If you are new to the stock market and buying JSE shares for the first time, it’s best to stick with the largest publicly-listed companies in South Africa that have stood the test of time. We look at the 10 best JSE shares to buy right now and a few others to watch in 2023.
Choose your quick section of our Best shares to Buy below.
Our 10 Best Handpicked Best shares to Buy Revealed:
- ✔️Anglo American
- ✔️AngloGold Ashanti
- BHP Billiton
- British American Tobacco
- Gold Fields
British American Tobacco
Name Anheuser-Busch InBev SA NV
JSE code ANH
ABInBev is a publicly-traded company based in Belgium. It’s primary listing is on Euronext, a stock exchange in Europe that operates markets in Amsterdam, Brussels, Dublin, Lisbon, London, Milan, Oslo and Paris. ABInBev has secondary listings on the JSE in South Africa, MEXBOL in Mexico and the NYSE in America.
ABInBev is a global brewing company that resulted from the merger between Belgium-based company Interbrew and Brazilian brewer AmBev which took place in 2004. It existed independently until the acquisition of Anheuser-Busch in 2008, which formed Anheuser-Busch.
ABInBev offers a diverse portfolio of over 500 beer brands. Famous ABInBev brands include Budweiser, Corona, Stella Artois, Castle, Castle Light, Hoegaarden and Leffe.
The CEO of ABInBev is Carlos Alves de Brito (2008-) and its headquarters are in Leuven, Belgium.
Name Anglo American plc
JSE code AGL
Sector Industrial metals and mining
Anglo American is a leading global mining company with a world-class portfolio of mining and processing operations and undeveloped resources. The mining giant operates in 15 countries and is the world’s largest producer of platinum with around 40% of world output, as well as a major producer of diamonds, copper, nickel, iron ore and metallurgical and thermal coal.
Anglo American Corporation was founded in 1917 by Sir Ernest Oppenheimer to exploit the gold fields of the East Rand in South Africa. Anglo American plc was formed in May 1999 through the combination of Anglo American Corporation of South Africa (AACSA) and Minorco.
The primary listing of Anglo American plc for ordinary shares is on the London Stock Exchange (LSE). It has secondary listings on the JSE in South Africa, the SWX in Switzerland, the BSE in Botswana and the NSE in Namibia. Over US$ 6 billion has been returned to shareholders since 2017.
The CEO of Anglo American plc is Mark Cutifani (2013-) and its headquarters are in London, United Kingdom.
Name AngloGold Ashanti Ltd
JSE code ANG
Sector Precious metals and mining
AngloGold Ashanti Ltd is a global gold mining company with a diverse, high-quality portfolio of operations, projects and exploration activities across ten countries on four continents. The mining giant is the third-largest gold producer globally and the largest on the African continent.
Gold is the principal product mined and processed by AngloGold Ashanti but international mining operations also oversee the production of silver in Argentina and sulphuric acid in Brazil.
AngloAmerican Ashanti is listed on the JSE in South Africa, the NYSE in America, the ASX in Australia and the GSE in Ghana. AngloAmerican Ashanti (ANG) is included in the JSE Top 40 Index, the S&P Global CSA, the FTSE/JSE Responsible Investment Index Series (the FTSE4Good Index), the Responsible Mining Index and the Bloomberg 2023 Gender-Equality Index.
The CEO of AngloAmerican Ashanti is Kelvin Dushnisky (2018-) and its headquarters are in Johannesburg, South Africa.
Name BHP Group plc
JSE code BHP
Sector Industrial metals and mining
BHP Billiton is a world-leading resources company involved in the extraction and processing of minerals, oils and gas. It’s primary operations are in Australia and the Americas.
Minerals mined in Australia include copper, iron ore, coal and nickel. Minerals mined in the Americas include copper, zinc, iron ore, coal and potash. The BHP petroleum unit comprises conventional oil and gas operations, and includes exploration, development, production and marketing activities in the United States, Australia, Trinidad and Tobago.
The CEO is Mike Henry (2020-) and its headquarters are in Melbourne, Australia.
British American Tobacco
Name British American Tobacco plc
JSE code BTI
British American Tobacco (BAT) is one of the world’s most famous consumer goods companies. It manufactures and distributes the largest nicotine and tobacco brands in the world and has factories in 48 countries.
