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Remgro declares special dividend amid strong portfolio performance
Cape Times
|September 25, 2025
REMGRO, the JSE-listed investment group with well-known South African businessman Johann Rupert as its major controlling shareholder, has declared a 200 cents a share special dividend, bringing its total payout to shareholders to about R3.09 billion for the year.
The special dividend for the year to June 30 followed the disposal of the interest in British American Tobacco and strong performances from nearly all Remgro's investee companies.
The special dividend is in addition to the total dividend for the year, which increased by 30.3% to 344 cents a share compared with the previous year.
Remgro's intrinsic net asset value per share increased by 16.5% to R292.34 at June 30, from R251.01 at June 30 a year before.
The closing share price at June 30, 2025, was R158.20 (2024: R136.09), representing a discount of 45.9% (2024: 45.8%) to the intrinsic net asset value.
The share price traded 1.9% higher to R177.01 on Tuesday morning, a price that had gained 15.8% over 12 months.
This story is from the September 25, 2025 edition of Cape Times.
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