Investor Relations

We invest in businesses that reshape financial services

Over 35 years experience and dedication to optimise, diversify and modernise some of South Africa most loved financial services businesses.

Financial Highlights
Financial Statements
Dividend Information
Share Price Information
Shareholder Calendar
B-BBEE
Announcements

Compound shareholders' return since listing in 2011 is 16.3% per annum.

VALUE CREATED FOR THE YEAR ENDED 30 JUNE 2020

R3 086 million

NORMALISED EARNINGS

45 cents per share

DIVIDEND

How and where we invest

The portfolio is split across

39%

OUTsurance

31%

Discovery

14%

Hastings

13%

Momentum Metropolitan

3%

Other

Financial Statements

View our reports

2020

Notice of Annual General Meeting

Dividend Information

RMI seeks to maintain a stable dividend policy taking into account its stage of investment

Dividend
Number
Declaration
Date
Record
Date
Payment
Date
Gross Dividend
Per Share (cents)
Net Dividend
Per Share (cents)
112 MAR 20203 APR 20206 APR 202045.036.00
210 SEP 20191 NOV 20194 NOV 201965.052.00
311 MAR 20195 APR 20198 APR 201945.036.00
411 SEP 201819 OCT 201822 OCT 201865.052.00
512 MAR 20186 APR 20189 APR 201839.031.20
619 SEP 20176 OCT 20179 OCT 201765.052.00
713 MAR 201731 MAR 20173 APR 201753.042.40
812 SEP 20167 OCT 201610 OCT 201665.055.25
97 MAR 20161 APR 20164 APR 201653.045.05
1011 SEP 20159 OCT 201512 OCT 201564.054.40

Share Price Information

Rand Merchant Investment Holdings LTD

All JSE data delayed by 15 min

Historical Share Price

Shareholder Calendar
Reports

Interim Results for the 2021 Financial Year

Announcement for the six months ending 31 December 2019
1 MAR 2020

Financial Results for the 2021 Financial Year

Announcement for the year ending 30 June 2020
25 SEP 2020
Posting of annual report
1 OCT 2020
Annual general meeting
3 DEC 2020

Broad-based Black Economic Empowerment

Rand Merchant Investment Holdings Limited (“RMI”) is a JSE Limited listed investment holding company with investments of 25.0% in Discovery Limited (“Discovery”), 27.3% in Momentum Metropolitan Holdings (“MMI”), 89.1% in OUTsurance Holdings Limited (“OUTsurance”), 100% in RMI Investment Managers Proprietary Limited and 100% in AlphaCode Proprietary Limited in South Africa and 29.7% in Hastings Group Holdings plc in the UK.

RMI does not have operational involvement in its portfolio companies and the transformation and black economic empowerment strategies are the responsibility of the management and boards of these companies. As a major and value-adding shareholder, RMI encourages levels of transformation across its portfolio companies consistent with the spirit and principles of the Broad-based Black Economic Empowerment Act (B-BBEE Act) and the Financial Sector Charter (FSC).

RMI’s South African listed investee companies have all obtained individual verified empowerment rating reports in terms of section 13G (2) of the B-BBEE Act (B-BBEE Reports). These B-BBEE Reports are disclosed on the respective investee company websites, as required by section 16.20(g) of the JSE Limited Listings Requirements.

RMI is a Level 3 contributor to B-BBEE as at 30 June 2020, as verified by Empowerdex Economic Empowerment Rating Agency for reporting in terms of section 13G (2). The rating should be evaluated against the background of RMI’s income consisting mostly of dividend income from its underlying portfolio companies which is paid out to RMI’s shareholders after considering tax, funding and other holding company costs. RMI has limited operational capacity at the holding company and therefore a limited expense base.

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Announcements

2020

Hastings Transaction: RMI Announcement