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

Discovery

Market Cap: R141.0b

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

NEPI Rockcastle

Market Cap: R101.7b

NEPI Rockcastle N.V. (“the Company”, “NEPI Rockcastle”, “the Group”) is a public limited company domiciled in the Netherlands, having its registered office at Strawinskylaan 563, WTC Zuidas, Tower Ten, 5th Floor, 1077 XX Amsterdam, with registration number at the Dutch Chamber of Commerce 87488329.

Tiger Brands

Market Cap: R48.1b

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

Santam

Market Cap: R47.4b

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: R19.2b

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

MAS

Market Cap: R17.1b

A property investor and operator listed on the main board of the Johannesburg Stock Exchange and with a secondary listing on A2X Limited.

Datatec

Market Cap: R13.5b

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

Alexander Forbes Group Holdings

Market Cap: R10.6b

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

RCL Foods

Market Cap: R8.8b

Operates as a food manufacturer in South Africa.

Raubex Group

Market Cap: R8.2b

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

Dipula Properties

Market Cap: R5.3b

Dipula Properties (formerly Dipula Income Fund) is a prominent, diversified South Africa-focused REIT with a long-standing track record of sustainable value creation.

Weaver Fintech

Market Cap: R4.3b

Operates as a fintech company, provides financial services.

Spear Reit

Market Cap: R3.3b

Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape.

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.

Novus Holdings

Market Cap: R2.1b

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

Bowler Metcalf

Market Cap: R894.6m

Manufactures and sells rigid plastic packaging for the toiletry, cosmetic, household, pharmaceutical, and food markets in South Africa.

enX Group

Market Cap: R721.8m

Engages in the diverse businesses in the general industrial sector in South Africa.

4Sight Holdings

Market Cap: R346.8m

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

Primeserv Group

Market Cap: R174.6m

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