Mpact lists on A2X Markets, expands water security investment

SOUTH AFRICA – Mpact, a leading paper and plastics packaging and recycling company, has officially listed on A2X Markets, with its shares available for trade from February 11.

A2X CEO Kevin Brady expressed his excitement about Mpact’s listing on the market, highlighting that it would provide investors with an additional trading platform.

He noted that A2X offers several advantages, including increased liquidity and lower transaction costs.

Mpact, which retains its primary listing on the JSE, operates across Southern Africa and employs over 5,000 people. It is also South Africa’s largest collector of recyclable packaging materials.

With this secondary listing, the number of instruments available for trade on A2X rises to 175, representing a combined market capitalization of approximately R10 trillion. 

Strategic investment in water security

Beyond its A2X listing, Mpact has expanded its portfolio by acquiring a strategic equity stake in Africa Tanks, a manufacturer of vertical water storage tanks.

This move aims to address South Africa’s ongoing water challenges, including drought, supply shortages, and deteriorating infrastructure.

“The broader infrastructure and water supply challenges are likely to persist for years. Demand for water storage and rainwater harvesting solutions is expected to grow steadily,” said Mpact CEO Bruce Strong.

The investment accelerates Africa Tanks’ growth and supports its expansion into the Eastern and Western Cape.

Founded in 2017 in Cullinan, Gauteng, Africa Tanks now has the capital needed to scale up operations and become a national supplier.

South Africa’s water crisis has intensified, with the percentage of households experiencing prolonged water supply interruptions rising from 24.3% in 2012 to 35.8% in 2023.

Many communities without piped water rely on periodic deliveries by tanker, highlighting the urgent need for reliable storage solutions.

“Just as loadshedding drove the rapid adoption of electricity self-generation, we foresee a rapidly growing market for high-quality water tanks as households and institutions invest in water security,” Strong added.

Water shortages, exacerbated by power outages and climate-related events, have become more frequent.

Reports from the Green and Blue Drop assessments also indicate a decline in water quality due to contamination from sewage and bacteria, increasing the risk of waterborne diseases.

“Water supply is increasingly uncertain due to deteriorating infrastructure, environmental degradation, persistent droughts, and disparities in sanitation access. Reliable water storage that meets strict safety and hygiene standards is essential,” said Africa Tanks director Craig Forbes.

Africa Tanks uses advanced extrusion blow molding technology to manufacture durable, three-layer water tanks efficiently.

With Mpact’s backing, the company is well-positioned to scale its impact and provide sustainable solutions to South Africa’s growing water security needs.

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