10 Things you should know about Old Mutual Limited

Old Mutual Limited is a brand founded by John Fairbairn. Here are 10 Things you should know about Old Mutual Limited.

1. Old Mutual Limited is a pan-African investment, savings, insurance, and banking group.
2. It is listed on the Johannesburg Stock Exchange, Zimbabwe, Namibia and Botswana Stock Exchanges.
3. The company was founded 1845 as a mutual insurance company by John Fairbairn.
4. The original name The Mutual Life Assurance Society of the Cape of Good Hope was changed to The South Africa Mutual Life Assurance Society in 1885.
5. In 1939, the Old Mutual art deco office opened in Darling Street as the Mutual Building which has since been converted to residential use and known as “Mutual Heights”.
6. In 1956, Old Mutual relocated its head office to Mutualpark in Pinelands which was the largest office block in the southern hemisphere at the time.
7. In 1970, Old Mutual acquired a major shareholding in the newly formed Mutual & Federal, and later acquiring the remaining shares in 2009.
8. Mutual & Federal was renamed as Old Mutual Insure on 5 June 2017, and is now a part of the Old Mutual Emerging Markets business.
9. In 1973, Old Mutual acquired shareholdings in Nedcor Bank (renamed the Nedbank Group in 2005).
10. In 1997 and 1998, the company acquired UK stockbrokers Capel-Cure Myers and Albert E. Sharp respectively which then merged to form Capel-Cure Sharp.