Wrap Text
Short-Form Announcement Of The Unaudited Interim Results For The Six Months Ended 31 August 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 UNAUDITED INTERIM RESULTS FOR THE SIX MONTHS ENDED 31
AUGUST 2022
The Board of Directors ("the Board") of the Company is pleased to present the results for the period ended 31
August 2022. Although the performance has seemingly declined for this period, we are delighted of our
partnership with Norsad Finance Limited (“Norsad”) which has rebalanced our capital structure to incorporate
debt.
Furthermore, with the anticipated exits from Genric Insurance Proprietary Limited and Phelang Bonolo
Healthcare Procurement and Management Company Proprietary Limited, the Company will have increased
liquidity.
FINANCIAL OVERVIEW
The key financial indicators reflected in these financial results are:
• Net asset value per share decreased by 1,82% to R14,06 in the current period from R14,32 in the prior
period.
• Net asset value decreased by 1,86% when compared to the prior period, from R926,5 million to R909,2
million.
• Investment income decreased by 83,2% when compared to the prior period, from R101,9 million to R17
million.
• Total income before tax decreased when compared to the prior period, from R91,3 million to R5,4 million
in the current period.
• Total income after tax decreased from R72 million in the prior period to R5,3 million in the current period
• Cash and cash equivalents increased by 180% from R15 million to R42 million when compared to the
prior period.
Aug-22 Aug-21 Feb-22
Unaudited Unaudited Audited
R R R
Investment Income 17 077 194 101 984 873 58 464 695
Other Income 198 500 181 988 1 872 316
Total expenses (11 883 738) (10 778 330) (17 704 107)
Total income before Tax 5 391 956 91 388 532 64 432 483
Income tax (90 582) (19 247 090) (10 948 303)
Total income after tax 5 301 374 72 141 442 53 484 180
Per share information
Basic earnings per share and headline earnings
per share (cents) 8,2 111,5 82,7
“A” Ordinary dividend per share (cents) - 15 15
Weighted average number of issued shares 64 691 298 64 691 298 64 691 298
Aug-22 Aug-21 Feb-22
Unaudited Unaudited Audited
R R R
Net Asset Value 909 257 918 926 513 805 903 956 544
Cash and cash equivalents 42 206 217 15 357 453 7 763 716
Number of shares in issue 64 691 298 64 691 298 64 691 298
Net asset value per share (cents) 1 405,5 1 432,2 1 397,3
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 25 November 2022 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/2022/jse/isse/RHBE/Half2022.pdf
The full announcement can be requested from the company secretary via an email (ragni@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
Dion Mhlaba
CFO
Johannesburg
25 November 2022
Registered Office Transfer Secretaries
1st floor Unit 12, 1 Melrose Boulevard Computershare Investor Services Proprietary Limited
Melrose Arch, Johannesburg, 2191
South Africa
Sponsor
Directors South Africa
Q Zunga (Chief executive officer) Deloitte & Touche Sponsor Services Proprietary
KD Mhlaba (Chief financial officer) Limited.
VP Nomvalo (Executive director)
C Clarke (Executive director) Rwanda
S Moraba (Lead independent non-executive Director) Faida Securities Rwanda Limited
Dr. KR Ntshwana (Independent non-executive
Director) Auditors
JR Oliphant (Non-executive chairman) Mazars
Dr. PD Sekete (Non-executive Director) 54 Glenhove road
B Segooa (Independent non-executive Director) Melrose Estate
L Maseko (Independent non-executive Director) Johannesburg
Gauteng
Company Secretary 2196
Corporate Vision Consulting Proprietary Limited
Date: 25-11-2022 04:30:00
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