Here’s how Old Mutual is expanding its COVID-19 support measures

Old Mutual, a longstanding financial institution in South Africa, has demonstrated unwavering support for the nation during the challenging days of the COVID-19 pandemic. As industries and individuals grapple with the far-reaching effects of the virus, Old Mutual has stepped up its efforts to provide aid in critical areas such as medical care, education, and food relief. Khanyi Chaba, the Head of Responsible Business at Old Mutual, shared insights into the scale and impact of the organization's initiatives in a recent interview on CNBC Africa. In their 175 years of existence, Old Mutual has recognized the urgent need for enhanced support in response to the current crisis. Chaba emphasized that the magnitude of their intervention reflects the gravity of the situation, with education, food security, and frontline workers being key focus areas for the company's assistance. By collaborating with government departments, NGOs, and their provincial network, Old Mutual has been able to navigate the challenges posed by the COVID-19 lockdown and facilitate the distribution of aid efficiently. Despite the gradual easing of lockdown restrictions in South Africa, Old Mutual remains committed to sustained support for the country. Looking ahead, the organization aims to leverage the lessons learned during the pandemic to drive initiatives that promote financial education and resilience among their customers. Chaba highlighted the importance of adaptability and a collaborative approach in maximizing the impact of their efforts. In response to the financial strains faced by some customers, Old Mutual has allocated 300 million towards providing payment holidays to alleviate their burdens. Amidst these endeavors, the spirit among Old Mutual staff remains resolute and dedicated. Employees have been instrumental in driving the organization's relief efforts, volunteering their time and resources to reach communities in need. Through a strong sense of unity and commitment to service, Old Mutual employees have exemplified resilience and compassion in the face of adversity. By fostering a culture of support and empowerment, the company aims to emerge from this crisis stronger and more united than ever before. As South Africa navigates the complexities of the pandemic, Old Mutual's expansive support measures serve as a beacon of hope and solidarity for the nation. By prioritizing the well-being of their customers, employees, and communities, the organization continues to make a meaningful difference in the lives of those affected by COVID-19.