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This news is worth reading. Here you’ll find the best information of the day with our current company news. Stay informed and up to date with updates and sight from industry experts and thought leaders.
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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.za responded to the needs of parents and brands by packaging an edutainment event which resulted in the first
Virtual Parenting Experience. 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 5th vaccination centre to accelerate Eastern Cape vaccinations
Momentum Metropolitan is proud to announce that it is opening its 5th 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.
Momentum will not renew its One-Day cricket sponsorship, but continues to support women’s team
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.
Coronavirus: Momentum provides support
Following the diagnosis of the coronavirus (COVID-19) in South Africa, we understand that people are concerned. During times like these, the last thing a person needs is to worry about whether one is covered. Momentum reaffirms that our clients are covered, protected and supported – aligned to the specific medical scheme and life insurance products they selected.
Momentum Investments wins prestigious Hedge Fund Award 2020
After delivering a strong return for 2019, Momentum Investments received the coveted award for the best fund of hedge fund in the 2019 Fund of Hedge Fund category for its Momentum RCIS ZAR Diversified Qualified Investor Fund of Hedge Fund at the 2019 HedgeNews Africa Awards on 20 February 2020, in Cape Town.
Momentum Investments wins the 2020 Raging Bull Award
Momentum Investments has been recognised by the Raging Bull Awards at the annual event held in January 2020 in Cape Town. Now in its 24th year, this esteemed awards ceremony is industry lauded for recognising top performers in the unit trust and collective investment schemes sector.
Novel coronavirus
While health organisations around the world are fighting the spread of the coronavirus, we would advise you to take note of the basic facts surrounding this new virus. As a Momentum Medical Scheme member, you can call a doctor for free via Hello Doctor, to discuss your symptoms or get more information about any specific questions you may have.
Momentum Metropolitan Holdings acquires Alexander Forbes Short-term Insurance business in South Africa
Momentum Metropolitan Holdings Limited (previously MMI Holdings Limited) is pleased to announce that it has completed its acquisition of the Alexander Forbes Short-term Insurance business (AFI) from Alexander Forbes Limited following unconditional regulatory approval.
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 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.
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.
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.
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