Gå ubegrenset med Magzter GOLD

Gå ubegrenset med Magzter GOLD

Få ubegrenset tilgang til over 9000 magasiner, aviser og premiumhistorier for bare

$149.99
 
$74.99/År

Prøve GULL - Gratis

Momentum reports record earnings amid challenging conditions

The Mercury

|

September 18, 2025

MOMENTUM Group delivered record, normalised headline earnings (NHE) of R6.26 billion in the year to June 30, up a remarkable sector beating 41% on the prior financial year, which was already a record year.

- EDWARD WEST

Operating profit increased by 52% from R3.6bn to R5.48bn, very strong growth for a large insurance-based financial services group in South Afri-cas currently weak economic environment. Competitor Sanlam, for instance, reported 20% growth in normalised net results in the six months to June 30, while Old Mutual grew its adjusted headline profit by 29% for the same period. “I am satisfied our results reflect the strength of the diversified portfolio and disciplined execution of our Impact Strategy,’ said CEO Jeanette Marais in an online interview.

She said that the 2026 financial year is likely to be difficult considering the weak economic environment, stating, “growth won't just fall in our lap,” but the first quarter had been strong, although margins “everywhere” were under pressure.

“Although the pressure on our clients’ disposable income is expected to continue, affecting new business volumes which place pressure on margins, our Impact Strategy strongly anchors our execution, operations, and financial position” said Marais. She mentioned they have R3bn available for acquisitions and potential large internal growth projects.

FLERE HISTORIER FRA The Mercury

The Mercury

Mandla “Njinji” Magwaza's voice united millions

THE Inkatha Freedom Party (IFP) extends its heartfelt and deepest condolences to the family, friends, colleagues, and admirers of the late Mandla “Njinji” Magwaza, a legendary Ukhozi FM presenter and producer whose contribution to broadcasting and public life was extraordinary.

time to read

1 min

January 27, 2026

The Mercury

The Mercury

Why the maths decline narrative must change

If we remain within the Western mirror, we find only disappointment

time to read

4 mins

January 27, 2026

The Mercury

Man United shocked Arsenal at the Emirates Stadium

LOG leaders Arsenal suffered a serious setback to their title hopes at the hands of their old enemy, Man United.

time to read

1 min

January 27, 2026

The Mercury

The Mercury

Gold soars past $5000, benefitting bullion producers and the rand

Current rally bodes well for South Africa’s economy as jittery investors seek safe havens

time to read

2 mins

January 27, 2026

The Mercury

KZN cops ignored warnings about an assassination plot targeting Magaga

THE death of former ANC youth league secretary Sindiso Magaqa, who was shot dead in July 2017, could have been prevented if SAPS Crime Intelligence officials in KwaZulu-Natal had acted on warnings of a plot to assassinate him.

time to read

2 mins

January 27, 2026

The Mercury

Chiefs aim to build momentum for Zamalek showdown

KAIZER

time to read

2 mins

January 27, 2026

The Mercury

The Mercury

China and India's growth to boost demand for commodities as logistics bottlenecks affect coal and iron

ECONOMIC growth prospects in China and India is expected to boost demand for South African commodity exports this year although resurgent logistical constraints impacted coal and iron ore in November, with the Minerals Council calling for the government to speedily transport infrastructure for bulk commodities.

time to read

2 mins

January 27, 2026

The Mercury

The Mercury

South Africa's reform success creates options in a disrupted global order - BLSA

THE World Economic Forum last week provided a prominent platform for South Africa to demonstrate that our reform story is delivering tangible results.

time to read

3 mins

January 27, 2026

The Mercury

Proteas get back into the groove

A MONTH ago, Proteas T20 captain Aiden Markram instructed his national teammates to “have as much fun as you can” in the Betway SA20.

time to read

2 mins

January 27, 2026

The Mercury

Nkabinde Inquiry faces delay over legal counsel for Advocate Batohi

THE Nkabinde Inquiry, which is assessing the fitness of Advocate Andrew Chauke to hold office, has been met with further delays as NDPP Advocate Shamila Batohi refuses to continue her testimony without securing legal counsel.

time to read

2 mins

January 27, 2026

Listen

Translate

Share

-
+

Change font size