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MMI Holdings Ltd (MMIJ.J)

MMIJ.J on Johannesburg Stock Exchange

1,725.00ZAc
16 Jul 2018
Change (% chg)

-5.00 (-0.29%)
Prev Close
1,730.00
Open
1,735.00
Day's High
1,742.00
Day's Low
1,713.00
Volume
1,343,467
Avg. Vol
3,271,329
52-wk High
2,424.00
52-wk Low
1,673.00

Latest Key Developments (Source: Significant Developments)

Firstrand Ltd Says ‍Johan Burger Will Retire As Group And Bank CEO
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Firstrand Ltd ::JOHAN BURGER WILL RETIRE AS GROUP AND BANK CEO, EFFECTIVE 31 MARCH 2018​.‍ALAN PULLINGER, CURRENTLY GROUP DEPUTY CEO, IS APPOINTED GROUP AND BANK CEO, EFFECTIVE 1 APRIL 2018​.‍MARY VILAKAZI, PREVIOUSLY DEPUTY CEO OF MMI HOLDINGS LIMITED (MMI), IS APPOINTED GROUP AND BANK COO AND EXECUTIVE DIRECTOR, EFFECTIVE 1 JULY ​.‍BURGER WILL TRANSITION TO A NON-EXECUTIVE DIRECTOR ON 1 SEPTEMBER 2018​.  Full Article

MMI Holdings Says ‍Mary Vilakazi Resigned As Deputy CEO, Effective March 31
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - Mmi Holdings Ltd ::‍MARY VILAKAZI HAS RESIGNED AS DEPUTY CHIEF EXECUTIVE OFFICER OF COMPANY, EFFECTIVE 31 MARCH 2018​.‍HILLIE MEYER, GROUP CEO OF MMI HOLDINGS, WILL OVERSEE BOTH MMI RETAIL BUSINESSES WITH IMMEDIATE EFFECT​.  Full Article

MMI Holdings ‍Announces Leadership Changes
Tuesday, 16 Jan 2018 

Jan 16 (Reuters) - MMI Holdings Ltd ::‍ANNOUNCED THAT NICOLAAS KRUGER WILL BE STEPPING DOWN AS CEO OF MMI HOLDINGS WITH EFFECT FROM 15 FEBRUARY 2018​.HILLIE MEYER HAS AGREED TO JOIN MMI ON A THREE-YEAR CONTRACT AS CEO OF MMI HOLDINGS​.‍JEANETTE MARAIS WILL JOIN GROUP AS A SECOND DEPUTY CEO; APPOINTMENT IS EFFECTIVE 1 MARCH 2018​.‍RISTO KETOLA, CURRENT CFO OF MMI HOLDINGS, HAS BEEN APPOINTED GROUP'S FINANCIAL DIRECTOR​.‍GROUP IS NOW FOCUSING ON A NARROWER SET OF NEW INITIATIVES SUCH AS AFRICAN BANK JV AND ADITYA BIRLA JV​.  Full Article

MMI Holdings says qtrly headline earnings up 54 pct ​
Thursday, 23 Nov 2017 

Nov 23 (Reuters) - MMI Holdings Ltd :‍FOR THREE MONTHS ENDED 30 SEPTEMBER 2017 DILUTED CORE HEADLINE EARNINGS ARE DOWN 4% ON 1Q17.​.‍OPERATING ENVIRONMENT REMAINS DIFFICULT IN SOUTH AFRICA AND WE DO NOT BELIEVE THAT ENVIRONMENT WILL IMPROVE MEANINGFULLY IN NEAR TERM​.FOR 3 MONTHS ENDED SEPT 30, OPERATING PROFIT WAS FLAT DESPITE INCREASE IN SPENDING ON NEW INITIATIVES IN MOMENTUM RETAIL AND IN CLIENT ENGAGEMENT SOLUTIONS​.FOR 3 MONTHS ENDED SEPT 30, HEADLINE EARNINGS, WHICH INCLUDE FULL IMPACT OF MARKET-RELATED GAINS ON OUR EARNINGS, ARE UP 54% VERSUS 1Q17.​.  Full Article

