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

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.

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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.

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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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Focus pays off for Momentum Metropolitan - Group posts double-digit earnings growth

Eighteen months into its three-year Reset and Grow turnaround strategy, Momentum Metropolitan Holdings (JSE: MTM) again reported good operational results – amidst a challenging economic environment. At its interim results announcement today, the Group reported that it had increased diluted normalised headline earnings to R1.8 billion – signifying double-digit growth of 10% year-on-year. On a per share basis, diluted normalised headline earnings increased by 12% to 118 cents. Momentum Metropolitan also declared an ordinary dividend of 40 cents per ordinary share, an increase of 14% on the prior year.

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Momentum Metropolitan Holdings maintains Level 1 B-BBEE by getting key elements right

For the second consecutive year, the Momentum Metropolitan Holdings Group (MomMet) has retained its Level 1 Broad-Based Black Economic Empowerment (B-BBEE) status under the revised Financial Sector Code (FSC).

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Momentum Metropolitan Holdings appoints Brand Pretorius as CEO of its combined short-term insurance business

Momentum Metropolitan Holdings Limited is pleased to announce that Brand Pretorius has been appointed as Chief Executive Officer of its combined Alexander Forbes Insurance (AFI) and Momentum Short-term Insurance (MSTI) businesses.

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Momentum Metropolitan Holdings acquires Alexander Forbes Short-term Insurance business in South Africa

Momentum Metropolitan Holdings Limited (previously MMI Holdings Limited) is pleased to announce that it has completed its acquisition of the Alexander Forbes Short-term Insurance business (AFI) from Alexander Forbes Limited following unconditional regulatory approval.

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Momentum Metropolitan Holdings acquires Alexander Forbes Short-term Insurance business in South Africa

Momentum Metropolitan Holdings Limited (previously MMI Holdings Limited) is pleased to announce that it has completed its acquisition of the Alexander Forbes Short-term Insurance business (AFI) from Alexander Forbes Limited following unconditional regulatory approval.

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Momentum decides to remain as Cricket SA’s partner through this challenging time

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