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Johann Rupert’s Reinet faces shareholder shift amid broader strategic moves
PIC lowers voting rights in Reinet to 14.956%, reflecting strategic portfolio adjustments post-Reinet's $1.5 billion BAT divestment.
PIC lowers voting rights in Reinet to 14.956%, reflecting strategic portfolio adjustments post-Reinet's $1.5 billion BAT divestment.
Its portfolio includes stakes in Pension Insurance Corporation Group Limited, British American Tobacco (BAT), and other diversified assets.
Rupert holds a 24.9-percent stake in Reinet Investments, contributing to his status as Africa’s richest man.
Despite the decline in his net worth, Rupert remains not only the second-richest man in Africa but also the richest man in South Africa.