Old Mutual Bula Tsela Shares Application | How to Apply for Old Mutual Bula Tsela Shares, Old Mutual Bula Tsela is a fixed-income investment offering that provides guaranteed, fixed returns for a minimum period of three years. As with most fixed-income investments, the longer you hold the Old Mutual Bula Tsela shares, the greater your return will be. old mutual bula tsela shares contact details, old mutual bula tsela shares closing date, how to buy old mutual bula tsela shares, bula tsela shares registration, old mutual shares login, old mutual bula tsela login, old mutual shares, old mutual bula tsela share price
Old Mutual Bula Tsela Shares Application | How to Apply for Old Mutual Bula Tsela Shares
These shares are available through all Old Mutual Share Savings Account customers and there is no minimum or maximum balance you can have in order to invest in this product. If you are not registered with Old Mutual Shares, you can still invest in Old Mutual Bula Tsela. You can do this by contact one of our Financial Advisors at any of our branches. How to apply for old mutual bula tsela? – Find out here!
Find out if you are eligible for old mutual bula tsela
To begin the process of applying for old Mutual Bula Tsela Shares, you first need to make sure that you are eligible. There are a number of factors that could affect your eligibility, so it is important to determine your personal circumstances before applying. For example, if you are aged between 50 and 65, you are able to apply for this product. You are also eligible if you are currently holding an Old Mutual Investment Certificate (OIMC) for which you are not eligible for a minimum one-year period. Other factors that may affect your eligibility include your marital status, whether you hold a current pension, and your National Insurance Number.
How to apply Old Mutual Bula Tsela Shares
The general black public can only invest in the retail scheme, where shares cost R10 each. Old Mutual’s share price is currently trading around R11.50. The offer for those shares closes on 24 October 2022. Black investors can apply for a minimum of 200 shares for R2 000. This money must be paid upfront when applying.
Those who cannot afford to pay R2 000 can apply for a fixed number of 100 shares for R1 000. Only R100 must be paid upfront on submitting their application. The remained can be settled over 12 months.
The maximum shareholding that people can get under this scheme is 150 000 shares per individual investor and 750 000 shares for black “groups”.
There will be a lock-in period of 5 years. This means that investors cannot trade or cash out their shares within the first five years of investing.
These shares will be listed on the stock exchange only after five years, and only then will investors be able to sell them to someone else.
Those interested in this scheme can apply through select branches and on several digital channels, including online via www.singularfs.co.za. Alternatively, aspiring investors can email their completed forms found on this website to [email protected] or phone 087 015 0395
But there is no guarantee that everyone who applies will get the shares. The allocation process will only commence when the offer closes on 24 October.
Applicants who do not receive the shares they applied for will be refunded their money with no interest.
The Bula Tsela empowerment deal follows the more than R7.9 billion of value created when Old Mutual’s 2005 B-BBEE deal matured in 2015.
Contact your preferred financial advisor
Once you have determined if you are eligible for old Mutual Bula Tsela Shares, the next step is to contact your preferred financial advisor and arrange a meeting. You will want to discuss your financial situation with your advisor and weigh up your options, including whether or not to apply for old Mutual Bula Tsela Shares. Your financial advisor may also be able to assist you with other financial products that you are considering. For example, your advisor may be able to provide advice on how to apply for a savings account or a loan.
Sign up to an Old Mutual Bula Tsela Fund
Next, you will need to sign up to an Old Mutual Bula Tsela Fund. This fund will allow you to save regularly and invest part of your share savings account into a fixed-income investment. You can choose from a range of funds with varying returns and maturities. You are able to sign up to the following funds: – Old Mutual Bonds Fund – Your money is returned on the maturity date of the fund. Maturities range from one to 30 years. The annual return on this fund is approximately 8%. – Old Mutual Gold Fund – Your money is returned on the maturity date of the fund. Maturities range from six to 30 years. The annual return on this fund is approximately 11%. – Old Mutual Money Fund – Your money is returned as a single lump sum. Maturities range from six months to five years. The annual return on this fund is approximately 11%. – Old Mutual Strategic Bond Fund – Your money is returned as a single lump sum. Maturities range from one to 30 years. The annual return on this fund is approximately 8%. – Old Mutual Internally Traded Securities Fund – Your money is returned as a single lump sum. Maturities range from one to 30 years. The annual return on this fund is approximately 8%.
Set up automatic investment into Old Mutual Bula Tsela Fund
Once you have established a regular savings amount and signed up to an Old Mutual Bula Tsela Fund, you can set up your account to automatically invest. You can do this through Online Banking. Alternatively, you can call your local financial advisor or visit one of their branches. Once you have set up your account, all you need to do is let the fund grow. There is no need to attend any extra meetings or take any extra action. This is because your account will be automatically invested into the fund.
Conclusion
Old Mutual Bula Tsela Shares represent a fixed-income investment that provides guaranteed, fixed returns for a minimum period of three years. As with most fixed-income investments, the longer you hold the Old Mutual Bula Tsela shares, the greater your return will be. These shares are available through all Old Mutual Share Savings Account customers and there is no minimum or maximum balance you can have in order to invest in this product. If you are not registered with Old Mutual Shares, you can still invest in Old Mutual Bula Tsela. You can do this by contact one of our Financial Advisors at any of our branches.
