Our relationship with the Old Mutual Group extends to 2003, when WIPHOLD delisted from the JSE and Old Mutual acquired a 32.5% shareholding in the company.

 

In 2005, WIPHOLD acquired a shareholding in Old Mutual Plc, Nedbank and Mutual & Federal as part of a 10-year Black Economic Empowerment deal. Following the maturation of this deal, WIPHOLD retained a 0.3% shareholding in Old Mutual and sold its stake in Nedbank in 2017.

 

Project Imbizo was one of the outcomes of WIPHOLD’s partnership with Old Mutual. It was a transformational financial services strategy developed and driven by WIPHOLD to promote sustainable financial inclusion offering communities safe savings, loans and appropriate insurance services. In so doing, it helped communities to enhance incomes, acquire capital, manage risk and move out of poverty. This project set a tone and precedent for the type of value that WIPHOLD could bring as a partner in the financial services sector.

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Investment name:

Old Mutual Group

Sector: Financial Services

Shareholding: 0.3%

Rationale for the investment:
To participate in the financial services sector through strategic investments

In 2005, WIPHOLD acquired a shareholding in Old Mutual Plc, Nedbank and Mutual & Federal as part of a 10 year Black Economic Empowerment deal.

Our relationship with the Old Mutual Group extends to 2003, when WIPHOLD delisted from the JSE and Old Mutual acquired a 32.5% shareholding in the company.

 

In 2005, WIPHOLD acquired a shareholding in Old Mutual Plc, Nedbank and Mutual & Federal as part of a 10-year Black Economic Empowerment deal. Following the maturation of this deal, WIPHOLD retained a 0.3% shareholding in Old Mutual and sold its stake in Nedbank in 2017.

 

Project Imbizo was one of the outcomes of WIPHOLD’s partnership with Old Mutual. It was a transformational financial services strategy developed and driven by WIPHOLD to promote sustainable financial inclusion offering communities safe savings, loans and appropriate insurance services. In so doing, it helped communities to enhance incomes, acquire capital, manage risk and move out of poverty. This project set a tone and precedent for the type of value that WIPHOLD could bring as a partner in the financial services sector.

Previous

Next Section