Group structure

AT 31 MARCH 2008

 

    ASSOCIATED COMPANIES AND OTHER
   
        Tobacco interests
          • British American Tobacco 10.6%
             
        Financial services
          • RMB Holdings 25.0%
          • FirstRand 9.3%
             
        Industrial interests
          • Air Products SA 50.0%
          • Distell 29.4%
          • Dorbyl 41.4%
          • Kagiso Trust Investments 41.8%
          • Medi-Clinic 45.9%
          • Nampak 13.3%
          • PGSI 28.5%
          • Total South Africa 24.9%
          • Unilever South Africa Holdings 25.8%
             
        Mining interests
          • Trans Hex 28.5%
          • Implats 4.4%
             
        Other interests
          • Business Partners 21.1%
          • Xiocom 44.4%
           
      SUBSIDIARY COMPANIES
   
        Industrial interests
          • Tsb Sugar 100.0%
          • Wispeco 100.0%
          • Rainbow 74.0%
             
        Corporate and other interests
          • Remgro Finance Corporation 100.0%
          • M&I Group Services 100.0%
          • Remgro Investments – Jersey 100.0%
           
          Percentages represent the direct interests held.
Annexures A and B provide further information of subsidiary companies and investments.

GROUP STRUCTURE

INFORMATION ON THE COMPANIES IN WHICH INVESTMENTS ARE HELD

 

ASSOCIATED COMPANIES AND OTHER

           
 
   
 
   
 
   
           
  tobacco interests   Financial services   Mining interests
           
 
British American Tobacco
effective interest: 10.6%
Listed on the London Stock Exchange.
Chief Executive Officer: P Adams
Produces high-quality tobacco products for a diverse, worldwide market. The company is involved from the planting and growing of tobacco crops to the marketing of the products.
Interest is represented by a one-third shareholding in the ordinary shares and a 100% shareholding in the “2005” participating securities of R&R Holdings
SA (R&R). The other two-thirds shareholding in R&R is held by Compagnie Financière Richemont SA.
R&R holds a 30% share in BAT.
Market capitalisation at 31 March 2008:
£38 126 million
Website: www.bat.com
 
RMB Holdings
effective interest: 25.0%
Listed on the JSE Limited.
Chief Operating Officer: P Cooper
RMBH’s interests are:
 




FirstRand Limited (33%)
RMB Structured Insurance Limited (81%)
OUTsurance Limited (62%)
Glenrand M.I.B Limited (16%)
Discovery Holdings Limited (27%)
Market capitalisation at 31 March 2008:
R29 623 million
Website: www.rmbh.co.za
FirstRand
effective interest: 9.3%
(excluding indirect interest held through RMB Holdings)
Listed on the JSE Limited.
Chief Executive Officer: P K Harris
The FirstRand group of companies is involved in the financial service activities,
including retail, corporate, investment and merchant banking, short-term insurance, life insurance, employee benefits, health insurance and asset management.
The banking and insurance activities are represented by the wholly owned subsidiaries FirstRand Bank Holdings Limited and Momentum Group Limited respectively.
Market capitalisation at 31 March 2008:
R90 192 million
Website: www.firstrand.co.za
 
Trans Hex
effective interest: 28.5%
Listed on the JSE Limited.
Chief Executive Officer: L Delport
Exploration for, and mining and marketing of land and marine diamonds.
Market capitalisation at 31 March 2008:
R1 113 million
Website: www.transhex.co.za
IMPLATS
effective interest: 4.4%
Listed on the JSE Limited.
Chief Executive Officer: D H Brown
Implats is a fully integrated mining and
metallurgical organisation, which markets
refined platinum group metals for global
markets and is one of the world’s largest
platinum recyclers.
Market capitalisation at 31 March 2008:
R197 684 million
Website: www.implats.co.za

 

ASSOCIATED COMPANIES AND OTHER

 
   
 
INDUSTRIAL INTERESTS
 
 
Air Products
effective interest: 50.0%
Unlisted
Chief Executive Officer: M Hellyar
Air Products SA produces oxygen, nitrogen, argon, hydrogen and carbon dioxide for sale in gaseous form by pipeline under long-term contracts to major industrial users, as well as
the distribution of industrial gases and
chemicals for sale, together with ancillary
equipment, to the merchant market.
The other 50% of the ordinary shares is
held by Air Products and Chemicals
Incorporated, a USA company.
Website: www.airproducts.co.za
Medi-Clinic
effective interest: 45.9%
Listed on the JSE Limited.
Chief Executive Officer: L J Alberts
Medi-Clinic’s business consists of the
provision of comprehensive, high-quality
hospital services on a cost-effective basis in Southern Africa, the United Arab Emirates and Switzerland.
Market capitalisation at 31 March 2008:
R11 682 million
Website: www.mediclinic.co.za
Dorbyl Limited
effective interest: 41.4%
Listed on the JSE Limited.
Chief Executive Officer: R F Röhrs
Dorbyl is an industrial group in the
automotive engineering industry. The
company specialises in the production and assembly of a wide range of vehicle
components.
Market capitalisation at 31 March 2008:
R273 million
Website: www.dorbyl.co.za
 
