Afristrat operates through Credit, Investment Services, and Equity Holdings segments, with the Credit segment providing continuous cash flow, Investment Services offering capital raising and wealth advisory, and Equity Holdings pursuing longer-term strategic investments. However, the company faces significant challenges with shares delisted from the JSE since June 28, 2024.
Cyborg Score Rationale
The company is severely distressed with JSE delisting in 2024, liquidation applications filed, and significant investor losses reported. The micro-cap market position (ZAR 76.8 million at delisting) and investor complaints indicate fundamental business and governance challenges.
Top Insights
Company was delisted from JSE in June 2024 following sustained performance deterioration
Faced multiple liquidation applications from shareholders and creditors as of July 2023
Micro-cap position with only 0.0004% of JSE equity market value at delisting
Significant documented investor losses and governance concerns raised in public forums
Named Competitors
Commercial Banking & Financial Services — Traditional banking and financial services providers
Financial Advisory Services — Accounting, taxation, and business consulting services