Naspers (NPN), Africa's largest company, is a massive international social media, gaming, and IT company whose main asset is a 73% stake in Prosus (PRX), which in turn owns 26% of Tencent—a Hong Kong-listed company providing social media services and gaming in China. Tencent boasts 10 of China's top 20 mobile applications, reaching over 1.1 billion users. Naspers...
Newpark is a South African real estate investment trust (REIT) specializing in commercial and industrial properties. The trust's portfolio is valued at R1.37 billion and encompasses a gross lettable area (GLA) of 57,249 square meters. Newpark owns four properties, including two in the Sandton CBD, one in Linbro Business Park, and one in Crown City. In its...
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, making...
Richemont (CFR), controlled by the Rupert family in Stellenbosch, is the world's second-largest supplier of luxury goods. The company's sales are entirely located overseas, making it an excellent rand-hedge. Its prestigious luxury brands include Mont Blanc, Cartier, Lancel, Jaeger-LeCoultre, Van Cleef, and Piaget. Richemont has significantly enhanced its online...
Trematon (TMT) is an investment holding company with subsidiaries, joint ventures, and associate companies, primarily located in the Western Cape. The company engages in investing both in listed and unlisted shares. Initially, most of Trematon's investments were related to property, but its portfolio has since diversified beyond this sector. Among its holdings is...
Main ideas: The US and South African elections in 2024: The outcome of the elections in both countries will have long-term and pervasive impacts on the markets, especially if Biden wins in the US and Zuma runs again in South Africa.12 The US economy and the war in Gaza: The US economy is booming, but inflation and interest rates are higher than expected....
Sanlam is a powerhouse in the insurance and financial services industry, not just in South Africa but on a global scale. Established in 1918, it has expanded its operations significantly over the years, now reaching into multiple continents including Africa, Europe, America, and Asia, with particularly strategic operations in the UK, America, Europe, India,...
Southern Sun Hotels, previously known as Tsogo Sun Hotels, is a prominent player in the gaming, hotel, and entertainment industry in South Africa. The company strategically separated its gaming and hotel operations into distinct entities, aiming to unlock shareholder value and enhance focus within each business unit. Economic Context and Business Adaptation: The...
Coronation Fund Managers (CML) is a significant figure in South Africa’s asset management landscape, recognized as one of the largest managers in the country and the only one directly listed on the Johannesburg Stock Exchange (JSE). Established in 1993, the company experienced robust growth until a pivotal leadership change in 2015 when Adrian Pillay took over as...
DKR is a real estate investment trust (REIT) that focuses on German retail properties, particularly in smaller, "micro" locations rather than major urban centers. The company boasts a portfolio of 173 properties, encompassing approximately 989,000 square meters and valued at €1.14 billion. This strategic focus on niche markets differentiates DKR from other REITs...
The enX Group is a diversified industrial company operating primarily in Southern Africa, with a portfolio that spans across several key sectors, including petrochemicals, fleet management, logistics, and industrial equipment. The company has a strategic focus on distributing branded products and services, making it integral to industrial and commercial operations...
Nepi-Rockcastle (NRP) is a prominent real estate investment trust (REIT) that plays a significant role in the European commercial property market. As a member of the Resilient group, it experienced significant market fluctuations due to external factors, including a scandalous report in 2018 and the global COVID-19 pandemic. Despite these challenges, the REIT has...
Santova is a sophisticated international logistics firm, with operations extending across 19 offices in 7 countries, including key markets in Asia (Thailand, Vietnam, Malaysia), Europe (Germany, the Netherlands, the UK), and other locations like South Africa, Mauritius, and Sydney, Australia. The company specializes in designing, implementing, coordinating,...
Sea Harvest Group (SHG) stands out as South Africa’s leading frozen fish brand, commanding approximately 38% of the market. The company, which is majority-owned by Brimstone with a 54.92% stake, specializes in catching, processing, and freezing fish primarily for local and export markets. Sea Harvest has recently expanded its operations through strategic...
Stefanutti Stocks (SSK) is a South African construction company that has long been a player in both the local and international markets, including sub-Saharan Africa and the United Arab Emirates (UAE). The company offers a broad range of services, including roads and earthworks, marine construction, concrete structures, and more. Despite its diverse service...
Universal Partners (UPL) is an investment holding company with a robust portfolio, primarily listed in Mauritius and secondarily on the Alt-X of the Johannesburg Stock Exchange (JSE). Since its inception in 2013, Universal Partners has strategically invested in diverse businesses across various sectors, demonstrating a keen eye for value and growth...
Vodacom, as South Africa's largest provider of airtime and data for cell phones, plays a crucial role in the telecom sector. It operates as a subsidiary of the international conglomerate Vodafone, facing competition from MTN, Cell-C, and Telkom. The industry has seen a significant shift with a decline in voice revenue, although this has been somewhat offset by a...
Stor-Age (SSS) stands out as the only real estate investment trust (REIT) on the Johannesburg Stock Exchange (JSE) that specializes in the acquisition and operation of domestic storage facilities across major South African cities and the United Kingdom. Currently, the company's operations are distributed with approximately 60% in South Africa and 40% in the UK....