Afine (ANI) is a real estate investment trust (REIT) formed in 2021, specializing in acquiring petrol stations. The company acquired five petrol stations in February 2021 and two more in May 2021. In its results for the year to 29th February 2024, the company reported revenue up 2.7% and headline earnings per share (HEPS) down 4.1%. The company said, "Afine’s...
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 in the company. The payments side of the business is managed through African Resonance and Dashpay, while the software side involves systems development and consulting. The company also owns...
Delta Property (DLT) was a level 2 black empowered real estate investment trust (REIT) with a portfolio valued at R11.3bn and a loan-to-value ratio of 44.3%. Roughly 80% of its rental income came from the government or state-owned enterprises such as Eskom. The company specialized in renting buildings to government and quasi-government organizations in major South...
Emira Property (EMI) is a real estate investment trust (REIT) with substantial exposure to the South African economy through its office properties. It owns the prestigious Knightsbridge office park in Bryanston. Under the leadership of new CEO Geoff Jennett, the business has been consistently improving. The company has about R760m of overseas exposure, mostly to...
Trustco (TTO) is a financial services group operating out of Namibia and controlled by its CEO, Dr. Q. van Rooyen, who holds just over 50% of the shares. The company has three main areas of activity: 1. **Insurance & Investments** 2. **Resources** 3. **Banking/Finance** In its results for the six months to 28th February 2023, the company reported a loss of NAD...
Zeda is a car rental company unbundled and spun out of Barloworld, with a fleet of 250,000 vehicles and 14 dealerships around South Africa. It holds the license for the Avis brand in South Africa. The company is 55 years old and listed on the JSE on 13th December 2022, with Ramasela Ganda as its CEO. In its results for the six months to 31st March 2024, the...
The sad fall of the Woolworths (WHL) share price was largely due to the decision of previous CEO, Ian Moir, and his board to buy David Jones in Australia for AU$2.1bn. This acquisition has now had R12bn written off its original purchase price of R20bn in 2014. The only aspect sustaining the Woolworths group was its food sales. On 14th January 2020, Woolworths...
Santova (SNV) is an international logistics company with 19 offices in 7 countries. The company designs, implements, coordinates, controls, and monitors international supply chain activities. Through a virtual client-centric information system, the company facilitates inventory management to provide far more than simple tracking and tracing services. Santova has...
Reinet (RNI) is an investment holding company whose main asset is a holding of roughly 2.12% of British American Tobacco (BAT) worth about $1.8bn, which now accounts for 31% of its net asset value (NAV) - down from 85% ten years ago. This decline from a year ago is because the price of BAT shares has fallen. Most of this reflects the more difficult legal...
Pepkor Holdings (PPH), previously known as Pep, is 71.01% owned by Steinhoff International. Following the collapse of the Steinhoff group due to admissions of "accounting irregularities," the directors of Pep decided to change their name back to Pepkor Holdings to avoid negative publicity. The group includes Ackermans, PEP Stores, Bradlows, and HiFi Corporation....
GTC is a property group operating in Central and Eastern Europe, with properties in Poland, Bucharest, Budapest, Belgrade, Sophia, and Zagreb. The company manages forty-seven office buildings and six retail properties with a gross lettable area (GLA) of 829,000 square meters, worth about 2.35 billion euros. It is listed on the Warsaw Stock Exchange (WSE) and the...
AYO is a black-owned technology company that was spun out of AEEI, which still holds 49.4% of the company. There were suspicious circumstances surrounding a massive R4.3bn investment by the Public Investment Corporation (PIC), which has been the subject of a court action by the PIC. This was finally settled on 31st March 2023, with AYO paying the PIC R619m. In...
African Media Entertainment (AME) is a company specializing in running radio stations, with revenue coming principally from advertising on those stations. It has four divisions: 1. **Algoa FM**: Broadcasts from the Garden Route to the Wild Coast. 2. **OFM**: Broadcasts in the Free State, North-West province, Northern Cape, Southern Gauteng, and Northern Natal. 3....
Anglo American (AGL) mitigates the typical risk associated with commodity stocks in two ways. Firstly, the company has a diverse portfolio of different minerals, reducing the impact of any one mineral entering a bear trend. Secondly, it maintains a very strong balance sheet with plenty of headroom, allowing it to ride out economic downturns. Anglo describes itself...
Collins (previously Tradehold) has a portfolio of more than 140 properties with a total gross lettable area of 1.6 million square meters. Most of these properties are industrial, including major distribution centers and industrial complexes let on long-term triple-net leases to leading corporate clients. Collins also manages Tradehold’s Namibian portfolio,...
Barloworld (BAW) is an international supplier of heavy earth-moving equipment and vehicles to the mining, agriculture, infrastructure, power, automotive, and logistics sectors. Its best-known brands include Caterpillar, Avis, Massey-Ferguson, and Challenger. It operates in 24 countries, especially in Southern Africa, Russia, and other emerging markets. Its wide...
Previously known as Mine Restoration, this company invests in mining resources. It owns the Langpan Project, which mines and processes chrome with a high concentration of platinum group metals (PGM). The Langpan orebody consists of 3.1 million tonnes of open cast resource and over 4.9 million tonnes of underground resource, as confirmed by the MSA Competent...
Exemplar (EXP) is a real estate investment trust (REIT) specializing in developing rural shopping centers through its relationship with McCormick Property Development. It listed on the JSE on 12th June 2018. The company owns 26 shopping malls in rural and urban areas close to concentrations of the population, such as Alexandra township and at the Chris Hani...