South African Potentially Undervalued Companies

Safari Investments RSA

Market Cap: R2.0b

SAFARI is a property investment company listed on the JSE as a Real Estate Investment Trust that specialises in quality commercial investments.

Foschini Group

Market Cap: R35.3b

Operates retail stores in South Africa and internationally.

Deutsche Konsum REIT-AG

Market Cap: R99.7m

A real estate investment trust, engages in the acquisition, leasing and management, and sale of retail properties in Germany.

Trematon Capital Investments

Market Cap: R245.1m

A private equity firm.

Spear Reit

Market Cap: R3.4b

Spear REIT Limited (“Spear”) listed as a Real Estate Investment Trust (“REIT”) on the main board of the Johannesburg Stock Exchange (“JSE”) and is the only regionally-focused REIT listed on the JSE that predominantly invests in high-quality income-generating assets in the Western Cape.

Quilter

Market Cap: R2.2b

Provides advice-led investment solutions in the United Kingdom and internationally.

Astral Foods

Market Cap: R8.3b

Operates as an integrated poultry producer in South Africa and internationally.

Shaftesbury Capital

Market Cap: R2.6b

Shaftesbury Capital PLC ("Shaftesbury Capital") is the leading central London mixed-use REIT and is a constituent of the FTSE250 Index.

Naspers

Market Cap: R998.5b

Operates as a consumer internet company in Africa, Asia, Europe, and internationally.

PowerFleet

Market Cap: R705.6m

Provides artificial intelligence-of-things (AIoT) solutions in North America, Israel, Africa, Europe, the Middle East, Australia, and internationally.

Truworths International

Market Cap: R20.6b

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

Prosus

Market Cap: R135.5b

Engages in the e-commerce and internet businesses in Asia, Europe, Latin America, North America, and internationally.

Combined Motor Holdings

Market Cap: R2.5b

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

BHP Group

Market Cap: R213.0b

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

Glencore

Market Cap: R40.3b

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.

CAFCA

Market Cap: R128.3m

Manufactures and supplies cables and allied products for the transmission and distribution of electrical energy and information primarily in Southern and Central Africa.

Heriot REIT

Market Cap: R5.1b

Heriot REIT Limited (“Heriot” or “the Company”) is a property holding and investment company that is listed in the “Diversified REITs” sector on the Alternative Exchange of the JSE Limited (“JSE”).

Labat Africa

Market Cap: R39.0m

An investment holding company, engages in the technology, logistics, and healthcare activities in South Africa.

Spur

Market Cap: R2.8b

Operates as a restaurant franchisor in South Africa and internationally.

Tharisa

Market Cap: R7.2b

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 Arab Emirates, an internationally.

Nedbank Group

Market Cap: R102.1b

Provides various wholesale and retail banking services in South Africa and internationally.

Newpark REIT

Market Cap: R480.0m

Newpark was registered and incorporated as a public company on 7 December 2015.

Investec Group

Market Cap: R109.1b

Provides various financial products and services in South Africa, the United Kingdom, and internationally.

Absa Group

Market Cap: R153.9b

Provides retail and business banking, corporate and investment banking, insurance, financial, and wealth management products and services in South Africa and internationally.

Exemplar REITail

Market Cap: R4.6b

A listed Real Estate Investment Trust (REIT), which develops, owns and manages township and rural retail real estate.

Octodec Investments

Market Cap: R3.0b

Octodec Investments Limited (Octodec or the company), its subsidiaries and associated company (the group) is a real estate investment trust (REIT) listed on the JSE Ltd (JSE) and A2X, with a diversified portfolio of 226 residential, retail, office and industrial properties situated in the major metropolitan areas of Tshwane and Johannesburg.

Invicta Holdings

Market Cap: R3.5b

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

ADvTECH

Market Cap: R17.3b

Provides education, training, and staff placement services in South Africa and other African countries.

Hosken Consolidated Investments

Market Cap: R10.4b

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.

Sanlam

Market Cap: R175.4b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

PBT Group

Market Cap: R675.1m

Provides consulting services to finance, insurance, medical healthcare, retail, telecommunication, and other sectors in South Africa, Europe, Australia, and the United Kingdom.

Investec Group

Market Cap: R109.1b

Provides various financial products and services in South Africa, the United Kingdom, and internationally.

Transpaco

Market Cap: R980.5m

Engages in the manufacturing, recycling, and distribution of paper and plastic products in South Africa.

Bell Equipment

Market Cap: R4.1b

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.

South32

Market Cap: R12.4b

Operates as a diversified metals and mining company.