The 7 Cheapest JSE Shares Revealed. We have carried out in-depth research to compile a list of the 7 Cheapest Shares listed on the JSE in South Africa that are below R100.
In this guide, you’ll learn:
- What is the strategy behind buying the cheapest shares?
- 7 Cheapest Shares on the JSE.
- How to choose the right Stock Broker in South Africa.
- The Best Stock Trading Brokers in South Africa.
And lots more…
So, if you’re ready to go “all in” with the 7 Cheapest JSE Shares…
Let’s dive right in…
Cheapest JSE Shares
| 🌍Company | ℹ️ Sector | 📍Market Cap |
| 🏅 DRDGOLD Ltd (DRD) | Mining & Resources | R8.9 billion |
| 🛒 Pepkor Holdings Ltd (PPH) | Retail | R62.5 billion |
| ⚒️ Sibanye Stillwater Limited (SSW) | Mining | R61.8 billion |
| 📄 Sappi Ltd (SAP) | Paper & Forest Products | R21.1 billion |
| 🏥 Netcare Limited (NTC) | Healthcare | R18.2 billion |
| 🏢 Growthpoint Properties Ltd REIT (GRT) | Real Estate Investment Trusts | R72.1 billion |
| 🚢 Grindrod Ltd (GND) | Transportation & Logistics | R1.9 billion |
10 Best Forex Brokers in South Africa for 2025
Rank
Broker
Review
Regulators
Min Deposit
Official Site
7 Cheapest JSE Shares Revealed (2025):
- ☑️ DRDGOLD Ltd (DRD)
- ☑️ Pepkor Holdings Ltd (PPH)
- ☑️ Sibanye Stillwater Limited (SSW)
- ☑️ Sappi Ltd (SAP)
- ☑️ Netcare Limited (NTC)
- ☑️ Growthpoint Properties Limited REIT (GRT)
- ☑️ Grindrod Ltd (GND)
1. DRDGOLD Ltd (DRD)
DRDGOLD Ltd. (DRDGOLD), founded on February 16, 1895, is a global pioneer in the retreatment of surface tailings to recover precious metals.
They have a unique network of assets in South Africa, and with its integrated companies working as a single organization, they are focused on optimizing these assets to boost gold output.
DRDGold Ltd is an active South African gold mining business that explores, extracts, processes, and smelts surface gold tailings. It comprises two operational segments: the Ergo, a surface gold retreatment procedure.
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R9.64 ZAR |
| 📊 Market Capitalization | R8.22 Billion ZAR |
| 📊 Shares Outstanding | 865 million |
| 📊 Dividends per share | 0.60 |
| 📊 Dividend Yield | 6.31% |
| 📊 P/E Ratio | 8.24 |
| 📊 EPS | 1.1540 ZAR |
2. Pepkor Holdings Ltd (PPH)
The group is a big, four-segment retailer with enormous size and diversification. All the retail brands within the sectors concentrate on discounts, value, specialty items, general merchandise, home goods, financial services, and more.
Pepkor Holdings Ltd. operates various retail operations. The company’s four business segments are clothing and general merchandise, furniture, appliances and electronics, building materials, and FinTech.
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R19.66 ZAR |
| 📊 Market Capitalization | R72.5 Billion ZAR |
| 📊 Shares Outstanding | 3.7 billion |
| 📊 Dividends per share | 0.44 |
| 📊 Dividend Yield | 2.24% |
| 📊 P/E Ratio | 12.61 |
| 📊 EPS | 1.5560 ZAR |
3. Sibanye Stillwater Limited (SSW)
Sibanye-Stillwater Limited is a world leader in mining precious metals, with operations in the United States and Southern Africa, gold operations and projects in South Africa, and copper, gold, and PGM exploration sites in North and South America.
On a gold-equivalent basis, the corporation produces more gold and platinum than any other company worldwide.
