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LATEST NEWS FOR Momentum Metropolitan Holdings Ltd.  

Momentum Metropolitan Holdings Ltd. (MTM) is a South African based financial services group listed on the Johannesburg and Namibian Stock Exchange. MTM was formed from the merger of Metropolitan and Momentum, sizeable insurance-based financial servic... [more info]

Discovery not the only medical scheme losing members

19 Oct 2021 /  Moneyweb   21
Only Gems grew materially in 2020 ….

Santam loses big business interruption insurance appeal case

UPDATE
7 Oct 2021 /  Suren Naidoo   16
Court dismisses appeal with costs in big win for Ma-Afrika Hotels and Stellenbosch Kitchen, while insurer concedes defeat saying it accepts the decision.

Holdcos are benefiting from spinning out assets

29 Sep 2021 /  Simon Brown   1
RMI is to drop Discovery and Momentum Metropolitan, and Telkom aims to list Swiftnet – with each company’s share price rising dramatically as a result: Schalk Louw from PSG Wealth Old Oak.

Global energy crisis weakening the rand

29 Sep 2021 /  Simon Brown  
Matete Thulare of RMB on what’s driving the rand weaker. PPC CEO Roland Van Wijnen on its successful debt restructuring and refinancing and Schalk Louw of PSG Old Oak on the unbundling proposed by RMI and Telkom.

Momentum to halt medical aid price increases until September 2022

27 Sep 2021 /  Fifi Peters   11
The medical insurance group is aiming to help people ‘understand the value and the power of being vaccinated and allay some of the myths’: Damian McHugh from Momentum Health Solutions.

Stanlib’s head of listed property Keillen Ndlovu resigns

22 Sep 2021 /  Suren Naidoo   1
Nesi Chetty to take over top post upon Ndlovu’s departure at the end of October.

Remgro earnings impacted by continued lockdown and contribution to SME trust

22 Sep 2021 /    
‘We are still uncertain about the lingering effects of the pandemic [and] we are very encouraged by the improved performance over the previous financial year’: CFO Neville Williams.

RMI Holdings shares leap on unbundling announcement

20 Sep 2021 /  Fifi Peters   1
Shareholders will end up with a direct holding in Discovery and Metropolitan, meaning that they will be left with a direct stake: CEO Herman Bosman.

RMI to unbundle Discovery and Momentum Metropolitan

20 Sep 2021 /  Moneyweb    2
The share price jumps 14% as the market believes it will unlock material shareholder value.

Stor-Age in new self-storage JV with Nedbank

UPDATE
15 Sep 2021 /  Suren Naidoo   1
Proposed deal is part of the group’s current R685m SA development pipeline.

Is SA a bit of a value trap following the events of the past decade?

13 Sep 2021 /  Ryk van Niekerk   1
‘I do believe that our companies from a valuation perspective – even despite those shorter-term risks – are for the longer term in a good position’ - Sonja Saunderson, CIO at Momentum Investments.

Momentum FY results, Viceroy fined and Sibanye at year low

9 Sep 2021 /  Simon Brown   6
Massive death claims impact insurance results, FSCA tackles false and misleading information, and PGMs are losing ground: Wayne McCurrie from FNB Wealth and Investment.

Infrastructure offering alternative returns

9 Sep 2021 /  Simon Brown  
FNB's Wayne McCurrie talks Momentum results and unpacks the R50m FSCA fine for Viceroy Research. Bowler Metcalf CEO Friedel Sass chats results as packaging has its best year. Satrix's Kingsley Williams takes a look at infrastructure as an asset class.

Momentum reports highest rate of death claims

8 Sep 2021 /  Dudu Ramela  
‘Sales were fantastic, but the financial results ended up being quite poor for the year’: Risto Ketola – group finance director.

Lewenseise laat Momentum Metropolitan momentum verloor

8 Sep 2021 /  Ryk van Niekerk  
Jeanette Marais – adjunk-uitvoerende hoof, Momentum Metropolitan

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