Pick of the Month: Interwaste
The waste management sector should, on paper, offer investors dependable returns
The waste management sector should, on paper, offer investors dependable returns. As the old saying goes: "There’s always money in muck." Much like the undertaking profession, there’s never any shortage of business — waste continues to be generated in droves, both industrially and domestically. However, there are complications in maintaining cost-effective solutions. The fact that the general public is increasingly environmentally aware does mean an adherence to certain "green" standards — and it’s not unusual, these days, for waste management firms to come under fire in the media. There’s not much history for waste management firms on the JSE, with few listings in three decades. These include Fraser Alexander (with part exposure to the sector) and, more recently, EnviroServ. Though it would be a stretch to discern a pattern, the EnviroServ example — for investors with long memories — might contain pointers for Interwaste, the JSE’s sole waste management listing. EnviroServ endured ...
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