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Integrated Annual Report 2019 2019 INTEGRATED ANNUAL REPORT Worldreginfo - Fe9ca6a0-3330-442E-A99f-Ebe086198619 Website At
Remgro Limited | Integrated Annual Report 2019 2019 INTEGRATED ANNUAL REPORT WorldReginfo - fe9ca6a0-3330-442e-a99f-ebe086198619 CREATING SHAREHOLDER VALUE SINCE 1948 Originally established in the 1940s by the late Dr Anton Rupert, Remgro’s investment portfolio has evolved substantially and currently includes more than 30 investee companies. MORE INFORMATION This Integrated Annual Report is published as part of a set of reports in respect of the financial year ended 30 June 2019, all of which are available on the Company’s website at www.remgro.com. INVESTOR TOOLS Cross-reference to relevant sections within this report Download from our website: www.remgro.com View more information on our website: www.remgro.com WorldReginfo - fe9ca6a0-3330-442e-a99f-ebe086198619 CONTENTS www.remgro.com | Remgro Limited | Integrated Annual Report 2019 1 OVERVIEW 1OF BUSINESS 4 REMGRO’S APPROACH TO REPORTING 7 SALIENT FEATURES 8 GROUP PROFILE REPORTS TO 10 COMPANY HISTORY SHAREHOLDERS 12 OUR BUSINESS MODEL 2 24 CHAIRMAN’S REPORT 14 UNDERSTANDING THE BUSINESS OF AN INVESTMENT HOLDING COMPANY 25 CHIEF EXECUTIVE OFFICER’S REPORT 16 KEY OBJECTIVES AND 32 CHIEF FINANCIAL OFFICER’S REPORT PRINCIPAL INTEGRATED RISKS 40 INVESTMENT REVIEWS 18 DIRECTORATE AND MEMBERS OF COMMITTEES 20 EXECUTIVE MANAGEMENT STRUCTURE 21 SHAREHOLDERS’ DIARY AND COMPANY INFORMATION FINANCIAL 4 REPORT 118 AUDIT AND RISK COMMITTEE REPORT GOVERNANCE AND 121 REPORT OF THE BOARD OF DIRECTORS SUSTAINABILITY 126 REPORT OF THE INDEPENDENT AUDITOR 3 127 SUMMARY FINANCIAL STATEMENTS 66 CORPORATE GOVERNANCE REPORT 79 RISK AND OPPORTUNITIES MANAGEMENT REPORT 86 REMUNERATION REPORT 104 SOCIAL AND ETHICS COMMITTEE REPORT 106 ABRIDGED SUSTAINABLE DEVELOPMENT REPORT ADDITIONAL 5 INFORMATION 146 FIVE-YEAR REVIEW AND SHARE STATISTICS 148 SHAREHOLDERS’ INFORMATION 151 NOTICE TO SHAREHOLDERS ATTACHED FORM OF PROXY WorldReginfo - fe9ca6a0-3330-442e-a99f-ebe086198619 Remgro invests in businesses that can deliver superior earnings, cash flow generation and dividends over the long term. -
Investment Reviews Investing in Sectors That Have a Solid Track Record
The purpose behind Remgro’s investments is to ensure superior returns to shareholders by way of sustainable dividend and capital growth. INVESTMENT INVESTMENT REVIEWS INVESTING IN SECTORS THAT HAVE A SOLID TRACK RECORD BANKING HEALTHCARE CONSUMER PRODUCTS INSURANCE INDUSTRIAL INFRASTRUCTURE MEDIA AND SPORT OTHER INVESTMENTS 42 REPORTS TO SHAREHOLDERS | Investment reviews BANKING 29% CONTRIBUTION TO 30 June 2019 30 June 2018 HEADLINE EARNINGS R million R million BANKING 2019 RMH 2 644 2 486 FirstRand 1 093 1 039 71% 3 737 3 525 RMH FirstRand PROFILE RMH is the biggest shareholder in FirstRand Limited (FirstRand), South Africa’s 28.2% largest banking group, with a 34% stake. RMH is the founding shareholder of EFFECTIVE FirstRand and views this as its core asset. On a selective basis, RMH invests in INTEREST other banking and property businesses. CORPORATE INFORMATION FINANCIAL HIGHLIGHTS SUSTAINABILITY MEASURES Market cap at 30 June 2019 Year ended Refer to FirstRand as RMH is an R119 148 million 30 June 2019 investment holding company. R million % Listed on the JSE Limited Chief Executive Officer Headline earnings 9 390 6 H L