This makes it the richest company in Africa in this segment. This company initially started as just a family business and grew to be the largest food company in the continent. The mine is at the Old Congo Road, which is 10 kilometres from Solwezi Town. We’ll also see what these companies do, how much they earn, and what is their employee strength. The richest black man in South Africa, the billionaire with the European appearance Johann Rupert has turned a part of the father's company into the business shining in every sense. Apart from that, it has a 46,000-employee count and a line of stores in several segments. Shoprite Holdings have a total revenue amount of $11 billion. Super Group is among Africa’s leading supply chain and logistics providers. The main competitors of this firm include TelkomSa, Internet Solutions, as well as Business Connection. Ethio Telecom’s offerings include fixed-line, broadband, and mobile services. What started as an insurance company in 1918 has grown to be a full financial service provider. Also, it has an employee strength of 30,000 people. Its HQ is in Parktown in Johannesburg at the Inyanda House. Absa Group Limited offers various banking services such as business banking, personal banking, investment, and credit card services. It has a market base in Africa as well as Australia. Massmart is also the owner of several local brands. This conglomerate is the parent of more than 300 companies spread across multiple business lines. The airline also has international flights to Africa, Europe, Asia, and America. Nedbank is a bank service company that was founded on March 1st, 1888. Country: South Africa. Walmart has a majority stake in Massmart. Besides, the company employs up to 137,000 workers. Bidvest is located in Sandton, an affluent suburb in the Johannesburg Municipality. Globally this is also the largest open-pit mines. In addition to this South African mine, they also have 2 other mines in Ghana and 1 in Peru. While it is based in South Africa, it is also traded on the stock exchanges of London, New York, Johannesburg as well as Brussels and Paris. Continue Reading The Richest man in south Africa 2020 Johann Rupert – $ 5.5 billion. MTN group recorded its 232.6 million subscriber achievement in 2016. The firm started in 1918 and has since grown to become a leading provider of short-term insurance. OCP Group), 61. They have holdings in more than 300 different companies. In the mining industry, this company is a supplier of explosives and other similar accessories. Top 10 Richest DJs In South Africa 2020 Gone are the days when disc jockeying was looked down up on as the least in all careers one can venture into. Some of these include Managem (mining), AttijariWafa (bank) and Marjane the supermarket chain. Nicky Oppenheimer; Net Worth: $7.5 Billion. It also has interests in the field of property management. Their head office is known as the Safaricom House, which is present in Nairobi in Kenya. Gold Fields had a revenue of USD 2.5 billion in 2018. And a large part of that credit would go to companies like the ones above. This is controlled by Transnet and is state-owned. Sonatel’s origin can be traced back to 1985. If anybody tells you that forex trading is not real, then show them this article as proof that it is. Apart from this, it also provides television, internet, and corporate telecom solutions. In addition to all this, Datatec has also expanded into the cloud and mobile technology fields. Since then, it has grown to become a firm with a 12 million customer base. Its formation in 1961 was the result of an agreement between ENI, an Italy-based oil group, and the Tunisian State government. MTN Group is a major telecom company in South Africa. However, the most surprising aspect of one of the richest companies in Africa is its employee strength. The business tycoon’s assets are currently valued at … It is also Africa’s largest lender in terms of assets. He is … The prime focus of this firm is mining, construction, oil & gas as well as energy. Since then, it has been giving services to the NHS through its subsidiary. All these operations are focused across South Africa. The Golden Penny Flour is among the chief brands owned by the FMN. The organization’s corporate base camp, Standard Bank headquarters, is located in Simmonds Street, Johannesburg. Almost 18,000 people work for MMI Holdings. It is one of the top 40 companies that form the JSE or the Johannesburg Stock Exchange. Sanlam is a financial services group that was founded in 1918. Who is the richest musician in South Africa 2020? The company is best known for the brands Cartier and Montblanc. It was started in 1981 by government order. These are Oando Trading and Oando Energy Resources. The main task of this organization is importing and refining crude oil. Over 15,070 people work for this healthcare giant. The company has grown from thereon to become a major brand management giant. Sasol recruits 30,100 individuals globally and offers services to 33 countries. Bidford is present on four continents and was first started in 