Our Shareholders

RECM was founded 2003 as a traditional third-party fund management business By Piet Viljoen. A few years later, Jan van Niekerk joined. RECM is an investment business with skills and capabilities beyond third-party fund management in public markets. It has the skills and ability to invest across the capital structure of companies, regardless of whether they are privately owned or publicly listed, irrespective of geographic location or domicile.

Piet Viljoen

Piet Viljoen is a well-known South African investment professional and fund manager. He is the founder and chairman of Regarding Capital Management, a company specializing in investment management and financial advisory services.

Piet has a reputation for his expertise in value investing and capital management.

He is also recognized for his role as a prominent commentator on financial markets and investing trends in South Africa.

Jan van Niekerk

Jan is a qualified actuary with more than 25 years of investment experience. He served as the Chief Investment Officer of Citadel, a South African wealth manager, after which he became CEO of Peregrine Holdings Limited, a JSE-listed financial services firm.

Jan joined RECM in 2013 as Group CEO. He is an Executive Director of RECM and Calibre Limited and a non-executive director of Astoria Investments Ltd

ASTORIA

Astoria is a Mauritian-domiciled global investment company with primary listings of its shares on the Stock Exchange of Mauritius and the Alternative Exchange (AltX) of the Johannesburg Stock Exchange. The responsibility for managing Astoria’s portfolio rest with RECM Global, an investment advisory company associated with Piet Viljoen and Jan van Niekerk, who are both non-executive directors of Astoria.

Astoria currently has a net asset value of c. R860m.

Piet and Jan own more than 20% of Astoria’s shares