WORLDVIEW: JSE’s most UK-focused stock now very cheap after Rand back to its falling ways

Before we launched the Biznews SA Champions portfolio in January, I researched Brait and really liked what came up. This JSE-listed gem is actually a British company in drag. With the unusual advantage of being 35% owned and directed by one of South Africa's most successful entrepreneurs.

Five years ago Brait was transformed from a private equity fund into an investment company. This was after Christo Wiese selected it to house much of his shareholding in Pep, which then accounted for over half Brait's asset value. This became a massive windfall for all Brait shareholders when Pep was sold to Steinhoff in 2015 delivering a seven fold return on the investment, equating to an annualised return of 69%.

Steinhoff's money didn't stay in Brait's bank for long.

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