Old Mutual Bula Tsela Shares Application Form – Apply Online. The Old Mutual Bula Tsela Retail Scheme lets you apply for shares in a company that in turn, will buy and own Old Mutual shares. As a shareholder, you may receive annual dividends (a share of the profits each year, which is dependent on the performance of the company). You also get exposure to any capital growth (the increased value) in the retail scheme shares. However, the value of these shares can also drop.
Education
Apply for Old Mutual Bula Tsela Shares and Invest for Education. The Old Mutual Bula Tsela Retail Scheme lets you apply for shares in a company that, in turn, will buy and own Old Mutual shares.
Stokvel
Apply for Old Mutual Bula Tsela Shares as a Stokvel. The Old Mutual Bula Tsela Retail Scheme lets you apply for shares in a company that, in turn, will buy and own Old Mutual shares.
Entrepreneur
Apply for Old Mutual Bula Tsela Shares to Invest in Your Dream as an Entrepreneur. The Old Mutual Bula Tsela Retail Scheme lets you apply for shares in a company that, in turn, will buy and own Old Mutual shares.
Key documents
Old Mutual Bula Tsela Shares Application Form – Apply Online
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.
Old Mutual Bula Tsela Shares Application Form – How to Apply
To appy for Old Mutual Bula Tsela Shares clock the link below;
Click here to Download Old Mutual Bula Tsela shares Application form 2022
How to do payment for your Shares
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