South African Materials Undervalued based on future growth

Impala Platinum Holdings

Market Cap: R211.2b

Engages in the mining, concentrating, refining, and sells of platinum group metals (PGMs) and associated base metals in South Africa, Zimbabwe, and Canada.

Harmony Gold Mining

Market Cap: R154.7b

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

Northam Platinum Holdings

Market Cap: R132.4b

Through its subsidiary, Northam Platinum Limited, engages in the production and sale of platinum group metals.

AECI

Market Cap: R12.3b

Provides products and services for mining, water treatment, plant and animal health, food and beverage, manufacturing, and general industrial sectors.

Tharisa

Market Cap: R7.2b

An investment holding company, engages in the mining, processing, sale, and logistics of platinum group metals (PGMs) and chrome concentrates in South Africa, China, Singapore, Hong Kong, the United Arab Emirates, and internationally.

Mpact

Market Cap: R3.2b

Engages in the paper and plastic packaging, and recycling business in South Africa and internationally.