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Image with children. Tagline: A Strong Foundation. A New Future.
A photograph of Jim Sutcliffe, Chief Executive

“The breadth of involvement means that over 500 000 South African’s across all nine provinces, amongst all our stakeholders – employees, clients, distributors, communities, will have an interest in our success.

Jim Sutcliffe, Chief Executive
19 April 2005

Announcement

We propose to issue new ordinary shares to black controlled entities beneficially owned by our black employees (39%), clients and distributors (27%), communities (10%) and our Black Business Partners (24%) to the value of:

  • 13.48% of the value of Old Mutual (SA) (Old Mutual plc shares)
  • 11.50% of the value of Nedcor’s South African business (Nedcor shares)
  • 11.00% of Mutual & Federal (Mutual & Federal shares)

EGM

- BEE Shareholder Circular
- Details of EGM & Court Meeting