Rand Merchant Investment Holdings is weighing expansion beyond Africa as it seeks to diversify its portfolio and tap revenue outside its home continent after the unbundling of its stakes in insurers Discovery and Momentum Metropolitan.
The group said on Monday it would unbundle its 25% stake in Discovery and a 27.3% holding in Momentum Metropolitan to narrow its focus on short-term property and casualty insurance, which it would continue to drive in SA via its 89.1% investment in Outsurance. RMI will also issue as much as R6.5bn in new shares to help pay down almost R12bn in debt...
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RMI rockets amid plan to unbundle Discovery and MMI stakesThe insurer aims to focus on its short-term insurance businesses and to cut the discount at which its shares trade My first experience happens to be a failure but i never gave up cause i knew it was going to work out for me trying continuously, fortunately i'm smiling today by getting involved with peterniecy Until the whole world get to know how good and generous she's I won't stop saying this cause my life has taken another greatly shape financially, LindaStouffes
Source: BDliveSA - 🏆 12. / 63 Read more »
RMI rockets amid plan to unbundle Discovery and MMI stakesThe insurer aims to focus on its short-term insurance businesses and to cut the discount at which its shares trade My first experience happens to be a failure but i never gave up cause i knew it was going to work out for me trying continuously, fortunately i'm smiling today by getting involved with peterniecy Until the whole world get to know how good and generous she's I won't stop saying this cause my life has taken another greatly shape financially, LindaStouffes
Source: BDliveSA - 🏆 12. / 63 Read more »
PODCAST | Discovery is rewarding members for getting vaccinatedSPONSORED | Listen to episode 3 of the three-part podcast series by Discovery Health Discovery...cash-cow discovery. The medical aid that gives you so little so you can't get medical aid. Weird sort of business model.
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