Media centre

Momentum shines a spotlight on social codes impacting women's finances

Momentum's annual #SheOwnsHerSuccess campaign launches under the impactful theme: My Success By Design. The financial services provider will unpack the importance of challenging the set pathways for women's success.

The NHI Act

Damian McHugh talks about what the NHI bill means for you.

Top agencies appointed to amplify collective impact

The strategic move underscores Momentum Metropolitan’s commitment to enhancing excellence and engaging diverse audiences through its marketing initiatives.

Progress with the processing of the NHI Bill

Now that the National Health Insurance (NHI) Bill has been passed, there may be uncertainty regarding the future of the private healthcare sector in South Africa.

Momentum Insure celebrates 2nd year of UNICEF partnership

Through our continued partnership with UNICEF SA, we want to make South Africa safer for everyone, starting with our children. We aim to create more than 400 safe places through the Safe Parks initiative," says Shweshwe Tlhapane, CMO at Momentum Insure.

Momentum Unisa Household Financial Wellness Index 2022

The Momentum Unisa Household Financial Wellness Index is the most comprehensive and authoritative scientific study into the financial wellness of South African households. The latest report notes that South Africans need a helping hand to guide their recovery post-COVID-19 and ensure it is sustainable and ready to withstand future global or local shocks.

UNICEF and Momentum Insure join hands to protect and help keep children safe

The protection and safety of children continues to be a critical concern within communities across South Africa, as violence against children threatens their lives and wellbeing daily. On average, more than 20 children are victims of violence every day in South Africa, according to statistics from the South African Police Service (SAPS).

Momentum is going for it again

Momentum’s #SheOwnsHerSuccess campaign kicks off today to mark the beginning of Women’s Month.

Now in its 4th season, the campaign considers the difficulties women face and provides thoughtful, practical advice to ensure women keep striving for their goals, again and again.

Setting the record straight: Momentum Insure pays home claim in full and goes beyond duty to accommodate family in need

We fully sympathise with Dr. Matshikiri’s experience and understand that what he went through can be frustrating and traumatic. Which is why we not only honoured the terms of the policy agreement we had with him, but also supported him and his family well beyond what was required.

Momentum Insure – the right insurance partner

When it comes to customer loyalty, South African Customer Satisfaction Index (SAcsi) published on 5 April 2022, is measured by repurchase intention and price tolerance - Momentum Insure scores the highest of the participating insurers.

BabyYumYum Virtual Parenting Experience

SA's #1 digital parenting portal launches even bigger 2022 Virtual Parenting Experience powered by Momentum Medical Scheme.

In 2021 BabyYumYum.co.zaopen_in_new responded to the needs of parents and brands by packaging an edutainment event which resulted in the first
Virtual Parenting Experienceopen_in_new. This virtual event exceeded not only any expectations they themselves had, but those of their audience and brand
partners too.

Momentum Metropolitan again certified as Top Employer in 2022

Momentum Metropolitan Holdings has earned Top Employer Certification for the second consecutive year from the International Top Employer Institute, the global HR authority on certifying excellence in employee conditions.

The certification is based on employers that provide excellent employee conditions, nurture and develop talent across all levels of the organisation, and strive to continuously optimise employee experience and employment practices.

Momentum Insure and UNICEF Safe Parks partnership creates safe spaces for children to be children

Just a few months ago, Stats SA announced that while the childhood death rate in South Africa has decreased, our youngest are the most vulnerable and still at risk. This deeply concerning reality is one of many reasons why Momentum Insure has partnered with United Nations Children's Fund (UNICEF) and the National Department of Social Development to improve the quality of services in Safe Parks and to integrate adolescent and youth friendly programmes in these spaces of sanctuary.

Momentum Multiply to offer rewards for getting vaccinated

Momentum Multiply, Momentum’s wellness and rewards programme, has announced it will reward members who are fully vaccinated. This is in line with the programme’s philosophy of rewarding good choices that lead to improved health and wellness.

From over R200m relief for medical scheme members on Momentum Medical Scheme, to vaccine incentives

Momentum Health Solutions has announced the benefit enhancements and product updates for 2022, and its main focus was on finding ways to help embattled consumers regain their financial and wellness momentum.

Momentum Medical Scheme brings Members over R200m relief, while ensuring long-term sustainability of the Scheme

Momentum Medical Scheme would like to play a leading role in helping consumers recover from the debilitating impact of the pandemic and will therefore defer their contribution increase until September 2022, while still increasing benefit limits across all options and even adding new benefits.

Momentum Metropolitan opens its 5^th vaccination centre to accelerate Eastern Cape vaccinations

Momentum Metropolitan is proud to announce that it is opening its 5^th vaccination centre in Nelson Mandela Bay on Monday 12 July 2021. The site will enable South Africa to accelerate its vaccine rollout in the Eastern Cape.

Momentum Investments:
Response to FSCA penalties

There were articles in the media about the fine Momentum received from the Financial Sector Conduct Authority (FSCA) “for inadequate controls against financial crime”. Media coverage was based on a press release from the FSCA. Please refer to this document for more background and assurance that we are serious about the role we play in curbing financial crime. We have already made the necessary adjustments to our processes to ensure compliance.

Introducing Momentum Insure: A new name, new offerings and an improved bouquet of products

Following the successful acquisition of Momentum Insurance, previously Alexander Forbes Insurance, by Momentum Metropolitan in July 2019, the Group has successfully completed the final step in the process of integrating it with its existing short-term insurance business – Momentum Short-term Insurance.

