Prominent South African businessman Josua Malherbe stands out as a non-executive co-deputy chairman at Remgro Limited, a Stellenbosch-based investment powerhouse led by Africa’s wealthiest man Johann Rupert.
Malherbe’s journey started in 1990, when he joined Rembrandt Group Limited. His ascent up the corporate hierarchy swiftly gained momentum in 1993 as he assumed key executive positions across a spectrum of companies, including a pivotal role at Richemont.
His rapid rise within Remgro Limited has been truly extraordinary. In 2015, he assumed the role of non-executive director and has since extended his influential presence to the boards of Remgro Limited, Reinet Investments S.C.A., Richemont Securities S.A., and Pension Corporation Group Limited.
Beyond his executive and governance roles, Malherbe also owns a total equity stake of 1,178,995 ordinary shares in Remgro, valued at R 185.13 million ($9.87 million).
With over three decades of experience in corporate finance, Malherbe’s influence extends beyond Richemont SA.
Compagnie Financiere Richemont, founded in 2002 and headquartered in Switzerland, is a leading luxury goods holding company. It boasts an impressive portfolio of premium brands, including Baume & Mercier, Buccellati, Cartier, Chloe, Jaeger-LeCoultre, Montblanc, Piaget, Peter Millar, Roger Dubuis, and Van Cleef & Arpels. Within Richemont, Malherbe serves as a non-executive director and holds the position of deputy chairman, contributing significantly to the company’s strategic direction.
Reinet Investments, a Luxembourg-based securitization vehicle, emerged following the restructuring of the Swiss luxury goods powerhouse, Richemont. It enjoys listings on the Luxembourg Stock Exchange, Euronext Amsterdam, and the Johannesburg Stock Exchange. Since 2009, Malherbe has held the role of non-executive Director at Reinet Investments, playing a pivotal role in its growth and success.
Remgro Limited, headquartered in Stellenbosch, is an investment holding company under the leadership of Africa’s wealthiest individual, Johann Rupert. Founded in the 1940s, Remgro’s diverse interests encompass banking, financial services, packaging, medical services, mining, petroleum, beverage, food, and personal care products. Malherbe is currently a non-executive director at Remgro and possesses a substantial equity stake, with ownership of 1,178,995 ordinary shares, further solidifying his commitment to the company’s continued prosperity.
- Richemont Securities S.A.
Richemont Securities SA, a Swiss investment management firm, stands as a subsidiary of Compagnie Financière Richemont AG. It holds the distinction of being the official issuer of depositary receipts traded on the Johannesburg Stock Exchange. Malherbe assumed the role of non-executive director in 2010 and has since held the prestigious position of deputy chairman since September 2013, contributing to the firm’s global financial endeavors.
Pension Insurance Corporation Plc (PIC), a UK-based specialist insurer renowned for offering pension insurance buyout and buy-in solutions, is publicly traded on the London Stock Exchange. With a substantial portfolio valued at £41 billion ($50.19 billion) as of the 2022 fiscal year, PIC commands a significant presence in the insurance sector. Notably, Malherbe has been a non-executive director at PIC since 2015, and his role underscores his commitment to the responsible management of pension assets and financial security.
