Follow Us

5 South African Stocks that Can Reek Profits in September 2023

Share on facebook
Share on twitter
Share on linkedin

Share

5 South African Stocks that Can Reek Profits in September 2023
Share on facebook
Share on twitter
Share on linkedin

South Africa is developed with abundant resources and a young population. It is a rising economy that gives plenty of opportunities for entrepreneurs to grow. As a result, it is home to some very promising organizations with impressive figures. Moreover, these companies have done a great job of distributing dividends and other forms of profits. As the organizations are growing, the investors are getting good value for their money.

The growth is such that they are even attracting foreign investors now. These companies are established and they’re expanding as well. Thus, they give great chances for traders to make in the short as well as long term. 

SA Stocks Expected to Outperform This September

Experts have picked these companies based on multiple parameters. It includes the company’s performance, industry evaluation, and some external factors.

MTN Group Ltd (JSE: MTN) 

MTN is a major telecommunications company operating in over 20 nations. Besides Africa, it provides services in the Middle East and some Asian countries as well. It offers voice and data services to governments, individuals, and businesses. Its current dividend yield is 3.38% and it’s been paying it since 2006. It has kept the traders very happy with its performance.

Sanlam Ltd. (JSE: SLM)

Sanlam is a major financial service provider that is operating in African nations. Its portfolio includes a wide array of services including investments, savings, insurance, etc. Its current dividend yield is 1.94% and it has been paying it since 2003. With an extensive range of exemplary services, it has maintained a high-profit generation.

AECI Ltd. (JSE: AFE)

AECI deals with chemicals and explosives while having reach in more than 40 countries. It maintains a wide spectrum of products that include agrochemicals, specialty chemicals, mining chemicals, and explosives. Its current dividend yield is 6.25% and it has been paying dividends since 1990. It has impressed its investors with consistent growth and returns as well.

African Rainbow Minerals Ltd. (JSE: ARI)

ARI is a major mining company with operations in various African nations. It is accountable for providing a large number of metals including gold, nickel, copper, and iron ore. Its current dividend yield is 5.91%. Furthermore, its extensive and efficient operations have enabled the company to make profits every quarter.

Barloworld Ltd. (JSE: BAW) 

Barloworld is a major South African conglomerate with a presence in over 19 countries. It operates in finance, logistics, rentals, automotive, and industrial equipment. It has a dividend yield of 3.90% currently and has solid prospects for the future too. The company has been a great profit generator for the past few years. 

Conclusion

With investment in these stocks, investors can certainly ensure great profits. Moreover, they can ensure long-term growth too. They can become a perfect addition to a balanced portfolio and can raise profit ratios. Still, investors are advised to do their legwork before putting their money in any instrument. Hence, with some analysis and study, they can certainly be worthy in South African companies as well.

Leave a Reply

Your email address will not be published. Required fields are marked *

Download our App for getting faster updates at your fingertips.

en_badge_web_generic.b07819ff-300x116-1

We Recommend

Top Rated Cryptocurrency Exchange

-
00:00
00:00
Update Required Flash plugin
-
00:00
00:00