South African Retail Low Leverage High Rewards

Truworths International

Market Cap: R20.5b

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

Mr Price Group

Market Cap: R44.7b

Provides fashion-value merchandise in South Africa and internationally.

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.