South African Potentially Undervalued Companies

Exxaro Resources

Market Cap: R35.4b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

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.

Kumba Iron Ore

Market Cap: R96.3b

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

Libstar Holdings

Market Cap: R1.9b

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

Tsogo Sun

Market Cap: R8.3b

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

MTN Group

Market Cap: R231.2b

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

Pan African Resources

Market Cap: R936.5m

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

Tharisa

Market Cap: R4.7b

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: R494.7m

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

Vodacom Group

Market Cap: R268.0b

Operates as a connectivity, digital, and financial services company in South Africa, Egypt, and internationally.

Zeda

Market Cap: R2.2b

Provides mobility solutions in South Africa and other countries in Sub-Saharan Africa.

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.

Alphamin Resources

Market Cap: R1.2b

Engages in the production and sale of tin concentrate.

Thungela Resources

Market Cap: R12.1b

Engages in the mining and production of thermal coal in South Africa and Australia.

Gemfields Group

Market Cap: R1.3b

Operates as a mining company.

South32

Market Cap: R13.7b

Operates as a diversified metals and mining company.

Sappi

Market Cap: R20.2b

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

Ninety One Group

Market Cap: R1.4b

Operates as an independent global asset manager worldwide.

Choppies Enterprises

Market Cap: R994.9m

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

African Media Entertainment

Market Cap: R284.8m

Operates as a vibrant media company in South Africa.

Merafe Resources

Market Cap: R2.9b

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

Acsion

Market Cap: R3.3b

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

Sephaku Holdings

Market Cap: R417.2m

Operates as a construction materials company in South Africa.

African and Overseas Enterprises

Market Cap: R189.9m

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.

Netcare

Market Cap: R18.2b

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

Sun International

Market Cap: R10.0b

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

BHP Group

Market Cap: R193.6b

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

Brikor

Market Cap: R148.0m

Manufactures and supplies building and construction materials in the Republic of South Africa.

Attacq

Market Cap: R9.8b

An innovative Real Estate Investment Trust (REIT) based in South Africa, with a vision to create sustainable value for all stakeholders.

Delta Property Fund

Market Cap: R150.0m

Delta Property Fund Limited (“Delta” or “the Group”) is a South African domiciled Level 1 B-BBEE Real Estate Investment Trust (“REIT”).

Caxton and CTP Publishers and Printers

Market Cap: R4.2b

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

Combined Motor Holdings

Market Cap: R2.4b

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

Frontier Transport Holdings

Market Cap: R2.0b

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

Quantum Foods Holdings

Market Cap: R1.7b

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

Glencore

Market Cap: R33.2b

Engages in the production, refinement, processing, storage, transport, and marketing of metals and minerals, and energy products in the Americas, Europe, Asia, Africa, and Oceania.