On 19 March Bloomberg reported: “The Momentum Bonitas deal is set to reshape SA’s tightly concentrated medical scheme administration market after Momentum Health won the tender to administer the Bonitas Medical Fund. The transfer takes effect on 1 June 2026 and is being positioned by Momentum as a springboard for further growth in a sector dominated by a handful of large players.”
Momentum’s share of the medical scheme administration market is expected to rise to 30% from 22% pushing it into the No 2 position behind Discovery.
“The Bonitas move is being described as the largest transfer of a medical scheme from one administrator to another in the local industry’s history. More than 750,000 beneficiaries will move under Momentum’s administration through this single deal, lifting the insurer’s health client base in Africa to over 3.3m.”