South African Potentially Undervalued Companies

KAP

Market Cap: R6.2b

Engages in industrial, chemical, and logistics businesses in South Africa, rest of Africa, the Americas, Europe, the Middle East, and Australasia.

Pick n Pay Stores

Market Cap: R18.4b

An investment holding company, engages in the retail of food, grocery, clothing, liquor, and general merchandise products in South Africa and Rest of Africa.

Reunert

Market Cap: R8.7b

Operates in the fields of electrical engineering, information communication technologies (ICT), and applied electronics in South Africa, rest of Africa, the United States, Australia, Asia, and Europe.

Redefine Properties

Market Cap: R26.9b

Redefine Properties Limited (Redefine) is a South African-based Real Estate Investment Trust (REIT).

Exxaro Resources

Market Cap: R35.6b

Engages in coal, iron ore investment, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Australia, and Asia.

Combined Motor Holdings

Market Cap: R2.1b

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

Sun International

Market Cap: R9.2b

Owns and operates casino, hotel, and resort properties in South Africa.

Tsogo Sun

Market Cap: R8.3b

Engages in the gaming, entertainment, and hospitality business in South Africa.

Libstar Holdings

Market Cap: R1.8b

Manufactures, distributes, and markets branded and private label consumer packaged goods in South Africa and internationally.

BHP Group

Market Cap: R179.7b

Operates as a resources company in Australia, Europe, China, Japan, India, South Korea, the rest of Asia, North America, South America, and internationally.

Afrimat

Market Cap: R8.3b

Operates as a mining and materials company primarily in the southern African region.

Truworths International

Market Cap: R24.8b

An investment holding and management company, engages in the retail of fashion apparel and accessories.

Netcare

Market Cap: R15.9b

An investment holding company, operates private hospitals in South Africa.

Pan African Resources

Market Cap: R963.9m

Engages in the mining, extraction, production, and sale of gold in South Africa.

MTN Group

Market Cap: R188.9b

Provides mobile telecommunications services in South Africa, Nigeria, South and East Africa, West and Central Africa, and the Middle East and North Africa.

Tharisa

Market Cap: R3.7b

An investment holding company, engages in the mining, processing beneficiation, marketing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United States, Australia, Japan, and internationally.

Calgro M3 Holdings

Market Cap: R485.1m

Together with its subsidiary, develops integrated residential properties in South Africa.

Aspen Pharmacare Holdings

Market Cap: R66.5b

Manufactures and supplies specialty and branded pharmaceutical products worldwide.

RFG Holdings

Market Cap: R4.7b

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

Murray & Roberts Holdings

Market Cap: R447.9m

Operates as a multinational engineering and construction company in South Africa, rest of Africa, Australasia and South East Asia, North America, and internationally.

Gemfields Group

Market Cap: R1.4b

Operates as a mining company.

Sappi

Market Cap: R20.9b

Engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa.

South32

Market Cap: R12.3b

Operates as a diversified metals and mining company.

Sibanye Stillwater

Market Cap: R58.4b

Operates as a precious metals mining company in South Africa, the United States, Europe, and Australia.

Ninety One Group

Market Cap: R1.1b

Operates as an independent global asset manager worldwide.

Kumba Iron Ore

Market Cap: R96.2b

Engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa.

African Media Entertainment

Market Cap: R248.8m

Operates as a vibrant media company in South Africa.

Merafe Resources

Market Cap: R2.8b

Engages in the mining and beneficiation of chrome ore into ferrochrome and associated minerals.

British American Tobacco

Market Cap: R69.3b

Provides tobacco and nicotine products to consumers in the Americas, Europe, the Asia-Pacific, the Middle East, Africa, and the United States.

Sephaku Holdings

Market Cap: R278.1m

Operates as a construction materials company in South Africa.

Telkom SA SOC

Market Cap: R17.3b

Provides integrated communications and information technology (IT) services to residential, business, government, wholesale, and corporate customers in South Africa, the United States, the United Kingdom, rest of Europe, and internationally.

African and Overseas Enterprises

Market Cap: R184.7m

Through its subsidiaries, engages in the fashion retail, property, media and broadcasting, and water infrastructure businesses in South Africa, Rest of Africa, Asia, Europe, North America, and Australia.

Acsion

Market Cap: R2.3b

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

Sasol

Market Cap: R40.1b

Operates as a chemical and energy company in South Africa and internationally.

Choppies Enterprises

Market Cap: R976.8m

Operates a chain of supermarkets in Botswana, Zimbabwe, Zambia, and Namibia.

Quantum Foods Holdings

Market Cap: R1.3b

Engages in the feed and poultry business in South African and other African markets.