Remgro
South African investment holding company
Remgro, officially Remgro Limited, is a South African investment holding company, based in Stellenbosch, in the Western Cape province.
The company has interests in banking, financial services, packaging, glass products, medical services, mining, petroleum, beverage, food and personal care products, and is listed on the Johannesburg Stock Exchange.
In 2022, Remgro was South Africa's 28th largest company by annual revenue.
01History
Remgro traces its roots from Voorbrand Tobacco Company (renamed Rembrandt Trust in 1948) that was founded in the 1940s by Anton Rupert.
Remgro was incorporated in 1968 as Rembrandt S.A. Limited (Remsa), a wholly owned subsidiary of JSE listed Rembrandt Group.
In 2000, the Rembrandt Group of companies underwent a corporate restructure that led to the consolidation of the group's investments from four to two publicly traded holding companies i.e. Remgro and VenFin. VenFin acquired the group's technology-orientated assets while Remgro acquired the traditional assets.
After the spin-off of the BAT stake in 2008, Remgro and VenFin were merged again in 2009.
In 2015, Forbes listed Remgro as the 9th largest publicly traded company in South Africa and 1,436th largest in the world.
In 2026, South African investment firm Ninety One acquired just over 5% of Remgro's shares.
02Portfolio
As of June 2025, Remgro has the following principal investments, ranked by shareholding percentage:
| Sector | Company | Shareholding | Intrinsic value of shares (R billion) |
Ref. |
|---|---|---|---|---|
| Consumer goods | Siqalo Foods | 100% | 6.42 | |
| Consumer goods | Rainbow Chicken | 80% | 2.95 | |
| Consumer goods | RCL Foods | 79.6% | 7.86 | |
| Infrastructure | Ubiquity Energy | 75% | 0.03 | |
| Infrastructure | CIVH | 57% | 15.80 | |
| Healthcare | Mediclinic | 50% | 41.50 | |
| Industrial | Air Products South Africa | 50% | 6.29 | |
| Financial services | Business Partners | 45% | 1.42 | |
| Media | Kagiso Tiso Holdings | 43.5% | 3.13 | |
| Industrial | PGSI | 37.7% | 0 | |
| Investment firms | Prescient China Equity Fund | 37.1% | 1.19 | |
| Consumer goods | Capevin | 33.6% | 1.12 | |
| Media | eMedia Investments | 32.3% | 0.47 | |
| Insurance | OUTsurance Group | 30.5% | 36.77 | |
| Infrastructure | SEACOM | 30% | 0.81 | |
| Fuels | Total South Africa | 24.9% | 4.22 | |
| Consumer goods | Heineken Beverages | 18.8% | 6.74 | |
| Healthcare | Discovery | 7.7% | 9.15 | |
| Financial services | FirstRand | 1.6% | 5.73 |
03Ownership
Remgro's stock are divided into two classes - ordinary shares and B ordinary shares. The ordinary shares are listed on the JSE under the “Industrials, Diversified Industrials” sector, with the share code REM. The B ordinary shares are all owned by Rembrandt Group. As of 30 June 2015, this structure gave Rembrandt Group 42.57% control of Remgro, while Public Investment Corporation has 9.63% control.
As of 2024, retail investors have 45% ownership in the company, while institutions own 29% of the company. 50% of Remgro is held by the top 23 shareholders.
Sources and credits
This article is adapted from the Wikipedia article “Remgro”, written by its contributors and licensed under CC BY-SA 4.0. Fathomly has changed the layout, removed citation markers, navigation and maintenance notices, and adjusted punctuation. This adapted version is shared under the same license. For references, see the original article.
Fathomly is not affiliated with or endorsed by the Wikimedia Foundation. Spotted a problem? Tell us.