Web Content Viewer (JSR 286)

Welcome to MMI

MMI Holdings Limited (MMI) is a South African based financial services group listed on the South African stock exchange, the JSE.

The core businesses of MMI are long and short-term insurance, asset management, savings, investment, healthcare administration and employee benefits. These product and service solutions are provided to all market segments through operating brands Metropolitan and Momentum.

Latest news

Share buy-back programme

R2 billion set aside for share buy-back – retail investors' questions answered

MMI Holdings Limited (MMI) announced at its interim results presentation on 7 March 2018 that it would distribute capital to shareholders by means of a general share buy-back in lieu of cash dividends. MMI is undertaking an open market repurchase programme. This is a voluntary arrangement and ordinary shareholders have full discretion to either hold or sell their shares.

MMI has set aside R2 billion for this share buy-back which will take place over 12 months from 7 March 2018. This share buy-back programme will take the place of the interim and final dividend pay out to shareholders for this period.

Frequently asked questions

These frequently asked questions and the related answers are intended to provide an explanation and implications of the share buy-back programme and do not constitute financial advice. If you are in doubt as to what action to take, please consult your financial adviser or broker.

MMI/MTN microinsurer aYo reaches 1-million subscribers

aYo, a 50/50 joint venture launched in September 2016 between MMI Holdings and MTN Group, exceeded the one million clients enrolled milestone in Uganda in June. The microinsurer, which began its roll out in Uganda in January 2017 provides pre-paid MTN customers with free and paid-for life and/or hospital cover each time they load MTN airtime.

Andrew Le Roux, Chief Business Transformation Officer of MMI Holdings said that insurance penetration is low in many countries across Africa. Utilising the resources and capabilities that MMI Holdings and MTN share allows aYo to make insurance relevant, accessible and easy to use. “In doing so a future is created where more people in Africa use insurance. aYo Uganda has made massive strides in this regard by raising awareness of the benefits of life and hospitalisation insurance.”




Latest media

Complementary Content