Quilter Plc (QLT) was spun out of Old Mutual as part of its "managed separation" process and began trading on the London Stock Exchange (LSE) with a secondary listing on the JSE from 25th June 2018. Quilter is a UK-based financial services group offering asset management both domestically and internationally. The company serves 900,000 customers and had GBP101.7...
Sasfin (SFN) is a banking group that specializes in various types of finance for small businesses and high-net-worth individuals. Listed on the JSE in 1987, the company has been investing heavily in its digital platforms and acquisitions. The share had been in a strong downward trend, and investors were advised to wait for a measurable turn in the price, such as...
Cartrack was folded into a new international listing under the name Karooooo (KRO) on 21st April 2021. The company operates in vehicle recovery, insurance, telematics, and fleet management across twenty-four countries worldwide. With a 92% vehicle recovery rate, Karooooo claims industry leadership in this area. It has experienced rapid organic growth, with its...
Bytes Technology, spun out of Altron, was separately listed on the London Stock Exchange (LSE) and the JSE. At the time of listing, it had a market capitalisation of around R13 billion, which has since grown to R26.5 billion. Altron shareholders benefited from the demerger, receiving GBP542 million in shares and cash, marking a significant release of value. Bytes...
This newly formed real estate investment trust (REIT), aReit Prop, focuses on investing in yield-enhancing assets and areas that offer consistent, long-term rental growth. The company has stated that its investment properties consist of three leasehold properties, held for 40 years, which were independently valued ahead of its intended listing as a REIT on the...
Calgro (CGR) is a developer of large-scale integrated properties, rental units, and memorial parks. Established in 1995, the company was listed on the JSE in November 2007. Calgro acquires suitable land, plans developments, and then sells or rents residential units or memorial park plots. The company recently secured additional funding of $25 million to finance...
This ferrochrome operation is controlled by Glencore and operates mines, furnaces, and smelters in Mpumalanga and Limpopo. The Glencore-Merafe joint venture has the capacity to produce up to 2.3 million tons of ferrochrome annually. Merafe receives 20.5% of the proceeds, with the balance going to Glencore. A significant issue for the operation is electricity...
Previously known as "Go Life International" (GLI), Numeral is a company listed in Mauritius with a secondary listing on the JSE's Alt-X market. Its focus is on "nutraceuticals," which are products associated with alternative medicine. These products claim to offer health benefits but are not pharmaceuticals. The company was formed to acquire and exploit...
Sasfin (SFN) is a banking group specializing in various types of finance for small businesses and high net-worth individuals. It was listed on the JSE in 1987. The company has been heavily investing in its digital platforms and acquisitions. The share was in a strong downward trend, and investors were advised to wait for a measurable turn in the price, such as an...
Quantum (QFH) operates in the chicken business, with four key divisions: animal feeds, eggs and layers, broilers, and an African division where it sells related products. The company was significantly impacted by the drought in Southern Africa, but as the drought conditions eased and the price of animal feeds decreased, Quantum benefited from higher egg prices and...
Wesizwe (WEZ) is a miner of platinum group metals (PGMs) through its development of the Bakubung Platinum Mine (BPM). The mine is being developed to access the Merensky and Upper Group 2 (UG2) resources, located near Rustenburg on the Western Limb of the Bushveld Complex. In addition to BPM, the company owns 17.1% of projects 1 and 3 of Maseve Investments. In its...
Coronation (CML) is one of South Africa's largest asset managers and the only one listed on the JSE. Founded in 1993, the company grew successfully until 2015. At that point, the founding CEO resigned, and Adrian Pillay, a well-qualified individual, took over. However, the company has faced challenges since Pillay's appointment. Coronation was heavily invested in...
Zeder (ZED) is PSG's listed, 43.7%-held investment holding company in agriculture. Zeder sold its 28.6% stake in Pioneer Foods (PFG) to PepsiCo for a sum-of-the-parts (SOTP) value of R10.7 billion, receiving about R6.41 billion. As a result, Zeder declared a special dividend of 230c. Zeder's largest investment now is its 98% stake in Capespan, which markets fruit...
Bell (BEL) is a manufacturer and distributor of heavy equipment and earth-moving machinery used in the mining, construction, agriculture, and waste management industries. It has been directly impacted by the slowdown in construction since 2008 and the collapse of the mining industry. Bell's articulated dump trucks (ADTs) are exported worldwide from South Africa...
Mondi (MNP) is a massive international paper and packaging company that started in South Africa but now operates in 30 countries and employs 26,000 people at about 100 sites. The company covers the full spectrum of packaging and is extremely professionally managed. Mondi owns and runs forests, produces wood pulp, paper, and plastic films for a wide variety of...
Allied Electronics Corp, or Altron (AEL), is an information and communications technology company that was founded by Bill Venter in 1965. Recently, the company has been re-focusing on its core business and has sold its 80% stake in Powertech and its 100% subsidiary, Altech UEC (a developer of set-top boxes). Powertech was also sold to a BEE consortium, and Altron...
Equites (EQU) is the only real estate investment trust (REIT) on the JSE that specialises in industrial logistics and distribution properties in South Africa and the UK. It has approximately R12 billion worth of assets in South Africa and R7.4 billion worth in the UK. Its most recent acquisition, a 100,000 square meter logistics property in Germiston, was...
Newpark is a South African real estate investment trust (REIT) that owns commercial and industrial properties valued at R1.37 billion, with a gross lettable area (GLA) of 57,249 square meters. It owns four properties: two in Sandton CBD, one in Linbro Business Park, and one in Crown City. In its results for the six months to 31st August 2024, the company reported...