The investment firm also says political instability ahead of the elections is a threat in 2019
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.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
LIVE: 'It's going to be a huge struggle ahead of us' - Gordhan on load sheddingPublic Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on electricity supply problems.
Read more »
NUM march against Eskom unbundling to go ahead despite high-level govt meetingThis comes despite a meeting with President Cyril Ramaphosa on Tuesday which was also attended by Public Enterprises Minister Pravin Gordhan and Energy Minister Jeff Radebe.
Read more »
Debate rages over Eskom monopolyThis proposal from Wildlife and Environment Society Algoa Bay branch chair Gary Koekemoer was one of half a dozen solutions that emerged on Monday as the monster of load-shedding – with an estimated cost to the national economy of between R20bn and R80bn a month – gripped Nelson Mandela Bay and the rest of the country.
Read more »
LIVE: Gordhan, Mabuza Eskom briefing held up by load sheddingPublic Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on electricity supply problems.
Read more »
LIVE: Eskom’s problems are structural, operational and financial - chairPublic Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on electricity supply problems.
Read more »
Eskom hopes more electricity available to SA from WednesdayEskom now says its generators will be back online by Thursday, while the public holiday will also ease the high demand.
Read more »
WATCH LIVE: We understand your frustrations with load shedding - GordhanMinister Pravin Gordhan said technicians are still investigating what has caused the several breakdowns and hope to report back to the public in 10 days.
Read more »
LIVE: 3 000 Eskom employees are doing business with the power utility - Pravin GordhanPublic Enterprises Minister Pravin Gordhan and Eskom board chairperson Jabu Mabuza will brief the media on electricity supply problems.
Read more »
Eskom needs 'crisis reaction' - MabuzaEskom chairperson Jabu Mabuza says the operational side of Eskom requires “crisis reaction” as well as time and speed to fix the current load shedding situation.
Read more »