South African Capital Goods Potentially Undervalued Companies

Bidvest Group

Market Cap: R77.7b

An investment holding company, engages in services, trading, and distribution businesses in South Africa and internationally.

Reunert

Market Cap: R10.1b

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.

Raubex Group

Market Cap: R8.4b

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

Salungano Group

Market Cap: R195.0m

Salungano Group Limited, together with its subsidiaries, engages in mining, processing, selling, and distributing thermal coal primarily in South Africa.

Argent Industrial

Market Cap: R1.8b

Manufactures and trades in steel and steel-related products in South Africa, Asia, the Middle East, Australia, New Zealand, North America, South America, rest of Africa, the United Kingdom, rest of Europe, and internationally.

Hosken Consolidated Investments

Market Cap: R11.8b

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.

Aveng

Market Cap: R597.4m

Engages in construction, engineering, building, and contract mining activities in South Africa, Australia, New Zealand and Pacific Islands, Southeast Asia, and internationally.

Bell Equipment

Market Cap: R3.7b

Designs, manufactures, exports, distributes, and supports a range of heavy equipment for the mining and quarrying, construction, forestry, agriculture, and industry sectors in South Africa, Rest of Africa, and Europe.

Hudaco Industries

Market Cap: R5.5b

Imports and distributes automotive, industrial, and electrical consumable products in South Africa and internationally.

Wilson Bayly Holmes-Ovcon

Market Cap: R8.2b

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

Invicta Holdings

Market Cap: R3.2b

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