{"id":54077,"date":"2023-09-20T17:28:18","date_gmt":"2023-09-20T17:28:18","guid":{"rendered":"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders"},"modified":"2023-09-20T17:59:01","modified_gmt":"2023-09-20T17:59:01","slug":"increased-dividends-for-momentum-shareholders","status":"publish","type":"post","link":"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders","title":{"rendered":"Increased dividends for Momentum shareholders"},"content":{"rendered":"

Africa-Press – Namibia. <\/strong><\/span>Momentum Metropolitan, based in South Africa and with operations in Namibia, has reported a historic peak in normalised headline earnings (NHE) of N$5.1 billion for the 12 months ended 30 June 2023. Operating profit surged by 31% to N$4.4 billion, up from N$3.4 billion the previous year.<\/p>\n

According to the financial services group, these stellar results were bolstered by improved post-Covid mortality experience and a positive investment variance of N$1.1 billion.<\/p>\n

Earnings per share metrics also showed robust growth: normalised headline earnings per share jumped by 19% to 342.3 cents, headline earnings per share rose by 5% to 310.7 cents, and earnings per share grew by 20% to 313.3 cents. A total dividend of 120 cents per ordinary share, a 20% increase on the prior year, was declared.<\/p>\n

\u201cIn a challenging operating environment, our resilient business model has allowed us to navigate multiple headwinds faced by South Africa in the past year,\u201d said outgoing Group CEO, Hillie Meyer. \u201cOur dividend declaration reflects the group\u2019s robustness and our confidence in the financial strength of the business.\u201d<\/p>\n

Incoming Group CEO, Jeanette Marais, acknowledged that while the business had reported strong results, there were challenges ahead due to economic conditions. She stated, \u201cWe expect our earnings to remain robust in F2024, targeting an NHE between N$4.6 billion and N$5.0 billion as part of our \u2018Reinvent and Grow\u2019 objectives.\u201d<\/p>\n

Namibian winners shine bright<\/p>\n

Meanwhile, Momentum Metropolitan Namibia reported that multiple team members have been recognised at the esteemed Momentum Metropolitan Africa Recognition Awards 2023. The ceremony acknowledged exceptional contributions across Africa, further solidifying Momentum Metropolitan\u2019s commitment to excellence.<\/p>\n

\u201cWe take immense pride in our Namibian colleagues for not just meeting but exceeding expectations in their various roles,\u201d said Sakaria Nghikembua, CEO of Momentum Metropolitan Namibia. \u201cThese accolades testify to the depth of talent within our organisation.\u201d<\/p>\n

Namibian winners recognised at the Africa Awards include Overall Winner, Most Improved Country: Sakaria Nghikembua, CEO of Momentum Metropolitan Namibia; as well as awards for Christopher Storm, Betty Ndjiva, Luandro Steyn, Frederik Van Zyl and Evangelina Nailenge.<\/p>\n

\u201cWe couldn\u2019t be more pleased that Sakaria Nghikembua has been honoured as the \u2018Most Improved Country\u2019 at the Momentum Metropolitan Africa Recognition Awards 2023,\u201d said Denille Roostee, Momentum Metropolitan\u2019s Group Head of Marketing. \u201cThis accolade is a testament to Sakaria\u2019s exceptional leadership and vision, which have been instrumental in the unprecedented achievements we\u2019ve experienced this year. His direction has enabled us to set new benchmarks not just in Namibia, but within the Momentum Metropolitan group across Africa.\u201d<\/p>\n

\u201cWhat truly stands out is Sakaria\u2019s humility,\u201d Roostee continued. \u201cDuring the ceremony, he remarked, \u2018I am here to represent the people; this is the people\u2019s win, not mine.\u2019 This humility is one of his most effective leadership qualities and speaks volumes about the kind of leader he is.\u201d<\/p>\n

Roostee added that both the Momentum Metropolitan Group financial results and the Namibian awards speak to the effectiveness of the group\u2019s long-term strategies, the commitment of its workforce, and the robustness of its business model.<\/p>\n

\u201cAs we look to the future, we remain focused on delivering service to our clients, building enduring relationships with financial advisers and brokers, and generating exceptional value for our shareholders,\u201d said Roostee.<\/p>\n

For More News And Analysis About Namibia<\/a> Follow Africa-Press<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Africa-Press – Namibia. Momentum Metropolitan, based in South Africa and with operations in Namibia, has reported a historic peak in normalised headline earnings (NHE) of N$5.1 billion for the 12 months ended 30 June 2023. Operating profit surged by 31% to N$4.4 billion, up from N$3.4 billion the previous year. According to the financial services […]<\/p>\n","protected":false},"author":84,"featured_media":54076,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2,5],"tags":[234,236,233],"class_list":["post-54077","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-all-news","category-economy","tag-africa-press","tag-africa-press-namibia","tag-namibia"],"yoast_head":"\nIncreased dividends for Momentum shareholders - Namibia<\/title>\n<meta name=\"description\" content=\"Momentum Metropolitan, based in South Africa and with operations in Namibia, has reported a historic peak in normalised ...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Increased dividends for Momentum shareholders\" \/>\n<meta property=\"og:description\" content=\"Momentum Metropolitan, based in South Africa and with operations in Namibia, has reported a historic peak in normalised ...\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders\" \/>\n<meta property=\"og:site_name\" content=\"Namibia\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/AfricaPressTunisiaa\" \/>\n<meta property=\"article:published_time\" content=\"2023-09-20T17:28:18+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2023-09-20T17:59:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/09\/sm_1695219955.059471.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"720\" \/>\n\t<meta property=\"og:image:height\" content=\"488\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"cfeditoren\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"cfeditoren\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders#article\",\"isPartOf\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders\"},\"author\":{\"name\":\"cfeditoren\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/#\/schema\/person\/068c7ab4e9634ae78ec5d54ec46598bb\"},\"headline\":\"Increased dividends for Momentum shareholders\",\"datePublished\":\"2023-09-20T17:28:18+00:00\",\"dateModified\":\"2023-09-20T17:59:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders\"},\"wordCount\":543,\"commentCount\":0,\"image\":{\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders#primaryimage\"},\"thumbnailUrl\":\"https:\/\/static.africa-press.net\/nambia\/sites\/29\/2023\/09\/sm_1695219955.059471.jpg\",\"keywords\":[\"africa press\",\"Africa Press-Namibia\",\"namibia\"],\"articleSection\":[\"all news\",\"economy\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders\",\"url\":\"https:\/\/www.africa-press.net\/namibia\/all-news\/increased-dividends-for-momentum-shareholders\",\"name\":\"Increased dividends for Momentum shareholders - 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