South African Strong Past Earnings Growth, P/E Ratio Below 20

Vodacom Group

Market Cap: R286.3b

Provides communications products and services.

Sanlam

Market Cap: R214.6b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

Discovery

Market Cap: R153.7b

Provides various insurance products and services primarily in South Africa and the United Kingdom.

Tiger Brands

Market Cap: R52.2b

Engages in the manufacture and sale of fast-moving consumer goods in South Africa and internationally.

Santam

Market Cap: R48.4b

Provides various general insurance products for individuals and businesses in South Africa, rest of Africa, Southeast Asia, India, the Middle East, and internationally.

Premier Group

Market Cap: R23.3b

Operates as a consumer-packaged goods company in South Africa and internationally.

Equites Property Fund

Market Cap: R15.5b

Equites Property Fund Limited (“Equites”) is a South African REIT, with a clear focus on being a market leader in the logistics property market by developing and acquiring A-grade, modern logistics facilities in prime locations in South Africa and the United Kingdom.

Grindrod

Market Cap: R11.9b

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.

Castleview Property Fund

Market Cap: R9.7b

A property holding and investment company, based in Cape Town, South Africa that was listed as a REIT on the AltX of the JSE on 20 December 2017, with assets as at March 2024 of c.

Wilson Bayly Holmes-Ovcon

Market Cap: R8.9b

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

Weaver Fintech

Market Cap: R8.0b

Operates as a fintech company, provides financial services.

Dipula Properties

Market Cap: R6.0b

An internally managed, South Africa focused Real Estate Investment Trust that owns a portfolio of retail, office, industrial and residential property assets throughout South Africa, with most of the portfolio located in Gauteng.

4Sight Holdings

Market Cap: R412.1m

Provides technology solutions in South Africa, rest of Africa, Europe, the Middle East and Australasia, and the Americas.

Putprop

Market Cap: R254.4m

Operates as a property investment company in South Africa.

Primeserv Group

Market Cap: R218.5m

An investment holding company, provides integrated business support services in South Africa.

Nictus

Market Cap: R112.2m

An investment holding company, operates as a retailer of household furniture, electrical appliances, and home electronics under the Nictus brand in South Africa.