South Africa

ABOUT OLD MUTUAL FINANCE
'True freedom is only possible when people have control of their financial lives.' ~ John Fairbairn - Founder, Old Mutual, 1845
As a proud member of the Old Mutual family, we live by the following values:
Respect, Dignity, Integrity, Accountability, Pushing Beyond Boundaries and Ubuntu.

Putting these at the heart of all we do, we strive to provide South Africans with financial products of real value, whether that be a personal loan to cover an unforeseen emergency or a Money Account to grow one's savings.

We are committed to providing personal loans and debt consolidation products that will give you financial freedom and can help you manage debt responsibly. Old Mutual Finance is a licensed financial services and registered credit provider.

Old Mutual Finance offers each client a unique plan, a plan to help them manage their debt and, so doing, saving them unnecessary service fees and charges.

With our simple-to-use online personal loan application process and over 300 branches nationwide, we are here to help you do great things.

Old Mutual is a diversified international financial services group listed on the stock exchange in London, South Africa, Malawi, Namibia and Zimbabwe. The group has a reputation for integrity, financial strength and value-for-money, and is dedicated to satisfying client needs for wealth creation and protection – in profitable ways. Old Mutual has solid foundations established on one core promise: the commitment to always deliver value to its clients.

Old Mutual Zimbabwe offers services to Zimbabwe-based clients via a focused range of products including Life Assurance, Asset Management, Unit Trusts, Property Development and Management, Short-term Insurance and Banking Services. Clients include most of the large local institutions and the major multinationals represented in Zimbabwe as well as individuals. Old Mutual has conducted business in Zimbabwe for over 110 years.

 

MAIN BRANCH: PHYSICAL ADDRESS:

100 The Chase Mutual Gardens Emerald Hill Harare

Phone: +263 242 308 400

General Lines: +263 242 308400

Fax: +263 242 308467

Contact Centre: +263 8677007437

Toll free - TelOne: 0800 4302

Toll Free – All Networks: 433

SMS: +263 772 299 194

 

HARARE: PHYSICAL ADDRESS:

Finsure House Ground Floor Cnr N Nkrumah/Sam Nujoma Harare

Phone: +263 242 251 913

BULAWAYO BRANCH: PHYSICAL ADDRESS:

Old Mutual Centre Cnr 8th Avenue/Jason Moyo St Bulawayo

Phone: +263 (0) 9 79333

GWERU BRANCH: PHYSICAL ADDRESS:

Mutual House 7th Street Gweru

Phone: +263 (0) 54 221939

MUTARE BRANCH: PHYSICAL ADDRESS:

Mutual House Herbert Chitepo St Mutare

Phone: +263 (0) 20 61944/64440
Visit Old Mutual Website

OROAFRICA was founded in Johannesburg in 1945 as a small family business, manufacturing and wholesaling jewelry. OROAFRICA is built on a strong set of values, respect, trust and integrity characterize our interactions both internally and externally. We never compromise these principles and they are the foundations upon which our phenomenal growth and success has occurred. It is these values together with a clear vision for the future that attracted AngloGold Ashanti, a world leading gold mining company, to acquire a 37% share in OROAFRICA.

OROAFRICA head office is located in the “mother city”, Cape Town South Africa. It is here where the state of the art Design Lab takes product innovation to new levels. Our distribution centre, powered by a Microsoft ERP system ensures customers across the globe receive their orders large or small on time. The OROAFRICA manufacturing facility is located within the secure premises of Rand Refinery in Johannesburg, where over 75% of Africa’s new gold is refined.

Our mission is to ensure our customers are successful. Our success is determined by our people. As South Africa’s leading jewelry company, we recruit and train talented people, constantly improving in our ability to provide solutions that add value to our customers.

In achieving our mission, we realise we are not in this world alone. The ultimate measure of our success will not only be the impact we make on our customers and our staff, but on the lives of people and communities around us. This ongoing commitment is driven by our desire to make a difference.

OK Zimbabwe Limited is a leading supermarket retailer listed on the Zimbabwe Stock Exchange.

Who Is OK Zimbabwe Limited?

OK Zimbabwe Limited has been in existence since 1942, and has established itself as a customer-oriented retail organization providing comprehensive access to a broad range of retail products and allied services developed in response to its customers' requirements for convenience and value.