Bosman Normalised Remgro nominated directors earnings 9 394 7 J J Durand, F Knoetze (alternate) Dividends Website declared per rmh-online.co.za share (cents) 376 7 RMB HOLDINGS LIMITED (RMH) RMH’s main asset is a fully diluted interest of 34% in FirstRand, and its performance is therefore primarily related to that of FirstRand. The RMH strategy also includes investments in the property sector with a long-term capital growth focus. RMH’s contribution to Remgro’s headline earnings for the year under review increased to R2 644 million (2018: R2 486 million) due to the good operational performance of FirstRand. -
Annual Report June 2020
INTEGRATED ANNUAL REPORT 2020 Originally established in the 1940s by the late Dr Anton Rupert, REMGRO AIMS TO BE THE TRUSTED INVESTMENT COMPANY OF CHOICE THAT CONSISTENTLY CREATES SUSTAINABLE STAKEHOLDER VALUE. The hexagonal theme used in this year’s Integrated Annual Report draws inspiration from the hexagonal honeycomb structure that bees use to build one of the most effective and durable structures in nature. This shape represents the multi-dimensionality of our business and our people that work together in an organic way to bring forth prosperity to all our stakeholders. INVESTOR TOOLS Cross-reference to relevant sections Download from our website: View more information on our website: within this report www.remgro.com www.remgro.com Contents OVERVIEW OF REPORTS TO 01 BUSINESS 02 SHAREHOLDERS 3 Remgro’s approach to reporting 23 Chairman’s Report 6 Salient features 25 Chief Executive Officer’s Report 8 Group profile 30 Chief Financial Officer’s Report 10 Company history 38 Investment reviews 12 Our business model 14 Understanding the business of Remgro 16 Key objectives and principal integrated risks 18 Directorate and members of committees 20 Executive management structure 21 Shareholders’ diary and Company information GOVERNANCE AND FINANCIAL 03 SUSTAINABILITY 04 REPORT 65 Corporate Governance Report 116 Audit and Risk Committee Report 77 Risk and Opportunities Management Report 119 Report of the Board of Directors 84 Remuneration Report 125 Report of the Independent Auditor 103 Social and Ethics Committee Report 126 Summary financial statements 105 Abridged Sustainable Development Report ADDITIONAL 05 INFORMATION 142 Five-year review and share statistics 144 Shareholders’ information 147 Notice to shareholders Attached Form of proxy Integrated Annual Report 2020 1 OVERVIEW OF 01 BUSINESS REMGRO INVESTS IN BUSINESSES THAT CAN DELIVER SUPERIOR EARNINGS, CASH FLOW GENERATION AND DIVIDENDS OVER THE LONG TERM. -
Dstv Tv Guide Premium
Dstv tv guide premium Continue Get a digital version of your Dstv Premium Magazine here. Past Download Problems... Download... Today on ACTION Choose another channel ... SABC 1 SABC 2 SABC 3 eTV DBE TV (NEW) eTV News - Sports eReality eExtra eMovies eMovies Extra eToonz' Glow TV Star Life Thinking Rewind Fight Sport 1 KNK Bay TV Cape Town TV Soweto TV Al Jazeera BBC World News SABC News Sky News E News Channel Africa Discovery Channel National Geographic Comedy Central M-Net Mzansi Magic Studio Universal Telemundo kykNET SuperSport 1 SuperSport 2 SuperSport 3 SuperSport 4 SuperSport 5 SuperSport 6 SuperSport 7 SuperSport 8 SuperSport 9 SuperSport 10 Join the new myDorpie channel on Telegram Messenger HERE. Today is Svyad Thu Fri Sat Sun Mon Tuesday, 13 October 2020 On DSTV #210 00:00 UFC Main Event: Holloway v Edgar00:40 UFC