Shareholders will receive an interim dividend of 50 cents a share. During the six months to the end of December 2022, the financial services giant repurchased R750-million of its own shares trading at a discount to embedded value .
Group chief executive, Hillie Meyer, says the earnings results reflect the successful execution of the company’s Reinvent and Grow strategy. Businesses that contributed most to the bottom line include Momentum Life, which improved normalised headline earnings to R689-million from R30-million in the prior period.
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