1999. The economy of the country largely depends on the tourism and its oil resources. Tunisienne de l’electricite et du Gazor or STEG is Tunisia-based electricity, utility, and natural gas firm. Apart from this, it is worth noting that they posted annual revenue of US D5.8 billion in 2018. In this area, it has also made efforts to make the treatment of HIV/AIDS more affordable. The group is also a major provider of insurance services, contract centers, and new & used auto parts. It is traded as SAP & SPPJY. It started in 2010 with the head office in Addis Ababa in Ethiopia. It is also called the National Society for Electricity and Gas. In the race to become the richest company in Africa in the consumer goods sector is RCL Foods. The firm is listed on the Egyptian Stock Market. This is a mining and engineering contractor. Apart from these interests, it is also developing an underwater offshore pipeline with the CNOOC Group. Nedbank has a total revenue amount of $7.7 billion. The King of Morocco, a member of the Alaouite dynasty, was born on 21st August 1963. In 2018, Telkom had USD 3.08 billion in revenues. The company deals in metal and mining services. Their retail chains in liquor, home goods, and food are the 2nd biggest in Africa. The chief interests of Remgro are financial services, banking, medical services, and packaging. Currently, the group has 442 stores across Sub-Saharan Countries and South Africa. This company has a total revenue amount of $8.9 billion. The store has been considering expansions into many other nations in Africa too. Apart from gold, it is also a major producer of Uranium oxide and silver. Patrice Motsepe. Its revenue is well above USD 4.1 billion (as of 2017). The Discovery Health Group has interests in savings, asset management, and insurance through its different companies. AECI is a provider of explosives and detonators to the diamond and gold mines in South Africa. Masswarehouse is one of the major divisions of Massmart. Both firms were providers of insurance and financial services in South Africa. This is an electricity public-utility in South Africa. When talking about the richest company in Africa, you cannot skip Eskom. Standard Bank has total assets of over USD 142 billion as per last estimates. Masscash is a wholesaler of liquor, personal care items, and food in South Africa. This chain makes it to this list of one of the richest companies in Africa with its revenue of R70.5 billion. The company began in 1850, and it went public in 1997. It is also providing services in the United Kingdom. Woolworths Holdings Limited is a retail chain in South Africa spread across different segments. He was ranked the richest person business in South Africa in 2020, even though he was $0.3 billion poorer in 2019. The group that started in 1925 has grown to become a retail giant globally. This company was formed after Arcelor was merged with Mittal Steel, an Indian steel company. South Africa is the southernmost country in Africa.It is the 25th-largest country in the world by land area, and with close to 56 million people, is the world's 24th-most populous nation.. It also has customers in over 20 nations. He was brought up in the South African region of Soweto. Each of these startups is getting a $38,000 funding and more in the form of support services. The African economy is a mix of trade, agriculture, and human resources of the continent. They have a presence not only in Africa but also in Asia and in many European countries. It is the first company in Africa that had its listing across the border on the Johannesburg Stock Exchange. They are also the holding company for many pharma companies. They provide private hospitals in South Africa. Mediclinic International employs over 3,000 people in South Africa. It was also the firm responsible for providing the country with internet access. 10 of the Richest People in South AfricaHello Displorers, welcome and thanks for watching. Brett and Mark Levy came together to start the Blue Label Telecom group in 2001. TOP 10 RICHEST MUSICIANS IN SOUTH AFRICA; CONCLUSION ON TOP 10 RICHEST MEN IN SOUTH AFRICA 2020. It is publicly traded, listed on the Egyptian Stock Exchange. And what does it do? Angola currently has more than 5 billion barrels in coastal and offshore petrol reserves. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. Along with this, it has an employee strength of 2,600. It runs a total of 3,328 stores in 34 countries. This group employs more than 146,000 people. All these numbers, with its 18,000 plus employee strength, making it one of the richest companies in Africa. In addition to this, it also had assets of USD 13.7 billion. Innovation and a continuous focus on improvement is key to its working. Its operations continue but with the new brand-name. Its production of unrefined steel is around 113 million tons in a year. It last reported a turnover of over USD 1.3 million. Blue Label Telecom also acquired Airvantage in 2018. What makes this firm so famous across the country is its focus on providing customers with value. Game is