Old Mutual Bula Tsela Shares Application Form | PDF Download | Apply Online

The purpose of the retail scheme is to invite qualifying Black South African individuals and groups to apply to subscribe for RetailCo shares. Retailco will then subscribe for c.63 million new Old Mutual Limited shares.

Investors will be able to apply to this scheme through select branches and on digital channels. We envisage two different pools of investors, based on how much they can afford to invest. This is an accessible way to achieve savings in one of the most important markets in South Africa, being the equity market. A major benefit of this scheme is helping drive financial inclusion in South Africa.

Black South Africans investing in the Retail Scheme can apply for a minimum of 200 RetailCo shares. Each RetailCo share costs R10. But you must pay for these upfront when you apply (minimum of R2,000). This is the traditional way that retail schemes are constructed.

However, there are many Black South Africans who cannot afford to pay R2,000 upfront. Old Mutual is making room for these individuals by allocating up to 10% of our RetailCo shares to low income earners. These individuals can apply for a maximum of 100 RetailCo shares for R1,000 – where R100 must be paid upfront, with the remainder paid off over 12 months. This has not been done in South Africa before.

Old Mutual will review all the applications its receives and let applicants know if they have been successful. If you are unsuccessful in your application, any money that you have paid will be refunded, subject to FICA rules.

Remember with this Retail Scheme you will own a part of a RetailCo company that holds Old Mutual Limited shares. As a RetailCo shareholder, you get access to any dividends declared by RetailCo and any capital movements in the RetailCo shares, not Old Mutual Limited shares.

By year 5, we will list these RetailCo shares on a stock exchange, so you could sell to someone else at that point, subject to the rules of that exchange. Alternatively you could hold onto these RetailCo shares.

Let’s use an example to explain how it works: Think of investing in a bank account – You could put R1000 in a bank account and earn guaranteed interest and get your R1000 back at the end of 10 years. There is minimal risk involved in saving cash through your bank account.

In a share scheme like Old Mutual Bula Tsela, you are investing in an equity instrument:

• each year you could get cash (if RetailCo declares dividends) that could be roughly equal in amount (or more or less than, depending on the performance of RetailCo) to the interest you would get by putting your cash into a bank account.
• At the end of the scheme, the value of your RetailCo shares could be more or less than the R1000 you originally invested. An increase in value is not guaranteed and will be dependent on market performance. You could also lose your initial investment.

Please remember to base any investment decisions on your specific circumstances, plans and goals – and always ensure you get the right financial advice before making these types of financial investment decisions.

There are many Black South Africans in the country who cannot afford to pay R2,000 upfront. Old Mutual is making room for these individuals by allocating up to 10% of our RetailCo shares to low income earners. These individuals can apply for a maximum of 100 RetailCo shares for R1,000 –where R100 must be paid upfront, with the remainder to be paid off over 12 months. This has not been done in South Africa before.

We are therefore placing RetailCo shares in the hands of those who may have previously been excluded from these opportunities. We are the first insurer in South Africa to facilitate a share offer to the Black South African public, and the first in the country to make room for low-income earners.

The application window to the Retail scheme opens at 09:00 (South African Standard Time) on Monday, 22 August 2022 and will close at 16:00 (South African Standard Time) on Monday, 24 October 2022, or such later date as may be determined by RetailCo.

Each RetailCo share costs R10.

Old Mutual will review all the applications its receives and let applicants know if they have been successful. If you are unsuccessful in your application, any money that you have paid will be refunded, subject to FICA rules.

You will pay for the RetailCo shares you have applied for using the unique investor number provided to you as a reference in your application process. Should you wish to apply for additional shares, you can pay for these additional shares, using the same unique investor number provided to you to complete the first payment. Payment deadlines and all other details will be provided in a full prospectus that will be available on www.oldmutual.com/bula-tsela/ from Monday 22nd August 2022.

It is easy to apply – once the scheme is open (from Monday 22 August 2022), simply visit (www.singularfs.co.za or www.oldmutual.com/bula-tsela/) or call 087 015 0395.

Alternatively, you can visit any of these branches:

• Gauteng
  • Singular Systems at 25 Scott Street, Waverley, Johannesburg, 2090
• Western Cape
  • Singular Systems at Unit F01E, Brookside Office Park, 11 Imam Haron Road, Claremont, Cape Town, 7708
  • Old Mutual at Client Service Centre, Mutualpark, Jan Smuts Drive, Pinelands, Cape Town, 7450
• Free State
  • Old Mutual at Shop B19a, Middestad Mall Corner West Burger & Charles Street, Bloemfontein, 9300
• Kwa-Zulu Natal
  • Old Mutual at 385 Smith Street, Durban, 4001
• Limpopo
  • Old Mutual at Shop 2, Quadlux Building 68c, Landdros Mare Street, Polokwane, 700
• Eastern Cape
  • Old Mutual at shop 23, Umthatha City Shopping Centre, Sutherland Street, Umthatha, 5100

Black South African Old Mutual Employees can apply to the Retail Scheme. No applicant is guaranteed to receive any of the RetailCo shares they apply for.

You need to apply for these Retail Scheme shares. Please refer to www.singularfs.co.za or www.oldmutual.com/bula-tsela/ for more information on the application process.

Applications will open on Monday 22 August 2022.

The Retail Scheme is only open to Black South Africans

Each ordinary share costs R10 but there are two subscription options to choose from depending on your affordability. If you don’t have at least R2000 to put down immediately, then go for Option 1, which is R1000 worth of shares, but you only need to pay at least R100 upfront. You can pay the rest over 12 months.
Option 2: You need a minimum investment of R2000 and there is no instalment option.

There is a lock in period of five years, when you won’t be able to sell the RetailCo shares. After that, these RetailCo shares will be listed on an exchange, and you can sell them if you want to through this exchange.

Once you have registered, you will receive an email / SMS from Singular with payment instructions. The public beneficiary account is automatically accessible through banking apps, at bank tellers and ATM’s when searching for “Singular” with the following banks:

• Nedbank
• FNB
• Old Mutual Bank
• Standard Bank
• Absa Bank
• Capitec Bank – coming soon

The different banks have different naming conventions:

• • Nedbank – Singular Nominees
  • FNB – Singular System Nominees
  • Old Mutual Bank – Singular Systems Nominees
  • Standard Bank – Singular Systms Nominees Pty Ltd
  • Absa Bank – Singular Nominees/Transfer Sec

Singular will not release bank account numbers. Please contact the Singular call centre should you experience any issues – 087 015 0395

Please contact the Singular call centre on 087 015 0395 and they will assist you

Singular Financial Services are the Transfer Secretaries and Share Administration Agent providing share administration and verification services for the Bula Tsela Retail scheme.

Physical Address: 25 Scott Street, Waverly, Johanesburg,2090
Contact Number: 087 015 0395
Email: bulatsela@singular.co.za
Website: www.singularfs.co.za