Reunert is not such a JSE dinosaur after all

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The 134-year-old company has vibrant renewable energy prospects and could score at last from a power sector building boom.

Of the few investment opportunities around as SA tries desperately to solve its frustrating power generation malaise, perhaps none is quite as switched on as 134-year-old industrial conglomerate Reunert.

The share jolted from about R38.50 to R42 last week in the wake of President Cyril Ramaphosa’s plans to boost Eskom’s generation grid. But Reunert still looks fundamentally cheap and is well off its 12-month high of R55, seen in November last year...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

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