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Momentum Metropolitan Holdings Limited (Momentum Metropolitan)

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Momentum Metropolitan delivers on empowerment promise for all permanent, SA-based employees

Momentum Metropolitan Holdings today (Thursday 22 April 2021) delivered on its proposed Employee Ownership Share Plan (ESOP) empowering over 13,000 employees from an allocation of over 44.9 million shares. This follows the shareholder approval as announced in November 2020.

Update on COVID-19 Vaccination Rollout Strategy

We have been working hard with government and other role-players in driving a successful vaccine rollout strategy. We would like to share our progress on enabling the vaccination of our members and South Africans. (Our members include all members of all the medical schemes administered by our Health business.)

Momentum Metropolitan’s Cyber Security Team issue cautionary to consumers to be alert to not get taken by scammers.

As times get tougher, scammers are becoming more determined and craftier at cheating people of their money. Stay alert and report any suspicious behaviour to your financial advisor.

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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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