10 Cheapest JSE Shares. Looking to invest in the stock market without breaking the bank? We've done the heavy lifting for you.
In this expert guide, we reveal the 10 cheapest shares listed on the Johannesburg Stock Exchange (JSE), all trading below R100 and showing promising upside potential.
In this in-depth guide, you’ll learn:
- Why buying low-priced shares can be a smart long-term strategy
- The 10 Cheapest Shares on the JSE right now
- How to evaluate if a cheap stock is truly worth it
- The Best Stock Brokers in South Africa to get started with confidence
🏆 10 Best Forex Brokers in South Africa
| Rank | Broker | Broker Review | Regulators | Minimum Deposit | Visit Broker |
|---|---|---|---|---|---|
| 🥇 |  | Read Review | ASIC, FSA, CBI, BVI, FSCA, FRSA, CySEC, ISA, JFSA | $100 |  |
| 🥈 |  | Read Review | FSCA, FCA, FSA, CMA | $0 | |
| 🥉 |  | Read Review | CySEC, MWALI, FSCA | $25 | |
| 4 |  | Read Review | ASIC, CySEC, FSA, SCB | $200 | |
| 5 |  | Read Review | FSA, FSCA | $250 | |
| 6 |  | Read Review | FSA, FSC, FSCA, ASIC, CMA | $20 | |
| 7 |  | Read Review | FSC, FSCA | $50 | |
| 8 |  | Read Review | ASIC, CySEC, FSCA, FSA, FSC, CMA | $100 | |
| 9 |  | Read Review | ASIC, CySEC, IFSC, DFSA, FCA | $5 | |
| 10 |  | Read Review | FSA, CySEC, FSCA, FSC | $10 | |
10 Cheapest JSE Shares to Buy Now.
| 🌍Share Name | 🏅Current Price (ZAR) | 📍Best Buy-In Price (ZAR) | Why It’s a Buy |
| Purple Group (PPE) | 1.14 | 0.90 | Rapid growth via EasyEquities platform; strong earnings rebound. |
| RMB Holdings (RMH) | 0.40 | 0.35 | Winding down with potential value unlock; activist investor involvement. |
| DRDGOLD Ltd (DRD) | 9.80 | 9.00 | Exposure to gold sector; sustainable tailings retreatment operations. |
| Sibanye Stillwater (SSW) | 39.00 | 35.00 | Diversified precious metals producer; global operations. |
| Pepkor Holdings Ltd (PPH) | 18.50 | 16.50 | Retail exposure; strong African footprint; value-conscious consumer base. |
| Sasol Ltd (SOL) | 150.00 | 135.00 | Cyclical rebound potential; undervalued after 2024 decline. |
| Santova Ltd (SNV) | 7.30 | 6.50 | Logistics and supply chain management; global presence. |
| PPC Ltd (PPC) | 4.38 | 4.00 | Africa’s largest cement producer; infrastructure development exposure. |
| ArcelorMittal SA (ACL) | 1.28 | 1.10 | Steel industry player; potential benefit from increased infrastructure spending. |
| Renergen Ltd (REN) | 6.76 | 6.00 | Emerging helium and LNG producer; long-term growth prospects. |
10 Cheapest JSE Shares Revealed (2026):
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☑️Purple Group (PPE) – EasyEquities growth, fintech disruptor
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☑️RMB Holdings (RMH) – Value unlock, asset disposal strategy
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☑️DRDGOLD Ltd (DRD) – Gold tailings, sustainable mining play
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☑️Sibanye Stillwater (SSW) – Diversified metals, global operations leader
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☑️Pepkor Holdings Ltd (PPH) – Discount retail, African consumer exposure
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☑️Sasol Ltd (SOL) – Energy giant, cyclical rebound potential
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☑️Santova Ltd (SNV) – Logistics expansion, global trade facilitator
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☑️PPC Ltd (PPC) – Cement supply, infrastructure growth prospect
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☑️ArcelorMittal SA (ACL) – Steel recovery, infrastructure-driven demand
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☑️Renergen Ltd (REN) – Helium, LNG, emerging energy opportunity
1. Purple Group (PPE)
Purple Group continues to ride the wave of fintech innovation through its flagship platform, EasyEquities. With strong growth in retail investor participation and affordable investment access, PPE remains a disruptor in South Africa’s financial services market, appealing to younger, tech-driven investors.
