Page 9 | Ideas and Forecasts on Stocks — South Africa — TradingView

Our opinion on the current state of TFG The Foschini Group (TFG) is an international retailer with a portfolio of 28 fashion brands. The company operates 4,083 trading outlets in 32 countries worldwide, including divisions in London, Australia, and a substantial presence in South Africa. One of TFG’s standout achievements has been its ability to establish a successful business in Australia, where many other retailers, such as Woolworths, have struggled. In 2017, TFG acquired the Retail Apparel Group (RAG) in Australia for just over $3

Our opinion on the current state of SASOL(SOL)Sasol (SOL) is a large international chemicals and energy company with roots in the oil-from-coal technology developed during apartheid-era South Africa. Approximately 50% of the company’s profits are tied directly to the oil price. Sasol’s two main growth areas are its 50% stake in the ethane cracker plant in Louisiana, America, known as the Lake Charles Chemical Project (LCCP), and its development of gas resources in Mozambique. Sasol was awarded two new licenses in Mozambique to explore for g

Our opinion on the current state of BHP(BHG)BHP is a global commodities company headquartered in Melbourne, Australia, with operations focused on minerals, oil, and gas. It employs approximately 62,000 people, primarily in the Americas and Australia. The company produces copper, iron, coal, oil, and gas, and holds significant stakes in some of the world's most prominent mining and resource projects. BHP owns 57.5% of the Escondida mine in Chile, one of the largest copper producers globally, which also produces gold and silver. In Peru, i

Our opinion on the current state of CLICKS(CLS)Clicks (CLS) describes itself as a retail-led healthcare group and operates several well-known brands, including Clicks, GNC, and The Body Shop. The Clicks chain has 782 stores, of which 585 include pharmacies, making it the largest pharmacy chain in Southern Africa. While more retail outlets are incorporating pharmacies, Clicks' main competitor remains the listed Dis-Chem. One historical drawback for the company was its involvement with the now-closed 59 Musica stores. On 10th May 2021, Clicks

Our opinion on the current state of THUNGELA(TGA)Thungela (TGA) represents Anglo American's former coal assets, which were unbundled and separately listed on the JSE and LSE to align with Anglo's policy of divesting from carbon-based fossil fuels. Anglo sold its final 8% stake in Thungela on 25th March 2022 for R1.67 billion. Thungela is a significant exporter of thermal coal in South Africa, employing over 7,500 people and exporting coal to Asia, India, Southeast Asia, and East and North African countries. The company owns 50% of Phola, whi

Our opinion on the current state of SOUTH32(S32)South32 (S32) was spun out of BHP Billiton in 2015, inheriting all of BHP's South African coal assets. It has since established itself as a diversified miner of base metals and minerals, including zinc, coal, aluminium, silver, lead, nickel, and manganese. The company operates in South Africa, South America, and Australia. In 2020, South32 separated its South African coal assets, particularly those supplying Eskom, into a separate entity, which was sold to Seriti on 1st June 2020. Concurrently

Our opinion on the current state of M&R-HLD(MUR)Murray and Roberts (MUR) is a large South African construction company that has faced significant challenges over the years, including the sub-prime crisis and a slump in construction spending following the 2010 World Cup. These issues caused the share price to fall from a double-top formation around R100 per share to a low below R5 in May 2020. The company has since focused on consolidating and reducing costs. It has rebranded itself as a "multinational engineering and construction Group focuse

Our opinion on the current state of MERAFE(MRF)This is a ferrochrome operation controlled by Glencore, which operates mines, furnaces, and smelters in Mpumalanga and Limpopo. The Glencore-Merafe joint venture can produce up to 2.3 million tons of ferrochrome per annum. Merafe gets 20.5% of the proceeds, and the balance goes to Glencore. The problem is electricity supply, because smelters require huge amounts of current. The 15.6% increase in Eskom tariffs last year was a major factor, and the current year's increase of just under 10% from 1

Our opinion on the current state of NUMERAL(XII)Previously known as "Go Life International" (GLI), Numeral is a company listed in Mauritius with a secondary listing on the JSE's Alt-X market. The company operates in the "nutraceuticals" sector, focusing on products associated with alternative medicine. These products are not pharmaceuticals but claim to provide health benefits. Numeral was established to acquire and exploit nutraceutical-producing companies in South Africa, currently owning Go Life Health Products and Gotha Health Products.

Our opinion on the current state of RICHEMONT(CFR)Richemont (CFR) is the world's second-largest supplier of luxury goods, controlled by the Rupert family in Stellenbosch. Its sales are entirely overseas, making it an excellent rand-hedge. The company owns a prestigious portfolio of luxury brands, including Mont Blanc, Cartier, Lancel, Jaeger-LeCoultre, Van Cleef, and Piaget. Richemont has successfully expanded its online presence, with online sales now accounting for 21% of its turnover. This growth has been driven by the acquisition of Yoox-Ne

Our opinion on the current state of PPC PPC is a leading manufacturer and supplier of cement, aggregates, ready-mix, lime, limestone, and fly-ash in Africa. The company operates eleven cement factories located in South Africa, Botswana, the DRC, Zimbabwe, Rwanda, and Ethiopia, with a combined production capacity of 11.5 million tons. It produces aggregates at its Mooiplaas quarry in Gauteng, the largest aggregates producer in South Africa, and operates 26 batching plants for ready-mix concrete in South Africa and Mozambique. The comp

Our opinion on the current state of KAROO(KRO)Cartrack was restructured into a new international listing under the name Karooooo (KRO) on 21st April 2021. The company operates in the vehicle recovery, insurance, telematics, and fleet management sectors across 24 countries. With a 92% recovery rate, Karooooo claims to lead the industry. The company has shown remarkable organic growth, with its subscriber base increasing by 21% compound annually over the past six years. Approximately 96% of Karooooo's turnover is annuity income, ensuring stab