We Have A Long History

OK Zimbabwe Limited was first incorporated as Springmaster Corporation in 1953, and in 1984, its name was changed to Deltrade Limited which then subsequently changed to the current name in July 2001.

The inaugural branch was opened at OK First Street Harare (then Salisbury) in 1942 and the second branch in Bulawayo in 1952. A further five outlets had been opened across the country by the end of 1960. In 1977, Delta Corporation acquired the business operations in Springmaster Corporation (now OK Zimbabwe Limited), which they held until the de-merger in October 2001.

Business Operations

The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. The groceries category includes dry groceries, butchery, delicatessen, takeaway, bakery, provisions and fruit and vegetable sections.

OK Zimbabwe Limited trades under three highly recognised brand names, OK Stores, Bon Marche’ Stores, and OKmart. The diversified distribution channel allows the Group to target all segments of the market. In this regard, the Group has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories.

OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes. The Group has developed its own brands through the Bon Marche’ Premier Choice and Shopperschoice labels.

What Differentiates Us

OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country's competitive retail sector. The Group has developed its own brands through the Bon Marché Premier Choice and Shopperschoice labels.

Main Categories

The Company is a leading supermarket retailer whose business covers three major categories:

Groceries:This includes the following sections:-

Dry groceries

Butchery

Delicatessen

Takeaway

Bakery

Provisions

Fruit and vegetables

Basic clothing and textiles; and

Houseware products.

**Another specialist area is school wear.

Main Brands

OK Zimbabwe Limited trades under three highly recognised brands, namely:

OK Stores

Bon Marché Stores

OKmart Mega Stores

Branch Network

All operations are carried out through a nationwide branch network which currently comprises:

52 OK Stores

8 Bon Marche’ Stores

8 OKmart Mega Stores

In February 2011, OK Zimbabwe Limited acquired the two Makro operations in Zimbabwe comprising of 8,000m2 of retail space in Harare and 5,000m2 in Bulawayo. A new brand store, OKmart, opened following a re-branding campaign. There are now 8 OKmart Mega Stores in Harare, Bulawayo, Gweru, Kwekwe, Masvingo, Mutare, Victoria Falls and Chivhu.

OKmart has at least 20 departments including sport, outdoor and camping, hi-tech, butchery, clothes and textiles, DIY, stationery and general groceries. The rebranded store also has a coffee shop and the Harare outlet boasts of 300 bays of parking space.

OK’s diversified distribution channel allows the Company to target all segments and the Company has specifically profiled its stores in terms of design, product range, services and other offerings in a way that effectively caters for the specific requirements in the low, middle and high income consumer categories. OK Zimbabwe Limited has maintained its position as one of the dominant supermarket retailers in the country’s competitive retail sector, despite the effect of liquidity constraints and low disposable incomes.

The Company has its own high-quality in-house brand label – Shopperschoice which has products that are found in all of OK Zimbabwe’s store brands.

Structure And Ownership

The Group is a leading supermarket retailer whose business covers three major categories, comprising groceries, basic clothing and textiles and houseware products. OK Zimbabwe Limited trades under three highly recognised brand names, OK stores, Bon Marché stores, and OKmart stores.

Main Operating Units

KEY FACTS

52 outlets nationwide

Hosts the largest retail promotion in Southern Africa

KEY FACTS

8 stores in Harare

Hosts health & wellness activities: Walk-A-Robix, Ultimate PowerWalk and Biggest Loser Challenge

KEY FACTS

8 mega stores nationwide

Over 35 000 product lines

OK Stores

The OK Stores brand boasts 52 outlets nationwide in the major towns and cities around the country. The OK Stores cater for the widest range of customers within the OK Zimbabwe stable. The up-market clientele being catered for by branches in the low density suburban areas and some city centre locations in key cities. The Harare city centre stores cater mainly for the middle income band and are planted strategically on route to various public transport locations. The mass market is catered for the large number of stores located in various low density suburban areas.

The OK Stores are undergoing a refurbishment programme, which management believe is essential to improve ambiance, refresh facilities and enhance the equity of the OK store brand.

The OK brand boasts the largest retail promotion in Southern Africa in the OK Grand Challenge Jackpot Promotion, which is run annually between April and June.

The promotion caters for and excites all market segments. The OK Grand Challenge was awarded the Retail Promotion of the Year Award by the Marketing Association of Zimbabwe in 2011, and the Superbrand Exceptional Promotional Campaign for 2014.

