Kaya 959 Kaya Biz

Old Mutual plans a R2.8bn BEE scheme to boost black ownership to over 30%

Loading player...
Old Mutual is proposing a new empowerment transaction that will lift black ownership in the insurance giant from 25% to over 30%.

The insurer now wants to issue approximately 205.3 million new Old Mutual shares in the new empowerment transaction, named Old Mutual Bula Tsela, which means "pave the way" in English. The new shares will equal about 4.36% of Old Mutual's issued share capital.
21 Apr 2022 4AM English South Africa Business News · Investing

Other recent episodes

Surge in Fake Traffic Fine SMSes Prompts Warning from Fines SA.

GUEST: Barry Berman, CEO of Fines SA A growing wave of fake traffic fine SMSes is leaving South African motorists anxious, out of pocket, and still liable for legitimate fines. Barry Berman, CEO of Fines SA, unpacks the latest scam tactics being used by fraudsters who send urgent-looking messages claiming…
18 Dec 2025 3PM 9 min

Crypto in 2025: The Year in Review.

GUEST: Christo de Wit, Country Manager at Luno As 2025 draws to a close, the cryptocurrency industry is no longer asking whether it belongs in mainstream finance, but how deeply it is already embedded. This year marked a decisive shift as digital assets moved from the fringes into the financial…
18 Dec 2025 3PM 9 min

EKASINOMICS - How WASAA Is Reshaping South Africa’s Petrochemicals Sector

GUEST: Nokwanele Qonde – Founder & Managing Director, WASAA Group From LPG and logistics to chemicals, commodities and large-scale infrastructure, WASAA is quietly building one of South Africa’s most compelling black industrial success stories. In this conversation we unpack how a black-women owned petrochemicals company is driving growth through diversification…
17 Dec 2025 2PM 26 min

Inflation Eases, But the Grocery Bill Tells a Different Story

GUEST: Johann Els – Old Mutual Group Chief Economist. South Africa’s inflation story is showing signs of relief but it’s not all good news for households. Headline consumer inflation slowed to 3.5% in November, its lowest reading in months, helped by falling fuel prices and a sharp drop in used…
17 Dec 2025 2PM 27 min
All episodes