RFG Holdings Ownership

Who are the major shareholders and have insiders been buying or selling?

Recent Insider Transactions

JSE:RFG Recent Insider Transactions by Companies or Individuals
Date	Value	Name	Entity	Shares	Max Price
18 Dec 25	SellR7,953,106	Pieter Hanekom	Individual	350,192	R22.71
01 Dec 25	BuyR304,820	Pieter Hanekom	Individual	13,743	R22.18
01 Dec 25	BuyR374,642	Christiaan Schoombie	Individual	16,891	R22.18

Insider Trading Volume

Insider Buying: RFG insiders have sold more shares than they have bought in the past 3 months.

Ownership Breakdown

What is the ownership structure of RFG?
Owner Type	Number of Shares	Ownership Percentage
Individual Insiders	2,596,668	0.993%
General Public	65,764,137	25.2%
Institutions	88,892,346	34%
Private Companies	104,158,271	39.8%

Dilution of Shares: Shareholders have not been meaningfully diluted in the past year.

Top Shareholders

Top 22 shareholders own 74.84% of the company

Ownership	Name	Shares	Current Value	Change %	Portfolio %
39.8%	South African Investment Gp Trust	104,158,271	R2.6b	0%	no data
11.6%	Old Mutual Investment Group South Africa (Pty) Limited	30,197,572	R754.6m	0%	0.27%
11.5%	Foord Asset Management (Pty) Limited	30,108,970	R752.4m	0%	7.52%
3.66%	PSG Fund Management	9,577,767	R239.3m	-59.4%	2.93%
2.93%	Camissa Asset Management Proprietary Limited	7,647,649	R191.1m	0%	0.76%
2.34%	Ninety One UK Limited	6,111,942	R152.7m	0%	0.01%
1.24%	M&G Investment Managers (Pty) Limited	3,251,226	R81.2m	0%	0.35%
0.45%	Pieter Hanekom	1,169,866	R29.2m	60.7%	no data
0.43%	Dimensional Fund Advisors LP	1,134,493	R28.4m	-6.2%	no data
0.33%	Christiaan Schoombie	859,416	R21.5m	119%	no data
0.16%	Garth John Willis	429,626	R10.7m	0%	no data
0.11%	Prudential Portfolio Managers (Namibia) (Pty) Limited	283,733	R7.1m	0%	1.8%
0.098%	Prudential Portfolio Managers Unit Trusts Limited	257,056	R6.4m	0%	1.97%
0.061%	STANLIB Asset Management (Pty) Limited	158,400	R4.0m	0%	0.01%
0.025%	Yvonne Muthien	65,735	R1.6m	0%	no data
0.023%	Thabo Leeuw	61,000	R1.5m	0%	no data
0.022%	AXA Investment Managers S.A.	58,200	R1.5m	0%	no data
0.017%	N-e-FG Fund Management (Pty) Ltd.	45,000	R1.1m	0%	0.2%
0.0095%	Autus Fund Managers (Pty) Ltd	24,710	R617.3k	0%	0.07%
0.0079%	American Century Investment Management Inc	20,583	R514.1k	0%	no data
0.0058%	Boutique Asset Management Pty Ltd.	15,045	R376.3k	0%	0.69%
0.0042%	Bongiwe Njobe	11,025	R275.7k	0%	no data

Company Analysis and Financial Data Status

Data	Last Updated (UTC time)
Company Analysis	2026/01/21 23:30
End of Day Share Price	2026/01/21 00:00
Earnings	2025/09/28
Annual Earnings	2025/09/28

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

Package	Data	Timeframe	Example US Source ^*
Company Financials	10 years	Income statement Cash flow statement Balance sheet	SEC Form 10-K SEC Form 10-Q
Analyst Consensus Estimates	+3 years	Forecast financials Analyst price targets	Analyst Research Reports Blue Matrix
Market Prices	30 years	Stock prices Dividends, Splits and Actions	ICE Market Data SEC Form S-1
Ownership	10 years	Top shareholders Insider trading	SEC Form 4 SEC Form 13D
Management	10 years	Leadership team Board of directors	SEC Form 10-K SEC Form DEF 14A
Key Developments	10 years	Company announcements	SEC Form 8-K

^* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the world class team who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

RFG Holdings Limited is covered by 7 analysts. 2 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

Analyst	Institution
Samantha Naicker	Absa Bank Limited
Victor Dima	Arqaam Capital Research Offshore S.A.L.
Paul Henri Steegers	BofA Global Research