There are multitudinous companies and firms in South Africa. Since then, it has been giving services to the NHS through its subsidiary. It last reported a turnover of over R18.32 billion. The company trades on Eoruxnet Paris as well as the Casablanca Stock Exchange. Its presence in the food processing industry is the largest. Its 2018 revenue estimate was at R25.55 billion. Most of its customer and export base lies in the Indian Ocean Islands and Africa. Makro deals with both B2C and B2B models. Apart from this, Sonangol also has its interests in technology and real estate. Globally this is also the largest open-pit mines. Its services are focused in the West African region. Anglo American is the world’s largest producer of platinum with about 40% output. It was started in 1956 and replaced the Suez Canal Company. SPAR is a name that many people will have heard. They have operations spread across 50 nations on 6 continents. The Fruitspot recently merged with Freshdeal. 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. They are working towards mines with zero emissions and wastes. It employs an opencast digging technique in this mine. South Africa’s richest female black entrepreneur, Bridgette Radebe is a mining magnate. It provides wireline as well as remote media communication in the South African region. Initially, the group was set up as a life insurance company. Eskom is Africa’s largest electricity producer. They provide both wireless and wired communication across the continent. It has operations spread across 10 nations in Africa, including Nigeria, Congo, Ghana, etc. The JD Group is South Africa’s leading furniture retailing firm. Some of those are related to synthetic fuels, chemicals, and electricity. At the age of 17, Vusi was already ranked 1st in Africa for motivational speaking. This number puts it the 8th largest operator of mobile networks globally. Masssdiscounters recorded sales of USD 1.5 billionin2017. The Bidvest Group, based in South Africa, is a trading and services company. It further increased the ownership to 88.1% by purchasing another 23.9% at R3939 million in 2013. They also reported revenue of over USD 5 billion in 2015. Here are the biggest and largest businesses in South Africa. Makro is a leading retailer of appliances, gaming products, books, and electronics. Started by Bruno Steinhoff over 56 years ago, Steinhoff International is a manufacturer, source, and retailer of household goods and furniture. This is a public firm traded on the Johannesburg Stock Exchange. The group that started in 1925 has grown to become a retail giant globally. With a revenue of USD 4 billion in 2016, its presence as one of the richest companies in Africa is no surprise. In addition to that, they also provide service to 250 corporates. The bank has a presence in not just Africa but in Asia and Europe too. Sonatrach is the richest company in Africa in the oil industry. With this Sibanye Stilwater is expected to boost its platinum and palladium production. It also reported USD 2.73 billion worth of assets. Game is a discount-retail of groceries, fresh food, liquor, and general merchandise. MTN Group is also one of the sponsors of Manchester City F.C, which is an English soccer club. The country is among the largest oil producers of Africa. Nassef Onsi Sawiris (born in 1961) is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons (his brothers are Naguib and Samih). They operate many power stations along with Africa’s first nuclear power plant. King Goodwill Zwelithini of Zulu South Africa - $19 million Some of the brand names under this group include Sasko, Veet Bix and Ceres. As per the sales volumes, STEG is Tunisia’s largest firm. The list of the richest men in Africa was released by Forbes magazine in January 2020. Its major investment has a focus on IT and telecom. The richest companies in Africa in the banking sector began 182 years ago in 1838. Over 11,000 people work for these stores. South Africa is the southernmost country in Africa.It is the 25th-largest country in the world … This firm owns 100% of the Life Healthcare Group. The prime focus of this firm is mining, construction, oil & gas as well as energy. Currently, the group has 442 stores across Sub-Saharan Countries and South Africa. MeTL group employs almost 100,000 people. It has also recently acquired Russia’s largest investment bank Troika. South Africa has a total number of about 58 million residents which makes it the 24th most populous country in the world. This firm is in the domain of asset management and insurance. Although there are a lot of affluent companies and organizations in South Africa, the richest ones have been listed above. Both firms were providers of insurance and financial services in South Africa. It also has several notable acquisitions to its name, such as the Retail Apparel Group in