Old Mutual spent about R2.8-billion to build the bank and to secure a deposit-taking retail banking licence. The firm ...

Old Mutual anticipate a loss run rate of R1.1 billion to R1.3 billion. However, they believe it will reduce over time as ...

Old Mutual’s new bank will see a national roll-out in Q4 2025, but the bank is expected to only breakeven in 2028.

The outgoing CEO, who has been linked to the group since he was 18 years old as a bursary student, shares his insights on the ...

South Africa, which already has numerous large and respected banks, is set to get more competition with several new banks ...

The latest entrant in South Africa’s crowded banking sector aims to break even in 2028.

Old Mutual announces a 14% rise in adjusted headline earnings for 2024, alongside a new digital banking initiative and a focus on enhancing shareholder returns.

and would begin accepting deposits initially from a small group of customers made up of a small number of Old Mutual staff, he said. He said the “digital first” bank had an all-in-one bundled ...

OLD Mutual Group reported its highest profit since 2019, buoyed by rising demand for its short-term insurance  and wealth management products at home in South Africa.

The Prudential Authority (PA) granted Old Mutual approval for a deposit taking retail banking licence on 14 March, putting it ...

The platform allows investors to search for old mutual fund folios using multiple ... registered phone number, email, or bank account number," explains Vigneshkumaran, digital product head at ...