Remgro, the Stellenbosch-based investment company controlled by businessman Johann Rupert, has cited power shortages, political instability in the run-up to the national elections, and low business confidence among its biggest risks.
Remgro has investments in banking, health care, consumer products, insurance, industrial, infrastructure and media sectors. He said most of the company’s investments were resilient in the face of these adverse circumstances, largely thanks to their strong balance sheets. Speaking after the release of the firm’s results for the six months ended December, Remgro CFO Neville Williams said In the six months, Remgro’s headline earnings per share decreased 3.3% to 752c. The group increased its interim dividend per share 5.4% to 215c.
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