Ultimate Knockouts00:50 UFC Main Event: Silva v Sonnen01:10 BOX HL 20/21: Thiesse V Allen01:40 UFC Ultimate Knockouts02:10 BOX HL 20/21: Thysse v Allen02:15 UFC Fight Night HL Moraes v Sandhagen02:20 EFC Premium Fights03:15 EFC Premium Fights04:1 0 EFC Premium Fights CLICK AD FOR MORE INFO FOR MORE INFO 05:05 EFC Premium Fights06:00 BOX 20/21: Thiesse v Allen08:30 BOX '20: Charlo v Derevyanchenko111:00 BOX '20: Charlo v Rosario13:30 UFC Fight Night: Moraes v Sandhagen16:30 EFC Premium Fights17:25 EFC Premium Fights18:20 EFC Premium Fights19:15 EFC Premium Fights20:10 BOX '20 : Charlo v Derevyanchenko22:40 BOX '20: Charlo v Rosario See also movies showing in movie webcams across South Africa Share this page on Whatsapp Share this page on Facebook Share this page on Twitter Blacknode LLCEntertainmentUSK: All agesWhen you buy this app, we will send you 3 months of continuous access to IP AND TV Request for trial 24H by email: [email protected], Whatsapp No233570641434, Telegram: t.me/C2EXEG4, we usually respond within 24 hours. -
Communications
COMMUNICATIONS Communications 33 COMMUNICATIONS The Department of Communications (DoC) was fully focused on consolidating the transformation of the information and communication technology (ICT) sector while extending ICT services to all South Africans. In May 2013, the combined new institution which brings together the Institute for Satellite and Software applications, the former eSkills Institute and National Electronic Media Institute of South Africa (Nemisa) as one body was launched. The National ICT Forum was to be launched in early 2014. It is estimated that the ICT industry in South Africa contrib- utes about 7% to the national gross domestic product. The DoC prioritised three flagship programmes that are at the core of building a digital information and knowledge society. This includes the acceleration of building a modern digital infrastructure, as well as the policy reforms that position the country for an advanced knowledge economy by 2030. These programmes are: • developing a national integrated ICT policy • rolling out a national broadband network • implementing the digital broadcasting migration policy. The mobile revolution has brought many benefits of the mod- ern ICT industry to billions of people. The next crucial step is to replicate the mobile miracle for broadband by ensuring access to cheaper, faster, better quality broadband. Role players The public entities and state-owned enterprises that report to the Minister of Communications are: the Independent Communications Authority of South Africa (Icasa), the South African Post Office (Sapo), Sentech, the South African Broadcasting Corporation (SABC), the National Electronic Media Institute of South Africa (Nemisa), the Universal Service and Access Agency of South Africa (Usaasa), and the .za Domain Name Authority (.zaDNA). -
Long-Running Daily Local Dramas Scandal and Rhythm City Continue to Deliver Steady Ratings
