Australian bushfires and load-shedding hit RMI
Spending on initiatives at Discovery and Outsurance also weighed on the group in its half-year to end-December
12 March 2020 - 13:05
Rand Merchant Investment Holdings (RMI), which owns Outsurance and has stakes in Discovery and MMI, said the recent Australian bushfires weighed on its half-year profits to end-December.
The group, headed by CEO Herman Bosman and chair Jannie Durand, reported an 8% fall in group profit to R1.847bn, with its Australian subsidiary Youi Insurance expecting a net estimated loss of R206m...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.