Here's how much Johann Rupert's Remgro makes from each of its companies

Unreal

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All these total to R2 billion. Then what the hell did we do with the R500 billion?
 

CorneliusCenturion

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It is not his money, it is a companies money. Can people get their heads around the concept of separate legal entities? A share-holder has no claim on the money of a company he has shares in. The only money shareholders get from the company is a dividend payment but companies can choose not to pay one. Certain companies have never paid a dividend, like Microsoft for example God what a shyte post
 

neoprema

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Its just gonna make people racist and claim he's getting "billions" and he's white. When in fact, although wealthy, he can't tap into much of this money. There's shareholders, governance and much more in place as CorneliusCenturion above said.
 

TheChamp

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Its just gonna make people racist and claim he's getting "billions" and he's white. When in fact, although wealthy, he can't tap into much of this money. There's shareholders, governance and much more in place as CorneliusCenturion above said.
You'd probably get much of the racism from the forum if it was a black billionaire who's the subject of the thread.
 

Fulcrum29

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An article like this must give Marxist people heart attacks.

The article does highlight pure capitalism, note that the groups own products which actively competes against each other in the market. Foundational building stones. This is how you win market share.
 

RedViking

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It is not his money, it is a companies money. Can people get their heads around the concept of separate legal entities? A share-holder has no claim on the money of a company he has shares in. The only money shareholders get from the company is a dividend payment but companies can choose not to pay one. Certain companies have never paid a dividend, like Microsoft for example God what a shyte post
I guess that is why it says

Here's how much Johann Rupert's Remgro makes from each of its companies.


So emotional... and poor.
 

CorneliusCenturion

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I mean Rupert may have a controlling share in that company but it really is not more his company than any of the other thousands of other people or institutions that have shares in his company. I guess that at a fundamental level you are the owner of the companies you are a shareholder in, but except for once a year where you can cast a vote at the AGM you have no control over the operations of the company.
 

netcruiser

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I mean Rupert may have a controlling share in that company but it really is not more his company than any of the other thousands of other people or institutions that have shares in his company. I guess that at a fundamental level you are the owner of the companies you are a shareholder in, but except for once a year where you can cast a vote at the AGM you have no control over the operations of the company.

From the article:

"Johann Rupert continues to serve as chairman of the company."

So no, he doesn't just cast a vote at the AGM. And yes, he literally control the operations of the company.

lol.
 

Pegasus

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It is not his money, it is a companies money. Can people get their heads around the concept of separate legal entities? A share-holder has no claim on the money of a company he has shares in. The only money shareholders get from the company is a dividend payment but companies can choose not to pay one. Certain companies have never paid a dividend, like Microsoft for example God what a shyte post
 

CorneliusCenturion

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From the article:

"Johann Rupert continues to serve as chairman of the company."

So no, he doesn't just cast a vote at the AGM. And yes, he literally control the operations of the company.

lol.
the chairman is the head of the board of directors. They protect the interest of the shareholders. He is also the person who oversees the recruitment of the CEO. The board of directors usually convene on a quarterly basis, they are not concerned with the day-to-day operations of the company.

My point stands
 

jambai

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Remgro is basically a good unit/ investment trust on South Africa for the Rupert family . His real wealth is in richemont and other interests overseas . If you could only buy one share that has good defensive sa business it would be remgro . Growth most likely to come from telecoms assets . Rest are pretty mature but dominant businesses ..can’t fault Johan Rupert as a business man and what he has done for sa . The eff might critise him but shows they don’t know what they talking about and why africa is poor ( not enough Johan Ruperts and the environment and market don’t allow it )
 

Gatecrasher

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Haha. Remgro is a baby compared to Richemont. You know, Cartier, MontBlanc.

 
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