OLD Mutual Life Assurance Company Zimbabwe (OMLAC) is in the process of expanding the branch network for its funeral services division nationwide in an effort to improve access to customers and grow market share. OMLAC, a subsidiary of Old Mutual Zimbabwe, launched the fully-fledged funeral service in 2022 and has steadily grown its market presence…
Old Mutual grows funeral services branch network
Old Mutual said its board had approved the migration after concluding that the VFEX had developed sufficient scale and liquidity to serve as a viable alternative market. The company said the move would restore normal trading access while allowing shareholders to continue receiving dividends and benefiting from the value of their investment.