Australia. The global employment count of Distell stands at 5,300 around the world. It also has operations outside Africa in several Asian and European nations. Currently, it is a 25,000-people organization. In Zambia, Kansanhi Mining ranks as the largest producer of copper. Absa is the richest company in South Africa with a total revenue of $9.7 billion. In 2017, a turnover of R35.03 billion was reported by Wilson Bayly Holmes-Ovcon. It has operations across South Africa, UAE as well as Switzerland. Currently, Kumba Iron Ore is located in South Africa’s Northern Cape Province. It has a 58% market share and a customer base of 103 million. However, its presence is not in Africa alone. The company deals in financial services and is headquartered in Johannesburg. With that, let’s go ahead and explore the 100 richest companies in Africa. What makes Exxaro one of the richest companies in Africa is its innovation. In 1902, Ernest Barlow started Barloworld in Durban. The firm had a turnover of close to NGN 619 billion in 2018. Its annual turnover was around R30 billion in 2019. The organization’s headquarter office area in the Western Cape region of South Africa. As one may guess from the name, Anglo Gold Ashanti is a world-renowned gold mining company. The South African government’s DPE or Department of Public Enterprises owns the majority of this company. Brett and Mark Levy came together to start the Blue Label Telecom group in 2001. With more than 137,00 people working for it, it also has its own Bidvest Bank. He is a Christian preacher, motivational speaker, author and … Transnet Pipelines takes care of the pipeline assets, and Transnet Freight Rail is the freight rail division. Wilson Bayly Holmes-Ovcon is a building and civil engineering firm. This stake had a price of R1.037 billion. The company also has a stake in the VodafoneZiggo Group. It is a public company with listing on the Johannesburg Stock Exchange. FMN or the Flour Mills of Nigeria is an agribusiness firm from Nigeria. Some of these include Managem (mining), AttijariWafa (bank) and Marjane the supermarket chain. Nedbank has a total revenue amount of $7.7 billion. Residence: Cape Town. The airline has its head office at Addis Ababa in Ethiopia. It started in 1950. Apart from these, Netcare is also supporting 35 health-tech startups in Africa. From thereon, it has grown into an organization that recorded revenues of USD 19 billion in 201. It is a public telecom company that started in 1994. The group’s net income was an estimated USD 1.8 billion. Since then, it has grown to become a firm with a 12 million customer base. Africa has over 140,000 millionaires and a steady growth rate. We’ll also see what these companies do, how much they earn, and what is their employee strength. In October 2016, it was acquired by AB InBev. As one of the fastest-growing economies in the world, this number may just be exceeded! It also has interests in mining, food & beverage and petroleum sectors. 1. Mediclinic International employs over 3,000 people in South Africa. It also forms around 20% of the market cap of Nigeria’s Stock Exchange. It has a market cap of over R96 billion, which makes it one of the richest companies in Africa. Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Nicky Oppenheimer. It operates in Singapore, the UK, Australia, the USA, and even China. Its annual turnover is in the range of R17.6 billion. This was started in 1966, around 54 years ago. Pioneer saw a sales number of R20.15 billion in 2018. 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 also sponsors several arts and sports across Africa. It is under the Brimstone Investment group. The company owns and operates over 41 different brands. Apart from this, they are also Africa’s largest telecom company. Transnet SOC Limited is a state-owned company in the field of pipelines, ports, and rail. This construction group was found in 2001. In addition to this, Edcon is also a leading provider of financial services in Africa. Net Worth: R3.6 Billion; Wendy Appelbaum is the richest woman in South Africa and was awarded one of the leading women entrepreneurs of the world. The METL group or the Mohammed Enterprises Tanzania Group is across 11 nations in Africa. Their head office is in Hydra in Algeria. JOHANNESBURG, SOUTH AFRICA – NOVEMBER 08: ..Patrice Motsepe during the Sunday Times Top 100 Companies event at The Empire on November 08, 2017 in Johannesburg, South Africa. As of 2020, King Mohammed VI has an estimated net worth of $2 billion, making him the richest king in Africa. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). They are among the largest engineering companies in South Africa. This group started in 1986 and has since grown into a company with 8000 employees and billions in revenue. The airline also has international flights to Africa, Europe, Asia, and America. Notify me of follow-up comments by email. SAPPI is a South Africa based pulp and paper company. Its turnover in 2018 stood at USD 2.1 billion. The provision of both internet and telecommunication across the country is Ethio Telecom’s responsibility. 