Long-running daily local dramas Scandal and Rhythm City continue to deliver steady ratings. e.tv e.tv is South Africa’s first and only independent free-to-air commercial television channel. Since its launch in 1998, e.tv has established itself through a strong entertainment and current affairs programme offering which has captivated South African audiences. The channel has consistently exceeded its local production licence obligations of 45% and has become well-known for its range of international content, establishing international blockbuster movie and series slots. Advertising revenue showed a healthy increase for the financial year reflecting this growth. Long-running daily local dramas Scandal! and Rhythm City continue to deliver steady ratings. Our continued investment in the local television production industry saw the production of new shows including The Alliance and The Kingdom – Ukhakhayi, as The early prime well as new seasons of popular and acclaimed series like Heist, Gold Diggers and Z’bondiwe during the fiscal year. time block The early prime time block (17h30 to 18h30) has seen a significant (17h30 to 18h30) year-on-year increase in audience numbers. All adults increased by has seen a significant 45.01% with LSM* 8-10 increasing by 99.46%. year-on-year increase in In a strategic move to appeal to viewers in LSM* 6 and above, local programming between 20h30 and 21h30 was replaced with audience numbers. All international dramas like The Blacklist, The Fixer and Devious Maids. This resulted in a decline in lower income viewers of 11.35% adults increased in the Monday to Wednesday 20h00 to 21h30 slot, but saw an by 45.01% increase in higher income viewers of 13.40%. -
Integrated Annual Report 2019
INTEGRATED ANNUAL REPORT 2019 2Group at a glance 3 About this report 4 Who we are 5 Our companies 6 Financial highlights 8 Directors’ profile 10 Chief executive officer’s report 13 Company reports 13 e.tv 13 e.tv multi-channel and OpenView 14 eSat.tv 15 Shareholder snapshot 17 Directors’ interest in shares 18 Corporate governance 19 Corporate governance report 23 King lV application register 28 Report of the audit and risk committee 32 Report of the remuneration committee 35 Report of the social and ethics committee 36 Sustainability report 36 Environmental 38 Transformation 40 Human relations 42 Corporate social responsibility Summarised annual 44 financial results 45 Directors’ report 48 Declaration by the company secretary 49 Summarised audited consolidated financial results 55 Notes to the summarised audited consolidated results 58 Notice of annual general meeting Attached Form of proxy ontents Attached Notes to form of proxy 67 Corporate information C eMedia Holdings integrated annual report 2019 1 GROUP AT A GLANCE 2 eMedia Holdings integrated annual report 2019 eMedia Holdings Limited (eMedia Holdings) Listings Requirements and the guidance provided presents this integrated annual report for the year in the Integrated Reporting Committee of South ended 31 March 2019. This report aims to provide Africa’s Framework for Integrated Reporting stakeholders with a comprehensive overview of the and the Integrated Reporting Discussion Paper group, highlighting its financial performance and its (Framework) 2013. social, environmental and economic impact during this period. Assurance As eMedia Holdings is a Johannesburg Stock The annual financial statements included in this Exchange (JSE) listed company, the board of report have been audited by independent auditors, directors and management prescribe to the BDO South Africa Incorporated. -
Investment Reviews
