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Richemont joins R1-trillion club – Business Live

Richemont joins R1-trillion club – Business Live

Richemont, the Swiss luxury goods group controlled by Johann Rupert, crossed the R1-trillion level in market valuation for the first time last week, joining five other stocks on the JSE that have achieved the milestone. The group’s share price surges 10% to a record R223.93, its biggest rise in a year, after interim results beat expectations. Article by Andries Mahlangu with comment from Aslam Dalvi – Portfolio Manager for Kagiso Asset Management.
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