Richemont joins R1-trillion club
Group’s share price surges 10% to a record R223.93, its biggest rise in a year, after interim results beat expectations
12 November 2021 - 11:32
Richemont, the Swiss luxury goods group controlled by Johann Rupert, crossed the R1-trillion level in market valuation for the first time last week, joining five other stocks on the JSE that have achieved the milestone.
The share price surged 10% to a record R223.93 on Friday, its biggest rise in a year, after releasing better-than-expected interim results. The market gains were equivalent to about R100bn...
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