Companies to invest in

One of the best companies listed on the JSE to invest in 2023

Lots of people have been asking which companies are the best companies, that are listed on the JSE to invest in the long term (1 year and above). I shall respond to this question by looking at three of the best companies in my opinion based on my knowledge obtained from different sources of information.

Let’s look at these companies individually.

Wesizwe Mining

Wesizwe Platinum is a mining business in South Africa. It has a significant platinum group metal deposit on the Bushveld Igneous Complex. Wesizwe has access to substantial platinum reserves at the Bakubung platinum mine site near Rustenburg in the Western limb of the Bushveld Igneous Complex. It is expected to produce 350,000 ounces of Platinum group metals per year.

The share price is trading at R1.07 per share as of 11 January 2023. 2018, which is 5 years ago the share price was trading at an average of R0.51 per share showing a growth of about 91% and it is forecasted that in the next 5 coming years, the share price will be trading at R2.50 per share showing 133% growth. This indicates that Wesizwe stock is a very good investment long-term (1 year and above).

Capitec Bank Holdings Ltd

Capitec Bank is a South African retail bank. As of August 2017, the bank was the second largest retail bank in South Africa, based on the number of customers, with 120,000 customers opening new accounts per month.

The share price is trading at R1 898.42 per share as of 11 January 2023. 2018, which is 5 years ago the share price was trading at an average of R879.56 per share showing a growth of about 87% and it is forecasted that in the next 5 coming years, the share price will be trading at R3 798.95 per share showing 102% growth. This indicates that Capitec stock is a very good investment long-term (1 year and above).

MTN Group Ltd

MTN Group Limited is a South African multinational mobile telecommunications company, based in many African and Asian countries. Its head office is based in Johannesburg. As of December 2020, MTN recorded 280 million subscribers, making it the 8th largest mobile network operator in the world, and the largest in Africa. Active in over 20 countries, one-third of the company's revenue comes from Nigeria, where it holds about 35% market share.

The share price is trading at R129.50 per share as of 11 January 2023, even though 5 years ago the share price is showing a decline, it is forecasted that in the next 5 coming years, the share price will be trading at R308.51 per share showing 140% growth. This indicates that MTN stock is a very good investment long-term (1 year and above).

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