Reinet Investments Reinet, the Luxembourg-based investment firm controlled by South Africas richest man, Johann Rupert, has reported another abrupt decline in the net asset value NAV of its flagship fund, falling to 7.76 billion for the six months ended Sept. 30, 2025.
The downward movement in asset values by 257 million 297.67 million over the space of six months signals ongoing market volatility across segments in which Reinet is exposed, particularly in insurance, real estate, and unlisted investments. Representing a 3.72 percent slide to 6.66 billion 7.71 billion from 6.92 billion 8.01 billion at the end of March. The Net asset value per share also declined to 36.62 42.41, down from 38.04 44.06.
Reinet NAV drops despite portfolio growth