Wrap Text
Condensed Unaudited Interim Results For The Six Months Ended 31 August 2021
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 CONDENSED UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS
ENDED 31 AUGUST 2021
The Board of Directors ("the Board") of the Company is pleased to present the results for the period ended 31
August 2021.
FINANCIAL OVERVIEW
The key financial indicators reflected in these financial results are:
• Net asset value per share increased by 11,43%, to R14,32 in the current period from R12,85 in the
prior period.
• Net asset value increased by 22,43% when compared to the prior period, from of R756,7 million to
R926,5 million.
• Earnings per share and headline earnings per share have decreased by 12,23% from R1,39 to R1,12.
• Investment income decreased by 11,23% when compared to the prior period, from R114,8 million to
R101,9 million.
• Total income before tax decreased by 11,35% when compared to the prior period, from R103 million to
R91,3 million in the current period.
• Total income after tax decreased by 11,11% from R81 million in the prior period to R72 million in current
period.
• A maiden dividend of R9,7 million (calculated at 15 cents per share) was declared for Class “A” Ordinary
shares on the 26 May 2021 with a dividend per share of 15 cents and the date of payment was 26 July
2021.
• The Board approved a gross dividend of R3,9 million in relation to the unlisted 1 “B” Class Share. The
“B” Class Share dividend was declared on the 26 November 2021. The B share has been issued to the
company’s investment management company RH Bophelo Management Company (ManCo) and its
dividend represents a reward for management services provided to RH Bophelo. The dividend is
calculated using a formula that accounts for the cumulative growth in the net asset value of RH Bophelo.
RH Bophelo Limited’s tax refence number is 9729/758/160. The dividend is exempt from dividend
withholding tax.
Aug-21 Aug-20 Feb-21
Unaudited Reviewed Audited
R R R
Investment income 101 984 873 114 859 350 188 834 745
Other income 181 988 138 000 430 411
Total expenses (10 778 330) (11 925 752) (22 747 356)
Total income before tax 91 388 531 103 071 598 166 517 800
Income tax (19 247 090) (21 942 494) (35 300 586)
Total income after tax 72 141 441 81 129 104 131 217 214
Per share information
Basic and headline earning per share (R) 1,12 1,39 2,18
“A” Ordinary dividend per share (R) 0,15 - -
Weighted average number of issued shares 64 699 423 58 453 660 60 316 801
Aug-21 Aug-20 Feb-21
Unaudited Reviewed Audited
R R R
Net asset value 926 513 805 756 697 948 864 076 058
Cash and cash equivalents 15 357 453 44 164 704 34 699 084
Number of shares in issue 64 699 423 58 875 000 64 699 423
Net asset value per share (R) 14,32 12,85 13,36
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 and published on the Company’s website
(https://www.rhbophelo.co.za/investment/sens-announcements) on 26 November 2021 and does not contain
full or complete details.
Any investment decisions by investors and/or shareholders should be based on consideration of the full
announcement available on the Company’s website and SENS. The full announcement can be accessed using
the following links:
• Company website (https://www.rhbophelo.co.za/investment/investors).
• JSE Link: https://senspdf.jse.co.za/documents/2021/jse/isse/RHBE/Half2021.pdf
The full announcement can also be requested from the Company Secretary via an email (cosec@corporate-
vision.co.za) and it’s also available for inspection at the Company’s registered office.
On behalf of the Board
Quinton Zunga
CEO
Katekani Dion Mhlaba CA (SA)
CFO
Johannesburg
26 November 2021
Registered Office Transfer Secretaries
1st Floor Unit 12, 1 Melrose Boulevard Computershare Investor Services Proprietary Limited
Melrose Arch, Johannesburg, 2191 (Registration number 2004/003647/07)
South Africa Rosebank Towers,
15 Biermann Ave, Rosebank,
Directors Johannesburg, 2196
Q Zunga (Chief Executive Officer) South Africa
KD Mhlaba (Chief Financial Officer)
VP Nomvalo (Executive Director) Sponsor South Africa
CW Clarke (Executive Director) Deloitte & Touche Sponsor Services Proprietary
Dr. SG Motuba (Lead Independent Non-Executive Limited
Director) (Registration number 1996/000034/07)
Dr. KR Ntshwana (Independent Non-Executive Deloitte & Touche
Director) 5 Magwa Crescent
JR Oliphant (Non-Executive Chairman) Waterfall City
Dr. PD Sekete (Non-Executive Director) Johannesburg, Gauteng
DM Lerutla (Independent Non-executive Director) 2090
B Segooa (Independent Non-Executive Director) South Africa
LR Maseko (Independent Non-Executive Director)
Sponsor Rwanda
Company Secretary FAIDA Securities Rwanda Limited
Corporate Vision Consulting Proprietary Limited Faida Securities Rwanda Limited
Registration number: (2015/006536/07) (Registration number 101856301)
Cedar Office Estate, Building 3 Centenary House,
Stinkwood Close, Cedar Road 4th-Floor
Fourways 124
Johannesburg, 2191 Kigali
Rwanda
Auditors
Mazars South Africa
54 Glenhove road
Melrose Estate
Johannesburg
Gauteng
2196
Date: 26-11-2021 04:33:00
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