10 Richest Banks in Africa with the Largest Assets in 2020. Recently it has also begun providing Enterprise Security and Infrastructure solutions across the world. The firm’s main business is designing and manufacturing of product packaging. 35% of the total revenue of this company is from Nigeria. Unsurprisingly, this has led to many people wondering how much local celebrities make. Prolog Projects is one of the main rivals of this group. The company also deals with international freight management and works in several industries. Besides, it is the largest corporate taxpayer in South Africa. The company has a total revenue amount of $27.6 billion. The following are the top 10 richest forex traders in South Africa, some hints about their wealth, and a few lessons that we can learn from them. This construction major had a USD 1.5 billion revenue estimate in 2018. It has an employee count of over 6,648 with revenue estimates of R 20.8 billion as of 2016. What makes this firm so famous across the country is its focus on providing customers with value. It has a network of centers across 15 countries and thousands of stores. The company was originally founded in Germany. In 2016, MTN reported a subscriber base of 232 million. Its main focus areas include buildings, transport infra, and other major structures. The top 10 security companies in South Africa are expected to thrive because of the expanding IT industry where data analytics and internet play a pivotal role in the smooth functioning of the organizations. This is now among the biggest packaged goods firms in the richest company in Africa. Momentum Metropolitan Holdings or MMI Holdings Ltd is a financial service provider. The largest airline in South Africa, South African Airways has its headquarters in Airways Park at OR Tambo International Airport. It was started in 1981 by government order. All of this incorporates several business lines and products. In 2018, it had an R 45.73 billion turnover. They offer several schemes in medical insurance to suit various consumer needs. It last reported a turnover of over USD 1.3 million. Mediclinic International PLC is a hospital management firm. MTN group recorded its 232.6 million subscriber achievement in 2016. It was globally the 3rd largest gold producer. This leading company in Africa also plays a major role in Tanzania’s growth. These numbers are kept up by the fact that it is the sole producer and distributor of electricity and natural gas in Tunisia. It has a majority stake of 53% in the Distell Group. John Fairbairn first started this company as a mutual insurance firm. 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. Dangote Cement’s revenue is over NGN 386 billion. Outside Africa, Gold Fields owns 4 mines in Australia as well. What makes it one of the richest companies in Africa is that it works in all sectors of the petroleum industry. A 2016 estimate puts its turnover at $2.4 billion. In return for this, both the partners are picking up a 5-10% stake in the startups. Top 10 Richest Companies In The World (2020 Update) Joel Kuruye October 1, 2020 Over the past decades and centuries, some corporations and firms have through sheer diligence, hard work and enormous amount of resilience built their brands from the scratch up to the global center stages that they sit on today. More than 31,000 employees work for the Tongaat Hulett Group. This company is primarily in Melrose Arch in South Africa. For this, it has a partnership with the Founders Factory Area. Since South Africa’s democracy in 1944, the country has been dedicated and has witnessed tangible developments. RELATED: TOP 20 RICHEST COMPANIES IN NIGERIA. The annual sales of Kansanshi Mining are close to USD 1.5 billion as of 2018. Royal Air Maroc or RAM is an air-transport firm in Morocco. Prophet Shepherd Bushiri is from Malawi in Southern Africa. It is also called the National Society for Electricity and Gas. It has since grown from its inception in 1996 to become a firm with revenue estimates of R29.24 billion. This makes it the richest company in Africa in this segment. It is the biggest private healthcare provider in Africa. One-third of this company’s revenue comes from Nigeria where it gains over 35% market shares. He owns about 90% of publicly-traded Dangote Cement through a holding company. The sales of STEG crossed USD1.6 billion in 2018. Not only is it listed on South Africa’s securities exchange, but it is also a part of the London Stock Exchange and its FTSE 250 Index. In that year, Momentum Group and Metropolitan Holdings had a merger. Its stocks are traded in several