a discount-retail of groceries, fresh food, liquor, and general merchandise. The group has an employee strength of over 4,400 people. Dissolving pulp finds many uses, including textiles and ethers. It has since then grown to expand from South Africa to even Nigeria as well as the United Kingdom. The company trades on Eoruxnet Paris as well as the Casablanca Stock Exchange. This stake had a price of R1.037 billion. It also offers online services to its global customers. The company has total revenue of $9.4 billion. Makro is a leading retailer of appliances, gaming products, books, and electronics. Significant investors incorporate the South African Government Employees Pension Fund, Industrial Development Corporation of South Africa Limited (IDC), Allan Gray Investment Counsel, Coronation Fund, Investec Asset Management, and others. It has since grown into a company with annual sales touching 905,000 billion CFA. It was earlier known as M-Cell and was started in 1994. The head office of the company is in Johannesburg, but the company operates in many African, European, and Asian countries. Irene Charnley Net Worth: $151 Million; Industry: Telecoms. Transnet SOC Limited is a state-owned company in the field of pipelines, ports, and rail. SABMiller South Africa is a beverage and brewing company with its headquarters now in England. What makes Exxaro one of the richest companies in Africa is its innovation. Started by Bruno Steinhoff over 56 years ago, Steinhoff International is a manufacturer, source, and retailer of household goods and furniture. This separation and merger with Namakwa Sands & Eyesizwe Coal led to the birth of Exxaro in 2006. Sanlam is headquartered in Bellville, Western Cape, South Africa. What makes this company unique is that it serves the local areas with a low-price promise. They employ over 120,000 people and make 30% of Algeria’s total GNP or Gross National Product. This is a 174- year company that began in 1845 in Cape Town. It has since grown into a retail giant having 728 stores in just South Africa. This company works in the distribution of prepaid electronic value tokens and transaction servicing. Standard Bank Group doesn’t serve only African countries but also other continents such as Europe, Asia, North America, and South America. When a company is the largest producer of natural platinum globally, it could easily be the richest company in Africa. The Fruitspot, on the other hand, is only a B2B seller of vegetables and fruits. South Africa is located in the southern part of Africa and it is one of the pioneering African countries based on the economy. As of 2020, his net worth was estimated to be $6.3 billion, and the fourth richest African in 2020, according to Forbes #5 Johann Rupert $5.3 B This construction major had a USD 1.5 billion revenue estimate in 2018. Its first wheat mill plant was set up in Nigeria in 1962. It is also among the largest gold producers in the world. The country is among the largest oil producers of Africa. It has its head office in Sandton in South Africa. It has a customer base spread across Europe and Africa. While Forbes has ranked only five South Africans dollar billionaires in its 2020 Rich List, when counting in local currency, that list becomes significantly longer, below are the 10 Richest People In South Africa 1. Tag; Top 10 Richest Companies In South Africa 2020, Your email address will not be published. The top 10 richest celebrities in South Africa include the following; Top 10 Richest Celebrities In South Africa 2020 1. These include passenger services, supply chain solutions, manufacturing, and timber products, among other things. In the agriculture field, it provides fertilizers and helps in the development of farmers. Brands under SABMiller were the likes of Millers and Fosters. Their headquarters are located in Cape Town, South Africa. It is a public company with listing on the Johannesburg Stock Exchange. Next in the race to become the richest company in Africa is Murray and Roberts Holdings Ltd. As of 2018, the company recorded a turnover of R74.58 billion with an employee strength of almost 25,000. The roots of Remgro Limited can be traced to the Voorbrand Tobacco Company that was formed in 1940. Sonatel or the Société Nationale des Télécommunication is the main telecom firm of Senegal. Its annual turnover was well over R47.39 billion in 2018. Its estimated revenue was over USD15.1 billion in 2016. It was founded in 1936 with about 12,800 employees. Aspen Pharmcare is the largest African drug company. Standard Bank Group was founded on 15th October 1862. Imperial Holdings is one of the biggest companies in South Africa. It is worth noting here that the Transnet Freight Rail is Transnet’s largest division, and also the biggest outside the United States. It has several different store types, including Hypermarkets, Supermarkets, Liquor Stores, Pharmacies and boxer formats, among others. Some of the brand names under this group include Sasko, Veet Bix and Ceres. Simply known as the National Investment Company, SNI is a private holding company