Momentum Group Ltd - Company Profile
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Momentum Group Ltd, formerly known as Momentum Metropolitan Holdings Ltd (Momentum), is a South Africa-based financial services group. The company's primary activities include providing life and non-life insurance, asset management, property management, investment and savings solutions, and healthcare services. Its product portfolio includes life insurance solutions, medical aid plans, FundsAtWork Umbrella funds for corporate clients' retirement savings, and short-term insurance solutions. The company serves individual and corporate clients, offering tailored plans to safeguard financial interests and provide healthcare solutions. Momentum’s core operations are spread across several African countries, including Namibia, Botswana, Lesotho, Ghana, and Mozambique. Momentum is headquartered in Centurion, South Africa.
Headquarters
South Africa
Address
268 West Avenue, Centurion, Gauteng, 0157
Website
www.momentumgroupltd.co.za
Telephone
27 12 6844255
No of Employees
13,390
Industry
Financial Services
Ticker Symbol & Exchange
MTM (JNB)
Revenue (2024)
$3.9B
22%
(2024 vs 2023)
EPS
XYZ
Net Income (2024)
XYZ
55.4%
(2024 vs 2023)
Market Cap*
$3.2B
Net Profit Margin (2024)
XYZ
27.4%
(2024 vs 2023)
* As of and is in US$
Momentum Group Ltd premium industry data and analytics
Products and Services
| Products | Services | Brands |
|---|---|---|
| Risk (Insurance) and Savings (Income) | Active and Passive Investment Management | Metropolitan |
| Retirement Funds for Large Corporate and SMME Clients | Property Investment Management | Momentum |
| Retirement Annuities and Credit Life Cover | Wealth Creation and Preservation | Guardrisk |
| XYZ | XYZ | |
| XYZ | XYZ | |
| XYZ | XYZ |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2025 | Divestiture | In September, the company sold Metropolitan Ghana to emPLE Group, an insurance service provider. |
| 2024 | Contracts/Agreements | In December, the company signed an agreement to acquire Bidvest’s share in FinGlobal Migration Proprietary Limited. |
| 2024 | Corporate Changes/Expansions | In July, the company changed its name to Momentum Group Limited. |
Competitor Comparison
| Key Parameters | Momentum Group Ltd | Old Mutual Ltd | Sanlam Ltd | Liberty Group Ltd | OUTsurance Holdings Ltd |
|---|---|---|---|---|---|
| Headquarters | South Africa | South Africa | South Africa | South Africa | South Africa |
| City | Centurion | Cape Town | Bellville | Johannesburg | Centurion |
| State/Province | Gauteng | Western Cape | Western Cape | - | Gauteng |
| No. of Employees | 13,390 | 27,968 | 149,036 | - | 7,467 |
| Entity Type | Public | Public | Public | Private | Private |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Tyrone Soondarjee | Chairman | Executive Board | 2026 | - |
| Jeanette Cilliers | Director; Group Chief Executive Officer | Executive Board | 2023 | - |
| Nontokozo Madonsela | Chief Marketing Officer - Group | Senior Management | 2017 | - |
| Lourens Botha | Chief Executive Officer - Guardrisk | Senior Management | 2023 | - |
| Jan Lubbe | Chief Risk Officer - Group | Senior Management | 2013 | - |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2026 | XY |
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