The BAT Group has over 200 brands sold in more than 200 markets. The global merger of Rothmans International with BAT in 1999 created the business as it is known today and led to the creation of BAT South Africa. BAT South Africa forms part of British American Tobacco plc’s AmSSA region and the East and Southern Africa (ESA) area.
BAT South Africa is the leading tobacco manufacturer in South Africa by market share. It has a strong heritage of more than 100 years in South Africa and is the only large-scale tobacco manufacture producing locally in South Africa. BAT SA buys 90% of locally-grown tobacco leaf and supports 200 commercial tobacco farmers, 150 emerging farmers and 10 000 agricultural jobs.
BAT has a primary listing on the London Stock Exchange and is a constituent of the FTSE 100 Index. It has a secondary listing on the Johannesburg Stock Exchange (JSE). BAT plc ordinary shares are also listed on the New York Stock Exchange in the form of American Depositary Shares.
The CEO of BAT is Jack Bowles (2019-) and its headquarters are in London, United Kingdom. The General Manager of BAT SA is Johnny Moloto.
Name FirstRand Ltd
JSE code FSR
FirstRand Ltd is a public company and registered bank controlling company. FirstRand Ltd. is the holding company of the FirstRand group of companies which offers a portfolio of integrated financial services businesses as well as a universal set of transactional, lending, investment and insurance products and services.
FirstRand Limited is the largest financial institution by market capitalisation in Africa. Leading companies in its portfolio include FNB, RMB, Wesbank, Direct Axis, Aldermore, MotoNovo, MotoAdvantage, Ashburton Investments and FCC.
First Rand Ltd has a primary listing on the Johannesburg Stock Exchange Ltd (JSE) and a secondary listing on the Namibian Stock Exchange (NSX). FirstRand Limited operates in South Africa, certain markets in sub-Saharan Africa, the UK and India.
The Group has a track record of delivering superior returns to shareholders that has been achieved through a combination of organic growth, acquisitions, innovation and the creation of completely new businesses.
The CEO of Firstrand Ltd is Alan Pullinger (2018-) and its headquarters are based in Johannesburg, South Africa.
Name Gold Fields Ltd
JSE code GFI
Sector Precious metals and mining
Gold Files Limited is a diversified gold producer with nine operating mines in South Africa, West Africa (Ghana), Australia and the Americas (Peru) as well as one project in Chile. Growth efforts are focused mainly in the regions where it currently operates and are mainly driven through brownfields exploration on its existing land positions and through mergers and acquisitions in the same regions.
In 2012, Gold Fields Limited unbundled its subsidiary, GFI Mining South Africa Proprietary Limited which was then renamed Sibanye Gold Limited. It consists of the KDC (formerly Kloof) and Beatrix mines, as well as an array of support service entities in South Africa. The three mines transferred from Gold Fields Ltd to Sibanye, later Sibanye-Stillwater, were Beatrix gold mine, Kloof gold mine and Driefontein gold mine.
Gold Fields has a primary listing on the Johannesburg Stock Exchange (JSE) in South Africa and a secondary listing on the New York Stock Exchange (NYSE) in the USA.
The CEO of Gold Fields Limited is Chris Griffith (2021-) and its headquarters are in Johannesburg, South Africa.
Name Naspers Ltd
JSE code NPN
Sector Software and computer services
Naspers is a global Internet group and one of the largest technology innovators and investors in the world. It was founded in 1915 and operates in over 80 countries.
Naspers runs or invests in some of the world’s leading Internet platforms. The two largest brands in its portfolio is Media24 and Takealot. Naspers also has sizeable investments in associate companies such as Prosus, Tencent, Mail.ru, MakeMyTrip and Delivery Hero. Naspers operates and invests in companies, countries and markets across the world with long-term growth potential
Naspers is listed on the Johannesburg Stock Exchange (JSE) and has an ADR listing on the London Stock Exchange. (LSE).
The CEO of Naspers is Bob van Dijk (2014-) and its headquarters are based in Cape Town, South Africa.
