Johann Rupert\u2019s South African-focused company, Remgro, is expecting a large rise in earnings. <\/p>\n\n\n\n
Remgro has large shareholdings in several major South African companies, such as Mediclinic, OUTsurance, Seacom, Heineken Beverages, FirstRand and the Blue Bulls.<\/p>\n\n\n\n
South Africa\u2019s richest man, Rupert, is the chairman of Remgro and owns close to 50% of the company, including all of the company\u2019s B shares. <\/p>\n\n\n\n
The company\u2019s history traces back to tobacco giant Rembrant, which was created by Rupert\u2019s father, Anton. <\/p>\n\n\n\n
In a trading update for the year ended 30 June 2025, the group said that it expects a massive increase in headline earnings, which is the only metric used for trading statement purposes. <\/p>\n\n\n\n
The group expects headline earnings to rise to be between R13.54 and R14.56, marking a expected increase of between 33% and 43%.<\/p>\n\n\n\n
The group said that the increase in headline earnings is driven by improved operational performance from most of its investee companies and lower finance costs. <\/p>\n\n\n\n
The increase also comes off the back of negative impacts on significant corporate actions in the comparative period.<\/p>\n\n\n\n
Further details will be given in the group\u2019s official interim results to be released on SENS around 23 September 2025.<\/p>\n","protected":false},"excerpt":{"rendered":"
Johann Rupert’s Remgro is expecting a large rise in headline earnings amid an improved performance from its most of its investee companies. <\/p>\n","protected":false},"author":95,"featured_media":720040,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9872],"tags":[2591],"class_list":["post-837274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-remgro"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/95"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=837274"}],"version-history":[{"count":3,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837274\/revisions"}],"predecessor-version":[{"id":837284,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/837274\/revisions\/837284"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/720040"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=837274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=837274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=837274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}