Investment reviews

Treasury and management services

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.

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