| contribution to headline earnings | 30 June 2015 R million |
30 June 2014 R million |
||
| Business Partners | 47 | 33 | ||
| Other | 37 | 26 | ||
| 84 | 59 | |||
Profile
Business Partners is a specialist investment company providing customised and integrated investments, mentorship and property management services for small and medium enterprises (SMEs) mainly in South Africa.
| CORPORATE INFORMATION | FINANCIAL HIGHLIGHTS | SUSTAINABILITY MEASURES | |||||||||||||||||||||||||
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Equity valuation at 30 June 2015 R2 581 million Unlisted Chief Executive Officer N Martin Remgro nominated directors F Knoetze, N J Williams Website |
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CSI/Training spend R6.2 million Number of employees 274 BBBEE status Level 3 Environmental aspect Scope 1 and 2 emissions of 1 376 tonnes CO2e |
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Business Partners LIMITED (BUSINESS PARTNERS)
Business Partners has a March year-end and therefore its results for the twelve months to 31 March 2015 have been equity accounted in Remgro’s results for the year under review. Headline earnings attributable to Remgro for the year under review amounted to R47 million (2014: R33 million).
Headline earnings of Business Partners for the twelve months ended 31 March 2015 amounted to R111 million (2014: R78 million), representing an increase of 42% compared to the previous year. The increase is mainly as a result of higher non-interest investment income and a reduction in credit losses.
During the year under review, funding for 278 (2014: 313) investment projects amounting to R713 million (2014: R865 million) was disbursed, while the risk in the investment portfolio has improved as non-performing loans decreased from 16.3% of the portfolio at 31 March 2014 to 14.7% at 31 March 2015.
