The International Hotel Group is expected to join the Johannesburg Stock Exchange later this week on October 14, bringing with it further international assets for investors to consider in the local South African market context. The company, which is currently listed on the stock exchange in Luxembourg, owns numerous hotels in various European countries, including the UK.
This a UK-based shopping mall developer made the leap to SA and took up a secondary listing on the JSE on October 7, joining other similar companies such as Redefine International, Sirius Real Estate, and Stenprop. Capital & Regional now gives South Africans exposure to western European listed properties, specialising in dominant community retail and leisure centres in the United Kingdom, bringing a portfolio value of around $1,5 billion to the Johannesburg bourse.
Interestingly, this one is a comeback story, as Waco International Holdings was previously present on the JSE before de-listing in 2000 due to a takeover by a private equity consortium. The decision has now been taken to return Waco to South African investors via the stock market, as the diversified equipment and industrial services business attempts to increase investment opportunities and raise around $139 million from the sale of shares when they list on October 23. The South African company currently undertakes operations in Africa, Australasia, the UK and Chile.
The asset management company plans to list on the JSE on October 14, but before they do so the idea was to raise a sum of $16 million through selected investors. The Cape Town based business focuses on low-cost products, and in so doing it separates itself from other similar companies available on the JSE such as Coronation and Anchor, due to the low margin index trackers and multi-managed funds that it focuses on.
The familiar name in South African security gates and other related products is finally making the jump to the Joburg stock exchange, planning to list on October 28 and gaining momentum amongst potential investors in the run up to the anticipated listing. They are expected to attract retail investors as well as big names such as Cannon International and Coronation Group Investments, which are prospective shareholders with a combined stake of 13.5 per cent. The company enjoys an estimated 35% market share in SA’s main centres and around 50% in outlying areas, thanks to 72 franchises in South Africa and distributors in 17 African nations.
Capital Appreciation is planning to list on the JSE at the end of this week on October 16, with the company’s board looking like a who’s who of South African business, including the likes of co-founder of Netcare Motty Sacks, former SAB CEO Meyer Kahn, former Bidvest director Alan Solomon, and CEO of the Public Investment Corporation Dan Matjila. As a SPAC the company will not operate as a business in the traditional sense, but will rather exist in order to acquire control of one or more enterprises of scale with good growth potential, with a specific focus on the services sector.
The sectional housing development firm is looking to list on the JSE around the middle of this month, and will likely benefit from an increased demand for housing in the country. Established in 1996, Balwin has developed, marketed and sold over 70 residential estates made up of around 13,500 residential units. It will become only the second residential asset property fund to list on the Johannesburg Stock Exchange, with the first being Indluplace Properties.