Sibanye-Stillwater is also a notable producer of rhodium, other platinum group metals, and related minerals, including chrome. The firm is the foremost recycler and processor of used PGM catalytic converter materials worldwide.
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R38.90 ZAR |
| 📊 Market Capitalization | R105 billion ZAR |
| 📊 Shares Outstanding | 2.83 billion |
| 📊 Dividends per share | 4.79 |
| 📊 Dividend Yield | 12.9% |
| 📊 P/E Ratio | 2.93 |
| 📊 EPS | 12.72 ZAR |
4. Sappi Ltd (SAP)
Sappi is a multinational corporation with facilities in North America, Europe, and Southern Africa that produces dissolving wood pulp, packaging, specialty papers, printing and writing papers, biomaterials, and biochemicals for more than 150 countries.
Globally, converters employ Sappi’s dissolving wood pulp products to generate viscose fiber for stylish apparel, textiles, and other consumer goods.
Sappi Ltd manufactures and distributes a range of paper and paper-related goods. The two main categories are specialty cellulose and paper.
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R55.88 ZAR |
| 📊 Market Capitalization | R31.6 billion ZAR |
| 📊 Shares Outstanding | 570 million |
| 📊 Dividends per share | 2.45 |
| 📊 Dividend Yield | 4.43% |
| 📊 P/E Ratio | 5.17 |
| 📊 EPS | 10.70 ZAR |
5. Netcare Limited (NTC)
Netcare Ltd. runs its business activities through various subsidiaries and is responsible for employing about 29,000 individuals.
The Netcare Group invests in expanding and consistently enhancing its skills and capacities, cooperating with the public sector to contribute to the efficiency of the national healthcare systems in which it is active.
Because of its consistent investments in innovative medical technology, high-caliber professional knowledge, and unwavering dedication to the well-being of its patients, Netcare has established itself as a market-leading supplier of healthcare services.
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R14.61 ZAR |
| 📊 Market Capitalization | R20.9 billion ZAR |
| 📊 Shares Outstanding | 1.44 billion |
| 📊 Dividends per share | 0.54 |
| 📊 Dividend Yield | 3.73% |
| 📊 P/E Ratio | 21.69 |
| 📊 EPS | 0.66 ZAR |
6. Growthpoint Properties Limited REIT (GRT)
Growthpoint is a REIT with a property portfolio of R139.4 billion. The company has a 66.0% stake in Growthpoint Properties Australia (GOZ), which owns 57 properties with a total value of R38.7 billion.
Growthpoint also has a 50% stake in the V&A Waterfront properties, which have a total value of R9.6 billion; a 29.8% stake in Globalworth Real Estate Investment Ltd.’s 60 properties, which have a total value of R12.8 billion; and a 29.8% stake in Globalworth Real Estate Investment Ltd.
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R13.20 ZAR |
| 📊 Market Capitalization | R44.8 billion ZAR |
| 📊 Shares Outstanding | 3.43 billion |
| 📊 Dividends per share | 1.22 |
| 📊 Dividend Yield | 9.34% |
| 📊 P/E Ratio | 8.55 |
| 📊 EPS | 1.52 ZAR |
7. Grindrod Ltd (GND)
In addition to its headquarters in South Africa and its presence on the Johannesburg Stock Exchange Limited (JSE), Grindrod has a presence in 31 other countries through its subsidiaries, joint ventures, and associated companies. It employs more than 4,700 people with a wide range of expertise and commitment.
The Group is a publicly traded corporation in South Africa. Its mission is to maximize shareholder value by generating consistent long-term returns. The company’s two operational arms, Freight Services and Financial Services, are responsible for this outcome.
