Remgro is hoping for the best but has planned for the worst, says Neville Williams, chief financial officer of the Stellenbosch-based investment company controlled by Johann Rupert. The worst-case election scenario is "not an outright majority for the ANC, with political instability going forward and the EFF as a political kingmaker", says Williams. "We have to hope for a turnaround but we are ready for a worst-case scenario." Remgro, one of SA's top-performing investment companies, has ensured that its companies are resilient enough to be profitable whatever happens. "You make sure your underlying companies will survive in a worst-case scenario. That's what we've been doing for the past three years, and we're comfortable with the strength of the balance sheets in these companies." Remgro has R17bn on its balance sheet, he says. "That's our dry powder, our war chest. "We don't want to see a worst-case scenario, but if it happens there will be opportunities. And we are poised to capi...
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