In the spirit of broad-based empowerment, current and future clients and distributors, where appropriate, will be invited to participate in the Group Transactions. To this end, Old Mutual (SA), Nedcor and Mutual & Federal have designed specific client and distributor schemes. Old Mutual (SA) has created a trust to support the emergence of new black distributors as set out in paragraph 3.4.1. Nedcor has designed specific schemes for its corporate and retail clients detailed in paragraphs 4.4.1 and 4.4.2 below. Mutual & Federal has established a Black Broker Trust to support black people wishing to develop broker businesses as detailed in paragraph 5.5 below.

Community Schemes

Community Schemes enhance the broad-based nature of the Group Transactions and supplement existing community social initiatives undertaken by the Group.