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 2023 R million	30 June 2022 R million
Central treasury
– Finance income	650	224
– Finance costs	(628)	(627)
Net corporate income/(costs)	205	(252)
	227	(655)

Remgro Finance Corporation Proprietary Limited

Remgro Healthcare Holdings Proprietary Limited

Remgro USA Limited – Jersey

Remgro Management Services Limited

V&R Management Services AG – Switzerland

Profile:

Responsible for Remgro’s central treasury function as well as management and support services.

Unlisted companies

Finance income amounted to R650 million (2022: R224 million). This increase is mainly due to the increase in the South African repo rate and a higher average cash balance, due to the disposal of 60 million FirstRand shares and Remgro’s investment in Grindrod Shipping. Finance costs amounted to R628 million (2022: R627 million). Other net corporate income of R205 million (2022: net corporate costs of R252 million) includes an after-tax foreign exchange gain of R522 million realised on foreign exchange contracts entered in respect of the acquisition of the additional 5.4% indirect interest in Mediclinic.