Name Prosus NV
JSE code PRX
Sector Software and computer services
Prosus is a global consumer Internet group and one of the largest technology investors in the world. It is majority-owned by Naspers, a globally-diversified Internet group. Prosus is and is focused on building leading technology in the following sectors: online classifieds, online payments and financial services and food delivery.
Prosus operates in diverse markets across the globe, including southern Africa, India, Russia and Brazil. The technology company is also involved in the education-technology and health sectors through various subsidiary ventures.
Famous brands in its portfolio include Avito, Brainly, BYJU’S, Codecademy, eMAG, Honor, iFood, LazyPay, letgo, Meesho, Movile, OLX, PayU, Red Dot Payments, Remitly, SimilarWeb, SoloLearn, Swiggy, and Udemy.
Prosus is majority-owned by Naspers and the CEO of Naspers is Bob van Dijk (2014-). The South African headquarters for Prosus is based in Cape Town, South Africa.
Name Compagnie Financière Richemont SA
JSE code CFR
Sector Personal goods
Compagnie Financière Richemont SA is a regional subsidiary of one of the world’s leading luxury goods groups.
Richemont owns a portfolio of prestigious Maisons that are recognised for their excellence in jewelry, watches, fashion and accessories. They are renowned for their distinctive heritage, craftsmanship and creativity. The Richemont Group boasts having 25 Maisons and businesses and 2 247 monobrand boutiques.
Famous brands in the Richemont portfolio include Cartier, Van Cleef & Arpels, Piaget, Vacheron Constantin, Jaeger-LeCoultre, IWC Schaffhausen and Montblanc. The Group’s unique portfolio also includes leading online distributors that are focused on expert curation and technological innovation to deliver the highest standards of service.
Richemont was formed in 1988, when the Rembrandt Group spun off its non-South African operations into the new entity. Those interests were principally a 30 percent interest in Rothmans International and a minority interest in Cartier, Piaget and Baume & Mercier.
Richemont A shares are listed and traded on the SIX Swiss Exchange. Richemont South African Depository Receipts are traded on the JSE Securities Exchange South Africa.
The CEO of the Richemont Group is Jérôme Lambert (2018-) and its headquarters are based in Bellevue, Switzerland.
JSE shares to watch in 2023
Keep an eye on these companies in 2023. Their long-term broker ratings and price targets look good and they promise a good return of investment based on macro-environmental factors that have pushed them to the forefront of publicly-listed shares to watch in 2023.
Bidcorp Group manufactures and distributes frozen and chilled products for the catering and food service sector. Bidcorp has a low debt to equity ratio of 13%, solid EBITDA interest cover of 31x and potential to use that strength to good effect. Full year results for Bidcorp were good in 2020 and the Group has experienced performances in other countries where it operates. There is potential for real growth in forthcoming year.
Curro Holdings is an independent network of educational institutions which owns and operates schools in South Africa. Its share price is low and affordable but it is a good investment option because the Group has been witnessing an upwards growth trajectory for some years now. Curro Holdings is thought to be undervalued and it seems its growth outlook has not yet been fully factored into the share price. It’s a JSE share to watch or buy now and hold.
This South African freight company is one of the oldest and the most reputed brand names in the region. It’s high liquidity rate and cash flow is what makes it a safe and secure investment opportunity. Apart from a stable income, the company has shown great prospects in terms of earning and also maintaining a yearly 8% growth in revenue over the last couple of years.
MTN Group Limited, formerly M-Cell, is a South African multi-national mobile telecommunications company, operating in many African and Asian countries. Its head office is in Johannesburg. Currently, MTN’s shares are undervalued.
Fund managers say the share price of MTN is undervalued and this may be a good time to invest the telecom company, citing growth in the mobile payments platform. In 2020, MTN lost more than 50% of its value on the JSE as a result of Covid-19 and exposure to oil-producing countries such as Nigeria. It has gained 99.7% since its low point in March 2020 which has put the company in the spotlight.
Netcare, MediClinic and Life Healthcare
Private hospitals in South Africa are trading at the cheapest levels in years. In fact, they’re sitting in single-digit forward price-earnings ratios. The health services in South Africa have been negatively impacted by the Covid-19 pandemic but this is reflected in the current share price. It’s a good time to buy and hold for the long term.
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