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Who we are, and what we do.

Our Brands

Metropolitan logo

Metropolitan was established in a small office in Paarl, Western Cape, in 1897, when a syndicate was formed aimed at providing finance so that poor people could buy their own homes. The company was registered the following year as the African Homes Trust.

Since then, Metropolitan grew through a combination of organic growth, mergers with other companies and acquisitions including a takeover of Prudential Insurance Company of SA in 1912, acquisition of Dove Insurance Corporation in 1963, acquisition of 22% of Commercial Union in 1998, acquisition of Transnet Retirement Fund Administration in 2006 to form the foundation for Metropolitan Retirement Administrators, and the acquisition of 50% of HTG in 2007 which was renamed Union Life.

In 1918, African Home Trust was taken over by Sanlam and in 1935, the articles of association of African Home Trust were amended to provide for funeral business. In 1979 African Home Trust merged with Metropolitan to become Metropolitan Homes Trust Life. Sanlam began selling its stake in Metropolitan from 1991 to the BEE consortium New Africa Investment Limited (NAIL).

On 21 September 2001, NAC (New Africa Capital Limited) created by Metropolitan and Nail; replaced Metlife as the listed holding company for the Metropolitan businesses. In the same year, New Africa Investments Limited (NAIL), the majority shareholder in NAC, unbundled its 49% stake, distributing the bulk of its NAC shares to its shareholders, retaining only 5%.

NAC was renamed Metropolitan Holdings Ltd in 2003

In 2004, Metropolitan entered into a strategic empowerment partnership with Kagiso Tiso Holdings (KTH), this partnership was retained in the merger between Momentum and Metropolitan in December 2010.


Momentum logo

Momentum was established in 1966 and has grown organically, as well as through strategic acquisitions and mergers. The company became known as Momentum in 1973 when Momentum Assurance Corporation was acquired.

Rand Merchant Bank Holdings (RMBH) was established with Rand Merchant Bank (RMB) as a wholly-owned subsidiary in 1987. Momentum's growth escalated when RMBH took over Sankorp's interest in Momentum Life in 1992and RMB became a wholly-owned subsidiary of Momentum Life, which in turn became a subsidiary of RMBH.

Anglo American merged their financial services interests with RMBH in April 1998 and the new holding company, FirstRand Limited, became the largest financial services company on the JSE at the time. As part of the transaction, Momentum merged with Southern Life. The creation of FirstRand, along with Momentum's merger with Sage in 2005 are two of the milestones that have contributed to making Momentum one of South Africa's leading insurance and asset management providers today.

Momentum's headquarters are located in Centurion, Pretoria, and it has over 5000 employees throughout South Africa. Momentum operates in South Africa, the United Kingdom, Botswana, Ghana, Kenya, Lesotho, Malawi, Mauritius, Mozambique, Zambia, Swaziland, Tanzania, and Namibia.


Guardrisk logo

Incorporated into MMI Holdings in March 2014, Guardrisk is the largest specialist cell captive insurance group of its kind and the leading alternative risk transfer provider in South Africa, comprising a short-term insurer, life insurer and an underwriting manager. Guardrisk pioneered the cell captive concept, introducing cell captives to the South African short-term insurance industry in 1993 and extending the structure to the life insurance industry in 1999.

Guardrisk provides structured insurance products, traditional cell captive facilities and access to a broad and diversified panel of related services and professional reinsurance markets through its businesses in South Africa (headquarters), Mauritius and Gibraltar. The Gibraltar operation consists of Euroguard, a leading Protected Cell Company providing alternative risk financing facilities in first party only cell captive structures.


Multiply logo

Multiply’s wellness and rewards programme is the primary engagement platform that MMI uses to connect with clients to encourage both financial and physical wellness.

Multiply rewards members for doing the everyday things that ensure a healthy and happy life. Through Multiply, MMI clients gain access to physical and financial fitness partners and tools at discounted rates, making it easier to follow a physically and financially healthy lifestyle.

MMI clients earn Multiply points for using these partners and tools to look after their wellbeing and enjoy great discounts on a wide range of products and services. Earning more points improves clients’ Multiply status, which provides access to even greater discounts.

Eris logo

Eris Properties is a property development and services group which provides a range of commercial property skills in the South African and sub-Saharan African markets.MMI Holdings became a major shareholder (52 percent) in Eris Properties in 2012.

Eris also manages MMI’s Property Portfolio of R6.6 billion. Eris was formed in 2008 following the restructure of RMB Properties which had been in existence since 1987, and which was a prominent property development and property services company in the South African property industry.


Hello Doctor logo

Hello Doctor is a mobile health service that provides preventative care and gives people the ability to connect with a doctor to make informed decisions about their health and wellness. The Hello Doctor interactive platforms are designed to give instant access to personalised health, wellness and medical information – all reviewed and approved by a team of doctors.

Established in 2009, Hello Doctor is available in South Africa across multiple portals and social media platforms. The service is also being rolled out across Africa in partnership with mobile service provider MTN.

Hello Doctor’s stated purpose is to: connect technology, first world clinical protocols, and medical professionals to assist every person take control of their health and wellness, affordably and simply.

CareCross logo

The acquisition of CareCross Health Group, including a majority share in Occupational Care South Africa (OCSA) was finalised in November 2014.

Since inception in 1998, CareCross has focused on delivering affordable healthcare through provider networks. The company, with a national network of around 2 000 General Practitioners and 4 000 associated healthcare professionals such as specialists, dentists and optometrists, currently delivers managed care and administration services to approximately 200 000 medical scheme beneficiaries.

OCSA is widely considered a market leader in workplace health and wellness solutions. Through a joint initiative with OCSA, CareCross delivers integrated occupational health solutions to approximately 55 000 workers nationally.

The acquisition of CareCross extends the ability of MMI and its Health Solutions business to offer holistic solutions to existing and prospective clients, reinforcing MMI’s commitment to client centricity.

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