Reinet says Covid-19 has wiped off R21bn in net asset value
The group says the effects of the pandemic are still unclear and the current economic downturn may be worse than previous crises
29 May 2020 - 09:18
Johann Rupert’s Reinet Investments said on Friday that Covid-19 had hit its underlying investments to the tune of €1.1bn (about R21bn) in its six months to end-March.
Covid-19 has battered global markets and is weighing on the outlook of the group's two biggest investments, British American Tobacco (BAT) and UK-based financial services company Pension Insurance Corporation (PensCorp)...
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