[South Africa] Sandown Capital Limited lists on the JSE becoming eighteenth company this year
Sandown Capital Limited has listed in the Equity Investment Instruments sector on the main board of the JSE. Sandown Capital is the 18th company to list on the JSE this year.
Donna Nemer, Director Capital Markets at the JSE welcomed Sandown Capital to the exchange. "The JSE is proud to enable companies to unlock further value for their shareholders through providing a credible and highly liquid listing venue with globally recognised regulation. The JSE continues to support the growth and further development of the South African financial markets and investment industry."
Sandown Capital is an investment holding company that aims to create long-term value for shareholders through targeting selected investment opportunities. It was a wholly owned subsidiary of Peregrine Holdings (JSE:PGR) prior to the unbundling to be listed separately.
Sandown Capital's current investment portfolio includes hedge funds, direct property and listed property units, as well as a funding stake in a South African corporate through a black economic empowerment vehicle.
Sandown Capital brings the total number of companies in the Equity Investment Instruments sector to 10. The sector has a total market capitalisation of nearly R67 billion and it contributes 0.4% to the JSE's overall market capitalisation of R16.25 trillion.