Bauba Platinum, which formerly traded as Absolute Holdings, on Friday become the seventh company to list on the main board of the Johannesburg Stock Exchange this year.
Noah Greenhill, the senior general manager marketing and business development at the JSE, said the listings pipeline is looking good.
Bauba Platinum joins the likes of Wesizwe, Northam and Impala platinum companies on the main bourse.
The company, led by CEO Pine Pienaar, the former CEO of Mvelaphanda Resources, aims to raise R45-million in a rights issue.
The company's operation is situated in the platinum reach eastern limb of the Bushveld Complex in Limpopo.
ANC treasurer-general Mathews Phosa sits on the company's board as a non-executive director. He is also on the boards of Alliance Mining Corporation, Braemore Resources and Jubilee Platinum. Phosa has said nationalising mines is not ANC or government policy.
Pienaar said talk of nationalising mines is "concerning".
Bauba has started exploration and drilling and said results have exceeded expectations, with the first two boreholes successfully intersecting the Merensky Reef and confirming the anticipated mineralisation.
Pienaar said the platinum market is poised for growth and investment over the next five years and he expects Bauba to be well-positioned to take advantage.
He lamented the strong rand and said he would like to see the local currency at R7.80-R8.20 to the dollar.
The Bapedi nation has a direct stake of 40% in the Bauba Project, which means Bauba complies with the mining charter's equity requirements.
Earlier this week, Sandile Nogxina, director-general of the Department of Mineral Resources, said the department will revoke mining licences of companies that fail to increase control by black people in line with regulations.
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