhances financial literacy by connecting education and entertainment. With over 65,000 users and 8.8 million views, this platform is currently highly acclaimed and is now accessible throughout regions like Namibia, the Netherlands, and the United Kingdom in as well as South Africa.
Additionally, with effect from November, Old Mutual has chosen Clarence Nethengwe as the CEO-designate of its new banking branch. A 15-year veteran of the organisation, Nethengwe has been essential in developing the initial business plans and selecting significant executives for the new bank. This action suggests Old Mutual’s commitment to increasing its product range and developing new sources of income.