OK Stores: Harare: Ardmbare, Avonlea, Budiriro, Chitungwiza, Fife Avenue, First Street, Glen Norah, Glen View, Houghton Park, Julius Nyerere Way, Kuwadzana Main, Kuwadzana Express, Kwame Nkrumah, Mbuya Nehanda, Mabelreign, Mabvuku, Machipisa, Malvern, Marimba, Mbare, Mufakose, Queensdale, R. Manyika, Seke Makoni, St. Mary’s, Third Street, Waterfalls and Sanganayi.

Bulawayo: Entumbane, Jason Moyo and Lobengula.

Other: Bindura, Chegutu, Chinhoyi, Chipinge, Chiredzi, Gwanda, Gweru, Hwange, Kadoma, Karoi, Kwekwe, Marondera, Masvingo, Mutare, Ngezi, Norton, Rusape, Triangle, Victoria Falls, Banket and Zvishavane.

Bon Marché Stores

OKmart Mega Stores

Strategy

Opportunities for growth exist and emanate largely from economic recovery and increased disposable incomes. Following its recapitalization, OKZL is in a position to increase trading capacity and regain its market share.

Store upgrades and expansion continue in order to improve customer convenience and increase brand loyalty. The Company continues to implement strategies to increase market share while containing costs in order to maintain and grow shareholder value.

What We Offer

Through a total of 68 operating stores dotted across the country, OK Zimbabwe offers a wide array of products and services.

Our Key Products And Services

KEY FACTS

Access to cash beyond banking hours

Send money securely

No bank charges and no hidden costs

KEY FACTS

Access to cash beyond banking hours

Send money securely

No bank charges and no hidden costs

KEY FACTS

A 6-week celebration of Bon Marché

Hundreds of lifestyle prizes over the festive periods

OK Shop Easy

The OK Shop Easy facility is a shopping facility that enables the customer to shop without cash. It is a shopping voucher card which works the same way as a debit card. In other words, the customer loads his or her money onto the card and draws down from it as they transact.

The Shop Easy Card ensures that:

you have no change worries when you shop;

you can access cash beyond banking hours through our cashback facility;

you can send money to family securely by crediting their Shop Easy account;

you can send children to boarding school secure in the knowledge that their groceries can be replenished through the Shop Easy facility;

you can access all these at any of our branches nationwide with no bank charges and no hidden costs.

Simply put, OK Shop Easy offers convenience in one little card.

The Bon Marché Card

The Bon Marché Liv' it up Fiesta

Giving Back To The Community

OK Zimbabwe's pledge and commitment is to ensure that the Group continues to invest back into the communities it serves and operates in.

Our Key CSR Initiatives

The Group’s flagship CSR initiative which involves establishing tree nurseries within all the provinces of Zimbabwe – excluding Harare and Bulawayo – saw us setting up four (4) additional nurseries in 2015. OK is involved in the celebration of World Tree Planting Day, held annually on the first Saturday of December each year.

OK Zimbabwe is actively involved in sponsoring or donating to causes in the areas of health, education, students’ employment, charities, sports and the environment. Children’s Homes, Old People’s Homes, Hospice Centres and Disabled People’s Associations are amongst the beneficiaries of OK Zimbabwe’s Social Responsibility efforts.

Through its 68 branches, OK Zimbabwe Limited is involved in various local community activities. The branches are proud to be able to make a positive contribution to the communities in which they operate.

Below are some of our key social investment programmes:

Health And Safety

Education

Training

The Company continues to provide both preventative and curative health delivery services to its employees. Outreach programmes to family members of the sick and bedridden employees revealed a growing need for generic as well as systematic counselling services, which were provided through professionals.

Principles Of Corporate Governance

The Board is committed to the principles of good corporate governance and best practices, which endorse a culture of business ethics, openness, transparency, integrity and accountability in its dealings with all stakeholders.

Key Governance Parameters

The primary objective of any system of good corporate governance is to ensure that Directors, executives and managers, to whom stewardship of companies is entrusted by the shareholders, carry out their responsibilities faithfully, effectively and efficiently.

The Group’s structures, operations, policies and procedures are continuously assessed and updated for compliance with the law and generally accepted standards of good corporate governance.

