South African Low Leverage High Rewards

Clicks Group

Market Cap: R68.6b

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

Truworths International

Market Cap: R19.3b

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

Stor-Age Property REIT

Market Cap: R8.5b

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

Lewis Group

Market Cap: R4.5b

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: R923.2m

Manufactures and sells rigid plastic packaging in South Africa.

Sanlam

Market Cap: R182.6b

Provides various financial services in South Africa, Pan-Africa, Asia, and internationally.

PBT Holdings

Market Cap: R631.0m

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: R7.0b

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

AVI

Market Cap: R32.5b

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.

Exxaro Resources

Market Cap: R52.4b

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

Kumba Iron Ore

Market Cap: R101.9b

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

Santam

Market Cap: R43.6b

Provides various general insurance products and services to individuals, commercial, and corporate markets in South Africa, rest of Africa, and internationally.

Tiger Brands

Market Cap: R44.6b

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

FirstRand

Market Cap: R487.2b

Provides transactional, lending, investment, and insurance products and services in South Africa, rest of Africa, the United Kingdom, and internationally.

Deneb Investments

Market Cap: R1.1b

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

Mr Price Group

Market Cap: R40.8b

Provides fashion-value merchandise in South Africa and internationally.

Wilson Bayly Holmes-Ovcon

Market Cap: R8.2b

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

JSE

Market Cap: R13.5b

Operates as a stock exchange in South Africa.

Spur

Market Cap: R3.2b

Operates as a restaurant franchisor in South Africa and internationally.

Momentum Group

Market Cap: R46.7b

Provides insurance and financial services in South Africa and internationally.

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.

Transpaco

Market Cap: R1.1b

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

Omnia Holdings

Market Cap: R14.7b

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.

Primeserv Group

Market Cap: R187.0m

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

Hudaco Industries

Market Cap: R5.7b

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

Standard Bank Group

Market Cap: R530.5b

Provides financial products and services in South Africa and internationally.

Afine Investments

Market Cap: R362.7m

Operates as an investment property holding company.

OUTsurance Group

Market Cap: R113.1b

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

Altron

Market Cap: R8.1b

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

Gold Fields

Market Cap: R720.3b

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