South African Low Leverage High Rewards

Exxaro Resources

Market Cap: R47.3b

Engages in coal, pigment manufacturing, and renewable energy businesses in South Africa, Europe, Asia, and internationally.

African Media Entertainment

Market Cap: R324.3m

Engages in radio broadcasting, media integration, and publications activities in South Africa.

Truworths International

Market Cap: R22.7b

An investment holding and management company, engages in the retail of fashion apparel and accessories.

Stor-Age Property REIT

Market Cap: R9.2b

Stor-Age is the largest self storage property fund and most recognisable brand in SA.

Lewis Group

Market Cap: R4.7b

Engages in the retail of household furniture, home appliances, electronic goods, and homewares in South Africa, Botswana, Lesotho, Eswatini, and Namibia.

Bowler Metcalf

Market Cap: R973.8m

Manufactures and sells rigid plastic packaging in South Africa.

Omnia Holdings

Market Cap: R14.0b

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

Sanlam

Market Cap: R221.7b

Provides various financial solutions to individual, business, and institutional clients in South Africa, rest of Africa, Asia, and internationally.

PBT Holdings

Market Cap: R647.5m

Provides consulting services to finance, insurance, medical healthcare, retail, telecommunication, and other sectors in South Africa, Europe, Australia, and the United Kingdom.

Clientèle

Market Cap: R7.2b

Through its subsidiaries, engages in the provision of financial services in South Africa.

Shoprite Holdings

Market Cap: R143.0b

An investment holding company, engages in the food retail and wholesale business in South Africa and internationally.

Tiger Brands

Market Cap: R47.9b

Engages in the manufacture and sale of fast-moving consumer goods in South Africa and internationally.

Kumba Iron Ore

Market Cap: R117.7b

Engages in the exploration, extraction, beneficiation, marketing, sale, and shipping of iron ore for the steel industry in South Africa.

Clicks Group

Market Cap: R74.7b

Operates as a health, wellness, and beauty retailer in South Africa and internationally.

Caxton and CTP Publishers and Printers

Market Cap: R5.2b

Caxton and CTP Publishers and Printers Limited publishes and prints newspapers and magazines in South Africa.

Deneb Investments

Market Cap: R1.1b

An investment company, distributes branded products in South Africa and internationally.

JSE

Market Cap: R13.6b

Operates as a multi-asset class stock exchange in South Africa.

Spur

Market Cap: R3.5b

Operates as a restaurant franchisor in South Africa and internationally.

Mr Price Group

Market Cap: R47.2b

Provides fashion-value merchandise in South Africa and internationally.

Wilson Bayly Holmes-Ovcon

Market Cap: R11.0b

Operates as a construction company in South Africa, rest of Africa, and the United Kingdom.

Momentum Group

Market Cap: R52.0b

Provides insurance and financial services in South Africa and internationally.

CAFCA

Market Cap: R202.0m

Manufactures and supplies cables and allied products for the transmission and distribution of electrical energy and information primarily in Southern and Central Africa.

ARB Holdings

Market Cap: R2.0b

ARB Holdings Limited, an investment and property holding company, engages in the trading and distribution of electrical, lighting, and related products.

Argent Industrial

Market Cap: R1.8b

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: R7.9b

Operates as a food manufacturer in South Africa.

Novus Holdings

Market Cap: R1.7b

Engages in the printing production and manufacturing operations in South Africa.

Trellidor Holdings

Market Cap: R123.8m

An investment holding company, engages in the manufacture, sale, and installation of custom-made security barrier products in South Africa, the United Kingdom, and Ghana.

Transpaco

Market Cap: R1.1b

Engages in the manufacturing, recycling, and distribution of paper and plastic packaging products in South and Southern Africa.

Gold Fields

Market Cap: R831.0b

Operates as a gold producer with reserves and resources in Australia, South Africa, Ghana, Peru, Chile, and Canada.

AVI

Market Cap: R37.3b

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.

Hudaco Industries

Market Cap: R6.1b

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

Standard Bank Group

Market Cap: R520.2b

Provides financial products and services in South Africa and internationally.

Altron

Market Cap: R8.3b

Engages in information communication and technology business in South Africa, rest of Africa, Europe, and internationally.

OUTsurance Group

Market Cap: R113.7b

A financial services company, provides insurance and investment products in South Africa, Australia, and Ireland.

Primeserv Group

Market Cap: R234.6m

An investment holding company, provides integrated business support services in South Africa.

Afine Investments

Market Cap: R362.7m

Operates as an investment property holding company.