About Old Mutual
Old Mutual Limited (OML) is a premium African financial services group that offers a broad spectrum of financial solutions to retail and corporate customers across key markets in 14 countries. Old Mutual’s purpose is to help its customers thrive by enabling them to achieve their lifetime financial goals, while investing their funds in ways that will create a positive future for them, their families, their communities, and the broader society. Old Mutual aims to be Africa’s premier financial services company where it has deep roots, strong relationships, and an intimate understanding of retail and consumer markets and its customers’ needs.
Old Mutual was started in Africa in 1845, and rapidly developed into a recognized brand across much of Southern Africa. Over the years its business expanded internationally and in 1999 it listed on the London Stock Exchange (LSE).
In March 2016, it was decided that the best way forward for the Old Mutual Group was to separate its four strong businesses into independent, standalone companies. The foremost aim of this strategy – called Managed Separation – has been to unlock and create value for shareholders. In short, it became clear that the Group’s complex structure and the high running costs of operating in diverse geographies and regulatory environments actually locked in value to unlock that value, a Managed Separation of the four underlying businesses – Old Mutual Emerging Markets, Nedbank, UK based Old Mutual Wealth and US based Old Mutual Asset Management – was necessary.
As part of that Managed Separation, it was agreed that Old Mutual Emerging Markets (OMEM) would strengthen its focus on Africa and move its primary listing to Africa. As Old Mutual Limited, its primary listing is now on the Johannesburg Stock Exchange. Old Mutual also has a standard listing on the London Stock Exchange and secondary listings on three other stock exchanges in Africa: Namibia, Malawi and Zimbabwe.
The growth opportunities in Africa are enormous and exciting – and Old Mutual is well positioned to make the most of those opportunities, while contributing significantly to the socio-economic progress of the communities it operates in.
Established in Cape Town, Old Mutual was South Africa’s first mutual life insurance company that offers financial security in uncertain times. It now employs more than 30,000 people and operate in 14 countries across two regions:
- Africa (South Africa, Namibia, Botswana, Zimbabwe, Kenya, Malawi, Tanzania, Nigeria, Ghana, Uganda, Rwanda, South Sudan, and eSwatini)
- Asia (China)
Old Mutual provides financial solutions to individuals, small and medium-sized businesses, corporates and institutions across several market segments and geographies in South Africa, the Rest of Africa and certain other emerging markets. Old Mutual services include savings and protection, investments, lending, and banking.
Amathuba Learnership
Old Mutual has been enabling positive futures across 14 countries it operates in. it has a strong heritage and its brand is globally recognized as a leader in most of its emerging markets within the financial services. Old Mutual continuously strives to set best practice to enable it to create a great working environment for its people. It cares for its customers and is responsible in the communities it operates in through its CSI initiatives. As an employee you will have vast opportunities to select a charity that you care for and positively transform lives.
Old Mutual enables its people to be their exceptional best. The company strives to create and expose its people to diverse learning opportunities through formal and informal learning. It offers a number of opportunities for the people of South Africa to upgrade their potentials, develop their skills, and thrive in their career paths. One of these opportunities is called the Amathuba Learnership program.
Amathuba Learnership is an Old Mutual Learnership Program that provides excellent, young, South African people the opportunity to kick start their career, to challenge and hone their potential. The Amathuba Learnership program will allow you to obtain a wealth Management NQF Level 4 qualification which is FSP recognized. Being part of the Amathuba Learnership opens you up to career paths such as: underwriting, financial investment advisor, insurance brokerage.
As a learner, you will be exposed to a 12 month workplace and classroom experience. This experiential learning provides well rounded professional experience. Learners will be given exposure to various products, legislation and involvement in incredible CSI projects. Through the Amathuba Learnership program, Old Mutual will provide you with opportunities to work alongside experienced professionals who will provide you with guidance to ensure that you succeed in your role. From day 1, you will be allocated a buddy who will assist you to transition into Old Mutual quicker.
Amathuba Learnership Qualification Criteria
If you want to take the opportunity to realize your greatness and shape your career with Old Mutual through the Amathuba Learnership program, you must first meet the minimum requirements as listed below.
- You must be a South African citizen aged between 18-28 to be eligible to apply
- You must be from a household where combined household annual income is less than R 250,000
- You must have completed Grade 12 and must be currently unemployed
- You must have passed Grade 12 or NQF level 4 English (with a minimum score of 50%) and Pure Math (with a minimum score of 50%) or Math Literacy (with a minimum score of 70%)
- You must not have more than a Grade 12 or NQF level 4 qualification
- You must have passed an official second language test
As per Old Mutual Employment Equity plan, preference will be given to previously disadvantaged individuals and people with disabilities.
Please note that the Amathuba Learnership is only available in Cape Town
Applying for Amathuba Learnership
When applying for the Amathuba Learnership, please make sure that you submit your CV and that it contains the following information about you: Your race, gender, nationality, age, residential address, disability status (yes or no), matric subjects that you have completed along with its results, and a list of any complete or uncompleted qualifications
Shortlisted applicants will be invited to undergo written assessments. Candidates must have a favorable credit status. Based on the assessment results, a further short list of applicants will be invited to attend a competency based interview. A final short list of applicants will be invited to a final interview with Line Managers. Offers will be extended to successful applicants by mid-February and the Amathuba Learnership commences on March 1 of each year.
Visit the Old Mutual Amathuba Learnership web page for further details. Discover other skills development programs and financing opportunities at Old Mutual for learners and school leavers on the Old Mutual Young Future Leaders web page.
