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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.

Newly appointed MMI Holdings CEO to focus on client-centric strategy execution

MMI Holdings Limited (MMI) today announced its results for the six months to 31 December 2017. The newly appointed MMI CEO, Hillie Meyer, says MMI remains committed to its client-centric strategy but a greater focus will be placed on the effective execution of this strategy.

"The MMI client-centric strategy, launched in 2014, is now well ingrained in the various business areas, and we are starting to see the benefit of the execution focus coming through in a number of areas such as our product offering, technology environment, and footprint growth in Momentum Retail and Momentum Corporate. We will increase our efforts to grow our core South African businesses," says Meyer.

R2 billion set aside for share buy-back

The group has decided to update its dividend policy to be consistent with its planned capital deployment and projected capital coverage profile. The group will also take a more proactive approach to capital management than in the past.

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