Momentum Metropolitan declares strong dividend as earnings soar
Momentum Metropolitan Holdings Limited Boss Hillie Meyer says he and his team are pleased with the group’s financial results for the past year, and they are encouraged by the progress made with a wide range of strategic initiatives – the impact of which is not yet fully reflected in this set of results for Momentum Metropolitan.
According to Meyer there was no single factor that caused the good outcome, but it is the result of almost all the group’s businesses performing at, or close to potential. The results were positively impacted by improved mortality rates, releases of Covid-19 reserves and positive investment variances and returns. The worry factor going forward is the tough South African economy with its low growth and high unemployment.