stock exchanges in the world. Also, it is worth noting that they reported a turnover of over R62 billion in 2017. It was founded in 1936 with about 12,800 employees. Massdiscounters has 2 retail brands under it. Its headquarters is currently in Braamfontein, South Africa. MTN Group Limited was formerly known as M-Cell. The store has been considering expansions into many other nations in Africa too. In 2018, they had a turnover figure of USD 11.9 billion. Charlize Theron. The company carries out services in Africa, Asia, Australia, North America, Europe, and South America. The Tongaat Hulett Group found in 1892 is into agriculture and agro-processing. Apart from petroleum, Naftal also deals in Butane, Diesel and Sirghaz oils. Their employee strength is over 6,200 people. The Life Healthcare Group was found in the year 1983. MTN Group has its headquarters in Johannesburg. Safaricom has also been expanding in the sphere of cloud computing. The group has an employee strength of over 4,400 people. This group provides these services to commercial, retail, public as well as the corporate sector. Their retail chains in liquor, home goods, and food are the 2nd biggest in Africa. Mediclinic International has more than 32,000 people working for it worldwide. This is also the 8th biggest mobile network provider, globally. It has since then grown into a company with an income of over USD 382 million. This is an electricity public-utility in South Africa. Wendy Appelbaum. It runs over 18 different subsidiaries across Africa. The company offers both short- and long-term insurance. Super Group provides end-to-end supply chain services, management of fleet and dealerships to a range of customers. As of now, they employ over 51,000 people, with revenues exceeding USD 10 billion. Discovery Health’s services are not just in Africa. The group also had its headquarters with Massmart in Sandton, South Africa. A 2016 count puts its employee strength at 5,749. This conglomerate is the parent of more than 300 companies spread across multiple business lines. In addition to that, it also has dealerships in the United Kingdom. La Société tunisienne des industries de raffinage, 77. Orascom Construction PLC is an EPC or Engineering Procurement & Construction contracting firm. It is publicly traded, listed on the Egyptian Stock Exchange. What makes it the richest company in Africa is that it has stakes in the largest private companies in Africa. This is controlled by Transnet and is state-owned. These sales volumes stood at USD 1.4 billion in 2018. Pioneer Foods is among the leading FMCG brands in South Africa. Apart from this, it is worth noting that they posted annual revenue of US D5.8 billion in 2018. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. It has 1,450 service stations and a refinery in Durban that produces 120,000 barrels per day. Imperial Holdings is one of the biggest companies in South Africa. Standard Bank Group doesn’t serve only African countries but also other continents such as Europe, Asia, North America, and South America. The group was fully nationalized 14 years later in 1975. TOP 10 RICHEST BLACK MEN IN SOUTH AFRICA 2020 1. AECI is a provider of explosives and detonators to the diamond and gold mines in South Africa. Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. The largest supermarket retailer in Africa is ShopRite Holdings. It started in 1895 as South African Breweries and grew on to become one of the biggest brewery names in the world. The main products of Safaricom are spread across mobile communication, e-commerce and fibre optic services. This separation and merger with Namakwa Sands & Eyesizwe Coal led to the birth of Exxaro in 2006. In 16 years, it has reached a revenue of over USD 5 billion. Guinea Referendum Marred with Death and Violence, Coronavirus in Africa – All the Latest Updates, 29. Top 10 Richest Men In South Africa 2020. Remgro Limited is a South African investment holding firm. The Foschini Group is a leading retail chain in South Africa. It is a public utility provider and one of the richest companies in Africa. They are ranked at number 8 globally in terms of mobile networks. Apart from South Africa, other countries where Sanlam operates are Namibia, Nigeria, Botswana, Malawi, Ghana, Uganda, Rwanda, India, Malaysia, and the United Kingdom. Sasol recruits 30,100 individuals globally and offers services to 33 countries. It started in 2010 with the head office in Addis Ababa in Ethiopia. Vivendi later purchased this share in 2001. Earlier known as M-Cell, MTN is a multinational telecom company. They have 4 steel plants in Suez, Sadat City as well as Alexandria. Shoprite Holdings have a total revenue amount of $11 billion. Over 67% of Nampak’s revenue comes from South Africa. Masscash has bee providing competitive prices across these areas due to its footprint of