{
Old Mutual Limited

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}
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001122334455554433221100

jem hr secures 3.3 million funding to enhance hr solutions for employees

South African startup Jem HR has secured ZAR60 million (US$3.3 million) in pre-Series A funding to enhance its WhatsApp-based HR platform, which provides deskless employees with access to wages, company communications, and financial wellness tools. The funding, led by Old Mutual's Next176, will facilitate expansion beyond Southern Africa and the development of new products aimed at improving the lives of frontline workers. CEO Simon Ellis emphasized the platform's role in addressing challenges faced by deskless employees, including low wages and safety concerns.
Disrupt Africa
South African Rand Old Mutual Limited ZAF Caroline Bright Simon Ellis
Business & Industry, Press Release
10:00 25.03.2025

Old Mutual reports strong earnings growth and strategic advancements in 2024

Old Mutual reported a 14% increase in adjusted headline earnings for 2024, with a 17% rise in earnings per share, driven by strong operational performance and cash generation of R10.5 billion. The company is set to launch OM Bank by Q4 2025, despite anticipated initial losses, while enhancing its digital capabilities and sustainability initiatives. Looking ahead, Old Mutual aims to navigate economic challenges in South Africa and expand its operations across the continent.
IG
South African Rand Old Mutual Limited ZAF
Business & Industry, Market Report
11:14 18.03.2025
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