Ethics

Directors and employees are required to observe the highest ethical standards, ensuring that business practices are conducted in a manner which, in all reasonable circumstances, is beyond reproach. In this regard, the Group has a detailed code of ethics for all levels of employees.

In line with the Zimbabwe Stock Exchange listing requirements, the Group observes a closed period prior to the publication of its interim and year-end financial results, during which period Directors, officers and employees may not deal in the shares of the Group. Where appropriate, this restriction is also extended to include other sensitive periods.

Equal Opportunity

Employee Participation

Safety, Health And Environment

Board Committees

In line with principles of good corporate governance, the Company constituted two permanent Board Committees to assist the Board in the discharge of its responsibilities as described below:-

Audit Committee

Remuneration Committee

The Committee consists of three Non-Executive Directors and the Chief Executive Officer, with the Finance Director attending as ex-oficio. The internal and external auditors attend the meetings and have unrestricted access to the Chairman of the Committee. The Committee meets at least twice a year.

The function of the Audit Committee is to advise the Board on all matters relating to corporate governance and regulatory issues. In particular, it monitors financial controls, accounting policies, accounting systems and assesses the processes of identifying, monitoring and managing business risks. The Audit Committee monitors the Internal Audit Charter, plans, programs, reports and recommends the appointment of external auditors.

View committee membership

Incorporated in 1918 and listed on the Johannesburg (JSE) and Namibian (NSX) stock exchanges, Oceana Group is a global fishing company, and an important participant in the South African, Namibian and US fishing industries. We are ranked as one of the top 20 seafood companies in the world by market capitalisation. We employ 4 845 people globally, of whom 3 736 are directly employed and 1 109 are indirectly employed. Oceana is a black-owned company and a level 1 B-BBEE contributor.

“On the surface a fishing company. Deep down, so much more.”

Over the past 5 years, Oceana has consistently been rated as one of the most empowered JSE-listed companies (Empowerdex Most Empowered Companies ranking).

Our core business is the catching, processing, marketing and distribution of canned fish, fishmeal, fish oil, lobster, horse mackerel, squid and hake. The business includes mid-water fishing (horse mackerel), deep-sea trawling (hake), and inshore fishing for pelagic fish (anchovy, Gulf Menhaden, redeye herring and pilchard). In addition, we provide refrigerated warehouse facilities and logistical support services.

“We supply fish and fish products to consumers across the spectrum – in Africa, Asia, Europe, the US, Australia and the Far East.”

The group’s principal market is the lower-end consumer (who prefers canned fish and horse mackerel). Oceana is particularly well renowned for the sale of canned pilchards under the Lucky Star label. Lucky Star is an iconic retail brand in South Africa, and leads the market within the canned fish sectors in which it operates. This includes Botswana, France, Kenya, Lesotho, Mozambique, Malawi, Mauritius, Namibia, South Africa, Swaziland, the United Kingdom, Zambia and Zimbabwe.

We also sell products to upper-end consumers (who are predominantly buyers of lobster, hake and certain canned fish).

The majority of our sales revenue comes from South Africa and Namibia, followed by markets in Southern and West Africa, the US, Europe, Australia and the Far East. The consolidation of Oceana’s South African, Namibian, Angolan and US fishmeal supply has increased the group’s scale and mobility in the global market. This is supported by increasing global protein requirements and growing demand for fishmeal and fish oil products. Oceana’s fishmeal and fish oil market has a global footprint. The group’s US‑based, Daybrook Fisheries operation is responsible for a significant portion of our fishmeal and fish oil products.

Oceana’s fishing and production‑related activities are conducted primarily through four operating divisions: Lucky Star; Daybrook Fisheries; Blue Continent Products; and Oceana Lobster. A fifth division, CCS Logistics, provides refrigerated warehouse facilities with operations in South Africa, Namibia and Angola. This structure creates value through economies of scale and efficiencies in terms of raw material and product volumes, use of vessels and production resources, market focus, risk management and growth opportunities.

We are committed to and support responsible fishing practices. Oceana is a founder member of the Responsible Fisheries Alliance (RFA), and has partnered with WWF and other members in the RFA to advance an ecosystems approach to fisheries management.

The group has a highly skilled board and an experienced management team who maintain a culture of good governance informed by effective risk management and compliance practices. This is supported by a stable and experienced employee base.