INVESTMENT REVIEWS
As a responsible steward, Remgro aims to create
sustainable stakeholder value by investing in
a portfolio of businesses that can deliver superior
earnings, dividend and capital growth over
the long term, whilst contributing to measurable positive
social and environmental impact.
| Contribution to headline earnings | 30 June 2022 R million |
30 June 2021 R million |
|---|---|---|
| Central treasury | ||
| – Finance income | 224 | 212 |
| – Finance costs | (627) | (861) |
| Net corporate costs | (252) | (249) |
| (655) | (898) | |
Responsible for Remgro’s central treasury function as well as management and support services.
Finance income amounted to R224 million (2021: R212 million). This increase is mainly due to the increase in the South African repo rate. Finance costs is lower at R627 million (2021: R861 million) due to the redemption of the exchangeable bonds in cash on 22 March 2021. Other net corporate costs amounted to R252 million (2021: R249 million).
The 2022 Annual General Meeting of Remgro will be held by way of electronic participation only (refer to the Notice of Shareholders regarding the electronic participation process).