South African Undiscovered Gems With Strong Fundamentals

Acsion

Market Cap: R3.1b

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

Purple Group

Market Cap: R2.4b

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.

Master Drilling Group

Market Cap: R2.4b

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.

Famous Brands

Market Cap: R5.6b

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.

Frontier Transport Holdings

Market Cap: R2.0b

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

City Lodge Hotels

Market Cap: R2.2b

Engages in the operation of hotels for business and leisure travelers in South Africa, Botswana, Mozambique, and Namibia.

Caxton and CTP Publishers and Printers

Market Cap: R4.0b

Caxton and CTP Publishers and Printers Limited publishes and prints newspapers and magazines in South Africa.

Spur

Market Cap: R3.0b

Operates as a restaurant franchisor in South Africa and internationally.

iOCO

Market Cap: R2.6b

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

Alexander Forbes Group Holdings

Market Cap: R10.2b

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

Sygnia

Market Cap: R4.9b

A financial services group, provides investment management and administration services to institutional and retail clients primarily in South Africa.

Stadio Holdings

Market Cap: R8.1b

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

Coronation Fund Managers

Market Cap: R16.7b

A publicly owned investment manager.

RCL Foods

Market Cap: R8.7b

Operates as a food manufacturer in South Africa.

Rainbow Chicken

Market Cap: R3.9b

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

Hosken Consolidated Investments

Market Cap: R9.6b

An investment holding company, operates media and broadcasting, gaming, transport, properties, coal mining, and branded products and manufacturing businesses in South Africa, Other African countries, the Middle East, Europe, and the United Kingdom.

Novus Holdings

Market Cap: R2.0b

Engages in the printing production and manufacturing operations in South Africa.

Lewis Group

Market Cap: R3.6b

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

Capital Appreciation

Market Cap: R2.1b

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: R4.2b

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

Clientèle

Market Cap: R6.3b

Through its subsidiaries, provides financial products and services in South Africa.

Cashbuild

Market Cap: R3.0b

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

PSG Financial Services

Market Cap: R27.4b

Provides various financial services and products in South Africa and Namibia.

Southern Sun

Market Cap: R11.6b

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

Adcock Ingram Holdings

Market Cap: R10.6b

Engages in the manufacture, marketing, and distribution of healthcare products to private and public sectors in Southern Africa and India.

Invicta Holdings

Market Cap: R3.4b

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

ADvTECH

Market Cap: R17.4b

Provides education, training, and staff placement services in South Africa and other African countries.

Grindrod

Market Cap: R10.1b

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.

PPC

Market Cap: R7.6b

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

Altron

Market Cap: R7.2b

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

Combined Motor Holdings

Market Cap: R2.5b

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

Raubex Group

Market Cap: R7.7b

Engages in the infrastructure development and construction materials business in South Africa, Australia, rest of Africa, and internationally.

JSE

Market Cap: R10.2b

Operates as a multi-asset class stock exchange in South Africa.

Wilson Bayly Holmes-Ovcon

Market Cap: R8.9b

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

RFG Holdings

Market Cap: R4.2b

Manufactures and markets convenience meal solutions in South Africa, the Kingdom of Eswatini, and internationally.

Italtile

Market Cap: R12.9b

Manufactures, retails, and franchises tiles, bathroom ware, and related home-finishing products in South Africa, rest of Africa, and Australia.