South African Undervalued Small Caps With Insider Buying

Spear Reit

Market Cap: R5.5b

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

Fortress Real Estate Investments

Market Cap: R29.1b

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.

KAL Group

Market Cap: R3.4b

Operates as a diversified trader and retailer in the agricultural, manufacturing, retail, and fuel and convenience markets in South Africa and Namibia.

RCL Foods

Market Cap: R7.0b

Operates as a food manufacturer in South Africa.

Zeda

Market Cap: R2.7b

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

Altron

Market Cap: R11.5b

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

Hudaco Industries

Market Cap: R5.4b

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

AVI

Market Cap: R32.3b

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.