Metropolitan is one of the oldest financial services brands in South Africa. With a 116 year legacy of serving the communities in which it operates, Metropolitan represents true empowerment in serving Africa’s people through affordable financial solutions that create financial growth and security. Metropolitan operates in South Africa, but the brand is also present in 12 African countries including, Namibia, Botswana, Kenya, Ghana, Nigeria, Lesotho, and Swaziland. Metropolitan provides financial wellness solutions including funeral insurance, health, savings, hospital cash-back cover, retirement solutions and life insurance. Known for its entrepreneurial spirit and culture, Momentum is one of the most aspirational brands in South Africa. Originally established in 1966, Momentum has grown over the years to become one of the most recognised financial services brands in South Africa for wealth creation and preservation. The Momentum brand is known for satisfying the wealth creation and preservation, insurance and income needs of clients through their deep understanding of the retail insurance, savings and investment market in South Africa. 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. 19
MMI Holdings | Corporate Profile Page 24 Page 26