The biggest companies In South Africa are among the most popular ones. South Africa is the second-largest economy in Africa, and the most developed on the continent. In fact, South Africa has a more developed economy and a much wealthier country than some European states. There are depth and diversity in the country’s productivity, and that makes a country wealthy, well balanced, and stable.
Many South African companies have grown to become multinationals, spreading their tentacles across Southern, East, and West Africa. Companies in the financial services sector, communications, and mobile telephony have become oversees cash cows; bringing in money from Nigeria, Kenya, Namibia, Ghana, and other countries, back to South Africa.
Let us also not forget that South Africa’s agriculture sector is highly developed and that South Africa is one of the biggest producers of gold in the world. With that said, we will be examining the top ten biggest most valuable companies in South Africa.
Top 10 Biggest Companies In South Africa 2020
Market Capitalization – 111.3 Billion Dollars
Naspers, founded in Johannesburg South Africa, is a global internet group and one of the largest technology investors in the world. The company operates or has stakes in some of the world’s leading internet platforms. Some of their investments are Tencent, Mail.ru, MakeMyTrip Ltd., and Delivery.
The company is operating in the broadcasting and cable industry, providing a television platform, print media, internet services, technology products, and also book publishing services. It is currently operating in over 120 countries in the world. Naspers runs some of the leading internet, video, media, and entertainment platforms in the world.
The company is publicly traded on the Johannesburg Stock Exchange. A Thomson Reuters poll of 11 brokers gave Naspers a ‘Strong Buy’ rating for the long term.
2. Anglo American Plc (AGL)
Market Capitalization – 35.9 Billion Dollars
Anglo American is a global mining giant with diversified interests. Apart from its currently exploited locations, the company still has lots of deposits, yet untapped at the moment. Anglo American Plc produces copper, diamonds, and platinum group metals, as well as iron ore coal, nickel, and manganese.
3. FirstRand Limited (FSR)
Market Capitalization – 27.2 Billion Dollars
FirstRand Limited is the holding company of FirstRand Bank with a market value of $27.2bn. FirstRand Bank is the largest financial services provider in South Africa. Of course, the viability of the banking sector is largely dependent on the health of an economy. With the South African economy well balanced and growing well, and with a good percentage of the people earning steady money, FirstRand is well-positioned for even more growth and currently the third biggest company in South Africa.
Since being founded in the year 1970, FirstRand has grown through its portfolio of leading financial services franchises that provide a universal set of transactional lending, investment, and also insurance services. The FirstRand group’s portfolio includes FNB, RMB, WesBank, and Ashburton Investment.
4. Standard Bank Group Ltd (SBK)
Market Capitalization – 22.9 Billion Dollars
Standard Bank Group Ltd of South Africa is a banking giant. As a matter of fact, this is one of the most prominent banking institutions on the continent by the number of countries it has a presence. Standard Bank is South Africa’s largest banking group by assets, and one of Africa’s biggest with a presence in 20 countries in sub-Saharan Africa.
The company is based in Johannesburg, South Africa, and offers a multitude of services including transactional banking, saving, borrowing, lending, investment, insurance, risk management, wealth management, and also advisory services. Standard Bank has one of the most substantial heritages of all companies on the list have been founded in the year 1862. The company is currently valued at $22.9 billion.
Market Capitalization – 20 Billion Dollars
Sasol Limited is a conglomerate by its own right. The company is first and foremost an integrated energy and chemical company. It was established in 1950 and is based in Sandton, South Africa. The company has developed unique processes that liquefy coal, making it a cleaner, more portable source of energy.
The company also develops and commercializes technologies, including clean and synthetic fuel technologies, as well as different liquid fuels, chemicals, and electricity.
Sasol is listed on the Johannesburg Stock Exchange, as well as on the New York Stock Exchange. It has over 30,100 employees and operates in 33 countries.
Market Capitalization – 13.5 Billion Dollars
MTN Group Limited is a South African mobile telephone communications company that has grown into a major multinational establishment and one of the biggest companies in South Africa. The head office of the company is in Johannesburg, but the company operates in many African, European, and Asian countries.
One-third of company revenue comes from Nigeria, but the company has over 232.6 million subscribers in several countries. The company is publicly traded in South Africa and has recently gone public in Nigeria as well. Visafone is a subsidiary of MTN. it was acquired in Nigeria.
MTN has about 17,510 people in its workforce. The market value of MTN Group stands at $13.5 billion.
