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Momentum Metropolitan Holdings Limited (Momentum Metropolitan)

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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.

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).

Statement on the sudden death of professor Gita Ramjee

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.

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MMI finalises brand strategy, capitalising on existing brand strengths

MMI Holdings has announced its branding strategy. The newly established group has decided to retain and apply its existing client-facing brands, Metropolitan and Momentum, in the six operating divisions. This means that MMI will capitalise and continue to build on the strengths and existing market positioning of the two complementary brands in their respective markets.

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MMI poised to realise growth potential

MMI, born out of the merger of Metropolitan and Momentum, released its financial results for the six months ended 31 December 2010 earlier today (Wednesday 9 March).

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MMI withdraws appeal against conditions imposed by Competition Tribunal

The board of directors of MMI Holdings Limited (MMI) has decided to withdraw the appeal, lodged at the Competition Appeals Court, regarding employment-related conditions imposed by the Competition Tribunal of South Africa (the tribunal).

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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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