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Reviewed Condensed Provisional Results For The Year Ended 29 February 2020
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 REVIEWED YEAR END FINANCIAL RESULTS
FOR THE YEAR ENDED 29 FEBRUARY 2020
The Board of Directors ("the Board") of the Company is pleased to present the provisional reviewed results for
the year ended 29 February 2020.
FINANCIAL OVERVIEW
The key financial indicators reflected in these financial results are:
• Net asset value increased by 22% year on year, from a balance of R530 million to R647 million;
• Investment income increased by 156% year on year, from R41 million to R105 million;
• Total income before tax increased by 221% year on year, from R28 million to R90 million;
• Total income after tax increased by 233% year on year, from R21 million to R70 million;
• Basic earnings per share and headline earnings per share increased by 212% year on year;
• Net asset value per share increased by 12%, current year R11,56 compared to prior year R10,34;
• The Company and its investments remain liquid and solvent, with sufficient resources to continue
operating into the foreseeable future; and
• No dividends were declared in the current year period and prior year, as the company is still expanding
its capital base, and taking advantage of opportunities in the healthcare and financial services sector.
Restated*
Feb-20 Feb-19
R R
Total investment income 105 386 661 41 087 136
Other income 1 984 110 230 475
Total expenses (16 912 042) (13 174 556)
Total income before tax 90 458 729 28 143 055
Income tax (20 469 771) (6 982 166)
Total income after tax 69 988 958 21 160 889
Earnings per share (cents)
Basic headline and earnings per share (cents) 131 42
WANOS 53 592 090 50 938 356
Note: There are no dilutive instruments in issue
Net Asset Value 646 608 844 530 119 886
Cash and cash equivalents 120 069 140 373 548 658
Number of shares in issue 55 934 179 51 250 000
Net Asset Value per share (R) 11,56 10,34
Tangible Net Asset Value per share (R) 11,56 10,34
*Prior year amounts have been restated due to a reclassification of certain amounts in the statement of
profit or loss and other comprehensive and in the statement of financial position.
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 31 July 2020, and does not contain full
or complete details.
This announcement is itself not independently reviewed but extracted from independently reviewed results,
on which Deloitte & Touche has issued an unmodified review conclusion, which is available on the Company’s
website.
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/2020/jse/isse/RHBE/Year2020.pdf
The full announcement can be requested from the company secretary via an email (ragni@corporate-
vision.co.za).
On behalf of the Board
Quinton Zunga
CEO
Dion Mhlaba
CFO
Johannesburg
31 July 2020
Registered Office Transfer Secretaries
3rd floor, 18 Melrose Boulevard Computershare Investor Services Proprietary Limited
Melrose Arch, Melrose North
Johannesburg, 2076
South Africa
Directors Sponsor
Q Zunga (Chief executive officer) Deloitte & Touche Sponsor Services Proprietary
KD Mhlaba (Chief financial officer) Limited
VP Nomvalo (Executive director)
C Clarke (Executive director)
Dr. SG Motuba (Lead independent non-executive
Director)
Dr. KR Ntshwana (Independent non-executive
Director)
JR Oliphant (Non-executive chairman)
Dr. PD Sekete (Non-executive Director)
D Lerutla (Independent non-executive Director)
B Segooa (Independent non-executive Director)
R Nkadimeng (Independent non-executive Director)
Company Secretary
Corporate Vision Consulting Proprietary Limited
Auditors
Deloitte & Touche
Date: 31-07-2020 05:46:00
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