Reinet Investments chairman Johann Rupert has derisked the portfolio of investment company Reinet Investments through the current period of geopolitical and economic uncertainty.
The net asset value of Reinet Investment Manager, the investment company chaired and mostly owned by well-known South African businessman Johann Rupert, fell 4.5% to €6.6 billion (R125.51bn) in the year to end March 31, 2026, as it derisked.
Since March 2009, however, the Luxembourg-based company’s net asset value reflects a compound growth rate of 8.3% per year in euro terms. Net asset value per share at March 31, 2026, came to €36.31 versus €38.04 at the same time last year.
Rupert said that over the last 18 months, Reinet, which is listed on the JSE, Luxembourg and in Amsterdam, has significantly de-risked its portfolio with the sale of two of its major investments, materially reducing portfolio concentration and increasing liquidity (over 80% of portfolio value is now in cash).
On the JSE, the share price plunged 9,64% to R520,00 on Wednesday morning, although the price was up from R479,00 a year ago. In rand terms at Wednesday’s exchange rates, Reinet’s net asset value per share was R690,62.