Freight Services’ long-term goal is to become the preeminent supplier of freight and logistics infrastructure and services by capitalizing on its current strategic portfolio of ports, terminals, logistics solutions, and intellectual property.
| 📈 Growth and Valuation | ℹ️ Information |
| 📊 Share Price | R8.65 ZAR |
| 📊 Market Capitalization | R5.83 billion ZAR |
| 📊 Shares Outstanding | 698 million |
| 📊 Dividends per share | 0.20 |
| 📊 Dividend Yield | 2.4% |
| 📊 P/E Ratio | 9.06 |
| 📊 EPS | 0.92 ZAR |
Live Prices on JSE
| 🪙Symbol | 🏛️Company | 💰Price (ZAR) | 📊Change (%) |
| DRD | DRDGOLD Ltd. | R1,806 | -2.06% |
| PPH | Pepkor Holdings Ltd. | R1,969 | -0.51% |
| SSW | Sibanye-Stillwater Ltd | R1,998 | -1.53% |
| SAP | Sappi Ltd | R5,170 | -0.33% |
| NTC | Netcare Ltd. | R1,191 | +0.76% |
| GOZ | Growthpoint Properties | R11.94 | -0.50% |
| GND | Grindrod Ltd | R1,565 | 0.00% |
Analyzing Company Fundamentals for Low-Priced JSE Shares
| Aspect | Description |
| 🗄️Company Filings | * Annual Reports: Analyze financial performance, management discussions, and future plans (revenue, earnings, profitability, debt, cash flow). * Financial Statements: Analyze balance sheet, income statement, and cash flow statement (assets, liabilities, income sources, expenses, cash flow generation). * Investor Presentations: Review presentations for growth strategies, market opportunities, and future projections. |
| 📈Financial Ratios | * P/E Ratio (Price-to-Earnings): Compare share price to earnings per share (potentially undervalued but consider profitability). * P/B Ratio (Price-to-Book): Compare share price to book value per share (potentially a value stock but consider underlying reasons). * Debt-to-Equity Ratio: Measure financial leverage (high ratio indicates higher risk from debt dependence). * Return on Equity (ROE): Measure efficiency of generating profits from shareholders' equity (higher ROE suggests stronger profitability). |
| 🖺External Analysis | * Company News & Analyst Reports: Stay informed about company announcements, press releases, and news impacting performance. Consider analyst ratings and recommendations (be aware they can be wrong). * Industry Analysis: Research industry health, growth prospects, and the company's position within the industry (market share, competitive advantages). |
| 🧑🏻💼Management Team | Research the experience and track record of the company's management team (strong leadership can significantly impact success). |
| 📜Important Note | Low share price alone shouldn't be the sole investment decision factor. Thorough analysis of company fundamentals is crucial for informed investment decisions. |
What is the strategy behind buying the cheapest shares?
Many prominent firms in South Africa are hit hard by short-term market declines but tend to do quite well over time.
When you know the quality criteria to identify inexpensive stocks, you may choose winners that the market could reward with higher prices after the slump.
How to choose the right Stock Broker in South Africa
South African share traders could not have picked a more favorable time to enter the investment market than the present. Competition among online brokers is high, so costs are dropping, and features are being boosted.
Those interested in trading on the JSE can choose from various online stock trading brokers. Several factors must be considered when selecting a broker, and we will review them here.
Commission Charges
Brokers offer individual stocks, options, mutual funds, exchange-traded funds, and bonds as the main investment types. Some also provide exposure to the forex market, futures trading, and cryptocurrency exchanges.
Both the suitability of the broker’s offerings to your investment requirements and the fees you must pay is dependent on the investments the broker has available. You should pay close attention to the commissions that are involved with the investments you like.
✅Buying and selling individual stocks may incur a fee from certain brokers. However, most internet brokers do not impose commission fees on their clients.
✅Options – The stock trading commission (if levied by the broker) and a per-contract fee of 15 cents to $1.50 are typical costs associated with options transactions.
✅The acquisition of mutual funds may be subject to a commission from certain brokers. Selecting a broker that deals only in no-transaction-fee mutual funds is one way to cut down on or eliminate mutual fund transaction fees. Expense ratios are internal costs charged by mutual funds. The fund levies these fees, not the broker. Check out the top mutual fund brokers in the industry.