MMI Holdings says FY core diluted HEPS at 200 cents/shr
Wednesday, 6 Sep 2017 

Sept 6 (Reuters) - MMI Holdings Ltd ::FY NEW BUSINESS VOLUMES ARE DOWN 6 pct YEAR-ON-YEAR TO R41.6BN.MMI HOLDINGS LTD - ‍DECLARED A 92 CENT PER SHARE FINAL DIVIDEND WHICH RESULTS IN A FULL YEAR DIVIDEND OF 157 CENTS PER SHARE IN RESPECT OF F2017​.FY DILUTED CORE HEADLINE EARNINGS PER SHARE AT 200 CENTS VERSUS 199.9 CENTS YEAR AGO.‍OUTSIDE OF EXISTING OPERATIONS WE HAVE ALSO SET ASIDE R1.0BN TO FUND STRATEGIC INITIATIVES​.  Full Article

MMI Holdings FY diluted core HEPS seen between -5 and 5 pct
Friday, 25 Aug 2017 

Aug 25 (Reuters) - Mmi Holdings Ltd ::FY DILUTED CORE HEADLINE EARNINGS PER SHARE EXPECTED TO CHANGE BY BETWEEN -5 AND 5 PERCENT RELATIVE TO PREVIOUS YEAR.HEPS EXPECTED TO SHOW A DECREASE OF BETWEEN 5-15 PERCENT (127CPS AND 114CPS) RELATIVE TO 134CPS FOR COMPARATIVE PERIOD RESULTS.  Full Article

MMI Holdings and African Bank enter into financial services agreement
Monday, 12 Jun 2017 

June 12 (Reuters) - Mmi Holdings Ltd :‍mmi Holdings and African Bank have entered into an agreement where they will offer expanded financial services solutions to their respective customers.Agreement is subject to regulatory approval.First phase of insurance co-operative venture is expected to go live in second half of 2017, with lending activities becoming fully functional during first half of 2018​.  Full Article

MMI Holdings says S. Africa's operating environment remains difficult
Tuesday, 6 Jun 2017 

June 6 (Reuters) - Mmi Holdings Ltd ::Recurring premium new business was up 8 pct while single premium new business was down 14 pct for 9 months ended March 31​.Overall new business volumes are down 6 pct on a present value of new business premiums (PVNBP) basis​ for 9 months ended March 31.Overall covered value of new business (VNB) was 320 mln rand for 9 months ended March 31​.Diluted embedded value per share was 26.25 rand on March 31 2017​.Says average level of SA equity market is roughly unchanged y-o-y for 9 months, puts pressure on revenue growth for many businesses​.Difficult economic conditions have continued to weigh on MMI Holdings' financial performance in nine months to March 31 2017​."Operating environment remains difficult in SA and we do not believe that tough environment will improve meaningfully in near ter​m".Expect full year results to broadly reflect trends visible in first nine months of current financial year​.  Full Article

MMI Holdings reports HY HEPS of 99.6 cents
Thursday, 2 Mar 2017 

MMI Holdings Ltd : interim dividend maintained at 65 cents per share . Six month diluted core headline earnings down 5% to r1 598 million . Hy net insurance premiums 14.07 million rand versus 14.144 million rand . Hy net income 20.657 million rand versus 32.701 million rand . Health insurance jv in india is likely to be largest ongoing investment initiative outside of south africa in near future .Hy diluted core headline earnings 99.6 cents versus 104.7 cents year ago.  Full Article

MMI Holdings says six month basic HEPS seen down between 25-35 pct
Monday, 20 Feb 2017 

Mmi Holdings Ltd : Says core headline earnings per share are expected to be down by between 0 and 10 percent for six month period . Says core HEPS continue to be affected by weak underwriting experience on group disability business (approximately 60 mln rand lower than in prior period) . Says group's interim period basic EPS are expected to be between 59 -69 cents compared to 98.7 cents, a decrease of between 30 - 40 percent .Says basic HEPS are expected to be between 59 -68 cents compared to 91.3 cents, showing a decrease of between 25 -35 percent versus last year.  Full Article

South Africans paying too much for private healthcare - watchdog

JOHANNESBURG, July 5 South Africans are paying too much for private healthcare, the country's antitrust watchdog said on Thursday, adding patients are sometimes prescribed treatments they don't need by an industry with limited competition.