Jse Ltd (JSE:JSE)
R 108.29 1.79 (1.68%) Market Cap: 8.81 Bil Enterprise Value: 6.64 Bil PE Ratio: 10.81 PB Ratio: 2.01 GF Score: 78/100

JSE Ltd - Special call Transcript

Sep 22, 2022 / 08:00AM GMT
Release Date Price: R103.5 (-0.49%)
Hermanus Lambertus Bosman
Rand Merchant Investment Holdings Limited - CEO & Executive Director

Good morning, everyone, and welcome to RMI's annual results for the financial year 2022. This is my ninth time and last time, but I'll keep sentiment low this morning.

I wanted to start by welcoming the Directors of OUTsurance, and I know many of the other directors will also be dialing in. Welcome to the media, and then thank you to the JSE for hosting us this morning.

Today marks the report on a very important and busy year. We had the sale of Hastings. We had the repayment of ZAR 12 billion of debt, and I see a couple of smiling bankers here. Thanks to RMB and Standard Bank, and all the support you gave us. We capitalized OUTsurance to the tune of an extra ZAR 2.5 billion for future expansion and some acquisition of minority interest that Jan can allude to. We unbundled a total value of [ZAR 36 billion] to shareholders, and we paid a special dividend of ZAR 2 billion.

And you also saw that our leader at the CEO of RMI, IMG is here today. She also -- she's working on a

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