Company News & Results

Momentum Metropolitan announces strong results

Momentum Metropolitan delivered a historic peak in normalised headline earnings (NHE) of R5.1 billion for the 12 months ended 30 June 2023, with operating profit increasing by 31% to R4.4 billion, from R3.4 billion in the prior year.

Appointment of Ayanda Ndlovu as Coface CEO for South Africa

Momentum Metropolitan acquires RMI Investment Managers

In a transaction signed on 11 September 2023, Momentum Metropolitan entered into a sale agreement with OUTsurance Group (previously Rand Merchant Investment Holdings – RMIH) in terms of which Momentum Metropolitan will acquire RMIH’s share in the RMI Investment Managers Group Proprietary Limited (IMG).

PPS Investments Roadshow

From 21 – 31 August, PPS Investments hosted their annual roadshow. The theme for this year was Investing in volatile markets for shared success which took place in six locations.