Why Reinet is still not smoking hot
Reinet may have much less puff from British American Tobacco now, but angst over its lack of diversification is high
03 June 2021 - 05:00
The smoke is finally beginning to clear at Reinet, the R90bn international investment vehicle controlled by the Stellenbosch-based Rupert family.
But shareholder frustration may still be smouldering, even though results for the year to end-March showed clear shifts in the investment portfolio. For a start, the tobacco interests are much smaller, and the dividend has been fattened up...
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