South African Undiscovered Gems With Strong Fundamentals

Famous Brands

Market Cap: R5.5b

Through its subsidiaries, operates as a quick service and casual dining restaurant franchisor in the United Kingdom, South Africa, South African Development Community, the Middle East, and Rest of Africa.

Master Drilling Group

Market Cap: R2.6b

An investment holding company, provides specialized drilling services to blue chip major and mid-tier companies in the mining, civil engineering, construction, and hydroelectric power sectors.

Acsion

Market Cap: R4.1b

Engages in property holding and development activities in South Africa and internationally.

Purple Group

Market Cap: R2.6b

A financial services and technology company, engages in trading platforms, fractional property and crypto asset investing, retirement fund administration, and asset management businesses in South Africa.

Frontier Transport Holdings

Market Cap: R1.7b

An investment holding company, operates in the transport sector in South Africa.

Quantum Foods Holdings

Market Cap: R2.2b

Engages in the feed, poultry, and egg businesses in South Africa and other African markets.

iOCO

Market Cap: R2.7b

Provides information and communications technology services in Africa, the United Kingdom, Europe, and the Middle East.

Alexander Forbes Group Holdings

Market Cap: R9.0b

A financial services company, provides employee benefits, retirement and healthcare consulting, investment, and wealth management solutions to corporate clients and individuals.

Spur

Market Cap: R3.3b

Operates as a restaurant franchisor in South Africa and internationally.

KAL Group

Market Cap: R3.2b

Operates as a diversified trader and retailer in the agricultural, manufacturing, retail, and fuel and convenience markets in South Africa and Namibia.

Argent Industrial

Market Cap: R1.9b

Manufactures and trades in steel and steel-related products in South Africa, Asia, the Middle East, Australia, New Zealand, North America, South America, rest of Africa, the United Kingdom, rest of Europe, and internationally.

Stadio Holdings

Market Cap: R10.0b

Through its subsidiaries, provides higher education programs in South Africa and Namibia.

Lewis Group

Market Cap: R4.5b

Engages in the retail of household furniture, home appliances, electronic goods, and homewares in South Africa, Botswana, Lesotho, Eswatini, and Namibia.

Rainbow Chicken

Market Cap: R5.9b

Operates as an integrated chicken/broiler producer in the Republic of South Africa.

Araxi

Market Cap: R2.3b

Operates as a financial technology company in South Africa, the Asia Pacific, the United States, the United Kingdom, Europe, the rest of Africa, and the Indian Ocean Islands.

Sabvest Capital

Market Cap: R5.7b

A private equity and venture capital firm specializing in early venture, mid venture, late venture, emerging growth, growth capital, special situation and management buyouts.

Cashbuild

Market Cap: R2.7b

Engages in the retailing of building materials and associated products in South Africa, Botswana, Eswatini, Lesotho, Namibia, Zambia, and Malawi.

Southern Sun

Market Cap: R13.4b

Owns, leases, and manages hotels in South Africa, Mozambique, the Seychelles, Tanzania, the United Arab Emirates, and Zambia.

Spear Reit

Market Cap: R5.1b

Spear REIT Limited listed as a Real Estate Investment Trust on the main board of the Johannesburg Stock Exchange.

Nampak

Market Cap: R4.1b

Engages in the manufacture and sale of packaging products in South Africa and rest of Africa.

Sea Harvest Group

Market Cap: R2.7b

Engages in the fishing and fast-moving consumer goods business in South Africa, Europe, Australia, Asia, and internationally.

ADvTECH

Market Cap: R23.3b

Engages in the provision of education, training, and staff placement services in South Africa and other African countries.

Invicta Holdings

Market Cap: R3.3b

An investment holding company, engages in the distribution of engineering components and consumables in South Africa, the Rest of Africa, Europe, and Asia.

Fairvest

Market Cap: R14.0b

Fairvest Limited (Fairvest) is a diversified South African Real Estate Investment Trust (REIT) focused on creating long-term shareholder value.

Grindrod

Market Cap: R14.1b

Engages in the logistics services business in North America, the Middle East, the United Kingdom, Isle of Man, rest of Europe, Singapore, Asia, the Far East, Australia, South Africa, and Rest of Africa.

Cell C Holdings

Market Cap: R8.6b

Operates as a telecommunications and technology company in South Africa.

PPC

Market Cap: R9.2b

Engages in the production and sale of cement, aggregates, ready mix concrete, and fly ash in South Africa, Botswana, and Zimbabwe.

Altron

Market Cap: R8.3b

Engages in information communication and technology business in South Africa, rest of Africa, Europe, and internationally.

Combined Motor Holdings

Market Cap: R2.9b

An investment holding company, engages in the motor retail and distribution business in South Africa.

Astral Foods

Market Cap: R9.3b

Operates as an integrated poultry producer in South Africa and internationally.

Wilson Bayly Holmes-Ovcon

Market Cap: R8.4b

Operates as a construction company in South Africa, rest of Africa, and the United Kingdom.

AECI

Market Cap: R11.5b

Provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors.

Channel Vas Investments

Market Cap: R23.7b

Channel Vas Investments Limited, together with its subsidiaries, analytics technology services to fintech sector in Africa, the Middle East, Europe, and Asia.

Hudaco Industries

Market Cap: R5.5b

Imports and distributes automotive, industrial, and electronic consumable products in South Africa and internationally.

Datatec

Market Cap: R16.2b

Provides information and communication technology (ICT) solutions and services worldwide.

Super Group

Market Cap: R5.5b

Engages in the supply chain management, mobility, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Europe, and the United Kingdom.