About us
For over 120 years we’ve helped South Africans reach their financial goals with practical solutions and solid financial advice. And we're just getting started.
For over 120 years we’ve helped South Africans reach their financial goals with practical solutions and solid financial advice. And we're just getting started.
For over 120 years we’ve helped South Africans reach their financial goals with practical solutions and solid financial advice. And we're just getting started.
You might know us as part of Momentum Metropolitan Life Limited, a licensed life insurer and an authorised financial services (FSP44673) and registered credit provider (NCRCP173).
We were established in 1897 in Paarl in the Western Cape as African Homes Trust – a syndicate formed to provide finance to those who could not afford to buy their own homes. And while our name has changed and we’ve grown organically and through mergers, our mission remains the same – to help South Africans reach their financial goals, in good times and bad.
We might be one of the biggest financial services companies in South Africa, but we will always put our clients first and treat them with respect. And we are proud to have remained at the top of the South African Customer Satisfaction Index (SAcsi) for a number of consecutive years.
We believe that financial literacy paired with expert advice enables you to make good decisions about your money. To help you achieve this, we have over 140 branches throughout South Africa as well as centres of service in Namibia, Botswana, Kenya, Ghana, Lesotho and eSwatini.
Governance
Momentum and Metropolitan merged in December 2010 to form Momentum Metropolitan Life Limited. The merger has positioned Momentum Metropolitan Life Limited as the third largest life insurer in South Africa.
From our Board of Directors to Executive Committee, the Momentum Metropolitan leadership is made up of a diverse group of people who bring a variety of skills and experience to board deliberations, as well as a commitment to the highest standard of corporate governance.
At Metropolitan, our strategy is strongly anchored in our purpose – to help our clients achieve their financial life goals and to create value for all our stakeholders. Our aspirant, long-term ambition is to have a product in every emerging market household, double our gross new business issued, and achieve a new business margin of 5%.
The success of our Reset and Grow strategy was instrumental in shifting the dial towards realising our purpose and has laid a firm foundation to launch the current strategy, Reinvent and Grow, which will help us deliver our emerging market growth expectations through the implementation of a two-pronged distribution-centric strategy.
Thabo Moloi: Executive Head of Service and Operations
Thabo’s relationship with Metropolitan started in 1989 when the business helped him pay for his studies. He then joined Metropolitan’s Johannesburg Customer Services Office as a service consultant in 1993. With a passion and commitment to helping South Africans achieve their financial life goals, Thabo quickly climbed the ranks and held various senior administrative and management positions, before being recruited to help establish the Johannesburg Contact Centre as Operations Manager from 2001 until 2008, when he left to join our sister company Momentum, where he held several senior management positions.
In 2017 he joined Sanlam Personal Finance (SPF) as Executive Head: Policy Administration, Claims and Multi-Data Operations. But it wasn’t long before he came back home to Metropolitan as Executive Head of Service and Operations in 2019.
Growth, awareness and truth on a personal and professional level are key motivators to the success he has enjoyed. He holds a Bachelor of Commerce (Economics and Business Management) and a Master of Business Administration, cum laude. Thabo has also completed an Advanced Leadership Certificate in Design Thinking from the Hasso Plattner Institute of Design Thinking at UCT’s GSB and a Senior Leadership Programme from UCT’s GSB, Executive Education. He also graduated from the University of South Africa, Centre for Business Management after completing its Programme in Investment Analysis & Portfolio Management and its Certificate Course in Financial Performance Measurement & Control. When he isn’t leading his team to deliver exceptional client service, Thabo spends his time mastering the skill of meditation, reading or listening to audio books and podcasts, watching sport and enjoying time with his family.
Abulela Gazi: Executive Head of Client and Business Solutions
Abulela is a Fellow of the Actuarial Society of South Africa, having qualified in 2014. He holds a BSc (Act Sci), and BCom Hons (Act Sci) from the University of Cape Town.
He has extensive experience and expertise in the insurance and investment industry and is currently the Head of Client and Business Solutions at Metropolitan, responsible for the development and ongoing management of Metropolitan’s insurance range.
Previously, he held several different roles at Old Mutual including the Head of Smoothed Bonus Funds, a R120 billion fund. He believes in the future of South Africa, having been a member of the Actuarial Society of South Africa’s Convention Organising Committee to drive Inclusion & Diversity, as well as tutoring and mentoring learners from previously disadvantaged communities.
At Metropolitan, we're committed to being part of our country’s success story by empowering young people to make their aspirations their reality.
The Momentum Metropolitan Foundation
Our purpose is clear: to give disadvantaged young people in South Africa the tools they need to reach their goals in a sustainable way. We’ve partner with organisations with proven track records, who are equally invested in social innovation and creating their own sustainability.,
Youth skills training is a critical focus and our three pillars include:
Employment programmes
Job placement
Access to income-generating opportunities
It's not just adults who need help with financial education. It’s children, too. Metropolitan's aim is to empower the youth with healthy financial habits while building positive attitudes towards money.
By providing them with the tools and skills to achieve their future financial goals, we will leave our country and its success in capable hands.
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