| // 21-06-2010 |
The Momentum Group, walked away with the best Employee Benefits Product Supplier of the Year 2010 Award for their FundsAtWork product, at the annual Financial Intermediaries Association (FIA) Industry Awards.
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| // 01-02-2010 |
Momentum, a wholly-owned subsidiary of the FirstRand group, released its 2009 Sustainability Report on Friday 6 November 2009, cementing an approach to business which views sustainability issues as inseparable from business as usual.
“Companies release financial results periodically to measure the profitability of their businesses. Tracking non-financial indicators is however becoming more important,” says Nicolaas Kruger, Chief Executive Officer of the Momentum Group.
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| // 10-11-2009 |
Momentum, a wholly-owned subsidiary of the FirstRand group, released its 2009 Sustainability Report on Friday 6 November 2009, cementing an approach to business which views sustainability issues as inseparable from business as usual.
“Companies release financial results periodically to measure the profitability of their businesses. Tracking non-financial indicators is however becoming more important,” says Nicolaas Kruger, Chief Executive Officer of the Momentum Group.
The report shows that Momentum is on track in its efforts to provide access to financial services, and to interact transparently, responsibly and fairly with customers, employees, suppliers, communities and the environment.
In less than two years, Momentum has written more than 63,000 Zimele compliant policies. Zimele is a set of standards put in place by the industry body ASISA in partnership with Government, Community and Labour, for long-term insurance policies. The standards provide minimum product requirements of fair charges, easy access and decent terms, specifically for South Africa’s low-income earners.
Kruger says, “We believe providing access to financial services is one of the key and unique ways that financial institutions can contribute to the upliftment of disadvantaged communities. More than that, it also opens up prospective markets that have great growth potential for financial institutions. Our partnership with FNB has helped us establish a footprint into this very important market and our plan is to extend this even further through innovative distribution models”.
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| // 01-11-2009 |
Momentum Health, South Africa’s fifth largest open medical scheme, has announced an average contribution rate increase of 11.6% across its six healthcare options for 2010. The increase is spread between 7.3% and 16.1%, depending on the actual option chosen by members.
Astute members can however reduce their contribution rates by up to 30% on the same benefit option (i.e. retaining all their current benefits) by choosing to use more cost-effective healthcare providers. Momentum Health has specifically structured various ground-breaking partnerships to give members the option of reducing their contributions.
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| // 18-12-2008 |
The FirstRand Group (FirstRand) announced that EB Nieuwoudt has resigned as CEO of its insurance subsidiary the Momentum Group (Momentum) and Nicolaas Kruger, currently the CFO of Momentum, has been appointed as his replacement effective 1st January 2009.
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| // 31-10-2008 |
Momentum in partnership with humanitarian charity The Gift of the Givers recently handed over blankets, food and treat parcels to under-privileged children at Ekhukanyeni School in Denver, east of Johannesburg.
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| // 23-09-2008 |
We offer a variety of financial solutions, including health, retirement, investment and insurance products to individuals, corporates and institutions. Positioned as an intermediary-focused financial services provider, we have a strong and diverse distribution network.
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