South African Low Leverage High Rewards

Truworths International

Market Cap: R18.6b

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

Clicks Group

Market Cap: R60.9b

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

Stor-Age Property REIT

Market Cap: R8.3b

Stor-Age Property REIT Limited is the largest self storage property fund and most recognizable brand in SA.

Lewis Group

Market Cap: R4.4b

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: R909.5m

Manufactures and sells rigid plastic packaging in South Africa.

PBT Holdings

Market Cap: R641.7m

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

Sanlam

Market Cap: R179.7b

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

AVI

Market Cap: R33.1b

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.

Santam

Market Cap: R43.9b

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: R43.4b

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

Exxaro Resources

Market Cap: R51.8b

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

Deneb Investments

Market Cap: R1.1b

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

FirstRand

Market Cap: R485.0b

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

PSG Financial Services

Market Cap: R35.0b

Provides various financial services and products in South Africa and Namibia.

Frontier Transport Holdings

Market Cap: R1.7b

An investment holding company, operates in the transport sector in South Africa.

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.

Mr Price Group

Market Cap: R40.0b

Provides fashion-value merchandise in South Africa and internationally.

Spur

Market Cap: R3.3b

Operates as a restaurant franchisor in South Africa and internationally.

JSE

Market Cap: R12.9b

Operates as a stock exchange in South Africa.

Wilson Bayly Holmes-Ovcon

Market Cap: R8.9b

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

Momentum Group

Market Cap: R49.1b

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: R2.0b

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.

Omnia Holdings

Market Cap: R15.0b

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.

Transpaco

Market Cap: R1.1b

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

Afine Investments

Market Cap: R362.0m

Operates as an investment property holding company.

OUTsurance Group

Market Cap: R109.9b

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

Clientèle

Market Cap: R8.5b

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

Standard Bank Group

Market Cap: R498.3b

Provides financial products and services in South Africa and internationally.

Hudaco Industries

Market Cap: R5.5b

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

Altron

Market Cap: R8.4b

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

Primeserv Group

Market Cap: R185.5m

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

Gold Fields

Market Cap: R634.7b

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