This article contains a list of the top 10 biggest companies in South Africa in 2023.
South Africa is one of the top and most developed African countries in the world. One of the reasons this was made possible is because of the number and types of companies in the country. Although startup companies also contribute to the growth of the South African economy, the big companies are no doubt some of the biggest contributors to the economy of the country.
In this article, we will identify some of the biggest companies in South Africa.
LIST OF TOP 10 BIGGEST COMPANIES IN SOUTH AFRICA
In no particular order, below are some of the biggest companies in South Africa:
1. Naspers Limited (NPN)
Naspers is a $50 billion global internet, technology, and multimedia company headquartered in Cape Town. The company was initially founded as a publishing company with several interests in news papers, magazines, and books. The company later diversified into television.
Currently, it is one of the largest technology investors in the world and also ranks as South Africa’s largest company in terms of value. The group also has sizable investments in associates such as Tencent, Mail.ru, and MakeMyTrip Ltd.
The company also owns Media24 and Takealot, South Africa’s biggest online retailer. It is amazing to see that Naspers has now become a multinational company after making several investments outside South Africa.
2. Anglo American Plc (AGL)
Anglo American is a mining corporation that was founded in Johannesburg, South Africa, by Ernest Oppenheimer in 1917. AGL mines copper, diamonds, and platinum group metals, as well as iron ore, coal, manganese, and nickel. The company’s other products include Copper, Diamonds, and iron.
Ore, metallurgical coal, nickel, platinum, and thermal coal Today, the company is the largest platinum producer in the world through its subsidiary, Anglo-American Platinum.
The company is listed on the London Stock Exchange and also on the Johannesburg Stock Exchange. As the biggest producer of platinum, this is one of the most powerful companies in the world.
3. Vodacom Group Ltd (VOD)
Our list is never complete without VOD. It is the largest South African as well as African leading telecommunications provider, specialising in communication services including mobile voice, messaging, and data.
If you are a trader who is looking for a high-yielding stock with exposure to the South African telecommunications industry, you might consider Vodacom.
4. Standard Bank Group Ltd (SBK)
Standard Bank Group Ltd. is a leading South African financial services group that originated in South Africa. SBK is South Africa’s largest banking group in terms of assets and operates in 20 countries in Africa. In some countries, it operates as Stanbic Bank and sometimes operates under existing banks. The bank was established in 1862 and is traded on the Johannesburg Stock Exchange as well as the London Stock Exchange.
Traders looking for high-yielding opportunities in the banking sector with a fast-growing exposure to the rest of Africa might consider Standard Bank a viable option.
5. FirstRand Limited (FSR)
The company was established in 1838 and has grown to become the biggest financial services company in South Africa, with a valuation of around $30 billion. With about 8.2 million clients, the company is considered the domestic leader when it comes to digital and data platforms and capabilities. Firstrand has grown into a multinational company with operations in other countries.
Just like in the United States, if you are a trader who is looking to trade in the domestic banking sector in the South African economy, you might consider Firstrand a viable option too.
6. MTN Group
This is the most prominent and successful South African telecommunications company that has expanded to other countries in the world. With its headquarters located in Johannesburg, MTN has around 280 million subscribers, making it one of the largest mobile network service providers in the world.
The company was established in 1994 but now has a market value of about $20 billion.
7. Capitec Bank
Capitec Bank is a retail bank holding company with its headquarters in South Africa. It was established in 2001. The bank is traded on the Johannesburg Stock Exchange and has turned out to be one of the largest in the country in terms of the number of ATMs, availability of mobile banking facilities, and large client base.
Capitec Bank had a market value of about $18.6 billion in January 2022.
8. Sasol
Sasol is an international integrated chemicals and energy firm that has successfully thrived in over 30 countries, with its headquarters in South Africa. Over time, this company has been leveraging technology to remain prominent in the industry, thus being recognised as one of the biggest companies doing well with tech, too. This company has a market value of about $11 billion.
9. Kumba Iron Ore
Kumba Iron Ore is one of the biggest and most relevant mining companies in South Africa, with its headquarters in Gauteng, South Africa.
The company specialises in the mining of platinum, nickel, copper, and diamond. Kumba Iron Ore employs around 14,000 people and has a market value of $14.44 billion.
The company is traded on the Johannesburg Stock Exchange.
10. Gold Fields Limited
Gold Fields Limited, formerly known as The Gold Fields of South Africa, is a gold mining company with headquarters in Johannesburg, South Africa. It has grown into a multinational company with operations across South Africa.
Gold Fields is one of the largest gold mining firms, listed on the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE).
Others include:
- Aspen Pharmacare
- Bidvest Group
- Remgro
- Sanlam
- Shoprite Holdings
- Kumba Iron Ore
- Impala Platinum Holdings
- Nedbank
- Anglo American Platinum
- COMPAGNIE FINANCIERE RICHEMONT
- Eskom
- Momentum Metropolitan Holdings
- Telkom
- Mediclinic International
CONCLUSION
Like some other African countries, South Africa has had its fair share of ups and downs, which have affected both local and international industries in the country. However, despite these challenges, a lot of companies have evolved over time and turned out to be not just big household names in South Africa but also prominent companies globally.
The expansion of these companies to other markets in other countries has brought about massive development in South Africa.
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