Passez à l'illimité avec Magzter GOLD

Passez à l'illimité avec Magzter GOLD

Obtenez un accès illimité à plus de 9 000 magazines, journaux et articles Premium pour seulement

$149.99
 
$74.99/Année

Essayer OR - Gratuit

Remgro's CEO highlights challenges with key investments

The Star

|

April 15, 2025

REMGRO believes its three biggest non-performing unlisted investments, CVIH, Hirslanden and Heineken South Africa are largely to blame for the continuing discount to intrinsic net asset value that the investment group trades at on the JSE, CEO Jannie Durand said Monday.

- EDWARD WEST

Remgro's CEO highlights challenges with key investments

Speaking in a presentation to capital market investors, Durand said these three investments, which comprise 20% of Remgro’s total portfolio by value and contributed no earnings or dividends to Remgro in the last financial year, would be turned around.

CIVH, or Community Investment Ventures Holdings focuses on building and managing fibre-optic networks through its subsidiaries, such as Dark Fibre Africa and Vumatel. Hirslanden operates hospitals, clinics, and specialised medical institutes in Switzerland. Heineken Beverages, part of the global Heineken company, produces beer, cider, and other drinks in South Africa.

Durand mentioned that the high gearing of all three businesses means that sound operational performance did not always translate into growth at the earnings or dividend level.

He said there had been some market commentary suggesting that Remgro overvalues its assets, which has led to the “stubbornly high” discount to intrinsic net asset value. However, companies like CICH and Heineken have been valued relatively lower compared with their average peer group valuations, he said.

PLUS D'HISTOIRES DE The Star

The Star

Manager jailed after stealing R2m from firm

A FORMER manager at a Gauteng food manufacturing company has been sentenced to an effective four years' imprisonment after defrauding his employer of more than R2 million through a long-running invoice scam.

time to read

2 mins

January 22, 2026

The Star

The Star

China’s vision for an open world economy in a turbulent era

THE 2026 World Economic Forum (WEF) Annual Meeting opened this week in the snowy Swiss resort of Davos.

time to read

3 mins

January 22, 2026

The Star

Russian minister visits Cuba as Trump ramps up pressure on Havana

SANTA CLARA

time to read

2 mins

January 22, 2026

The Star

The Star

Albert Pretorius redefines a beloved role in ‘Die Kantoor’

SOUTH African acting sensation Albert Pretorius, the lead star of Die Kantoor, the South African spin-off of The Office, is thrilled to have stepped into a character type that is instantly recognisable across the globe.

time to read

5 mins

January 22, 2026

The Star

Swift EMS response contains fire at Standard Bank

EMERGENCY services were dispatched to a Standard Bank branch in Constantia Kloof, Roodepoort, on Tuesday morning following reports of a fire at about 09:10.

time to read

1 min

January 22, 2026

The Star

Makhadzi turns accident into inspiration with ‘Operations’

DESPITE being booked off performances due to her injuries, South African singer Makhadzi has fulfilled her promise to fans by releasing her new song, Operations, featuring Mr Brown and TS Man, on Friday.

time to read

1 mins

January 22, 2026

The Star

The Star

Southern Africa's water crisis: Is permanent 'Day Zero' on the horizon?

DRY TAPS

time to read

2 mins

January 22, 2026

The Star

The Star

Afghanistan mothers seek hospital help for kids

NAJIBA, 24, keeps a constant watch over her baby, Artiya, one of around four million children at risk of dying from malnutrition this year in Afghanistan.

time to read

2 mins

January 22, 2026

The Star

Succeed with the Future-Self Mirror Technique

LEARNER EMPOWERMENT

time to read

3 mins

January 22, 2026

The Star

The Star

New matriculants facing new higher education hurdles

THE 2025 matriculants received their results on December 13, with much anticipation for the future that awaits them.

time to read

4 mins

January 22, 2026

Listen

Translate

Share

-
+

Change font size