SUPR Market Moves: A New Giant Enters the JSE Aisle

2 Min Read

It’s been a jam-packed year, and as we edge closer to the festive season, we know you’re ready to wind down and recharge. So, we’re keeping it short and sweet—just the insights you need before you dive into your downtime (or that celebratory glass of something nice).

This week, we’re spotlighting SUPR, the latest addition to the Johannesburg Stock Exchange and the seventh listing of 2024. With its supermarket-focused real estate portfolio in France and the UK, SUPR is set to make waves in South Africa’s competitive retail investment sector.

🛒 Fun Fact 🛒

Did you know the average supermarket stocks about 39,500 items at any given time? That’s a lot of choices—and a major logistics feat! 🏬 From fresh produce to cereal brands galore, it’s a fine balance of supply and demand. Maybe next time you grab your groceries, you’ll appreciate just how much strategy is in every aisle! 😉

From London to Jozi: SUPR Set To List On The JSE

Following a promising trend of increased sentiment and momentum in South Africa's business and economic landscape, the JSE has approved yet another new listing.

SUPR, a real estate investment trust (REIT) specializing in supermarket properties in France and the United Kingdom, will debut as a secondary listing on the JSE's main board under the retail REIT sector. Trading of its shares is set to commence on 13 December 2024.

The company is currently listed on the London Stock Exchange (LSE), with a market capitalization of £889 million (approximately R20 billion). As of 30 June 2024, its portfolio comprises 73 properties with a combined value of £1.78 billion (around R40 billion).

Ramping Up The Competition

SUPR is entering a highly competitive market, where Checkers has been gaining ground against rivals like Woolworths and SPAR. Meanwhile, Pick n Pay is gearing up for a comeback through strategic equity moves, including a rights issue and the anticipated JSE listing of its subsidiary, Boxer.

It will be intriguing to see how SUPR positions itself within this dynamic and rapidly evolving fast-moving consumer goods landscape.

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