{"id":853823,"date":"2026-03-13T08:58:39","date_gmt":"2026-03-13T06:58:39","guid":{"rendered":"https:\/\/businesstech.co.za\/news\/?p=853823"},"modified":"2026-03-13T08:59:36","modified_gmt":"2026-03-13T06:59:36","slug":"good-times-for-johann-ruperts-south-african-company-worth-r94-billion","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/business\/853823\/good-times-for-johann-ruperts-south-african-company-worth-r94-billion\/","title":{"rendered":"Good times for Johann Rupert’s South African company worth R94 billion"},"content":{"rendered":"\n

Remgro, the company chaired by Johann Rupert and founded by his father, Anton, expects a large rise in headline earnings. <\/p>\n\n\n\n

Remgro\u2019s origins trace back to the founding of the Rembrandt Group by Anton. Johann is now the company\u2019s chair and South Africa\u2019s richest man, with a net worth of around $15 billion. <\/p>\n\n\n\n

Rembrandt saw a major split when its international assets were spun off into Richemont in 1988. The South African assets were kept in what would become Remgro. <\/p>\n\n\n\n

The Rupert family holds all the unlisted B shares in Remgro, which gives them over 40% control of the company.<\/p>\n\n\n\n

In a trading statement, the group said its headline earnings per share for the six months ended 31 December 2025 will be between 914 cents and 948 cents, representing an increase of 36% to 41%.<\/p>\n\n\n\n

Remgro said that the increase in headline earnings is driven by continued improvements in operational performance across the majority of its investee companies. <\/p>\n\n\n\n

The trading statement comes shortly after Remgro announced it sold close to R4.9 billion in FirstRand shares. <\/p>\n\n\n\n

Remgro acquired a direct stake in FirstRand following the unbundling of its RMB Holdings<\/a>\u00a0interest\u00a0in June 2020.<\/p>\n\n\n\n

Remgro then had a direct exposure to FirstRand of 3.92%. Despite FirstRand being one of the largest banking groups in South Africa, Remgro deemed the investment non-core. <\/p>\n\n\n\n

By the end of the previous financial year, which ended June 2025, Remgro had sold down this residual interest in FirstRand to a holding of 1.64%.<\/p>\n\n\n\n

In the continuation of the aforementioned disposal process, Remgro disposed of 51,966,739 additional FirstRand shares in the market from 2 February 2026 to 10 March 2026.<\/p>\n\n\n\n

With an average price per share of R93.87, Remgro’s sales in 2026 totalled R4,878 million.<\/p>\n\n\n\n

\u201cThe proceeds from the disposal add to Remgro\u2019s strategic cash resources, which are managed in accordance with its capital allocation framework,\u201d said Remgro.<\/p>\n\n\n\n

Remgro\u2019s other large holdings include Mediclinic, OUTsurance, Seacom, the Blue Bulls, Stellenbosch FC, Heineken, Rainbow Chicken and many more. The company has a market cap of around R94 billion. <\/p>\n","protected":false},"excerpt":{"rendered":"

Remgro, the South African company chaired by Johann Rupert, expects a strong rise in headline earnings. <\/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":[4088,2591],"class_list":["post-853823","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-firstrand","tag-remgro"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/853823","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=853823"}],"version-history":[{"count":2,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/853823\/revisions"}],"predecessor-version":[{"id":853826,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/853823\/revisions\/853826"}],"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=853823"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=853823"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=853823"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}