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Momentum Metropolitan Holdings Limited (Momentum Metropolitan)

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Momentum Metropolitan Holdings partners with Gift of the Givers for COVID-19 drive through testing facility

Momentum has partnered with non-profit organisation Gift of the Givers to establish a drive-through testing facility at its Cape Town regional head office in Belville. 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. Momentum Metropolitan is doing all it can to contribute to flattening the curve and reducing the spread of COVID-19 in South Africa. Test are by appointment only and will only take place if stringent criteria are met.

Momentum Metropolitan Empowers SA Youth to Enhance Youth Employability

In response to a defined and definite national need, Momentum Metropolitan in 2018 sharpened its CSI focus to wholly concentrate on finding workable and sustainable solutions to place young people into gainful jobs. Driven by the Momentum Metropolitan Foundation, the company to date has placed 927 young people into employment. Training for a further 840 candidates is in the pipeline.

Momentum Metropolitan Holdings partners with Government to fight COVID-19

Momentum Metropolitan Holdings has partnered with Government and the National Department of Health (NDOH) to provide financial support and offer resources to support the various initiatives aimed at preventing and containing the impact of COVID-19 on all South Africans.

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MMI lists on the JSE main board

MMI Holdings Limited ("MMI"), the new financial services company born from the merger of Metropolitan and Momentum, listed on the Johannesburg Stock Exchange today (1 December 2010), following eight months of intensive behind-the-scenes activity since the first transaction announcement in March 2010.

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MMI Holdings leadership announced

Momentum and Metropolitan today announced the business structure and leadership team for MMI Holdings Limited (MMI), in the proposed merger between these two insurance-based financial services companies. After completing one of the most comprehensive due diligence processes in South African corporate history and gaining all the requisite regulatory approvals, MMI will form the third largest listed insurer in South Africa, with an embedded value of around R30 billion. The Group is set to list on the JSE Limited on 1 December 2010.

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Metropolitan and Momentum merger unconditional

All the suspensive conditions to the transaction between FirstRand, Momentum and Metropolitan were fulfilled this week, paving the way for the creation of the merged entity, MMI Holdings.

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Competition Tribunal reaches decision on Metropolitan/Momentum merger

The Competition Tribunal approved the proposed merger of Metropolitan and Momentum to form MMI Holdings, subject to certain employment-related conditions. MMI Holdings will be the third largest listed life assurer in South Africa.

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Momentum/Metropolitan merger proceeds MMI Holdings created

FirstRand, Momentum and Metropolitan today announced that they have reached agreement on the final terms to proceed with the merger of Metropolitan and Momentum, which will create the third largest listed insurer in South Africa with an embedded value of around R30 billion.

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FirstRand to unbundle merged entity to facilitate transaction and unlock value for shareholders

All the suspensive conditions to the transaction between FirstRand, Momentum and Metropolitan were fulfilled this week, paving the way for the creation of the merged entity, MMI Holdings.

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