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Johann Rupert's Remgro (REM) is an investment holding company which owns 28,2% of Rand Merchant Bank Holdings (RMH) and 3,9% of Firstrand. But that is not Remgro's only investment. It also owns Mediclinic, an international healthcare company with divisions in Switzerland, Southern Africa and United Arab Emirates which has now been delisted from the JSE. Remgro...

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Discovery (DSY), developed and built by Adrian Gore over the past 25 years, offers the A/B income group of people a matrix of financial services which are inter-linked and cross-selling. Thus a customer can begin with his/her medical aid and then add to that a variety of insurance products and now, most recently, personal banking products. Discovery's "Vitality"...

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MC Mining (previously "Coal of Africa") (MCZ) is a small metallurgical coal-mining company with a single producing mine (Uitkomst). Aside from Uitkomst, the company is developing the Makhado project, the Vele colliery and MbeuYashu. The Makhado project is the company's flagship operation in the Limpopo province. It is an opencast mine with a life of 16 years and...

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Choppies (CHP) is a Botswana-based grocery retailer with 212 stores which operated in South Africa, Botswana, Zimbabwe, Zambia and Kenya. The company has a primary listing on the Botswana Stock Exchange (BSE) and a secondary listing on the JSE. What is clear is that the grocery market in Southern Africa is fiercely competitive and it will always be difficult for a...

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Telemasters (TLM) is a company which supplies voice, data and cloud communications using fixed line, fixed cellular, fixed data, and PBX services. It has three divisions - voice, cloud PBX and internet. The business consists of (1) Catalytic Connections (Pty) Limited is a diversified ICT managed solutions provider to medium and small enterprises. (2) Contineo...

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Trellidor (TRL) is a manufacturer of barrier security products, blinds and security shutters since 1976. The company is divided into the Trellidor business (security barriers) and the Taylor business (security and decorative blinds). Taylor also imports and distributes cornicing and skirting. The company has 70 franchise outlets in South Africa and a very strong...

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Capprec (CTA) is a fintech company offering payments and payment infrastructure as well as software and services. Patrice Motsepe's African Rainbow Capital (ARC) owns a stake. The payments side of the business is done through African Resonance and Dashpay. The software side involves systems development and consulting. The company owns 17,5% of Resonance Australia...

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Grand Parade Investments (GPL) is an investment holding company with interests in the gaming industry. The company is a BEE company which was listed on the JSE in 2008. It decided to terminate its Dunkin' Doughnuts and Baskin Robbins franchises in February 2019 and Burger King in February 2020. It had sold its remaining 10% in the Spur Corporation back to Spur in...

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Transaction Capital (TCP) is a company which has three divisions - minibus taxis, risk services, and WeBuyCars. It specialises in financing, repairing, insuring and selling minibus taxis in South Africa. It completely dominates the entire value chain associated with the minibus taxi industry. The company listed in June 2012 and since then and until 2023, the...

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Mustek (MST) is South Africa's largest assembler of personal computers under its brand name Mercer. It also imports a variety of computer products such as Samsung, Acer and Microsoft. The company consistently trades well below its net asset value (NAV). The company is beginning to benefit from its fibre-to-the-home activities and selling additional hardware as a...

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Afrocentric (ACT) is a black-owned investment holding company which focuses on health administration and insurance. Sanlam recently acquired 28,7% of the company which will help with its financing and marketing. The group owns 100% of Pharmacy Direct (a courier company), 100% of Curasana (a pharmaceutical wholesaler) and has recently acquired the other 74% of...

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Rhodes (RFG) is a Western Cape manufacturer of convenience foods - started by Cecil John Rhodes in 1896. It has several well-known South African brands like Bisto, Bull Brand and Hinds. It has 15 manufacturing plants in South Africa and a fruit processing plant in Swaziland. In its results for the six months to 2nd April 2023 the company reported revenue up 10,2%...

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Oceana (OCE) is Southern Africa's largest fishing business which also has significant fishing interests in the US through its Louisiana-based subsidiary Daybrook Fishing. It is listed on both the JSE and the Namibian stock exchange. The company produces canned fish, fish meal, fish oil, hake, and mackerel as well as lobster and squid. It is subject to quotas which...

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On 11th September 2019, Naspers (NPN) separately listed Prosus (PRX) on the Euronext in Amsterdam to house all its international assets including its stake in Tencent, Mail.Ru and other internet brands. Naspers holds 73% of Prosus and there is a 25% free float. One of the benefits of the Euronext listing is that it removes the risk inherent in the rand, so Prosus...

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Naspers (NPN), Africa's largest company, is a massive international social media, gaming, and IT company whose main asset is 73% of Prosus (PRX) which in turn owns 26% of Tencent - a Hong Kong-listed company that provides social media services and gaming in China. Tencent has 10 of China's 20 top mobile applications reaching over 1,1bn users. Naspers itself has an...

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York Timber Holdings (YRK) is a forestry company which owns plantations and processing plants, as well as a wholesaling distribution network. It is the biggest player in the South African plywood and timber market. The company was founded by a Russian immigrant, Herman Katzenellenbogen in 1916. The company was listed on the JSE in 1946. The National Union of...

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Putprop (PPR) is a property company which was spun out of Putco (the bus company) and separately listed on the JSE in July 1988. The company owns 16 properties in industrial, retail and office with a gross lettable area (GLA) of 98484 square meters and a value of R1056,4m. In its results for the year to 30th June 2023 the company reported headline earnings per...

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Outsurance (OUT) took over the listing of Rand Merchant Insurance (RMI) with effect from 7th December 2022. RMI unbundled its stakes in Discovery (DSY), and Mommet (MTM) and sold its 30% stake in Hastings Plc for R14,6bn. By March 2023, all that was left was the insurance business of Outsurance. In its results for the year to 30th June 2023 the company reported a...