South African Capital Goods Low Leverage High Rewards

Wilson Bayly Holmes-Ovcon

Market Cap: R7.6b

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

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: R1.7b

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.

Bell Equipment

Market Cap: R3.5b

Designs, manufactures, exports, distributes, and supports a range of heavy equipment for the mining and quarrying, construction, forestry, agriculture, and industry sectors in South Africa, Rest of Africa, and Europe.

Hudaco Industries

Market Cap: R5.5b

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