Featured
| 🏢 Company | Purple Group (PPE) |
| 🚀 Sector | Financial Services / Fintech |
| 📈 Key Driver | EasyEquities growth & retail investor adoptionno desktop version |
| 🌍 Strategy | Democratizing investments in South Africa |
| 💡 Highlight | Fintech disruptor with low-cost trading access |
Pros and Cons
| ✅Pros | ❌Cons |
| Strong growth from EasyEquities platform | Regulatory changes could impact growth |
| Low-cost fintech disruptor in South Africa | Profitability challenges due to scaling |
| High retail investor adoption | Limited international expansion |
| Asset-light digital business model | Highly dependent on market sentiment |
2. RMB Holdings (RMH)
RMB Holdings is focusing on unlocking shareholder value through a strategic asset disposal program. By streamlining operations and restructuring its portfolio, RMH positions itself as a leaner investment vehicle with opportunities for long-term capital appreciation.
Featured
| 🏢 Company | RMB Holdings (RMH) |
| 🚀 Sector | Investment Holding |
| 📈 Key Driver | Asset disposal & restructuring |
| 🌍 Strategy | Unlocking shareholder value |
| 💡 Highlight | Focus on property and unbundling assets |
Pros and Cons
| ✅Pros | ❌Cons |
| Unlocking value through asset disposals | Reduced banking exposure after FNB stake sale |
| Leaner structure post-unbundling | Limited growth avenues |
| Focus on property & alternative investments | Dependent on property market cycles |
| Potential for higher dividends | Less diversified portfolio |
3. DRDGOLD Ltd (DRD)
DRDGOLD leverages innovative technology to extract gold from mine tailings, combining profitability with environmental sustainability. This approach provides steady exposure to gold prices while addressing ecological concerns, making DRD a unique investment within South Africa’s resource sector.
Featured
| 🏢 Company | DRDGOLD Ltd (DRD) |
| 🚀 Sector | Gold Mining |
| 📈 Key Driver | Tailings retreatment projects |
| 🌍 Strategy | Environmentally sustainable operations |
| 💡 Highlight | Cash generative with strong dividends |
Pros and Cons
| ✅Pros | ❌Cons |
| Sustainable gold tailings retreatment | Earnings highly linked to gold prices |
| Strong cash flows and dividends | Limited resource base compared to major miners |
| Lower risk vs. underground mining | Cost pressures in South Africa |
| Environmental benefits align with ESG | Operational risks in tailings processing |
4. Sibanye Stillwater (SSW)
Sibanye Stillwater stands out as a diversified mining giant with exposure to gold, platinum group metals, and battery minerals. Its global footprint and expansion into future-focused commodities strengthen its position as a long-term leader in the mining industry.
Featured
| 🏢 Company | Sibanye Stillwater (SSW) |
| 🚀 Sector | Precious & Base Metals |
| 📈 Key Driver | Platinum, gold & battery metals |
| 🌍 Strategy | Global mining & green energy metals |
| 💡 Highlight | One of the world’s largest PGM producers |
Pros and Cons
| ✅Pros | ❌Cons |
| Diversified metals portfolio (gold, PGM, battery metals) | High labor and strike risks in South Africa |
| Global operations across SA, US & Europe | Volatility in commodity prices |
| Strong position in green energy minerals | High debt levels from acquisitions |
| Large-scale producer with global influence | Environmental & political risks |
5. Pepkor Holdings Ltd (PPH)
Pepkor thrives on its wide network of discount retail stores across Africa, targeting budget-conscious consumers. With resilient demand for essentials and growing consumer exposure, PPH provides steady returns even during economic uncertainty, supported by its strong retail footprint.
Featured
| 🏢 Company | Pepkor Holdings Ltd (PPH) |
| 🚀 Sector | Retail |
| 📈 Key Driver | Affordable fashion & household goods |
| 🌍 Strategy | Targeting Africa’s value-conscious consumers |
| 💡 Highlight | Large footprint with strong brand portfolio |
Pros and Cons
| ✅Pros | ❌Cons |
| Strong retail footprint across Africa | Thin profit margins |
| Affordable products for mass-market consumers | Competition from other low-cost retailers |
| Large and diverse customer base | Vulnerable to consumer spending downturns |
| Resilient in tough economic conditions | Supply chain challenges |
6. Sasol Ltd (SOL)
Sasol remains a key player in South Africa’s energy and chemicals industry, with cyclical recovery potential linked to oil prices and industrial demand. Its shift toward sustainable energy and carbon reduction strategies adds long-term appeal for investors seeking diversification.
