Getting answers to your questions is the first step in building a healthy working relationship with Investec. We have put together some frequently asked questions so that you can get to know us better in your own time.
What is the Dual Listed Companies (“DLC”) structure?
A DLC structure is an arrangement by which two separately listed legal entities are combined into a single economic enterprise through contractual arrangements and provisions in the constitutions of the two entities. Shareholders effectively have economic and voting rights as if they held shares in a single company.
What was the rationale for the London listing?
In order to achieve our mission to become one of the world’s leading banking and wealth manager groups, we sought to obtain a listing on the London Stock Exchange (LSE).
The London listing benefited the group by increasing our global profile, enhancing our capital raising ability and improving access to international capital markets. In turn enhancing our ability to grow and develop our Southern African and other businesses.
What is your strategy with regard to acquisitions?
In areas where we already have significant scale, we are concentrating on organic growth through:
Building third party assets under management.
Selectively building loan portfolio
Capturing deal flow
In other areas, we carefully evaluate and consider "bolt-on" acquisitions that expand the position of our core businesses and deliver competitive advantages quickly and efficiently.
Our year-end dividend payment is usually paid in August once it has been approved by shareholders at the Annual General Meeting (AGM). Our interim dividend is usually paid in December.
Who is your independent auditor?
Ernst & Young and PricewaterhouseCoopers Incorporated (PwC) are the current joint auditors of Investec Limited. Ernst & Young are the independent auditors of Investec plc.
Following a comprehensive tender process, Deloitte Incorporated (Deloitte Inc.) was nominated as one of the new joint external auditors effective 1 April 2024. The appointment of the firm and the designated audit partner is subject to regulatory approval from the Prudential Authority of South Africa.