Momentum expects SA’s weak economy to weigh on full-year profits
05 March 2020 - 08:19
UPDATED 05 March 2020 - 12:53
Financial services group Momentum Metropolitan Holdings said on Thursday that its focus on new, short-term insurance helped boost profits in its half-year to end-December, but it expects SA’s deteriorating economic prospects to weigh on its full-year results.
Consumers are under strain from the continued slow growth in disposable income and the uncertain economic environment, the group said, warning it may not deliver the double-digit profit growth it saw in its half-year...
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