During the last quarter, the Absa Group released its interim financial results for the period ending on June 30, 2023. In this update, we found that Absa’s performance was under scrutiny when compared to their four peers.
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Earlier this year, our analyst Sandile Magagula had the opportunity to visit the Lethabo power station situated in the Free State province of South Africa, near the town of Vereeniging.
In late 2022, the Spar Group was trading at an un-demanding valuation having suffered a 20% decline in the share price for the year, a Price-to-Earnings (PE) ratio at a 24% discount to its 10-year average, and the Price-to-Book (PB) ratio was at a 40% discount.
Reunert, an industrial manufacturing company, has a rich history dating back to its establishment in 1888. It specializes in producing a wide range of products, including power and telecommunications cables, low-voltage cables, circuit breakers, renewable energy products, office automation, and high-precision electronic products for defense.
Transaction Capital is a South African holding company that invests in and operates high-potential businesses in markets with historically low levels of client service and trust.
The Vodacom brand is no stranger in South Africa or Africa as a whole, servicing over 500 million customers and holding a market-leading position in six countries, including Tanzania, Lesotho, Egypt, and South Africa.
If you’ve visited a South African grocery store recently, you know very well that prices have been on the rise. Similarly, South Africans with mortgages can attest to the fact that interest rates have also climbed.
As Stadio is predominantly a distance learning educator with investments already made in their digital and physical infrastructure, they can naturally take on the role as a viable alternative for UNISA -and of course traditional tertiary education.
The latest statistics indicate that Transnet’s tonnage has declined by 29% since 2010, reaching a record low of 45 million tonnes in Q1 of this year compared to a high of 73 million tonnes in 2018. The main reasons for this decline are inefficient management and a lack of investments in Transnet’s ability to service the country’s production growth.
South32 is a global diversified mining company that was spun off from BHP Billiton in 2015. The company operates in several commodities including alumina, aluminium, manganese, nickel, silver, zinc, and metallurgical coal.