Investment holding company Sandown Capital has listed in the Equity Investment Instruments sector on the main board of the JSE.
The company, which was unbundled from JSE-listed Peregrine Holdings to pursue its own listing, became the eighteenth company to invest on the JSE this year and the tenth company overall to list in the Equity Investment Instruments sector.
“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,” the company said in a statement on Wednesday.
The Equity Investment Instruments sector has a total market capitalisation of nearly R67-billion and contributes 0.4% to the JSE’s overall market capitalisation of R16.25-trillion.