Market Capitalization – 12.4 BILLION DOLLARS
Sanlam is another financial services giant from South Africa and the seventh most valuable company in South Africa. The company’s headquarters is in Bellville, Western Cape, South Africa. Sanlam is the largest insurance company in Africa, with operations in South Africa, Namibia, Nigeria, Botswana, Ghana, Kenya, Swaziland, Zimbabwe, Mauritius, Malawi, Zambia, Tanzania, Rwanda, Uganda, Mozambique, India, Malaysia and the UK.
Sanlam offers insurance products, as well as retirement savings, annuities, providing financial solutions to the individual as well as institutional clients, and other investments.
Some of the solutions that the company currently offers include personal financial services such as estate planning, wills, personal loans, health management, savings, and several others. Sanlam oversees five segments of operation which are: Sanlam Personal Finance, Sanlam Emerging Markets, Sanlam Investments, Sanlam and Corporate & Others. The market value of Sanlam currently stands at $12.4 billion.
Market Capitalization – 12.9 Billion Dollars
Mondi plc is an international packaging group of companies. The company is a multinational and is operating in South Africa, Europe, North America, and some European countries. The company is listed on South Africa’s Johannesburg Stock Exchange, London Stock Exchange, and the FTSE 100 index. The company has over 26,000 people in its workforce, operating in around 100 production sites.
Market Capitalization – 10.1 Billion Dollars
Remgro Limited is a Holding Company controlling many investments. The company is based in Stellenbosch, South Africa. Remgro is very well diversified; it has interests in banking, financial services, food and personal care products, packaging, petroleum, glass products, medical services, mining, beverage, and so on. Remgro is the kind of company you invest in and expect yearly returns because the company is just too diversified, and money must come in from one source or another.
Remgro is an Investment Holdings company with a market value of $8.4bn. The company makes investments across a wide range of sectors including food, liquor, home care, banking, healthcare, insurance, industrial, infrastructure, media, and sport, among several others.
Market Capitalization – 9.9 Billion Dollars
Absa Group Limited (ABGL) could be known to the older generation as Barclays Africa Group Limited. The bank is a major player in the South African financial services sector. The bank offers personal and business banking, credit cards, wealth and investment management as well as corporate and investment banking. The company has operations in Botswana, Ghana, Kenya, Mauritius, Mozambique, Seychelles, South Africa, Tanzania, as well as Uganda and Zambia.
Africa’s largest food retailer, Shoprite Holdings makes the list in 8th place. The company boasts of about 2,689 outlets spread across 15 African countries and Indian Ocean Islands, with over 144,000 employees on its payroll. The Shoprite Group consists of 14 retail brands including Shoprite, Usave, and Checkers, to meet the wide range of needs of consumers across all the retail market segments, anywhere from food to furniture.
The penultimate company on this list is Bid Corp. The company’s headquarters is located in the beautiful city of Johannesburg, South Africa. The market value of the Bid Corp. more than doubles the market value of MMI Holdings, the last company on this list at $6.7bn.
Bid Corp. is a broad-line foodservice group that is listed on the JSE South Africa, with a presence in all continents of the world other than North America. The company acts as an investor and looks to realize the existing potential in current foodservice operations, and also buying into acquisitive growth opportunities.
Rounding up this list is MMI Holdings. The Value of the company is currently put at US$2.5bn. MMI Holdings can lay claim to being one of only two insurance companies to make this list. The company was set up less than 8 years ago, sometime in the month of December 2010 following the merger of financial insurance players Metropolitan and Momentum.
The company has since made its way up the South African ladder to become one of the country’s top multibillion-dollar companies.
MMI Holdings currently specialize in the provision of long and also short-term insurance, savings, investment, and healthcare, asset and also property management services.
Conclusion on the Biggest Companies In South Africa 2020
As you may have observed, South African companies have basically become multinational establishments, consolidating on their brands and businesses in sub-Saharan Africa, and making tons of money in the process. As a matter of fact, some South African companies are bigger than publicly traded companies in many western countries.
These are the top ten biggest companies in South Africa as of today. Their operations cut across several sectors from telecommunications to the foodservice, to retail services and also banking and insurance services. Some of them are also operating in several other countries mostly in Africa.
Top South African cities such as Johannesburg, Cape Town, and Durban are also some of the top tourist destinations on the continent due to their beautiful landscapes, cleanliness, and also well-crafted man-made structures. South Africa is bounded on the south by the South Africa coastline that stretches for 2,798 kilometers along the South Atlantic and Indian Oceans.
In the north, the country shares a border with Namibia, Botswana, and Zimbabwe, and in the east, the border is shared with Mozambique, Swaziland, and Lesotho. Generally, the citizens of South Africa are naturally friendly, and living and doing business in South Africa is quite easy because of the friendly nature of the people. In terms of racial diversity, South Africa ranks high in the world as the country is racially diverse with all races present in the country.
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