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Summary Abridged Results For The Year Ended 28 February 2022
RH BOPHELO LIMITED
Incorporated in the Republic of South Africa
(Registration number: 2016/533398/06)
JSE & RSE share code: RHB, ISIN: ZAE000244737
(“RHB” or “the Company”)
SHORT-FORM ANNOUNCEMENT OF THE SUMMARISED YEAR END RESULTS FOR THE YEAR ENDED 28 FEBRUARY
2022
INTRODUCTION
The Board of Directors ("the Board") of the Company is pleased to present the results for the year ended 28 February
2022.
The key financial indicators reflected in these financial results are:
• Net asset value increased by 5% year on year, from a balance of R864 million to R904 million;
• Total investment income decreased by 54% year on year, from R189 million to R88 million;
• Dividend income increased by 71% year on year, from R7 million to R24 million;
• Total income before tax decreased by 62% year on year, from R167 million to R64 million;
• Total income after tax decreased by 60% year on year, from R131 million to R53 million;
• Basic earnings and diluted earnings per share decreased by 62%, to 82,7 cents per share (2021: 217,5 cents per
share);
• Headline and diluted headline earnings per share decreased by 62%, to 82,7 cents per share (2021: 217,5 cents per
share);
• Net asset value per share increased by 5%, to 1 397,3 cents per share (2021: 1 335,6 cents per share);
• The Company declared a gross maiden dividend on “A” ordinary shares of ZAR 15 cents per “A” share during the
2022 financial period, record date 23 July 2021 and paid on 26 July 2021. The total dividend declared was
R9 703 695 (2021: Nil);
• Another maiden dividend of R3 900 000 was declared, and paid on 25 February 2022 on the “B” class share relating
to a management incentive scheme; and
• No dividends were declared subsequent to year end.
SUMMARISED STATEMENT OF COMPREHENSIVE INCOME FOR THE YEAR ENDED 28 FEBRUARY 2022
Audited Audited
Feb-22 Feb-21
R R
Investment income
Interest income 5 826 678 7 020 714
Dividend income 24 071 536 7 336 107
Gains from financial assets at fair value through profit or
58 464 695 174 477 925
loss
Total investment income 88 362 909 188 834 746
Other income 1 872 316 430 411
Total expenses (25 802 742) (22 747 356)
Total income before tax 64 432 483 166 517 801
Basic earnings and diluted earnings per share (cents) 82,7 217,5
Headline and diluted headline earnings per share (cents) 82,7 217,5
Note: There are no dilutive instruments in issue
Number of ordinary shares in issue 64 691 298 64 691 298
Net asset value per share (cents) 1 397,3 1 335,6
SHORT-FORM NOTICE
This short-form announcement is the responsibility of the Directors of the Company. It is a summary of the full announcement
released on SENS https://senspdf.jse.co.za/documents/2022/jse/isse/RHBE/Year2022.pdf and published on the Company’s
website (https://www.rhbophelo.co.za/investment/sens-announcements) on 10 June 2022 and does not contain full or
complete details.
This announcement is itself not independently reviewed but extracted from independently audited results, on which Mazars
has issued an unmodified audit opinion, which is available on the Company’s website.
Any investment decisions by investors and/or shareholders should be based on consideration of the full announcement and
the audited annual financial statements available on the Company’s website and SENS. The full announcement, the
independent unmodified auditor’s report containing key audit matters and the audited annual financial statements can be
accessed using the following links: Company website (https://www.rhbophelo.co.za/investment/investors).
The full announcement can be requested from the company secretary via an email (cosec@corporate-vision.co.za).
On behalf of the Board
Quinton Zunga
CEO
Dion Mhlaba
CFO
Johannesburg
10 June 2022
Registered Office Transfer Secretaries
Computershare Investor Services Proprietary Limited
1st floor, 1 Melrose
BoulevardMelrose Arch,
Melrose North
Johannesburg, 2076
South Africa JSE Sponsor
Deloitte & Touche Sponsor Services Proprietary Limited
Directors
Q Zunga (Chief executive officer) Rwanda Sponsor
KD Mhlaba (Chief financial officer) FAIDA Securities
VP Nomvalo (Executive director)
C Clarke (Executive director)
Dr. SG Motuba (Lead independent non-executive Director)Dr.
KR Ntshwana (Independent non-executive Director) JR
Oliphant (Non-executive chairman)
Dr. PD Sekete (Non-executive Director)
R Nkadimeng (Independent non-executive Director)
– Resigned 8 March 2021
D Lerutla (Independent non-executive Director)B
Segooa (Independent non-executive Director)
L Maseko (Independent non-executive Director) –
Appointed 17 November 2021
Company Secretary
Corporate Vision Consulting Proprietary Limited
Auditors
Mazars South Africa
Date: 10-06-2022 04:26:00
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