Momentum Metropolitan Health does BEE deal
The Momentum Metropolitan Health Group announced a broad-based BEE deal with the investment arms of the National Education, Health and Allied Workers’ Union (Nehawu), the Police and Prisons Civil Rights Union (Popcru) and a number of black business leaders for a 32% stake in the group.
Momentum Metropolitan Health will retain the remaining 68%. The black business leaders who will participate in the deal include Dr Gil Mahlati, Prof Lucky Mathebula, Dr Ntombi Mutshekwane, Mogologolo Phasha, Dr Sello Rathete and Dr David Sekete.
Health Solutions and Metropolitan Health, provides medical insurance to more than 3.2-m people, including individual consumers and employee groups in the retail, corporate and public sectors.