INVESTMENT REVIEWS THE PURPOSE BEHIND REMGRO’S INVESTMENTS IS TO ENSURE SUPERIOR RETURNS TO SHAREHOLDERS BY WAY OF SUSTAINABLE DIVIDEND AND CAPITAL GROWTH. 38 Remgro Limited REPORTS TO SHAREHOLDERS | INVESTMENT REVIEWS INVESTING IN SECTORS THAT HAVE A SOLID TRACK RECORD FINANCIAL CONSUMER HEALTHCARE SERVICES PRODUCTS MEDIA OTHER INDUSTRIAL INFRASTRUCTURE AND SPORT INVESTMENTS Integrated Annual Report 2020 39 FINANCIAL SERVICES CONTRIBUTION TO 30 June 2020 30 June 2019 HEADLINE EARNINGS R million R million 48% RMI 599 1 161 RMI FirstRand 657 1 093 2020 1 256 2 254 52% FirstRand PROFILE: RMI is an investment holding company with an investment team of experienced, alternative-thinking financial services specialists. RMI actively partners smart and industry-changing management teams by being a shareholder Effective of influence. interest 30.6% CORPORATE INFORMATION FINANCIAL HIGHLIGHTS SUSTAINABILITY MEASURES Market cap at 30 June 2020 Year ended RMI is an investment holding R44 729 million 30 June 2020 company. Refer to the websites of R million % major underlying investments. Listed on the JSE Limited www.discovery.co.za Income 16 486 3.8 www.momentummetropolitan.com Chief Executive Officer Headline earnings 1 956 (48.5) www.outsurance.co.za H L Bosman Normalised Remgro nominated directors headline J J Durand, F Knoetze (alternate) earnings 3 086 (24.4) Website www.rmih.co.za RAND MERCHANT INVESTMENT HOLDINGS administration and employee benefits. OUTsurance provides LIMITED (RMI) short- and long-term insurance products in South Africa and short-term insurance products in Australia and Namibia. RMI RMI’s contribution to Remgro’s headline earnings decreased by Investment Managers’ affiliate model enables the company 48.4% to R599 million (2019: R1 161 million). -
Company Reports
e.tv e.tv, South Africa’s only independent free-to-air entertainment and current affairs television channel, is well-known for its strong local and international programming. Despite its share of the broadcast audience remaining under signifi cant pressure throughout the year, e.tv has seen a year-on- year increase in many areas of its programming line-up. The early international prime-time block, weekdays from 17h00-18h00, increased year-on-year across all target markets by 6.5%. Local daily dramas Scandal! and Rhythm City are still the top performing programmes on the channel and continue to build audiences. Rhythm City (weekdays at 19h00) increased its audience share against all adults by 3%. Similarly, Scandal! (weekdays at 19h30) increased its audience share against all adults by 5%. The key e.tv weekend movie slots are increasingly coming under pressure due to counter-scheduling. The Sunday slot faces strong competition from local productions on other channels. The free-to-air audience’s appetite for local drama necessitated a signifi cant investment in a new local production during this fi nancial year. In December 2017, e.tv commissioned a daily drama series, Imbewu: The Seed. The series is set and produced in KwaZulu- Natal, contributing to the development of the television industry in the province and creating jobs in the sector. Imbewu: The Seed started airing on e.tv in April 2018 (weekdays at 21h30). The early international prime-time block increased year-on-year across all target markets by 6.5%. 10 eMedia Holdings Integrated Annual Report 2018 e.tv MULTI-CHANNEL AND OPENVIEW In October 2013, e.tv launched its multi-channel offering on Platco Digital’s free-to-air satellite television platform Openview. -
Openview Hd Channels Tv Guide
