South African Potentially Undervalued Companies

Aspen Pharmacare Holdings

Market Cap: R42.8b

Manufactures and markets specialty and branded pharmaceutical products in Africa, the Middle East, the Americas, Europe CIS, Australasia, and Asia.

Exxaro Resources

Market Cap: R41.1b

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

Oceana Group

Market Cap: R6.0b

Operates as a fishing and food processing company in South Africa, Namibia, rest of Africa, North America, Europe, the Far East, and internationally.

Nampak

Market Cap: R3.8b

Engages in the manufacture and sale of packaging products in South Africa and rest of Africa.

Greencoat Renewables

Market Cap: R796.0m

Owns and operates renewable energy infrastructure assets in the Republic of Ireland, Germany, France, Sweden, and Spain.

Libstar Holdings

Market Cap: R2.4b

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

KAP

Market Cap: R4.0b

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

Sun International

Market Cap: R9.7b

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

Anheuser-Busch InBev

Market Cap: R100.3b

Produces, distributes, exports, markets, and sells beer in North America, Middle Americas, South America, Europe, the Middle East, Africa, and the Asia Pacific.

Calgro M3 Holdings

Market Cap: R472.6m

Develops and manages integrated residential properties in South Africa.

Vodacom Group

Market Cap: R257.7b

Provides communications products and services.

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.

Anglo American

Market Cap: R29.8b

Operates as a mining company in the United Kingdom and internationally.

Harmony Gold Mining

Market Cap: R194.6b

Engages in the exploration, extraction, and processing of mineral properties in South Africa, Papua New Guinea, and Australasia.

Alphamin Resources

Market Cap: R1.3b

Engages in the production and sale of tin concentrate.

Gemfields Group

Market Cap: R2.4b

Operates as a mining company.

Sappi

Market Cap: R14.0b

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

Altron

Market Cap: R7.1b

Engages in information communication and technology business in South Africa, rest of Africa, Europe, and internationally.

African Media Entertainment

Market Cap: R311.7m

Engages in radio broadcasting, media integration, and publications activities in South Africa.

SPAR Group

Market Cap: R19.6b

Engages in the wholesale and distribution of goods and services to grocery stores and other group retail outlets in South Africa and internationally.

Choppies Enterprises

Market Cap: R1.3b

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

Acsion

Market Cap: R3.3b

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

Tiger Brands

Market Cap: R48.6b

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

Sasol

Market Cap: R68.5b

Operates as a chemical and energy company.

Santam

Market Cap: R42.7b

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

Sephaku Holdings

Market Cap: R326.8m

Operates as a construction materials company in South Africa.

eMedia Holdings

Market Cap: R866.3m

An investment holding company, operates in media sector in South Africa.

Caxton and CTP Publishers and Printers

Market Cap: R4.8b

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

Quantum Foods Holdings

Market Cap: R1.5b

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

Delta Property Fund

Market Cap: R178.6m

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

Randgold & Exploration

Market Cap: R54.4m

An investment holding company, operates as an exploration and mining investment company in the gold mining sector in South Africa.

Pick n Pay Stores

Market Cap: R18.6b

An investment holding company, engages in the retail of food, health and beauty products, general merchandise, clothing, liquor, and additional value-added-services in South Africa and Rest of Africa.

eMedia Holdings

Market Cap: R866.3m

An investment holding company, operates in media sector in South Africa.

Frontier Transport Holdings

Market Cap: R1.9b

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

Tsogo Sun

Market Cap: R6.9b

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

Super Group

Market Cap: R4.5b

Engages in the supply chain management, mobility, dealership, and fleet management activities in South Africa, sub-Saharan Africa, Australia, Europe, New Zealand, and the United Kingdom.