based in Morocco. As one of the best motivational speakers and keynote speakers alive today he has spoken in 4 of the 7 continents to over 250 000 people each year… It is the world’s 8th largest gold producer. In the year 2018, Telkom had an R 41.7 billion turnover. With a revenue of USD 4 billion in 2016, its presence as one of the richest companies in Africa is no surprise. This company started in 1990 and grew to a 45,000-employee organization. The Spar Group started in 1932 and employed over 300 people in Africa and over 350,000 people worldwide. MTN Group has its headquarters in Johannesburg. MRP’s stores are present throughout Africa. This is now among the biggest packaged goods firms in the richest company in Africa. Also, it ranks number 7 in the world in terms of its capacity for electricity generation. 39% of the stake is owned by the state, and the rest is privately owned. A 2016 count puts its employee strength at 5,749. Nicky Oppenheimer – Net Worth $7.5 billion. Apart from telecom, it also provides entertainment services. It has under it around 2,200 km of Senegal’s fibre cables. Lonmin is the mining arm of a British platinum manufacturing company. The OCP Group is in the field of mining & processing, engineering & consulting and ecosystem development. This firm is one of South Africa’s largest milling and customer goods brand. Apart from this, Telkom also holds a 64.9% stake in the Trudton Yellow Pages. They are among the largest engineering companies in South Africa. The design capacity allows MIDOR to produce over 100,000 barrels a day. Engen has a presence in 17 nations and also exports to 30 other nations. He is known to be the current richest South African and second richest man in Africa after Aliko Dangote. The company deals in financial services and is headquartered in Johannesburg. In 16 years, it has reached a revenue of over USD 5 billion. King Goodwill Zwelithini of Zulu South Africa - $19 million Earlier known as M-Cell, MTN is a multinational telecom company. Apart from this, they are also Africa’s largest telecom company. It is also the owner of the biggest pharmacy chains. Royal Air Maroc or RAM is an air-transport firm in Morocco. Some of the main mineral materials in South Africa are high-quality gold, tin, diamond, platinum, coal, iron ore, and copper. This firm is also the major supplier of steel to Europe, Canada, China, and the USA. Its major investment has a focus on IT and telecom. The organization’s headquarter office area in the Western Cape region of South Africa. The company is one of the richest organizations in South Africa for now. This group was Life Healthcare’s biggest rival. Safaricom has also been expanding in the sphere of cloud computing. This is the national airline of Ethiopia. It has copper smelting operations that go as far as the 4th century. As of 2020, King Mohammed VI has an estimated net worth of $2 billion, making him the richest king in Africa. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 - the first black African on the Forbes list. The company owns and operates over 41 different brands. MTN Group is also one of the sponsors of Manchester City F.C, which is an English soccer club. The GDP of the cou… While the company is primarily based in South Africa, it has operations around the globe. It moved its headquarters to South Africa around 1998. Its mining operations are around South Africa only. The group also owns a 45% stake in Cell C, which is among the top 4 telecom firms in South Africa. Aveng is among the largest construction and resource companies in South Africa. Omnia Holdings also produces and distributes polymers and chemicals. It has a 58% market share and a customer base of 103 million. Charlize Theron. The biggest of them is what the name of the richest company in Africa is? Also, it was the first multinational company in Egypt and is the core of the Orascom Group. Shoprite Holdings Limited is a public organization recorded on the Johannesburg Stock Exchange. All of this incorporates several business lines and products. Top 10 Richest Countries In Minerals In Africa, Top 9 Wealthiest Provinces In South Africa, Meegi Shuavy: Meet Victor Onodu, A Reputable Fashion Model and Artist, Top Highest-Paid Actors In South Africa 2020. From thereon, it has grown into a conglomerate with a variety of interests. It also has emergency hospitals at both ends of the Suez Canal. Besides, in this article, the richest companies in South Africa will be addressed. It has interests in internet communication, e-commerce, gaming as well as entertainment. The main businesses of this group include auto sales, retail stores, food processing and manufacturing of glass. Sappi Limited, South African Pulp and Paper industry limited, is a public pulp and paper company located in South Africa with a lot of operations around the world. It develops many commercial technologies. The sales of STEG crossed USD1.6 billion in 2018. The largest airline in South Africa, South African Airways has its headquarters in Airways Park at OR Tambo International Airport. TOP 10 