Top 3 Shares of The Week

In this video we are going to be taking a look at some of the top 3 shares of the week this week.

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0:41 South 32
2:11 Exxaro
3:22 Steinhoff

Read our Video Script:

Coming in first at number 3 is South 32:

South32 is a global mining and metals company. South32 produce bauxite, alumina, aluminium, energy and metallurgical coal, manganese, nickel, silver, lead and zinc at operations in Australia, Southern Africa and South America. With a focus on growing base metals exposure, South32 also has two development options in North America and several partnerships with junior explorers around the world. Shares performed excellently compared to the market returns of 21.73% in the last year.
Share price is down following its Financial Year results for 2021 where the company reported a relatively strong result, yet delivered a mammoth net loss after tax. While the shares are down this may be time to buy as its base metals operations are expected to see robust volumes in the coming year.

At number two, we have Exxaro:

Exxaro is a large South African-based diversified resources group, with interests in the coal, energy and
ferrous markets and is the largest coal supplier to Eskom. Exxaro has built a track record of stable operational and financial performance which resulted in its rating being lifted by S&P global. Also, on 12 August Exxaro opted to pay out R5.07bn to external shareholders in a record interim dividend, as robust coal and iron ore prices helped offset transport woes and the effects of Covid-19 during its six months to end-June.

Coming in at number one on our list of the best shares of the week we have Stienhoff:

Steinhoff is an integrated retailer that retails, sources and manufactures household goods and general merchandise in the United Kingdom, Europe, Africa and Australasia. Their retail operations focus on providing price conscious consumers with affordable products through a vertically integrated supply chain. It retails household goods, clothing, footwear, textiles, cell phones, airtime, and fast-moving consumer goods, as well as furniture and appliances. Steinhoff has a primary listing on the Frankfurt Stock Exchange and a secondary listing on the Johannesburg Stock Exchange.

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