|Gross Dividend |
Per Share (cents)
|Net Dividend |
Per Share (cents)
|1||17 MAR 2021||16 APR 2021||19 APR 2021||22.5||18.00|
|2||12 MAR 2020||3 APR 2020||6 APR 2020||45.0||36.00|
|3||10 SEP 2019||1 NOV 2019||4 NOV 2019||65.0||52.00|
|4||11 MAR 2019||5 APR 2019||8 APR 2019||45.0||36.00|
|5||11 SEP 2018||19 OCT 2018||22 OCT 2018||65.0||52.00|
|6||12 MAR 2018||6 APR 2018||9 APR 2018||39.0||31.20|
|7||19 SEP 2017||6 OCT 2017||9 OCT 2017||65.0||52.00|
|8||13 MAR 2017||31 MAR 2017||3 APR 2017||53.0||42.40|
|9||12 SEP 2016||7 OCT 2016||10 OCT 2016||65.0||55.25|
|10||7 MAR 2016||1 APR 2016||4 APR 2016||53.0||45.05|
Interim Results for the 2021 Financial Year
Financial Results for the 2021 Financial Year
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.