Who owns rmbh

JSE-listed with a market capitalisation of R2. Office, retail and industrial property. Office and retail property. Mezzanine, debt and equity funding business.

Enduring value created. Net asset value per share. Market capitalisation. R billion. Cash resources. In an announcement today, RMBH proposes a far reaching restructuring of its banking and insurance interests. The OUTsurance stake will be acquired from FirstRand for a cash consideration of R3,75 billion and will be funded using the capital raised from Royal Bafokeng and debt.

Our investment thesis has always been that, in the longer term, strategic stakes in businesses that earn significant elements of the profit pools of their sectors will produce superior shareholder value. Both parties view this transaction as a first step in achieving a substantially empowered financial services group of scale in South Africa and are proud that the transaction could be concluded on fully commercial terms, heralding a new age in empowerment transactions and indicating the maturing of this part of the South African economic landscape.

Add to my list. The Company is also focused on the property sector. The Company evaluates and implements geographic, business and product diversification in RMH and across the portfolio. FirstRand comprises four financial services franchises: First National Bank, which is the retail and commercial bank; WesBank, which is engaged in the installment finance business in the retail and corporate, and commercial segments; Rand Merchant Bank is the corporate and investment bank, and Ashburton investments, which is an investment manager.

Its property portfolio consists of two portfolios: core portfolio, which targets the traditional business areas and includes its investment in Atterbury, and specialist portfolio, which focuses on various areas of the sector and includes its investment in an urban renewal company, Propertuity Development Company.

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Business Summary. Dominique Collet. Lisa Masozi Chiume. Sonja Emilia Ncumisa de Bruyn Sebotsa. Mafison Murphy Morobe. Matsotso Mamongae Mahlare. James Andrew Teeger. Members of the board. Lauritz Dippenaar.