Distell
effective interest: 29.4%
Listed on the JSE Limited.
Chief Executive Officer: J J Scannell
Distell produces and markets fine wines,
spirits and flavoured alcoholic beverages, in South Africa with an increasing international profile.
Interest is represented by a 50% shareholding in Remgro-KWV Investments Limited, which held a 59% share in Distell at 31 March 2008.
Market capitalisation at 31 March 2008:
R10 234 million
Website: www.distell.co.za
Kagiso Trust Investments
effective interest: 41.8%
Unlisted
Chief Executive Officer: J J Njeke
Kagiso Trust Investments (“Kagiso”) is an established black economic controlled company with a focus on investment banking services, media and strategic investments. Kagiso has an investment portfolio and strategy that is complementary to that of Remgro.
Website: www.kagiso.com
TOTAL
effective interest: 24.9%
Unlisted
Chief Executive Officer: J Royére
Subsidiary of Total (France). Total South Africa’s business is the refining and marketing of petroleum and petroleum products in South Africa. It distributes to neighbouring NBLS countries. It has a 36% interest in National Petroleum Refiners of S.A. (Pty) Limited (Natref ).
Website: www.total.co.za
 
Nampak
effective interest: 13.3%
Listed on the JSE Limited.
Chief Executive Officer: G E Bortolan
Nampak is Africa’s largest and most
diversified packaging manufacturer, with
operations in the United Kingdom and
Europe. It produces a wide variety of
packaging products from metals, paper,
plastic and glass and is the largest
manufacturer and distributor of tissue paper products.
Market capitalisation at 31 March 2008:
R10 785 million
Website: www.nampak.com
Unilever
effective interest: 25.8%
Unlisted
Chief Executive Officers:
Mrs G A Klintworth
The Unilever venture manufactures and markets an extensive range of food and home and personal care products, while enjoying market leadership in most of its major categories. Well-known brands include Robertsons, Rama, Flora, Lipton, Joko, Mrs Ball’s, Sunlight, Omo, Surf, Vaseline and Lux.
Website: www.unilever.co.za
 
PGSI Limited
effective interest: 28.5%
Unlisted
Chief Executive Officer: S Jennings
PGSI holds an interest of 100% in PG Group.
The PG Group is South Africa’s leading integrated glass business that manufactures, distributes and installs high-performance automotive and building glass.
Website: www.pggroup.co.za

 

 

  ASSOCIATED COMPANIES
AND OTHER
  SUBSIDIARY COMPANIES
           
           
 
   
 
   
 
   
           
  OTHER INTERESTS   INDUSTRIAL INTERESTS   CORPORATE AND
OTHER INTERESTS
 
Business Partners
effective interest: 21.1%
Unlisted
Chief Executive Officer: J Schwenke
Business Partners is a specialist investment company providing customised and integrated investments, mentorship and property management services for small and medium enterprises in South Africa.
Website: www.businesspartners.co.za
Business Partners
effective interest: 44.4%
Unlisted
Chief Executive Officer: J D Spence
Xiocom is a newly established USA company that specialises in the deployment and operation of wireless broadband networks.
Website: www.xiocom.com
 
Tsb Sugar
effective interest: 100.0%
Unlisted
Chief Executive Officer: H Snyman
Tsb Sugar is involved in cane growing and the production, transport and marketing of sugar and animal feed. Citrus is also grown on the company’s estates.
Website: www.tsb.co.za
WISPECO Aluminium
effective interest: 100.0%
Unlisted
Managing Director: H Rolfes
Wispeco’s main business is the extrusion of aluminium profiles used mainly in the building, engineering and durable goods sectors.
Website: www.wispeco.co.za
Dorbyl Limited
effective interest: 74.0%
Listed on the JSE Limited.
Chief Executive Officer: M Dally
Rainbow is the holding company of one
principal operating subsidiary, which is a
vertically integrated chicken producer.
Market capitalisation at 31 March 2008:
R4 234 million
Website: www.rainbowchicken.co.za
 
Remgro Finance Corporation Limited
effective interest: 100.0%
Unlisted companies
Responsible for Remgro’s central treasury function as well as management and support services.