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

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

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 Holdings has been ordered to deposit Sh500 million in an interest-earning escrow account, pending the determination of a case filed by billionaire businessman Joel Kibe. Justice ...

Old Mutual (OM) Bank is preparing to soft launch its digital ... including transactional accounts, savings and credit products. While the bank’s business model is premised on a digital-first ...

Targeting South Africans earning between R1,000 and R30,000 per month, OM Bank aims to provide accessible digital banking ...