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

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

Old Mutual anticipate a loss run rate of R1.1 billion to R1.3 billion. However, they believe it will reduce over time as revenue is generated Old Mutual, known for offering financial solutions ...

Ryk is an award-winning financial journalist with over 20 years' experience. He is Moneyweb’s editor and hosts the Be a Better Investor podcast and RSG Geldsake, covering the markets, and ...

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.

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

Last Friday, we received the approval for Old Mutual Bank or OM Bank to commence business. And with that, I’d like to hand over to Clarence to give an update of where we are now and what’s ...

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

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 ...

With a host of financial changes set to take effect in April here's a quick guide to the developments that are bound to ...

In 2023, 22seven ranked among the world’s 200 best fintech companies, alongside prominent global corporates like Robin Hood, ...

OLD Mutual Group reported its highest profit since 2019, buoyed by rising demand for its short-term insurance  and wealth ...