✅Exchange-traded funds (ETFs) are susceptible to stock trading fees if the broker imposes such a fee since they trade like stocks and are acquired at a share price. Yet, many brokers provide a list of commission-free ETFs. Find one of these brokers if you want to trade ETFs. Here is a rundown of the top ETF brokers.
✅Increasing numbers of brokerages are allowing clients to trade in a small number of cryptocurrencies; nevertheless, clients should be aware of the potential costs and dangers involved with such transactions.
✅Bonds may not subject traders to a transaction fee or a commission, but brokers might charge a fee to buy bonds, with a possible minimum and maximum.
Overall Reliability
A diverse selection of brokers is available. Several have been popular for years, while others have just recently emerged.
That does not imply they cannot be trusted, but if they are managing transactions for clients, they are members of a self-regulatory organization like the Financial Industry Regulatory Authority or the Financial Sector Conduct Authority (FSCA) or subject to additional oversight.
The Account Minimums
Several top-rated brokers do not require a minimum deposit. However, some brokers require a $500 minimum opening deposit.
Even if you can create a brokerage account with small money, it may be difficult to invest it since many mutual funds require comparable minimum contributions.
Account Fees
While it may be impossible to eliminate account fees, they may be kept to a minimum. Most brokers will assess a fee to withdraw funds or investments or close your account. When switching brokers, your new firm could pay some or all your transfer expenses.
If a broker does not charge them, or if you do not use their optional services, you could avoid paying most additional costs.
Annual costs, inactivity fees, trading platform subscriptions, and additional charges for research or data are all examples of expenses you should be aware of.
Pricing and Execution of Trades
Cost is less of a factor today because commission-free transactions are the norm at most brokerages.
However, before making a final decision, you should consider the brokerage’s position on the controversial practice of paying for order flow and its cost.
This is especially true if you are an active trader who wants your deal completed at the best price possible, even if it means a few cents difference.
Additional Tools, Educational Materials, and Features
If you are starting in the investment world, look for a brokerage that provides free educational tools like live webinars, detailed how-to instructions, video tutorials, glossaries, and more.
Promotions Offered
Many businesses, including online brokers, provide promotions to attract new clients. One common promotion is a cash incentive for making a minimum first deposit. If you are unsure which broker to go with, a promotion may tip the scales in one direction.
However, choosing a broker based on promotion alone is not the best idea since a high commission over time may quickly negate any savings or bonus you might get.
The Best Stock Trading Brokers in South Africa
In this article, we have listed the best Stock trading brokers that offer share trading to South African traders. We have also pinpointed the brokers who go beyond what is required to meet their clients’ needs.
Best MetaTrader 4 / MT4 Stock trading Broker in South Africa
Min Deposit
USD 1
Regulators
FCA, CySEC, ASIC and FSCA
Trading Platform
MT4, MT5, WebTrader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Admirals is the best MT4 Stock trading Broker in South Africa. Admirals are well-liked in South Africa due to their extensive product offerings and high-quality study materials.
Admirals also have several Supreme Edition add-ons for MetaTrader 4, which is a plus.
Best MetaTrader 5 / MT5 Stock trading Broker in South Africa
Min Deposit
USD 100
Regulators
FSCA
Trading Platform
MT5
Crypto
Yes
Total Pairs
0
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overall, GV Markets is the best MetaTrader 5 Stock trading Broker in South Africa. Since its inception in 2010, GV Markets has amassed more than 30 years of expertise in the financial markets.
MetaTrader 5 allows South African traders to conduct in-depth fundamental and technical research.
