GROUP FIVE

Finweek English Edition - - INVESTMENT -

Stock­bro­ker­age Imara SP Reid is rec­om­mend­ing that its clients add shares in con­struc­tion com­pany Group Five to their port­fo­lios. The firm ad­vised: “We be­lieve that Group Five has a co­her­ent growth strat­egy geared to op­ti­mise op­por­tu­ni­ties both in South Africa and else­where in Africa, as well as an un­usu­ally sta­ble man­age­ment team. It is also best placed in the sec­tor as re­gards fall­out from col­lu­sion and the per­for­mance of its man­u­fac­tur­ing di­vi­sion com­pares very favourably with its peers while none of the lat­ter have any­thing like the con­tri­bu­tion to growth that Group Five en­joys from its con­ces­sions busi­ness. Of all the listed groups, it prob­a­bly has the most struc­tured, com­pre­hen­sive and well-re­searched Africa strat­egy as well as the long­est cross-bor­der ex­pe­ri­ence in the re­gion. It is there­fore well placed to ben­e­fit from the on­go­ing im­prove­ment in South African con­struc­tion sec­tor as well Sub­Sa­ha­ran African growth.”

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