Rand Merchant Investment Holdings
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| Public | |
| Traded as | JSE: RMIJ |
| Industry | Insurance & Financial services |
| Founded | 2010 |
| Headquarters | Sandton, South Africa |
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Key people
|
Gerrit Ferreira - Chairman Hermanus Bosman - CEO |
| Products | Insurance and Asset Management |
| Revenue |
 ZAR: 13.69 billion (2015)
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ZAR: 3.51 billion (2015)
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|
| Total assets |
ZAR: 32.32 billion (2015)
|
| Total equity |
ZAR: 18.08 billion (2015)
|
| Website | Homepage |
Rand Merchant Investment Holdings, also referred to as RMI Holdings, is a listed financial services investment holding company that holds a diversified portfolio of premier insurance brands in South Africa, Australia, China, Mauritius, New Zealand, Republic of Ireland, Singapore, the United Kingdom and the United States of America.
RMI Holdings is listed on the JSE and insurance and investment products and services to retail, commercial, corporate and public sector customers. The group has its headquarters in Sandton, South Africa.
RMI Holdings was incorporated and registered in South Africa on 24 March 2010 as a wholly owned subsidiary of RMB Holdings. On 7 March 2011, RMB Holdings (RMBH), Remgro and FirstRand span off their insurance assets to RMI Holdings and separately listing it on the JSE.
The RMB Holdings restructure was announced on 10 December 2010. Its aim was to create separate focused insurance and banking entities. Prior to the restructure RMB Holdings portfolio comprised
The restructure was aimed at separating of RMBH’s insurance and banking interests and was executed as follows:
The RMBH restructure was completed on 7 March 2011 and the shares of RMIH started trading at the JSE on the same day. This restructure was made possible due to the common shareholding in RMB Holding, Remgro and FirstRand. However, to date RMB Holdings and RMI Holdings share the same management team and resources under a management contract.
In January 2016, the firm changed its name to Rand Merchant Investment Holdings. This was in line with the firm's strategy to invest in the broader financial services sector and beyond the insurance industry. In the same year, RMI Holdings announced that it would be selling its entire shareholding in RMB-SI to Santam.
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Wikipedia