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.
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.
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.
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.
Results demonstrate robustness of Group’s performance
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.
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.
Momentum Metropolitan notes with sadness the passing of Dr. Clarence Mini, Chairperson of the Council for Medical Schemes (CMS).
The Momentum Metropolitan Foundation, formerly known as the MMI Foundation, is deeply saddened and shocked at the sudden and untimely passing of HIV scientist and researcher Professor Gita Ramjee in Umhlanga, Kwa-Zulu Natal on 31 March 2020.
South African non-profit organisation Gift of the Givers has announced a partnership with Momentum Metropolitan Holdings to establish a drive-through testing facility at its Cape Town regional head office in Bellville. The building’s open-top parking lot will be turned into a drive through testing facility to provide safe and efficient testing for the COVID-19 virus following President Cyril Ramaphosa’s announcement on Monday, 30 March to elevate the efforts in testing communities to aggressively flatten the curve of the pandemic.
