KRIS proud to help grow South African investment market

Against the backdrop of an ever-shrinking JSE* – just 278 companies are listed on the exchange, according to a recent Currency News article – KRIS is proud to have played a role in expanding the South African market. In collaboration with Valeo Capital South Africa, we’ve supported the recent announcements by two international companies of their intentions to list here in the coming months.

KRIS met the team from Valeo Capital when it was first established – the team left PSG to find out what the road to entrepreneurship would be like, and we’re pleased to say that their journey so far has been extremely successful! We are lucky enough to work with Valeo on one of our clients. Through this relationship, they gave us the opportunity to work with them on two inward listings, those of ASP Isotopes (ASPI) and Greencoat Renewables PLC.
 
For both companies, KRIS was responsible for driving the listing message to a broad audience to ensure the stories would be well understood in order to encourage investment once listed, and so that management could establish relationships with the South African media.
 
As an inward Main Board listing, we could only set up the media interviews on the day it was announced. For the KRIS team, which consists of strategic planners, this proved quite a challenge (!) but one that was tackled with the usual precision. For ASPI, which develops technologies and processes for the enrichment of isotopes that can be used in the medical, semiconductor, and green energy industries, nine interviews were set up over a few days (because, as luck would have it, on the day of the ASPI announcement, budget 2.0’s 15.5% VAT increase was withdrawn for a second time and the press were in a frenzy after the story broke). Proudly, ASPI still received 11 positive articles and mentions across television, print, and podcasts. The company also participated in Unlock the Stock, and so far, the recording on the YouTube channel has been viewed 776 times. We believe this is also thanks to the announcement that they will buy Renergen, although KRIS was not involved in this announcement.
 
It was a similar journey for Greencoat, a leading European clean energy company. Although we prepared the press release, we could only activate distribution seconds after the intention to list on the AltX was announced. Likewise, the KRIS team jumped into action, with Greencoat receiving 12 positive articles/mentions across various media platforms. They too participated in Unlock the Stock, and, given the high level of engagement by attendees, it is clear that the South African investor market is ready and excited for this type of investment.
 
Being involved in both these unique listings on the JSE has been invigorating. The market is primed and still very engaged on the investment front. We also learnt more about how certain parts of the market consume news, finding that podcasts and recordings of news are consumed with vigour and over an extended time.