Deneb Investments Limited (JSE:DNB) listed in the Specialty Finance sector on the JSE’s Main Board on Monday, 01 December. Deneb is the 17th company to list on the JSE this year.
Deneb is a wholly-owned subsidiary of Seardel Investment Corporation Limited. Seardel has taken the strategic decision to become a focussed media investment company allowing it to concentrate its resources on growing Seardel’s media businesses.
Deneb is a diversified business with operations including branded product distribution and the manufacturing of household fabrics and textiles. It also manufactures specialised industrial products for the building, agriculture, mining and automotive industries and owns and manages a portfolio of commercial and industrial properties.
“The JSE is delighted to welcome Deneb Investments to the exchange. Manufacturing remains a significant industry within the South African economy. It contributes around 13% to the real gross domestic product (GDP) of the country and employs thousands. The JSE is proud to be able to provide investors with greater access to one of the sectors that forms the lifeblood of the local economy,” says Donna Oosthuyse, Director: Capital Markets at the JSE.