South African households' level of financial wellness deteriorated in 2012.
Targeted policy responses needed for a turnaround
In the wake of increasing regulatory pressure to ensure that users of financial services products are treated fairly and the products offered are appropriate, Momentum has invested in ensuring that its clients and all South Africans are empowered on an improved path towards financial wellness.
An exciting initiative was launched at SuperSport Park in Centurion today, as three major cricket brands joined forces in the name of cricket development.
Ranked the third largest open medical scheme at the end of 2012, Momentum Health is fast becoming the medical scheme of choice in South Africa, with a growing membership base, positive solvency levels and solid financial results.
This year, 94.7 Highveld Stereo and Momentum encouraged early bird entrants to outline the reasons that they are riding for a purpose or a charity and if drawn, they could be the lucky recipient of R50 000 cash for their chosen purpose.
Recent hard hitting stats were published by the South African Depression and Anxiety Group indicating that 1 in 5 South Africans has mental health problems.
MOMENTUM achieved a notable hat trick in their first year as a major sponsor of Cricket South Africa (CSA) when they announced a prize money pool of R80 000 for the Momentum National Club Championships.
Momentum pushes funds raised to half a million rand
Although the results of the Momentum/UNISA Household Wealth Index revealed a second consecutive (quarterly) strong increase in the value of nominal wealth during the fourth quarter of 2012, the data also shows that households are worse off due to relatively recent recessionary factors.
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