Western Cape Business 2017 edition

FOCUS Old Mutual’s

FOCUS Old Mutual’s Provincial Management Board Old Mutual’s Provincial Management Board (PMB) was created to enable positive futures through collaboration at all levels of the organisation. What are the Provincial Management Boards? Each province in South Africa has a board that is served by an Old Mutual Exco member and representatives from the business units, including Corporate, Retail Affluent, Retail Mass, Old Mutual Investment Group, Mutual & Federal and Nedbank. What is their objective? The boards were established in order to drive priorities and performance in the regions. Our key objective is to promote collaboration and efficiency by aligning projects, decisions and resources of the different business units in the regions. This is to help Old Mutual South Africa (OMSA) execute its strategy in the regions with greater effectiveness. The boards enable us to maximise synergies and cross-fertilisation between the different businesses in the regions and allow us to approach customers and the communities we serve as one green group. They also play an important role in building our brand and reputation: How do they benefit the communities you operate in? Through the relationships they manage, the Provincial Management Boards play a key role in positively impacting South Africa’s socioeconomic development in the regions. It is key to our corporate culture that we strive to improve the lives of people and uplift the communities we serve, and we believe that this helps to keep the OMSA fortress strong. Savarion Arendse, Provincial Management Board Chairman We also fully support the National Development Plan (NDP) as, for us, the fundamental objectives of the Plan (reducing poverty, unemployment and inequality) can best be achieved through forging healthy public and private partnerships. How important is networking in order to achieve the Board’s objectives? We believe strongly in the importance of networking. Senior members of OMSA as well as the Old Mutual Investment Group go on roadshows across South Africa a couple of times a year to visit various regions and meet with Provincial Management Boards, key stakeholders and employees. The main objective is to build strong relationships and networks, and then to share these insights and updates with our colleagues throughout the Old Mutual group. Who makes up the PMB membership and what are their roles and responsibilities? The PMB comprises senior leadership of each business unit represented in the province, in addition to senior leadership (regional managers) for Nedbank and Mutual & Federal, as well as the OMSA Exco. The roles and responsibilities of the PMB chairperson is as follows: • Fostering collaboration. • Removing obstacles to the PMB’s successful delivery, adoption and use. • Maintaining at all times the focus of the PMBs on the agreed scope, outcomes and benefits. • Monitoring and managing the factors outside the PMB’s control that are critical to its success. WESTERN CAPE BUSINESS 2017 52

Old Mutual SuperFund – A Comprehensive Retirement Solution FOCUS Old Mutual Corporate has developed a flexible and dynamic retirement savings umbrella fund that offers substantial employee benefits – at the same time helping the company to grow their appeal as an employer of choice. Help your employees save for retirement Every business in SA needs to incentivise and enable its employees to save for their future – not only for the wellbeing of those employees, but also to help South Africa build a savings culture. By making employee benefits more accessible, flexible and affordable than ever before, Old Mutual SuperFund offers a simple way for businesses to help their employees save for retirement. Old Mutual SuperFund is as unique as your company, and delivers exactly the right solution, at the right price, tailored to the needs of your business and its employees – regardless of the size or diversity of your workforce. It does this by means of three simple, distinct and highly effective retirement funding and risk cover solutions, each with its own, flexible level of member and employer choice. As a result, Old Mutual SuperFund has made employee benefits a reality for businesses of every shape and size across South Africa. And it can do the same for your business. Why should you invest in employee b e n e fi t s Offering employee benefits unlocks significant competitive advantages, not least of which is an enhanced appeal as an employer of choice, so you can compete effectively for the best talent. • Adapts to the changing needs of your business; • Integrates seamlessly into your business and payroll processes; • Has simple eligibility requirements to maximize employee access; • Offers transparent, simple and affordable fees*; Clint Beech, Regional Sales Manager • Uses a risk-free authorised collection payment processes; and • Comes with dedicated, professional support. For more information on Old Mutual SuperFund visit www.oldmutual.co.za/superfund or speak to your financial adviser. * When comparing employee benefits costs with that of our competitors, be sure to consider all the fees involved, including those for investment management, advice, and administration. And when your employee benefits are delivered through Old Mutual SuperFund, the benefits are compounded because the solution: 53 WESTERN CAPE BUSINESS 2017