warehouses and stores. However, over 80% of the firm’s business is cement production. GropeMaroc Telecom has over 1,000 people working for it. MTN Group South Africa was earlier known as M-Cell. The company was originally formed in 1998 by spinning off international assets owned by Rembrandt Group Limited (now Remgro Limited), a South Africa company his father Anton founded in … It was ranked as the 9th largest public entity in Africa by Forbes. The GDP of the cou… Imperial Holdings started in 1946 with a focus on transport and distribution. He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro. The Dangote Group has interests in Sugar, Cement, Flour, Packaging, Oil &Gas, and Salt, among other things. Kenya’s leading telecom provider is Safaricom. The company was founded in 1994 and it deals with internet services. The total revenue of the Standard bank group is $9.6 billion. Kansanhi Mining not only owns the oldest mines in Africa, but this could easily make it the richest company in Africa in mining. Imperial Holdings is one of the most renowned logistics company all through the supply chain. Top 10 Richest Forex Traders In South Africa… Remegro is the majority owner of the Distell group as well. Besides, the company has an international office in London and New York. Recently it also began retailing in beauty products. The company is one of the richest organizations in South Africa for now. Sonelgaz was started in 1969. This means it providers insurance plans for durations that could be anywhere between 30 to 90 days. They currently have more than 5,000 people working for them. Engen has a presence in 17 nations and also exports to 30 other nations. Since then, it has grown into an employer of over 12,800 people with just paper and pulp as its chief products. Santam is a financial service provider based in CapeTown. The firm posted an annual turnover of USD 1.3 billion last year. Patrice Motsepe. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 - the first black African on the Forbes list. The OCP Group is in the field of mining & processing, engineering & consulting and ecosystem development. It employs over 44,000 people in this retail chain. The company does not have any presence outside Africa yet. Apart from copper, it is also a producer of Gold. By the end of the 2016 financial year, the Suez Canal Authority had a USD 5 billion turnover. As of 2010, MTN Group has a total number of 17,510 workers under it. Apart from telecom, it also provides entertainment services. The merger of Gencor Limited and Gold Fields of South America Ltd led to its birth. It is also in charge of the largest oil fields in Africa. The firm started as a family clothing store. Read the below piece to know more about the companies. Located in the ‘City of Gold’ Johannesburg, Gold Fields Limited is a gold mining firm and one of the richest companies in Africa. It was earlier known as Edgars’ Consolidated Stores. In addition to this, it also had assets of USD 13.7 billion. This chain makes it to this list of one of the richest companies in Africa with its revenue of R70.5 billion. It is no surprise that this group’s annual turnover was well above €34.5 billion in 2017. Its mining operations are around South Africa only. The latter is a South Africa based telecom giant. The firm has more than 22 operating sites across South Africa. It has copper smelting operations that go as far as the 4th century. With over 130,000 people on its payroll and revenues and revenues over EUR 12 billion, which makes this company in this list of richest companies in Africa is no secret. 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… The company’s product line includes cables, wires, energy measurement products, and telecom accessories. In the international community, African Banks are beginning to compete better in terms of capitalization. It is worth noting here that while it has stores outside South Africa in Australia and New Zealand, it has no association with the Australian supermarket chain Woolworths. In their own words, Telkom is Africa’s biggest integrated communication provider. This is a 174- year company that began in 1845 in Cape Town. All these services are provided in markets in Africa and beyond, including Europe and Asia. The Dangote Group is West Africa’s largest multi-industry company. Since then, Pick n Pay has grown into a retail chain that has revenues of R 83.5 billion. It also has emergency hospitals at both ends of the Suez Canal. Almost 38% of the global platinum supply is from this company. The Soc. Angola currently has more than 5 billion barrels in coastal and offshore petrol reserves. Omnia Holdings, found in 1967, provides chemical products to various industries. Sasol Ltd has its HQ in Sandton in South Africa. The group also owns a 45% stake in Cell C, which is among the top 4 telecom firms in