Rupert dynasty ends 80-year history with tobacco
Reinet Investments announces complete exit from British American Tobacco
14 January 2025 - 08:03
UPDATED 14 January 2025 - 17:39
In a historic move marking the end of a nearly 80-year relationship with the tobacco industry, Johann Rupert’s Reinet Investments announced its complete exit from British American Tobacco (BAT).
In reaction, Reinet shares soared on Tuesday, rising 8.75% at R459.43, making it one of the top-performing stocks and valuing it at about R90bn...
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