Growthpoint showing anything but growth technically in 2025 Inv Cup and Handle has formed on Growthpoint with the price breaking below the Brim level and below the Moving Averages 20 and 200. We see a strong downtrend established. and it looks like it's about to enter into Penny Stock Territory. Target R9.38

Our opinion on the current state of JUBILEE(JBL)Jubilee Metals Group (JBL) is a diversified metals recovery company that re-processes mine waste and surface materials. It is listed on both the London AIM market and the JSE's Alt-X. The company operates in South Africa, the UK, Madagascar, and Australia, and is involved in a joint venture in Zambia to produce lead, zinc, and vanadium. Its primary products are platinum group metals (PGMs) and chrome. A key asset is its 63% stake in the Tjate project, which is assessed to include the world's lar

Our opinion on the current state of NORTHAM(NPH)Northam (NPH) is a fully empowered platinum mining company operating in the Bushveld Complex. In the current difficult legislative environment, where the third mining charter is regarded as unfriendly from an investment point of view, Northam stands out as the only mining house actively acquiring new properties. It has come to an arrangement with Anglo American to exploit a property adjacent to its Zondereinde mine, which is the deepest platinum mine in South Africa. Additionally, it has purchas

Our opinion on the current state of THARISA(THA)Tharisa (THA) is a mining company that mines and beneficiates platinum group metals (PGMs) and chrome. The company is listed in London and on the JSE. The Tharisa mine on the south-west limb of the Bushveld Igneous Complex (BIC) is an open-pit operation with an estimated life of 17 years. The company owns a subsidiary, Arxo Metals, which beneficiates chrome to produce high-grade chrome concentrates. The company is planning to expand into the Great Dyke area of Zimbabwe. In our view, this is one

Our opinion on the current state of REINET(RNI)Reinet (RNI) is an investment holding company whose main asset is a holding of roughly 2,12% of British American Tobacco (BAT) worth about $1,8bn, which now accounts for 31% of its net asset value (NAV)—down from 85% ten years ago. This decline from a year ago is because the price of BAT shares has fallen. Most of this reflects the more difficult legal environment for tobacco, especially in the US, where the Food and Drug Administration is considering changing the laws on menthol cigarettes. In

Momentum-shift for Sephaku Holdings signals buyers' interest. Sephaku Holdings Limited had a taste of gravity in April 2015 when it tumbled from highs of R10.22 and went headfirst to smell lows of 23c by June 2020. The stock consolidated to close the week of the 11th of October 2021 at R2.06. From this point we saw interested buyers closing the coming weeks in a “cup and handle pattern”, effectively printing a higher swing low and closing higher than R2.06 in September 2024 at R2.64. Price is currently in the handle of the pattern, trading in a steep fla

by The_Chartroom

MTN Group Ltd MTN Group Ltd (JSE: MTN) has been in a downtrend since September, failing to break the resistance around 96.00. A bullish falling wedge is forming, suggesting a potential breakout with a target around 95.00. The current price is testing a key support zone at 81.70, which has held in 3 out of the last 4 tests. RSI and MACD indicators are showing signs of bullish momentum, with the RSI potentially breaking its downtrend line, similar to past upward movements. Watch for a breakout above the wed

by MarketMeistersTrading

KIO (Kumba Iron Ore) 1M Chart Analysis KIO (Kumba Iron Ore) 1M Chart Analysis Building on the previous analysis, the KIO monthly chart shows a large falling wedge. If the price finds support at the lower trendline (4), it could rebound toward the upper trendline, with an initial target around 495. RSI supports a potential bounce, maintaining a trendline that has held since 2017. Confirmation of support at these levels could signal a bullish reversal. Key risks: China's Economy: Stimulus efforts face challenges from weak housing

by MarketMeistersTrading

Sasol Ready to Reverse Trend We have previously detailed the short position on Sasol (see linked idea), now we analyze the bullish case, Sasol price has diverged from Brent, brent is seeking a daily cycle high while Sasol is seeking a cycle low. Here we see a Hammer candle forming at the point of the 0.50 retracement of downtrend. This area is also a support level set by price as it moved out of COVID low while RSI is showing a double bottom. Indications are that price will move upwards, it is in pursuit of a yearly low. Th

Our opinion on the current state of BELL(BEL)Bell (BEL) is a manufacturer and distributor of heavy equipment, earth-moving equipment to the mining, construction, agriculture, and waste management industries. As such, it has been directly impacted by the slowdown in construction since 2008 and the collapse of the mining industry. Bell's articulated dump trucks are exported worldwide from South Africa and Germany. Bell also has dealerships for a number of other global manufacturers, giving it a product range of over 120 products. Roughly 60%

Our opinion on the current state of GEMFIELDS(GML)The Gemfields Group (GML) (previously Palinghurst Group) is a mining group that has two major projects: (1) Kagem, the world's largest producer of emeralds (in Zambia) and rubies (at Montepuez in Mozambique); (2) Jupiter Mines, a South African producer of manganese. The group is led by Brian Gilbertson, previously the CEO of BHP Billiton. Gilbertson identified that the semi-precious stones market was under-developed and offered an opportunity for consolidation and professional management—hence t

Our opinion on the current state of KIBO(KBO)Kibo (KBO) is an African-oriented energy exploration company listed on the AIM (Alternative Investment Market) of the London Stock Exchange and on the Alt-X (Alternative Exchange) of the JSE. The company began exploration activities in Tanzania, holding 100% of the Mbeya project in coal and other minerals, which has been disappointing. It has since expanded to have interests in Mozambique (65% of the Benga coal power station, which they announced was progressing well on 30th January 2019 and aga