Old Mutual plc is an international long-term savings group. Established in 1845 in South Africa, it is now a FTSE100 listed company operating in 34 countries. In South Africa, Old Mutual is a leading player on the corporate landscape, not just because of its financial impact but also because of its leadership on issues of social transformation and economic redress.
The company has led the way in areas like black economic empowerment and Old Mutual's Masisizane campaign — which means “let's help each other” — is pumping more than R400 million into women-owned enterprises, skills development and financial education in rural areas. The Old Mutual Foundation, set up in 1999, does innovative work in education and small-scale farming — with a strong emphasis on staff volunteerism as a driving force.
Old Mutual also makes significant contributions to South African sport, both at the highest levels and at grassroots. Paul Hanratty, MD of Old Mutual South Africa, welcomed the partnership with Dreamfields with these words: “For Old Mutual our partnership with Dreamfields is about making a difference in the everyday lives of ordinary South Africans. Each time a field is established it will send a message to the community around it that they are being cared for, and that they are being given the opportunity to succeed if they just grasp it with both hands.”
Old Mutual's backing of Dreamfields reinforces the company's other investments in soccer, including the Old Mutual Football Academy and partnerships with Bloemfontein Celtic, Ajax Cape Town and Moroka Swallows. “Those three teams all have strong development programmes and our investment in those teams is part of our philosophy to invest in sport at the growth end.
“Dreamfields continues that philosophy and recognises that participating in sport is just one aspect of South African's lives, albeit a hugely important one. It is also an extension of the work of the Old Mutual Foundation which focuses on sustainable initiatives at grassroots level. For all those reasons, there is an almost magical fit between Dreamfields and Old Mutual,” Hanratty said.
Visit Old Mutual at www.oldmutual.co.za