South African Materials Undervalued based on future growth

Harmony Gold Mining

Market Cap: R203.4b

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

AECI

Market Cap: R11.0b

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

Tharisa

Market Cap: R7.5b

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.

Afrimat

Market Cap: R4.1b

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

Mpact

Market Cap: R2.5b

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

Hulamin

Market Cap: R664.0m

Engages in the manufacture and supply of fabricated and rolled semi-finished aluminum products in South Africa, North America, Europe, Asia, the Middle East, Australasia, South America, and rest of Africa.