Old Mutual approves new black empowerment share scheme.

Qualifying Black South Africans – including lower-income earners and Old Mutual employees – will now be able to buy the insurance giant’s shares at relatively low prices through its newest black empowerment-focused ownership scheme, Bula Tsela (‘pave the way’ in Sesotho). Old Mutual shareholders approved the broad-based black economic empowerment (B-BBEE) ownership scheme on Friday, 12 August. <a href="https://kaya959.co.za">Kaya 959</a>