Best Stock Trading Broker for beginners in South Africa
Min Deposit
USD 50 in *certain countries
Regulators
FCA, ASIC, CySEC
Trading Platform
Proprietary WebTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
* Etoro has lowered the amount of the minimum FTD to $ 50 for the following countries: Germany, Austria, Netherlands, Norway, UK, Ireland, Spain, Italy, Sweden, Switzerland.
Overall, eToro is the best Stock trading Broker for beginners in South Africa. It offers traders access to more than 3,000 different symbols and a comprehensive Learning Academy complete with video lessons, articles, and weekly webinars.
eToro’s website and mobile app are great choices for those with little trading knowledge or who trade occasionally.
Best Low Minimum Deposit Stock trading Broker in South Africa
Min Deposit
USD 0
Regulators
ASIC, BaFin, CMA, CySEC, DFSA, FCA, SCB
Trading Platform
MT4, MT5, cTrader, TradingView
Crypto
Yes
Total Pairs
62
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Pepperstone Group Limited is Pepperstone’s holding company, a multi-asset, multi-regulated CFD broker that operates globally and is headquartered in Melbourne.
Best ECN Stock Trading broker in South Africa
Min Deposit
USD 100
Regulators
CIMA
Trading Platform
MT4, MT5, Proprietary Platform
Crypto
No
Total Pairs
91
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Overall, FOREX.com is the best ECN Stock trading Broker in South Africa. In contrast to some other brokers, FOREX.com provides clients with an execution assessment. You may trade various instruments on FOREX.com, which uses a top-tier ECN trading platform.
Best Islamic / Swap-Free Stock Trading Broker in South Africa
Min Deposit
USD 10
Regulators
CBCS, CySEC, FCA, FSA, FSC, FSCA, CMA
Trading Platform
MT4, MT5, WebTerminal, Exness Terminal
Crypto
Yes
Overall, Exness is the best Islamic / Swap-Free Stock trading Broker in South Africa. It offers multi-currency trading accounts.
Traders who identify as Muslim and open an account with Exness can switch to an Islamic trading account.
Best Share Trading App in South Africa
Min Deposit
USD 200
Regulators
FCA, FSC, FSCA
Trading Platform
MT4, MT5, FXTM Trader
Crypto
No
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, FXTM is a financial service and automated currency broker. FXTM customers can use their accounts to trade currencies, CFDs, shares, and commodities. In total, there are more than 250 different financial instruments to access through FXTM..
Best ZAR Trading Account Stock Trading Broker in South Africa
Min Deposit
USD 0 / ZAR 0
Regulators
FSCA, DFSA, FSC, CMA. FCA
Trading Platform
MT4, MT5, HFM Platform
Crypto
Yes
Total Pairs
50+
Islamic Account
Yes
Trading Fees
No Trading Fees
Account Activation
24 Hours
HFM is the best ZAR Trading Account Stock trading Broker in South Africa. HFM is widely regarded as a top brokerage in the United States.
Traders like the ZAR-denominated account, the convenience of depositing and withdrawing funds in their native currency, and the absence of known security issues.
Best Lowest Spread Stock trading Broker in South Africa
Min Deposit
USD 5
Regulators
FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, Alpari is the best, lowest-spread Stock trading Broker in South Africa. Over 2 million traders in more than 150 countries have used Alpari’s services.
In addition to various CFD and FX trading choices, Alpari provides some of the lowest spreads available to traders in South Africa.
Best Nasdaq 100 Stock Trading Broker in South Africa
Min Deposit
$20 by card
Regulators
FCA, CySEC, ASIC, SCB
Trading Platform
Proprietary Web-Based Platform
Crypto
CFD
Total Pairs
120+
Islamic Account
No
Trading Fees
Low
Account Activation
24 Hours
Capital.com is the best Nasdaq 100 Stock trading Broker in South Africa. Capital.com offers South Africans the most markets of any CFD broker, making it the most fantastic choice for trading in that country.
South Africans can trade more than 3,000 stock CFDs, including Nasdaq. Capital.com also offers some of the finest spreads on foreign exchange and equities and cheap fee rates.
