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The pivot from traditional banking to technology - Remgro CFO Neville Williams

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Chief financial officer of Remgro Neville Williams joined the BizNews Power Hour to shed light on the investment holding giant's performance for the 2021 financial year. After reporting its worst results on record in 2020, Remgro's investee companies for the large part have bounced back strongly. Despite Mediclinic, Remgro's largest constituent, being a drag on performance - the rest of the listed counters within the stable, that being Distell, RMI and RCL Foods all outperformed the prior period. The most exciting avenue of growth for Remgro going forward comes from the CIVH group - which holds Dark Fibre Africa and Vumatel. Remgro have recently used R2bn in proceeds from the sale of FirstRand shares to fund growth within the CIVH stable. Learn more about your ad choices. Visit megaphone.fm/adchoices

22 Sep 2021 6AM English South Africa Investing · Business News

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