Remgro
| Company type | CEO |
|---|---|
 ZAR: 8.71 billion (2015)[1] | |
| Total assets | ZAR: 94.69 billion (2015) |
| Total equity | ZAR: 75.93 billion (2015) |
Number of employees | 173 |
| Website | Homepage |
Remgro Limited is an investment holding company based in Stellenbosch, South Africa.[2] It has interests in banking, financial services, packaging, glass products, medical services, mining, petroleum, beverage, food and personal care products.[3] In 2015, Forbes listed Remgro as the 9th biggest publicly traded company in South Africa and 1436th in the world.[4]
History
Remgro traces its roots from Voorbrand Tobacco Company (renamed Rembrandt Trust in 1948) that was founded in the 1940s by Anton Rupert.[5][6]
Remgro was incorporated in 1968 as Rembrandt S.A. Limited (Remsa), a wholly owned subsidiary of JSE listed Rembrandt Group. In 2000, the Rembrandt Group of companies underwent a corporate restructure that led to the consolidation of the group's investments from four to two publicly traded holding companies i.e. Remgro and VenFin. VenFin acquired the group's technology-orientated assets while Remgro acquired the traditional assets.[7] After the spin-off of the BAT stake in 2008, Remgro and VenFin were merged again in 2009.[8]
Portfolio
Remgro Limited is one of the largest companies in Africa by market value and is therefore included in the 2008 S&P Africa 40 Index.[9] Remgro's portfolio of investments include but are not limited to the following:[1][10]
FMCG
- Unilever South Africa – 25.8% shareholding – A manufacturer and marketer of food, home and personal care products. A subsidiary of Unilever.
- Distell Group– 30.65% shareholding – A producer and marketer fine wines, spirits and flavoured alcoholic beverages. Listed on the JSE and held indirectly through Capevin Holdings and related investments.
- RCL Foods– 77.5% shareholding – A holding company for diversified food businesses including Rainbow Chicken, Foodcorp, TSB Sugar, Zam Chick and logistics firm Vector Logistics.
Banking
- RMB Holdings – 28.2% shareholding – A investment holding company.
- Rand Merchant Bank (RMB), First National Bank (FNB), WesBankand Ashburton Investments brands. This investment is held both directly and through RMB Holdings.
Healthcare
- Mediclinic – 42% shareholding – A provider of comprehensive, high-quality hospital services in Southern Africa, the United Arab Emirates and Switzerland. Mediclinic holds a 29.9% stake in UK based Spire Healthcare.
Industrial
- Air Products South Africa (APSA) – 50% shareholding – A producer of oxygen, nitrogen, argon, hydrogen and carbon dioxide for industrial use. APSA is a joint venture between Remgro and US based Air Products and Chemicals Incorporated.
- Kagiso Tiso Holding (KTH) – 34.9% shareholding – A black economiccontrolled company with a focus on investment banking services, media and strategic investments.
- Total South Africa – 24.9% shareholding – A marketer of petroleum and petroleum products in South Africa. Total South Africa is a subsidiary of Total SA and has a 36% interest in National Petroleum Refiners of South Africa Proprietary Limited (Natref).
- PGSI – 37.7% shareholding – An investment holding company holding a 90% stake in PG Group. PG Group is South Africa’s leading manufacturer, distributor and installer of high-performance automotive and building glass products.
- Wispeco Holding – 100% shareholding – A manufacturer and distributor of extruded aluminium used in the building, engineering and durable goods sectors.
Insurance
- MMI Holdings, OUTsuranceand RMB Structured Insurance.
Infrastructure
- Grindrod – 23% shareholding – A JSE listed logistics holding company.
- Community Investments Ventures Holdings (CIV Holdings) – 50.9% shareholding – An investment holding company with Dark Fibre Africa (DFA) as its major investments. DFA builds, owns, maintains and monitors infrastructure suitable to carry services such as fibre-optic networks.
- SEACOM – 25% shareholding – A provider high-capacity international fibre-optic bandwidth for Southern and East Africa.
- Kagiso Infrastructure Empowerment Fund (KIEF) – 45.4% shareholding – A fund investing in infrastructure projects.
- On 8 June 2018 it was announced that Community Investment Ventures Holdings (CIVH) had acquired 34.9% of Vumatel for an undisclosed amount.
Media and sport
- Sabido Investments – 32.4% shareholding – A media holding company with investments in e.tv, eNews Channel Africa (eNCA), free-to-air satellite platform Platco Digital, Yfm and various studio facilities and production businesses.
Other investments
- Business Partners – 42.7% shareholding – A specialist investment company providing customized and integrated investments, mentorship and property management services to SMEs.
- Capevin Holdings – 15.6% shareholding – An investment holding company with Distell Group as its only investments.
Ownership
Remgro's stock are divided into two classes i.e. ordinary shares and B ordinary shares. The ordinary shares are listed on the JSE under the “Industrials – Diversified Industrials” sector, with the share code: REM. The B ordinary shares are all owned by Rembrandt Group. As of 30 June 2015[update], this structure gave Rembrandt Group 42.57% control of Remgro while Public Investment Corporation with 9.63% control.[1]
Governance
Remgro is governed by a twelve-person Board of Directors with Johann Rupert serving as the Chairman of the group and Jannie Durand as the CEO.[1][11]
See also
References
- ^ a b c d "Remgro 2015 Annual Report" (PDF). Remgro Limited. 30 June 2015. Retrieved 12 January 2016.
- ^ "Why Invest In - Remgro" (Video). Why Invest In. 30 July 2015. Retrieved 12 January 2016.
- ^ "Marketsdata > Equities > REM". Financial Times. The Nikkei. Retrieved 17 January 2016.
- ^ "The World's Biggest Public Companies". Forbes. Retrieved 17 January 2015.
- ^ "Remgro | World Finance 2016". Retrieved 24 April 2022.
- ^ "Johann Rupert listed empire: Remgro, Richemont and Reinet". BizNews.com. 18 October 2021. Retrieved 24 April 2022.
- ^ "Restructuring of the Rembrandt Group" (PDF). Rembrandt Group. 30 August 2000. Retrieved 17 January 2016.
- ^ "Geschichte der Gruppe". Archived from the original on 27 November 2011.
- ^ "Home | S&P Global Ratings". www.spglobal.com. Retrieved 24 April 2022.
- ^ "Remgro Group Investments". Remgro Limited. 30 June 2015. Retrieved 13 January 2016.
- ^ "Jannie Durand, Remgro Ltd: Profile and Biography". Bloomberg.com. Retrieved 12 February 2024.