Best Volatility 75 / VIX 75 Stock Trading Broker in South Africa
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Overall, AvaTrade is the best Volatility 75 / VIX 75 Stock trading Broker in South Africa. AvaTrade offers South Africans a standard account that gives them access to 1,260 instruments, including VIX 75.
AvaTrade also provides a transparent and well-regulated trading environment and competitive spreads with zero commission charges on trades.
Best NDD Stock Trading broker in South Africa
Min Deposit
USD 100
Regulators
ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA
Trading Platform
MT4, MT5, Ava Social, Ava Protect, Trading Central
Crypto
Yes
Overall, RoboForex is the best NDD Stock trading Broker in South Africa. It is a widely used STP and ECN broker that offers retail traders many account types.
Traders using RoboForex may use instant order execution and 0 pip spreads on various currency pairs and CFDs.
Best STP Stock Trading broker in South Africa
Min Deposit
USD 0
Regulators
FCA, FSCA, ASIC, CySEC, JFSA
Trading Platform
MT4, MT5, ThinkTrader
Crypto
Yes
Total Pairs
0
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Derivative products are leveraged products and can result in losses that exceed initial deposits.
Overall, ThinkMarkets is the best STP Stock trading Broker in South Africa. ThinkMarkets is a worldwide forex trading platform with operations in over 180 countries.
ThinkMarkets offers traders in South Africa low trading costs, a wide variety of account options, and blazing-fast transaction execution.
Best Sign-up Bonus Broker in South Africa in South Africa
Min Deposit
USD 1
Regulators
CySEC, FSC
Trading Platform
MT4, MT5
Crypto
Yes
Total Pairs
107+
Islamic Account
Yes
Trading Fees
Low
Account Activation
24 Hours
Overall, InstaForex is the best sign-up bonus broker in South Africa. Regarding foreign exchange (FX) and contracts for difference (CFDs), you may put your faith in InstaForex.
When South Africans open a live trading account with InstaForex, they are eligible for a $1,000 no-deposit incentive.
Conclusion
Some South African traders believe that share trading is reserved for those with large sums of money. However, cheaper shares are available on the JSE for investors who want to start small.
Compared to stocks with a larger value, those with a smaller price tag have a greater potential to double their money. Low P/E equities cost less to purchase because of the unique relationship between stock price and earnings per share.
Frequently asked questions
What is the ideal minimum amount to buy shares in South Africa?
The minimum will vary according to the share or overall asset class you are interested in. If you want to buy individual shares, you can expect to start trading from R100 or less, depending on your broker’s fees.
However, if you are interested in Exchange Traded Funds (ETFs), you can expect an initial minimum investment requirement between R300 and R1,000.
Can I buy shares for R100?
Yes, you can start investing from as little as R100, but if you are aiming to profit from stock appreciation or gain a return on investment through dividends, you must slowly grow your investments by putting money towards shares every month.
Are Netcare shares good shares to buy?
Yes, Netcare is a good share to buy in 2025. Once economic circumstances have improved, Netcare shares are expected to begin flourishing once again as the firm continues to develop and boost its position as a key worldwide leader in private healthcare.
Shares of Netcare remain on analysts’ and investors’ recommended buy lists.
Where can you buy the cheapest shares in South Africa?
Using a discount broker to buy firm shares is the most cost-effective option, in contrast to the full-service broker, who charges more but offers more complete services such as advising on stock picks and financial planning, whereas a bargain broker offers less financial guidance.
How do beginners invest in stocks with little money?
Investing in shares of stock or stock mutual funds via an online investing account is an excellent method for novices to get started in the stock market. The minimum initial investment required by many brokerage accounts is the cost of a single share.
Does a low share price equal Value?
A low share price doesn’t necessarily mean a good investment. The company might have underlying financial issues or limited growth prospects.
Top 4 Brokers
