Kaya 959 Kaya Biz

Momentum Group delivers excellent results, with very business in the Group performing well.

Loading player...
GUEST – Jeanette Marais – Momentum Group CEO
Momentum Group announced excellent interim financial results for the six months ended 31 December 2024. Key highlights include normalised headline earnings (NHE) of R3.4 billion, up 44% on the prior period, and a 33% increase in operating profit to R2.8 billion. Investment return from the Group’s shareholder asset portfolios more than doubled relative to the comparative period and new business sales remained flat at R38.9 billion.
The Group achieved solid value of new business (VNB) growth of 40% to R279 million, largely supported by the change in new business mix towards more profitable protection business in Momentum Retail, an improvement in Metropolitan’s VNB and the positive contribution from life annuities in Momentum Investments. Overall, the Group’s new business margin improved to 0.7% from 0.5% in the prior period.
20 Mar 11AM English South Africa Business News · Investing

Other recent episodes

One Year Into The Two-Pot System: How Much Have South African’s Withdrawn?

Guest - Nzwa Shoniwa, Managing Executive: Sanlam Umbrella Solutions From 1 September 2024 to 31 August 2025, Sanlam Corporate paid out approximately R4 billion across 223 000 emergency-pot claims with R1 billion in tax flowing to SARS. On average, we are paying out about R150 million a month, but when…
11 Sep 10AM 14 min

Discovery Group Delivers 30% Rise In Profits

Guest - Hylton Kallner, CEO of Discovery South Africa and Discovery Bank Discovery has delivered record results, posting a 30% surge in profit and entering a new phase of scaled growth with its two main composites, Discovery South Africa and Vitality. We’re joined by Hylton Kallner, CEO of Discovery South…
11 Sep 9AM 18 min

FirstRand Post 10% Rise In Earnings And An Impressive 20% Return On Equity

Guest – Mary Vilakazi – CEO of FirstRand South Africa’s largest banking group, FirstRand, has posted a 10% rise in earnings and an impressive 20% return on equity – well above peers – despite economic headwinds. In this episode, we speak to Mary Vilakazi, the Group CEO, about what drove…
11 Sep 9AM 16 min

What Tractor Sales Tell Us About The State Of Agriculture In South Africa?

Guest – Thabile Nkunjana, Agricultural Economist Agricultural Machinery Sales indicate that August tractor sales of 700 units were 22% more than the 572 units sold in August last year. There have been welcome reactions from agricultural associations about the increase in machinery sales.
10 Sep 10AM 20 min
All episodes