Rand Mutual Assurance Rma
Founded in 1894, The Rand Mutual Assurance Company Limited (RMA) is a non-profit mutual assurance organisation which is owned by its policy holders. RMA operates in terms of section 30 of the Compensation for Occupational Injuries and Diseases Act, 130 of 1993 as amended, under license from the Minister of Labour. The RMA Group also operates under both short and long-term insurance licenses issued by the Financial Services Board (FSB).
As an organisation that is compassionate and caring, RMA goes the extra mile to ensure that beneficiaries and their families receive the care and compensation they are entitled to when they have sustained either a work-related injury or occupational disease.
The partnership between Black Umbrellas and RMA was established in 2017, where RMA funded the Tshwane incubator and thereafter funded the establishment of BU’s very first township incubator in Soweto which was launched in 2019.