Safety as a psychological concept - beyond security of our physical being and assets

We often associate “safety” with the lived experience of not being in danger. This may apply to our personal safety, that of our belongings and loved ones. However, the concept is much more complex than that. Safety must be understood as a holistic biopsychosocial phenomenon. We must look at safety as it pertains to an individual in terms of their physical, psychological, and social safety.

Momentum Metropolitan vaccinates at 4 mass vaccination centres

Momentum Metropolitan Holdings will receive limited stock of Covid-19 vaccines at the end of this week. This enables their mass vaccination centres in Sandton and Cape Town to open on Friday 4 June, and their Centurion and Durban centres to open on Monday 7 June. The centres are open to any South African who has registered on EVDS and is directed to the Group’s mass vaccination centres via the system.

Momentum Metropolitan secures accreditation for four mass vaccination centres

Momentum Metropolitan Holdings has completed the registration and accreditation of four mass vaccination centres in Cape Town, Durban, Johannesburg and Pretoria, and expects to start administering vaccines later this week in Gauteng depending on the delivery of the first vaccine consignments ordered. The coastal centres are expected to follow suit next week, again dependent on the delivery of the vaccine consignments.

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.)

Consumer Financial Vulnerability Index: Q4 2020
Consumer financial vulnerability levels improve, but their finances remain under pressure

Some of the financial strain that several consumers had to endure during the initial lockdown periods early in 2020 dissipated during the fourth quarter of 2020 (Q4 2020). This is evident from the Momentum-Unisa Consumer Financial Vulnerability Index (CFVI), which recovered to 47.5 points in Q4 2020 from 43.5 points in Q3 2020.

Momentum Health Solutions confirms COVID-19 vaccination funding for members and clients

Momentum Health Solutions believes that medical schemes and health insurers have an important role to play in ensuring that all members of society have equal opportunity to receive the COVID-19 vaccine, particularly the most at-risk members of the South African population. As such, members of all Momentum Health Solutions administered medical schemes, as well as members of Momentum’s affordable healthcare product, Health4Me, will be covered for the COVID-19 vaccine.

Consumer financial vulnerability index: Q3 2020 Consumer finances under less pressure, but the road to recovery will be tough

The government’s decision to allow more economic activity during the third quarter of 2020 (Q3 2020) relieved some of the financial strain that several consumers had to endure during Q2 2020.

Momentum Investments’ international investment management division acquires UK-based asset manager

Momentum Investments’ international investment management division, Momentum Global Investment Management (MGIM), has made a significant acquisition which will increase its market share in the UK and its other global markets.

Financial services provider Momentum announced today that they will not be renewing their sponsorship of One-Day cricket when their contract with Cricket South Africa (CSA) expires in April 2021. However, they will continue their support of the Momentum Proteas as the naming rights sponsor for the national women’s team.

Momentum still offers Hello Doctor service for COVID-19 and other client requirements

Momentum notes and understands Dis-Chem’s decision to close its COVID-19 testing facilities due to the backlog in obtaining test results from laboratories.

Saray Khumalo partners with Momentum Multiply

On 26 November Momentum Multiply announced it will be partnering with Saray Khumalo as their official brand ambassador.

Astute and Momentum Corporate partners to enhance holistic financial advice

Astute‘s information services form a significant part of financial advisers’ advice process.

2019 National budget review

2019 National budget review: Eskom financial support killing the green shoots of renewed fiscal prudence.

MMI Health scoops PMR.africa Golden Arrow Award

MMI Health Pty Ltd. was awarded the prestigious Golden Arrow Award at the PMR.africa Business Excellence Awards on 11 February 2019.

Momentum Investments walk away with three top awards at prestigious industry event

Momentum Investments has been recognised by the Raging Bull Awards – lauded as the Oscars of the asset management industry – for top performance in three categories at the esteemed event held in Cape Town on Wednesday, 30 January 2019 .

Momentum creates a solution for the victims of violent crime

It is clear from market reaction over the last two days that under certain circumstances, current industry practice creates the impression that insurers are looking for reasons not to pay a claim.

Momentum emphasises the importance of full disclosure in response to media reports on declining a death claim

We acknowledge the tragic circumstances of Mr Ganas’ death and would like to clarify the detail that led us to make this very difficult decision.

The Journey Towards Success: Momentum's Health Solutions Launch for 2019

"Balancing benefits with contributions and understanding innovative solutions that reimagine possibilities, ensure long-term stability," says Damian McHugh Head: Health Marketing, Momentum.

Momentum Corporate wins Silver at Loeries

Momentum Corporate’s Smart Underwriting solution, an industry-first in South African group insurance, won the silver award in the Service Design category at this year’s Loeries. The Service Design category was introduced in 2015 to recognise brands that engage their customers in an innovative way.

South African consumers’ financial vulnerability looking positive for the first quarter of 2018

South Africa’s “new political dawn” has had a positive impact on consumers’ feeling less financially vulnerable in the first quarter of 2018 (Q1 2018).

Momentum launches Safe Dayz™ to promote road safety

24 January 2018 - Momentum has launched Safe Dayz™, a pioneering telematics solution aimed at promoting road safety and incentivising both drivers and passengers for being safe.

Momentum Health announces an average weighted increase of 8.3% for 2018

Announcing a weighted average annual contribution increase of 8.3% for 2018, Momentum Health cited stability and growth in terms of its financials, product and service offerings in a challenging industry landscape.

Consumer Financial Vulnerability Index Quarter 2, 2017

During the second quarter of 2017 South African consumers witnessed a mix of adverse economic events and negative political developments.

Momentum wins Gold at Loeries

Momentums’ Smart Exit solution, developed together with Accenture, won the gold award in the Service Design category at this year’s prestigious Loeries. The Service Design category was introduced in 2015 to recognise brands that engage with their customers in an innovative way.