Prudent Reinet is optimistic as key regions show upturn
Johann Rupert says investment company aims to maintain long-term strategy in climate of global uncertainty
Reinet, the R88bn investment company headed by tycoon Johann Rupert, is not spooked by prevailing jittery market sentiment and will continue to make selected investments in the financial year ahead. Writing in the annual report, Rupert noted that there had been considerable upheaval in the global political environment in the past 12 months, introducing further elements of uncertainty. But he said the overall economic situation in the US, Europe and Asia seemed to be improving. "Together with our partners, we see opportunities in the markets that we invest in and Reinet will continue to invest for the long term, maintaining a prudent approach." The company’s recent investment forays have included increasing its exposure to UK-based financial services specialist Pension Insurance Corporation (PensCorp) as well as smaller tilts at SPDR Gold shares and Selecta Biosciences. Reinet’s biggest investment is a holding of 68-million shares in British American Tobacco (BAT), which accounted fo...
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