WEALTH WATCH
STEPHEN CRANSTON: The rise and rise of the two Rs
'Under CEO Herman Bosman RMI is not exactly set to become an operating firm, although it has more irons in the fire'
I believe people should save through unit trusts and only occasionally buy shares directly. With hindsight it is easy to see which shares to buy. But sometimes they can be seen ahead of time. One such share was Rand Merchant Investment Holdings (RMI). It was listed in 2011 when it was unbundled from RMB Holdings. One of its attractions is that it is a mini-insurance fund in its own right, holding big chunks of MMI, Discovery and Outsurance. Under CEO Herman Bosman it is not exactly set to become an operating firm, although it has more irons in the fire. RMB and RMI used to have one employee, Peter Cooper, chairman GT Ferreira’s point man in Sandton. Now there are seven professional staff in the main RMI business. One of these is Voyt Krzychylkiewicz. And there are another seven professionals in asset management investor RMI Investment Managers. This has invested in an interesting group of companies, at least one or two of which could be the next Kagiso or Taquanta; they have the pot...
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