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Momentum Metropolitan Holdings Limited (Momentum Metropolitan)

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Momentum Metropolitan’s shareholders approve empowerment transaction incorporating all permanent South African-based employees

Momentum Metropolitan’s employee share ownership programme (ESOP) to strengthen its B-BBEE ownership and retain its competitive Level 1 B-BBEE rating, has received the requisite approval from shareholders and will now proceed to implementation. The vote took place during a General Meeting, held in Johannesburg on 26 November 2020. The transaction was resoundingly supported by more than 99% of shareholders, more than the 75% required.

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Q1 - Momentum Metropolitan performs well despite Covid-19 challenges

Group delivers solid first quarter results for F2021. The company performed very well during the first quarter of their financial year, increasing normalised headline earnings by 18% to R1 042 million.

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Momentum Metropolitan’s empowerment transaction for all permanent SA-based staff

Momentum Metropolitan announced a proposed transaction to strengthen its B-BBEE ownership and retain its competitive empowerment rating. This will be an inclusive employee share ownership scheme that will benefit all permanent South-African based employees and includes all races.

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Momentum Metropolitan concludes exit from Zambia

Momentum Metropolitan’s employee share ownership programme (ESOP) to strengthen its B-BBEE ownership and retain its competitive Level 1 B-BBEE rating, has received the requisite approval from shareholders and will now proceed to implementation. The vote took place during a General Meeting, held in Johannesburg on 26 November 2020. The transaction was resoundingly supported by more than 99% of shareholders, more than the 75% required.

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Momentum Metropolitan’s shareholders approve empowerment transaction incorporating all permanent South African-based employees

Momentum Metropolitan’s employee share ownership programme (ESOP) to strengthen its B-BBEE ownership and retain its competitive Level 1 B-BBEE rating, has received the requisite approval from shareholders and will now proceed to implementation. The vote took place during a General Meeting, held in Johannesburg on 26 November 2020. The transaction was resoundingly supported by more than 99% of shareholders, more than the 75% required.

Read more


Q1 - Momentum Metropolitan performs well despite Covid-19 challenges

Group delivers solid first quarter results for F2021. The company performed very well during the first quarter of their financial year, increasing normalised headline earnings by 18% to R1 042 million.

Read more


Momentum Metropolitan’s empowerment transaction for all permanent SA-based staff

Momentum Metropolitan announced a proposed transaction to strengthen its B-BBEE ownership and retain its competitive empowerment rating, a business imperative. This is to be achieved via an inclusive employee share ownership scheme that will benefit all permanent South-African based employees. This transaction is in line with the company’s inclusive and authentic approach to ownership and transformation, and includes all races.

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Momentum Investments’ international investment management division acquires UK-based asset manager

Momentum Investments’ international investment management division, Momentum Global Investment Management (MGIM), has made a significant acquisition which will increase its market share in the UK and its other global markets.

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Momentum will not renew its One-Day cricket sponsorship, but continues to support women’s team

Financial services provider Momentum announced today that they will not be renewing their sponsorship of One-Day cricket when their contract with Cricket South Africa (CSA) expires in April 2021. However, they will continue their support of the Momentum Proteas as the naming rights sponsor for the national women’s team.

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Momentum Metropolitan looks beyond Covid-19

Results demonstrate robustness of Group’s performance

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Momentum Metropolitan to list on A2X

Momentum Metropolitan Holdings (share code: MTM) has been approved for a secondary listing on A2X Markets and will list on 5 August 2020. Momentum Metropolitan will retain its listings on the Johannesburg Stock Exchange (JSE) and the Namibian Stock Exchange and the Group’s issued share capital will be unaffected by its secondary listing on A2X.

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Covid mutes Momentum Metropolitan’s upward curve

Momentum Metropolitan showed good operational performance during the third quarter of their financial year (January to March 2020), slightly better than the previous two quarters. Excluding the impact of market-related items in March, earnings from operations for the quarter were R947 million.

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Dr Clarence Mini made valuable contribution to industry, will be missed

Momentum Metropolitan notes with sadness the passing of Dr. Clarence Mini, Chairperson of the Council for Medical Schemes (CMS).

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