RICHEST BLACK MEN IN SOUTH AFRICA 2020 1. South Africa is not only one of the most endowed countries in Africa but also, in the world. The company carries out services in Africa, Asia, Australia, North America, Europe, and South America. It has its HQ in Bedfordview in South Africa. To go by numbers, over 670,000 tons of soya and sunflower oil a year is produced by Cevital’s plants. In 2018, its turnover was reported at around 36 billion Moroccan Dinars. This company has been around since 1881, with its headquarters in Cape Town. It also forms around 20% of the market cap of Nigeria’s Stock Exchange. Next in the race to become the richest company in Africa is Murray and Roberts Holdings Ltd. Some of these services that it is in include financial planning, wills, trusts, wealth and investment management, and insurance. Omnia Holdings currently employs over 4,817 people. They had a revenue estimate of R 12.9 billion recently. The is the owner and managers of the major ports of South Africa. This division is behind the operations of Makro and the Fruitspot. The group’s net income was an estimated USD 1.8 billion. It is the largest distributor and wholesaler of these items across Africa. Its presence is in over 14 nations across the continent. Ethio Telecois Ethiopia’s major telecom company. Old Mutual Group recruits about 31,000 employees. Top 10 Richest Forex Traders In South Africa… These locations together account for a client base of over 10 million people. This company is an integrated chemical and energy company. However, 1/3rd of its earnings are from Nigeria. The Standard Bank Group is a South African budgetary company and is Africa’s greatest loan specialist by assets. Vivendi later purchased this share in 2001. Besides, it is the largest mobile network operating company in Africa and the eighth in the world. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). The company also has a stake in the VodafoneZiggo Group. The total revenue of this company is $8.2 billion. It is also in the process to acquire Lonmin. It has a network of centers across 15 countries and thousands of stores. DiounWired is a store selling technological solutions, primarily hi-tech and multimedia. Naftal is a name commonly seen across Algeria. MIDOR or the Middle East Oil Refinery provides a range of petroleum products and related services. It has also recently acquired Russia’s largest investment bank Troika. Discovery Health’s services are not just in Africa. However, its presence is not in Africa alone. Recently it has also begun providing Enterprise Security and Infrastructure solutions across the world. Datatec is an ICT or Information and Communications Technology service and solutions group. They also bought Alliance Medical in 2016 for USD 727 million. Truworths International is one of the largest retail clothing chains in South Africa. This company was formed through the merger of the Ashanti Goldfields Corporation with AngloGold in 2014. 10. Irene Charnley a beautiful South African and a former trade unionist born on … Top 10 richest African kings. Almost 38% of the global platinum supply is from this company. South Africa has a total number of about 58 million residents which makes it the 24th most populous country in the world. Residence: Cape Town. With these subsidiaries, its presence is across 10 African countries. Sonelgaz is a state-owned utility firm in Algeria. The total capacity of these tanks stands around 1 million cubic meters. The Bidvest Group is the employer of 130,877 employees. ONEE is among the largest utility companies in Africa. Telkom is partly private. The firm had a turnover of close to NGN 619 billion in 2018. The company does not have any presence outside Africa yet. Hurun Research Institute has published its annual billionaire ranking for 2020, which includes six names from South Africa. It operates in Singapore, the UK, Australia, the USA, and even China. Some of the main products of Exxaro include Coal, titanium, zircon and iron ore, among others. This is the biggest starch and glucose maker in Africa. She along with her husband Hylton Appelbaum owns DeMorgenzen Wine Estate and she was listed in Africa and South Africa as one of the richest women in 2012. Masssdiscounters recorded sales of USD 1.5 billionin2017. Its presence in the food processing industry is the largest. It is a South-Africa based conglomerate, with the majority of the operations in Johannesburg. SPAR is a name that many people will have heard. It also has interests in mining, food & beverage and petroleum sectors. Telkom is also a major provider of ADSL retail and ISP services for corporates. The corporate office of the Sibanye-Stilwater group is in Gauteng near the same operation center. This figure alone makes it the richest company in Africa that deals in short-term insurance. Africa’s richest man. The 2nd largest retail store group in South Africa, Pick n pay runs stores in 1600 locations across 7 nations in South Africa. Engen Petroleum focuses on refined petrol products. 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