Johann Rupert’s right-hand man at Remgro sells R34 million in shares

Remgro, the company founded and chaired by billionaire Johann Rupert, has revealed that its top executives have sold R52 million in shares.

The company revealed this in a Johannesburg Stock Exchange (JSE) Stock Exchange News Service (SENS) announcement on 10 April 2026 after the market closed.

Remgro is one of South Africa’s most iconic companies, dating back to the 1940s when Anton Rupert started the Rembrandt Group.

Rembrandt entered the South African cigarette and tobacco industry in 1948 and, in the 1950s, expanded overseas through international partnerships.

The Rembrandt Group was listed on the Johannesburg Stock Exchange in 1956 and expanded beyond its initial focus, tobacco, wine, and spirits, in the 1970s.

Anton Rupert’s son, Johann, restructured the company in the 1990s and 2000s, ultimately creating three new companies: Richemont, Reinet, and Remgro.

• Richemont focuses on luxury goods, like Cartier and Montblanc, and is based in Switzerland.

• Reinet took the British American Tobacco shares and became an investment vehicle based in Luxembourg.

• Remgro is a diversified investment vehicle for industrial, financial, and infrastructure assets, based in Stellenbosch, South Africa.

Remgro holds significant stakes in many prominent companies, including Mediclinic, RCL Foods, Rainbow Chicken, eMedia, and OUTsurance.

It is also a shareholder in Vumatel, Seacom, DFA, TotalEnergies, Heineken Beverages, Discovery, and FirstRand.

Remgro has many social impact investments, including the Blue Bulls, Stellenbosch Academy of Sport, and Stellenbosch Football Club.

Remgro executives and directors sell shares

Remgro is managed by chief executive Jannie Durand, chief financial officer Neville Williams, and chief compliance and operations officer Mariza Lubbe.

Carel Vosloo is the company’s chief investment officer and alternate executive director to the Remgro CEO, Jannie Durand.

On 10 April 2026 at 17:42, well after the market closed, Remgro announced that its executive directors, prescribed officers, and the company secretary had sold shares.

The announcement included the shares these executives have been awarded under the conditional share plan.

“The vesting of the awards was subject to the satisfaction of the performance conditions, where applicable,” Remgro said.

It also adhered to the employment conditions as determined by Remgro’s remuneration and nomination committee.

The company explained that the performance conditions consist of achieving certain financial measures.

These include growth in intrinsic net asset value, growth in free cash flow at the centre, and environmental, social, and governance measures.

Remgro CEO Jannie Durand sold three tranches of shares, which amounted to R33.6 million. This was the most for any executive.

Remgro CFO Neville Williams sold R6.7 million of his Remgro shares, and Mariza Lubbe sold R4.0 million.

The table below shows all the transactions by the Remgro executive directors, prescribed officers, and the company secretary.