South African Materials Undervalued based on future growth

Harmony Gold Mining

Market Cap: R178.1b

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

Northam Platinum Holdings

Market Cap: R46.6b

Through its subsidiary, Northam Platinum Limited, engages in the production and sale of platinum group metals in South Africa, the Americas, Europe, the United Kingdom, Far East, rest of Africa, the Middle East, Australasia, and the People's Republic of China.

Sappi

Market Cap: R21.1b

Engages in the provision of materials made from woodfiber-based renewable resources in Europe, North America, and South Africa.

Omnia Holdings

Market Cap: R10.6b

Researches, develops, manufactures, and supplies chemicals, specialised services, and solutions for the agriculture, mining, and chemical application industries in South Africa, rest of Africa, and internationally.

Afrimat

Market Cap: R8.5b

Operates as a mining and materials company primarily in the southern African region.

Mpact

Market Cap: R4.0b

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

Hulamin

Market Cap: R660.9m

Engages in the manufacture and distribution of rolled and extruded aluminum products in South Africa, North America, Europe, Asia, the Middle East, Australasia, South America, and rest of Africa.