Featured
| 🏢 Company | Sasol Ltd (SOL) |
| 🚀 Sector | Energy & Chemicals |
| 📈 Key Driver | Oil & gas price recovery |
| 🌍 Strategy | Transition to greener energy & chemicals |
| 💡 Highlight | Global energy player with strong rebound prospects |
Pros and Cons
| ✅Pros | ❌Cons |
| Integrated energy and chemicals giant | High debt burden |
| Strong recovery potential with higher oil prices | Sensitive to oil and gas price fluctuations |
| Global operations and diversified product mix | Environmental challenges and carbon footprint |
| Transitioning into greener energy solutions | Capital-intensive operations |
7. Santova Ltd (SNV)
Santova benefits from increasing global trade flows, offering logistics and supply chain solutions across multiple regions. With its asset-light model and expansion strategy, SNV is well-positioned to capitalize on global supply chain growth and e-commerce-driven logistics demand.
Featured
| 🏢 Company | Santova Ltd (SNV) |
| 🚀 Sector | Logistics & Supply Chain |
| 📈 Key Driver | Global trade growth |
| 🌍 Strategy | Expanding logistics and freight services |
| 💡 Highlight | Asset-light model with international exposure |
Pros and Cons
| ✅Pros | ❌Cons |
| Growing logistics & supply chain demand | Dependent on global trade cycles |
| Asset-light business model | Exposure to supply chain disruptions |
| Expanding international presence | Smaller compared to global logistics giants |
| Beneficiary of global trade flows | Currency volatility risk |
8. PPC Ltd (PPC)
PPC, South Africa’s leading cement producer, is set to benefit from increased infrastructure development and housing projects. Despite challenges in cost pressures, its market dominance and regional exposure make it a strong play on Africa’s construction and growth cycle.
Featured
| 🏢 Company | PPC Ltd (PPC) |
| 🚀 Sector | Construction Materials |
| 📈 Key Driver | Cement demand from infrastructure projects |
| 🌍 Strategy | African regional expansion |
| 💡 Highlight | Leading cement supplier in Southern Africa |
Pros and Cons
| ✅Pros | ❌Cons |
| Leading cement supplier in Southern Africa | High debt levels |
| Strong infrastructure demand outlook | Price competition in cement market |
| Long-established brand recognition | Dependent on infrastructure investment |
| Regional presence across Africa | Rising energy and input costs |
9. ArcelorMittal SA (ACL)
ArcelorMittal South Africa stands to benefit from a steel demand rebound tied to regional infrastructure projects. While cyclical in nature, ACL provides leveraged exposure to construction and industrial growth, making it attractive for investors seeking cyclical recovery plays.
Featured
| 🏢 Company | ArcelorMittal SA (ACL) |
| 🚀 Sector | Steel & Manufacturing |
| 📈 Key Driver | Infrastructure-led steel demand |
| 🌍 Strategy | Cost efficiency & production recovery |
| 💡 Highlight | Largest steel producer in Africa |
Pros and Cons
| ✅Pros | ❌Cons |
| Largest steel producer in Africa | High operational and input costs |
| Positioned to benefit from infrastructure growth | History of losses and volatility |
| Global backing from ArcelorMittal Group | Dependent on SA infrastructure spend |
| Opportunities in African industrialization | Intense competition from imports |
10. Renergen Ltd (REN)
Renergen is an emerging energy player specializing in helium and liquefied natural gas (LNG), positioning itself within the clean energy transition. With South Africa’s only onshore helium project, REN offers high-growth potential in niche global energy markets.
Featured
| 🏢 Company | Renergen Ltd (REN) |
| 🚀 Sector | Energy (LNG & Helium) |
| 📈 Key Driver | Helium & LNG production |
| 🌍 Strategy | Developing South Africa’s only onshore LNG project |
| 💡 Highlight | High-growth emerging energy opportunity |
Pros and Cons
| ✅Pros | ❌Cons |
| Unique exposure to helium and LNG | Early-stage development risks |
| South Africa’s only onshore LNG project | Capital-intensive projects |
| High-growth potential in clean energy markets | Limited production scale currently |
| Strategic position in global helium supply | Commodity price volatility |
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.
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.
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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 2026. 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.
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