Tycoon Rupert-Backed Remgro Surges After Forecasting Profit Jump

Shares in South African billionaire Johann Rupert’s investment firm surged the most in nine months after the company forecast that first-half profit will grow faster than estimated by analysts.

Remgro Ltd. gained as much as 7.7% in Johannesburg, its biggest jump since June 18, after a trading update on Tuesday. Profit in the first six months of 2025 will increase as much as 43%, surpassing the 24% increase projected by JPMorgan Equities South Africa Proprietary Ltd. analysts.