Remgro

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Remgro Limited
Company type Public
JSE: REM
Industry Conglomerate
Founded12 July 1968;56 years ago (1968-07-12) as Rembrandt S.A. Limited (Remsa)
Headquarters Stellenbosch, South Africa
Key people
Johann Rupert (Chairman)
Jannie Durand (CEO)
Increase2.svg ZAR: 8.71 billion (2015) [1]
Total assets Increase2.svg ZAR: 94.69 billion (2015)
Total equity Increase2.svg ZAR: 75.93 billion (2015)
Number of employees
173
Website https://www.remgro.com

Remgro Limited is a South African investment holding company, based in Stellenbosch. [2]

Contents

The company has interests in banking, financial services, packaging, glass products, medical services, mining, petroleum, beverage, food and personal care products, and is listed on the Johannesburg Stock Exchange. [3]

In 2015, Forbes listed Remgro as the 9th largest publicly traded company in South Africa and 1,436th largest 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

Banking

Healthcare

Industrial

Insurance

Infrastructure

Media and sport

Other 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, this structure gave Rembrandt Group 42.57% control of Remgro while Public Investment Corporation has 9.63% control. [1]

As of 2024, retail investors have 45% ownership in the company, while institutions own 29% of the company. 50% of the business is held by the top 23 shareholders. [12]

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] [13]

See also

References

  1. 1 2 3 4 "Remgro 2015 Annual Report" (PDF). Remgro Limited. 30 June 2015. Retrieved 12 January 2016.
  2. "Why Invest In - Remgro" (Video). Why Invest In. 30 July 2015. Retrieved 12 January 2016.
  3. "Marketsdata > Equities > REM". Financial Times . The Nikkei . Retrieved 17 January 2016.
  4. "The World's Biggest Public Companies". Forbes . Retrieved 17 January 2015.
  5. "Remgro | World Finance 2016" . Retrieved 24 April 2022.
  6. "Johann Rupert listed empire: Remgro, Richemont and Reinet". BizNews.com. 18 October 2021. Retrieved 24 April 2022.
  7. "Restructuring of the Rembrandt Group" (PDF). Rembrandt Group. 30 August 2000. Retrieved 17 January 2016.
  8. "Geschichte der Gruppe". Archived from the original on 27 November 2011.
  9. "Home | S&P Global Ratings". www.spglobal.com. Retrieved 24 April 2022.
  10. "Remgro Group Investments". Remgro Limited. 30 June 2015. Retrieved 13 January 2016.
  11. Rudolph Muller (27 November 2019). "Remgro is building a telecoms powerhouse in South Africa". MyBroadband. Retrieved 22 April 2025.
  12. "Remgro Limited's (JSE:REM) largest shareholders are retail investors with 45% ownership, institutions own 29%". Yahoo Finance. 29 February 2024.
  13. "Jannie Durand, Remgro Ltd: Profile and Biography". Bloomberg.com. Retrieved 12 February 2024.