South African assets are dirt cheap. Why else have a Remgro-led consortium and the family-controlled Heineken Group acquired Mediclinic and Distell respectively? These are prize assets. Together, the deals totalled over R110 billion. Including the two stocks, a total of 11 JSE companies had delisted from the exchange by the midway point this year. Many of these have been ‘rats-and-mice’ type shares with market caps well under R1 billion.
JSE showdown: Dogs vs winners YTD Disclosure: Caxton’s majority shareholders are also majority shareholders in African Media Entertainment , the owner of Moneyweb.
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