{
  "id": 8223163,
  "title": "Momentum’s software assets climb to R239m",
  "url": "https://urgent.news/2026/09/18/momentums-software-assets-climb-to-r239m",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-09-18T08:38:32.000Z",
  "source": {
    "name": "ITWeb",
    "slug": "itweb",
    "url": "https://www.itweb.co.za/article/momentums-software-assets-climb-to-r239m/P3gQ2MGAlgbvnRD1"
  },
  "original_language": "en",
  "account": "Momentum Group's computer software assets grew to R239 million in the year ended June 30, 2026, up from R225 million the previous year. This increase was primarily due to continued investment in insurance technology. Momentum Insure, the largest software asset holder, saw its assets rise to R171 million, from R157 million in 2025. This growth was fueled by ongoing development of the Premia line-of-business system and a R28 million acquisition from Ctrl Technologies. The acquired technology asset is expected to be fully amortized by 2031. Guardrisk's software assets increased to R44 million, while Momentum Health reported a decrease to R13 million. Neither company required any impairment in their software assets in 2026. The group's normalised headline earnings increased by 13% to R7.06 billion and operating profit rose by 9% to R5.97 billion. CEO Jeanette Marais highlighted that earnings exceeded the R7 billion Impact strategy goal a year ahead of schedule. Notably, five of the company's businesses each generated more than R1 billion in earnings. The strategic partnership in India also turned profitable, changing from a R67 million loss to a R22 million profit. Group Finance Director Risto Ketala reported a return on equity of 21.7%, driven by strong operational performance across business units.",
  "summary": "The company’s computer software assets increased to R239 million in the year ended 30 June, from R225 million a year earlier.",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}