The Old Mutual Bula Tsela Retail Scheme participants own shares in a company that in turn, owns Old Mutual Limited shares.
As a shareholder in the Old Mutual Bula Tsela Retail Scheme Company, you may receive annual dividends (a share of the net profits earned each year by the company, which is dependent on the performance of the company). You also get exposure to any capital growth (the increased value) in the Retail Scheme shares. However, the value of these shares can also drop. For more information, visit our Investor Information page.
Paving the way for thousands of South Africans
The Bula Tsela Retail Scheme (RetailCo) is a component of Bula Tsela that is 100% black owned and has around 36 000 shareholders comprising over 50% black women and nearly 23% black youth ownership. Shareholders include individuals, small businesses, and groups such as trusts and stokvels.
In December 2022 Black members of the South African public were invited to subscribe to our Bula Tsela retail share scheme where a minimum of 200 retail scheme shares could be bought for R2 000, payable upfront. For those who could not afford it, the scheme enabled potential shareholders to buy 100 retail scheme shares for R1 000, payable over a 12 month period.
This transaction made Old Mutual the first financial services provider in South Africa to facilitate an offer of shares directly to the Black South African public, including lower-income earners.
Empowering our investors through roadshows
To further enhance the opportunities and understanding of the retail scheme, financial education roadshows specifically tailored for Bula Tsela shareholders are conducted throughout the year.
