South African Undervalued Small Caps With Insider Buying

Fortress Real Estate Investments

Market Cap: R28.7b

Fortress is a real estate investment company with a focus on developing and letting premium-grade logistics real estate in SA and CEE, as well as growing our convenience and commuter-oriented retail portfolio.

Spear Reit

Market Cap: R5.6b

Spear REIT Limited listed as a Real Estate Investment Trust on the main board of the Johannesburg Stock Exchange.

Argent Industrial

Market Cap: R1.9b

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.

RCL Foods

Market Cap: R7.6b

Operates as a food manufacturer in South Africa.

Zeda

Market Cap: R2.6b

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

Altron

Market Cap: R10.8b

Engages in technology business in South Africa and rest of Africa.

Hudaco Industries

Market Cap: R5.5b

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

AVI

Market Cap: R31.4b

Manufactures, processes, markets, and distributes branded consumer products in the food, beverage, footwear, apparel, and cosmetics sectors in South Africa, other African countries, Europe, and internationally.