South African Potentially Undervalued Companies

Netcare

Market Cap: R17.5b

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

ArcelorMittal South Africa

Market Cap: R2.1b

Manufactures and sells steel products in South Africa and internationally.

Raubex Group

Market Cap: R7.4b

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

Sea Harvest Group

Market Cap: R2.8b

Engages in the fishing and fast-moving consumer goods business in South Africa, Europe, Australia, Asia, and internationally.

Pan African Resources

Market Cap: R1.8b

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

Momentum Group

Market Cap: R42.8b

Provides insurance and financial services in South 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.

Sasol

Market Cap: R68.5b

Operates as a chemical and energy company.

Argent Industrial

Market Cap: R1.5b

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.

Zeda

Market Cap: R2.3b

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

Bowler Metcalf

Market Cap: R906.8m

Manufactures and sells rigid plastic packaging in South Africa.

RFG Holdings

Market Cap: R4.2b

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

Rainbow Chicken

Market Cap: R3.8b

Operates as an integrated chicken/broiler producer in the Republic of South Africa.

RCL Foods

Market Cap: R8.6b

Operates as a food manufacturer in South Africa.

Metair Investments

Market Cap: R1.3b

Manufactures, supplies, and distributes motor vehicle components and energy storage solutions in South Africa, Romania, and the United Kingdom.

Nictus

Market Cap: R106.4m

An investment holding company, operates as a retailer of household furniture, electrical appliances, and home electronics under the Nictus brand in South Africa.

Trellidor Holdings

Market Cap: R187.6m

An investment holding company, engages in the manufacture, sale, and installation of custom-made security barrier products in South Africa, the United Kingdom, and Ghana.

Thungela Resources

Market Cap: R11.1b

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

Italtile

Market Cap: R11.5b

Manufactures, retails, and franchises tiles, bathroom ware, and related home-finishing products in South Africa, rest of Africa, and Australia.

Motus Holdings

Market Cap: R18.4b

Provides automotive mobility solutions in South Africa, the United Kingdom, Australia, and internationally.

Life Healthcare Group Holdings

Market Cap: R17.0b

An investment holding company, operates as a private healthcare company in Southern Africa, the United Kingdom, Europe, the United States, and internationally.

Accelerate Property Fund

Market Cap: R718.2m

Accelerate Property Fund aspires to be the most valued property fund on the Johannesburg Stock Exchange by acquiring high-quality properties with long-term leases with strong tenants.

Mustek

Market Cap: R731.9m

Engages in procurement, assembly, distribution, and servicing of computers, computer components, peripherals, and allied products in South Africa, East Africa, and Taiwan.

Primeserv Group

Market Cap: R181.1m

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

Adcorp Holdings

Market Cap: R691.3m

Provides workforce solutions in South Africa and Australia.

DRDGOLD

Market Cap: R2.4b

A gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa.

Hudaco Industries

Market Cap: R5.2b

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

Datatec

Market Cap: R14.0b

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

Sibanye Stillwater

Market Cap: R137.1b

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

Afine Investments

Market Cap: R275.6m

Operates as an investment property holding company.

Kumba Iron Ore

Market Cap: R103.8b

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

Reunert

Market Cap: R8.6b

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.

Telkom SA SOC

Market Cap: R25.8b

Operates as an integrated communications and information technology (IT) services provider in South Africa, the United States, the United Kingdom, rest of Europe, and internationally.

Redefine Properties

Market Cap: R33.3b

A Real Estate Investment Trust (REIT) with a sectoral and geographically diversified property asset platform valued at R99.4 billion (FY24: R99.6 billion).

Old Mutual

Market Cap: R54.7b

Provides financial services primarily in South Africa and rest of Africa.

Africa Bitcoin

Market Cap: R99.0m

AltVest Capital Limited, an investment holding company, provides financial services.