South Africa. This company was formed through the merger of the Ashanti Goldfields Corporation with AngloGold in 2014. The National Refinery of Tunisia is under La Société tunisienne des industries de raffinage. Like Bishop David Oyedepo, Prophet Shepherd Bushiri is also estimated to have a net worth of $150 million. Apart from that, it has a 46,000-employee count and a line of stores in several segments. Its production of unrefined steel is around 113 million tons in a year. Its HQ is in Parktown in Johannesburg at the Inyanda House. They employ over 120,000 people and make 30% of Algeria’s total GNP or Gross National Product. It has its headquarters located at Johannesburg, South Africa with Stephen Robert as his Binnie as his CEO. Until its acquisition in 2016, this was one of the top 5 brewing companies in the world. It is a South-Africa based conglomerate, with the majority of the operations in Johannesburg. When talking about the richest company in Africa, you cannot skip Eskom. The corporate office of the Sibanye-Stilwater group is in Gauteng near the same operation center. It is also the owner of the biggest pharmacy chains. Apart from cement, it also produces and distributes related products as well as different variants of cement. This is the largest airline in Africa, and not just by terms of passenger size alone. Transnet Freight Rail is a logistics company in South Africa. What started as an insurance company in 1918 has grown to be a full financial service provider. Right now, its revenues stand at R18 billion. In this segment, it grew to become a name with more than 200 branches to its credit Edcon Limited details in clothing, accessories, footwear and sporting equipment through its retail chain. The mine is at the Old Congo Road, which is 10 kilometres from Solwezi Town. With all these revenues and holdings, Remgro Limited has an employee strength of just around 173. Apart from these interests, it is also developing an underwater offshore pipeline with the CNOOC Group. Along with this, it has an employee strength of 2,600. It is also in the process to acquire Lonmin. It has been around since 1923, which is over 97 years. Its advertising campaigns and coverage that extends to Mount Kilimanjaro have added to its popularity. It is a fully government-owned enterprise that serves customers globally. Safaricom is East & Central Africa’s most profitable firm. Oando PLC is one of the largest petroleum companies in South Africa. Aspen Pharmcare is the largest African drug company. These men are known throughout South Africa as the most indigenous and business-minded people who went against all odds to make sure that their wealth speaks for them anywhere they go. From there on, they have expanded into warehousing as well as synchronization management. Aspen had a revenue of over R 42 billion in 2018. This company was earlier known as Anglovaal Engineering. Massmart owns this company, now a part of Walmart International. They have a presence not only in Africa but also in Asia and in many European countries. It runs with an employee strength of 17,500. The company is the main provider of fixed-line and mobile communication services in the country. Harmony Gold Mining has since grown into a firm that employs over 34,000 people. The brand retails in clothes, accessories, and footwear for men, women, and kids. Their headquarters are located in Cape Town, South Africa. FirstRand Limited or the FirstRand Group is among the largest provider of Financial Services in South Africa. This company initially started as just a family business and grew to be the largest food company in the continent. The African economy is a mix of trade, agriculture, and human resources of the continent. Its customer base includes franchisees, dealers, government schemes and even hawkers. This company has interests in agriculture around South Africa. SABMiller South Africa is a beverage and brewing company with its headquarters now in England. This firm is also the major supplier of steel to Europe, Canada, China, and the USA. 10. South Africa is not only one of the most endowed countries in Africa but also, in the world. Last year (2019), they reported a revenue of approximately USD 3.6 billion. They dominate our economy and many are multinationals listed on other foreign exchanges. Sonelgaz produces 29 billion kWh in a year and sells 4.6 billion cubic meters of gas. And a large part of that credit would go to companies like the ones above. Massdiscounters is a retail brand under the Massmart Holdings Group. It is based out of South Africa and provides GSM-related internet to its customers. It is also among the largest gold producers in the world. It is the largest provider of such insurance is not just South Africa, but also Tanzania and other East African nations.
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