Our Investments

Our objective is achieving superior returns for investors

We want to optimise, diversify and modernise portfolio's by being a shareholder of influence that partners passionate, smart and industry-changing management teams.

Our approach
Our Approach

RMI’s investment portfolio is managed on a decentralised basis

Through distinct legal entities in terms of which day to day operational running of its investee companies is the responsibility of the respective boards and management partners.

Our key strategies

The businesses in the RMI portfolio are all businesses that took mature industries head on and changed the way things are done

Our key strategies

Optimise

Growing the intrinsic value of investments

RMI has a long-term investment horizon in that investments are held for as long as needed to optimise value. Based on the RMI track record, increasing the value and yield requires close collaboration with management teams in the context of their boards of directors. The RMI strategy is to position itself amid the key shareholders and play an active role within the governance bodies, particularly when it comes to strategic decision-making by the investee companies.

RMI’s objective is to maintain a sound financial structure, with a solid liquidity profile throughout the Group, ensuring readily-available resources and a limited net indebtedness in comparison to the portfolio value. This policy gives both RMI and its investees the flexibility required to seize investment opportunities.

RMI targets financial performance of its underlying investments that exceeds industry benchmarks. Such performance should lead to an increase in underlying value and dividend flow.

Investment criteria

Investments must meet the following criteria:

Strategic

  • Unique and potentially industry-changing business offering or idea
  • High-quality entrepreneurial management
  • Potential for organic and external growth
  • Simple, solid and value-creating business model
  • Financial flexibility to exploit strategic opportunities
  • Corporate governance
Where our focus lies
Where our focus lies

RMI focuses on investments in the financial services sector, partnering smart, industry-changing management teams.

RMI’s history as part of the RMB Group of companies allows it access to the skills, experience and lessons learnt over the last 35 years. These include:

Proven track record

  • RMI is an entrenched and well-known brand.
  • RMI has a successful history of investments in both established and startup businesses.
  • RMI has embraced corporate activity as an enabler to grow and enhance businesses.
  • RMI was brave enough to support entrepreneurial vision and invest in startups which had a dream of changing mature industries that have today evolved into market leaders.
Identifying, partnering and growing startup businesses
Identifying, partnering and growing
next-generation financial services businesses

Our Partnerships

Investing in disruptive businesses such as Discovery and OUTsurance.
Identifying and partnering with the next generation of fintech companies such as Merchant Capital and Entersekt.
Diversification of the
portfolio into asset
management through
RMI Investment Managers.
Identifying and partnering with the next generation of fintech Prodigy Finance and Luno.
Potential take private of Hastings in partnership with Sampo.
History Timeline
Meaningful partnerships

RMI has an empowering culture of allowing business owners to run their businesses without undue interference.

  • RMI understands the imperative for patient long-term capital when building sustainable and impactful businesses.
  • RMI works with talented and principled business leaders who share similar values and a focus on building enduring enterprises.
  • RMI’s aim is to foster lasting and personal relationships with its management partners.
  • As far as possible, RMI promotes “preferred status” interaction between its network of portfolio companies.
Experience in navigating complex regulatory environments in multiple geographies
Engaged founding members and shareholders

RMI’s founding members GT Ferreira, Paul Harris and Laurie Dippenaar are still invested in RMI and remain involved in an active advisory capacity. This allows the investment team and investee company management partners to benefit from their collective pool of wisdom and experience.

Remgro and Royal Bafokeng Holdings collectively hold more than a 45% interest in RMI and have entrusted their financial services mandate and interests to RMI and RMH. Both are represented on the board of RMI and actively engage with the investment team.

An investment team with significant financial services experience

An investment team with a long history dating back to the creation of RMH Group from 1995 onwards. This involvement has also included key roles in various corporate activity initiatives for RMH, RMI, FirstRand, Wesbank, Discovery and MMI.

What our management partners have to say

“RMI has already added significant value to Merchant Capital since acquiring a 25.1% equity stake in our business in 2015. In addition to the instant credibility, alignment of core values and strategic contribution, the support for our continual entrepreneurial style has been a particular highlight.”
Dov Girnun
Founder and CEO, Merchant Capital