Bula Tsela News Today

TAX TRANSPARENCY REPORT 2022 For the year ended 31 December 2022 DO GREAT THINGS EVERY DAY ... | April 14, 2023

Insurer Old Mutual has reported a 10% rise in profit for 2022 as the effects of the COVID pandemic continue to ease.

Full-year headline earnings per share to surge 20% to 195.7 cents.

Investegate announcements from Old Mutual Ltd, Implementation of the Bula Tsela transaction

SPONSORED | During a recent Sowetan Dialogue industry experts discussed how first-generation investors needed to be educated in their own language to help them thrive in the highly regulated industry

Old Mutual's new empowerment transaction, dubbed Bula Tsela or Pave the Way in Sesotho, represents a watershed moment in South Africa's BEE history. It demonstrates our dedication to implementing a Truly Mutual strategy and transformation in ways that fulfill our mission of championing mutually beneficial futures every day.

Old Mutual is pleased to see such strong interest in the Bula Tsela Share Scheme in just six weeks, and we hope to welcome many more in the coming weeks. Remember that the final application deadline on October 24 is quickly approaching, and the sooner you submit all the necessary documentation and required payment, the quicker we can determine who qualifies.

Old Mutual has received requests from people wanting to invest eye-popping amounts in its Bula Tsela empowerment scheme – which is meant to give lower-income households access to the share market.

This week MoneywebNOW looked at the Old Mutual Bula Tsela scheme, geopolitics and the European energy crisis, Africa and the commodity boom, local trade and global supply chains, and PwC’s South Africa Economic Outlook.

For an investment of R10 per Old Mutual share, successful applicants will be able to buy R66 in shares.