Openview hd channels tv guide Continue Today on eMovies HD Choose another channel ... SABC 1 SABC 2 SABC 3 eTV DBE TV (NEW) eTV News - Sports eReality eExtra eMovies eMovies Extra eToonz' Glow TV Star Life Thinking Rewind Fight Sport 1 KNK Bay TV Cape Town TV Soweto TV Al Jazeera BBC World News SABC News Sky News E News Channel Africa Discovery Channel National Geographic Comedy Central M-Net Mzansi Magic Studio Universal Telemundo kykNET SuperSport 1 SuperSport 2 SuperSport 3 SuperSport 4 SuperSport 5 SuperSport 6 SuperSport 7 SuperSport 8 SuperSport 9 SuperSport 10 Join the new myDorpie channel on Telegram Messenger HERE. Today Thurs Sat Sun Mon Et Wednesday, 14 October 2020 On DSTV #138 00:40 Celebrity Scoop01:10 Deadly Defense02:45 Let's Rap04:30 Movies and Stars05:00 Prince and Beggar06:40 Wish Came To Be08:10 Celebrity Scoop08:35 20pm Groomzilla CLICK AD FOR MORE INFO CLICK AD FOR MORE INFO 11:35 Movies and stars12:00 a day late and dollar short13:30 Date Night15:00 Air Bud: Golden Receiver16:35 Jimmy's Pienk18:20 Pearl in Paradise20:00 One day after the crime21:40 Surveillance23:25 K Watch Live webcams across South Africa Share this page on Whatsapp Share this page on Facebook Share this page on Twitter TV Guide - South Africa Select your feed from the fall list below. Alternatively, you can search for the channel's name, DSTV channel number or keywords. Choose a channel... SABC 1 SABC 2 SABC 3 eTV DBE TV eReality eExtra eMovies Additional eTV News eTV - Sports eToonz' Glow TV Star Life Mindset Rewind Fight Sport 1 KN Bay TV Cape town TV Soweto TV Tshwane TV Al Jazeera BBC World News SABC News Sky News eNews Channel NET SuperSport 1 SuperSport 2 SuperSport 3 SuperSport 4 SuperSport 5 SuperSport 6 SuperSport 7 SuperSport 8 SuperSport 9 SuperSport 10 Latest episodes CLICK AD FOR MORE INFO See also movies showing in movie webcams across South Africa Share this page on Whatsapp Share this page on Facebook Share this page on Twitter My screen guide shows no data. -
Relaunch of BRC TAMS Slides
BRC TAMS UPDATE OCTOBER 2017 UNIVERSE UPDATES (from the ES) ES SURVEY 60 000 000 ES SURVEY 50 513 686 50 492 030 50 481 148 51 051 539 44 300 000 45 000 000 44 100 000 50 000 000 45 062 117 40 000 000 30 000 000 20 000 000 13 400 000 13 700 000 13 996 400 14 006 143 10 000 000 0 April September June October 2017 +0.99M HOUSEHOLDS INDIVIDUALS HOUSEHOLDS INDIVIDUALS SA POPULATION FACTS FROM THE ES P7D TV VIEWERS DEMOGRAPHIC LANDSCAPE… BLACK WHITE COLOURED INDIAN 79% 9% 9% 3% 37.1 million ADULTS 15 YEARS+ AGE % HOME LANGUAGE % 7 15 - 24 Zulu 26 24 Xhosa 16 15 25 - 34 Afrikaans 12 English 10 35 - 49 Sepedi 9 Sesotho 9 25 50 - 64 28 Setswana 8 65 + 52% 48% Tsonga 4 Swati 2 Venda 2 Ndebele 1 5 P7D TV VIEWERS GEOGRAPHIC LANDSCAPE… PROVINCE % and population figures 26% (9.6m) 42% 10% (3.6m) METRO LP 6% (2.4m) 7% (2.8m) NW GP MP 28% 5% (1.9m) URBAN FS KZN NC 2% (0.8m) 19% (7.1m) 30% EC 13% (4.7m) RURAL WC 11% (4.2m) FREE TO AIR VIEWERS DEMOGRAPHIC LANDSCAPE… BLACK WHITE COLOURED INDIAN 86% 3% 10% 1% 18.1 million ADULTS 15 YEARS+ 52% 48% AGE % HOME LANGUAGE % Zulu 15 - 24 28 8 Xhosa 19 26 MONTHLY 15 25 - 34 Afrikaans 10 HOUSEHOLD INCOME Setswana 10 35 - 49 AVERAGE: R5,971 Sesotho 9 Sepedi 9 24 50 - 64 English 5 28 65 + Tsonga 4 Swati 2 R Venda 2 Ndebele 1 7 PAY TV SUBSCRIBERS DEMOGRAPHIC LANDSCAPE… BLACK WHITE COLOURED INDIAN 70% 17% 9% 4% 15.4 million ADULTS 15 YEARS+ 51% 49% AGE % HOME LANGUAGE % Zulu 24 7 15 - 24 23 MONTHLY English 17 16 25 - 34 Afrikaans 15 HOUSEHOLD INCOME Sepedi 10 35 - 49 AVERAGE: R16,882 Xhosa 9 Sesotho 9 50 - 64 27 27