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 handled through African Resonance and Dashpay, while the software side involves systems development and consulting. The company owns 17.5%...
Nictus (NCS) is a furniture and electrical appliance retailer with three stores in South Africa. It also sells short-term insurance through Corporate Guarantee. In its financials for the six months to 30th September 2023, the company reported revenue of R15 million, down from the previous period's R16.6 million, and earnings per share (EPS) of 6.93c compared with...
Copper 360 describes its business as follows, "The Copper 360 business is focused on (a) processing historical mined copper rock dumps through a process of environmental clean-up, and (b) mining surface and shallow copper resources." The company has acquired (through SHIP) an extensive database from companies such as American Mining Conglomerate Newmont and Global...
Pan African Resources (PAN) is a London- and JSE-listed re-treatment gold producer. With its Elikhulu plant, it will be able to produce about 700,000 ounces of gold a year at a cost of about R450,564 per kilogram, against a current gold price of close to R1 million. This means that over its life, it will produce revenue of approximately R15 billion, of which R5.3...
RCL Foods (RCL) is a large producer of food, sugar products, and chicken in South Africa, owned 80.4% by Remgro. The company owns a number of very well-known South African brands such as 5 Star maize meal, Farmer Brown, and Yum Yum peanut butter. It competes with overseas imports of sugar, chicken, and other foods. The company was impacted by the listeriosis...
British American Tobacco (BTI) describes itself as a "leading consumer goods company," which is a euphemistic way of saying that they produce and sell an enormous number of cigarettes and related products worldwide. It is also the second largest company on the JSE after Naspers. In recent decades, cigarette companies have become increasingly oppressed. Their...
Momentum Metropolitan (MTM) is an insurance company listed on the JSE and the Namibian stock exchanges. It was formed by the merger of Momentum and Metropolitan in December 2010. The company participates in all aspects of short and long-term insurances and various financial services. It was the first insurance company to achieve level 1 BBBEE status. Recently, the...
Sygnia (SYG) describes itself as a "specialist financial services group." It is South Africa's largest provider of exchange-traded funds (ETF) and has a number of unit trusts. The company has R217.7 billion under management and appears to be taking market share away from other asset managers. Sygnia Itrix makes it possible for Sygnia to attract funds looking for...
Vukile (VKE) is a real estate investment trust (REIT) trading on the JSE and the Namibian Stock Exchange. It owns properties directly, shares in other REITs, property in the UK, and a growing portfolio of properties in Spain. Fifty percent of its assets are in Southern Africa, mainly in retail, 46% in Spain, and 4% in the UK. Vukile has a policy of re-investing...
MultiChoice (MCG) is a leading entertainment company in Africa and one of the fastest-growing pay-TV broadcast providers in the world with 21.1 million subscribers in 50 countries. The company's 90-day subscriber base is split 42% (8.9 million) in South Africa and 58% (12.2 million) in the rest of Africa. The share was spun out of Naspers and separately listed on...
AYO is a black-owned technology company that was spun out of AEEI, which still holds a 49.4% stake. The company has been mired in controversy, notably due to a massive R4.3 billion investment by the Public Investment Corporation (PIC), which led to a court action by the PIC. This was finally settled on 31st March 2023, with AYO paying the PIC R619 million....
Brikor (BIK) is a company that manufactures bricks, roof tiles, and clay pipes. It was listed on the Alt-X in August 2007 and describes itself as "...a diverse manufacturer and supplier of building and construction materials across a broad spectrum of the market from low-cost housing, residential to commercial, industrial, civil engineering, and infrastructure...
Fairvest (FTB) is a real estate investment trust (REIT) specializing in investing in smaller rural and non-urban shopping centers that focus on consumers with a lower living standard measure (LSM). It has 131 properties valued at R11.8 billion, broken down as 67% retail, 23% office, and 10% industrial. It also owns 60.9% of Indluplace (ILU) and 5.1% of Dipula...
Huge (HUG) is a telecommunications, media, and software company with operations in South Africa, Mozambique, Namibia, Lesotho, Swaziland, Botswana, Zambia, and Zimbabwe. It has the following main operating subsidiaries: Huge Cellular (49%), Huge Networks (50.03%), Huge Technologies (100%), Huge Telecoms (100%), Huge Soho (49%), Huge Media (96%), Huge Messaging...
Mahube (MHB) is an infrastructure holding company that reversed into Gaia and is involved in large-scale energy, transport, water, and sanitation projects. It is 41.35% owned by the Government Employees Pension Fund (GEPF). The company says, "Mahube Infrastructure owns five renewable energy assets – two wind farms and three solar PV (photovoltaic) farms – all of...
MAS (MSP) is a real estate investment trust (REIT) that invests in office, commercial, logistics, retail, and hospitality properties in Europe and the UK. This REIT was started by Martin Slabbert and Victor Semionov, who are well known for establishing NEPI - which merged with Rockcastle. They are highly regarded as European property experts. The company is...
Oando (OAO) is an oil and gas company located primarily in Nigeria. It has listings on both the JSE and the Nigerian Stock Exchange. The problem with a share like this from a private investor's perspective is that it is highly risky. Firstly, it is a commodity share whose fortunes are determined by the international price of oil. Secondly, its business is located...
Sirius (SRE) is a real estate investment trust (REIT), listed on the JSE and the London Stock Exchange (LSE), which specializes in office, manufacturing, and warehousing properties in Germany. The company owns 141 assets with a book value of about 2 billion euros. Obviously, this is a well-managed and growing rand-hedge which was benefiting directly from the...