Momentum Group Limited’s Post

Mark your calendars for the 27th of September 2024, as our Momentum Group Annual Results 2024 take place. Join us for the LinkedIn Live stream of our results, presented by our leaders. Discover our performance, key achievements, and future outlook! #SuccessTogether

"Digital transformation is a crucial driver for an organisation to succeed, and no longer a nice-to-have." – Dr Denisha Jairam-Owthar At #DigiFest, Dr Denisha Jairam-Owthar brought to light the growing importance of digital transformation. In today’s landscape, adapting to and embracing digital initiatives isn’t just about keeping up—it’s about staying ahead. Her insights into how digital tools can foster resilience and create new opportunities are driving our vision towards leading impACTful innovation. #MomentumGroupInnovates

Our Group Digital and Technology Officer, Ravikumaran Govender, shared invaluable insights from his previous experience in launching a new digital product and discusses the challenges faced in navigating the digital world and evolving customer needs. But with each challenge came lessons that shaped his approach to innovation. Looking ahead, Ravi envisions a future where digital capabilities empower us to bring financial advice straight into the pockets of South Africans, making expert guidance more accessible than ever! #MomentumGroupInnovates #SuccessTogether

We open the doors to our annual celebration of all things tech and digital! This year, we’re diving into the incredible ways #MomentumGroupInnovates to make a real impACT in a digital world. Expect insightful talks, groundbreaking demos, and hands-on experiences that highlight how we’re using technology to drive impactful change and transformation. #DigiFest

We are pleased to announce our latest financial achievements, delivered by our Group Finance Director, Risto Ketola: •⁠ ⁠Headline earnings: +27% •⁠ ⁠Dividend share: +4% •⁠ ⁠Normalised headline earnings per share: +32% These results reflect our dedication to driving growth, enhancing efficiency, and creating value for our stakeholders. #MomentumGroupResults

As a Group, we successfully navigated the recent change in the two-pot retirement system, with 5 of our businesses impacted. Here are some key highlights: 🔵We were ready to serve our clients from day 1, with Metropolitan making payments on the first business day. 🔴We received approximately 150,000 withdrawal requests, totaling almost R2.5 billion by September 25th, with an average withdrawal amount of R17,000. 🔵Our digital innovations shone, with over 80% of interactions being digital. 🔴 Our financial advisers demonstrated their value, with clients having lower withdrawal rates. We're proud of our teams' efforts and commitment to supporting our clients during this transition. #MomentumGroupResults

We are pleased to report that our health insurance business in India has achieved a market share of 12.5%, solidifying our position as the fastest-growing player in the market. #MomentumGroupResults

Our Group CEO, Jeanette Marais announces that Momentum Group delivered strong normalised headline earnings (NHE) of R4.4 billion for the year ended 30 June 2024, up 27% on the prior year, with operating profit increasing by 31% to R3.6 billion. #MomentumGroupResults

Join us for a front-row seat to our story to #SuccessTogether!  Remember to join our annual results presentation, streaming live today at 11:00 online on our Linkedin live stream. Stay on #MomentumGroupResults for all the updates.  🖇To stream our results, click here: https://lnkd.in/dAWSWvsN