richest company in south africa 2020

When talking about the richest company in Africa, you cannot leave out an oil major. It has since grown to become a firm that employs over 22,200 people. In the same year, its revenues stood at R 21.40 billion, with assets worth R 14.20 billion. It is also the biggest producer of dissolving pulp, globally. Apart from this, Sonangol also has its interests in technology and real estate. It is also the largest shareholder of Tencent. Apart from this, they are also a 51% owner of Air Algerie, a passenger and commercial airline company. However, this was taken away in 2002 when it was changed to a private firm. However, its operations did not begin until April 8, 1946. They are also the holding company for many pharma companies. 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. The group has an employee strength of over 4,400 people. The company also deals with international freight management and works in several industries. After that, it changed its name to Engen Petroleum. South Africa’s richest female black entrepreneur, Bridgette Radebe is a mining magnate. It has over 232 million customers, which makes it one of the richest companies in Africa. In addition to that, it also has dealerships in the United Kingdom. Ethio Telecom’s offerings include fixed-line, broadband, and mobile services. The country’s government owns most of the stake in this company. The organization’s headquarter office area in the Western Cape region of South Africa. They provide electricity and water for running MIDOR refineries. They are involved in everything, right from the auto industry to commercial products to freight and much more. It has interests in crude oil refining, marketing petroleum products and services through retail stores. He is a man of great taste, living in some of the most high-end locations in South Africa and owning an exquisite multi-million Rand house in Los Angeles. Walmart has a majority stake in Massmart. The roots of Remgro Limited can be traced to the Voorbrand Tobacco Company that was formed in 1940. Aveng has expertise in mining, steel manufacturing, public infra, and even water treatments. It has been around since 1923, which is over 97 years. They started in 1950 and today has more than 30,000 people working for it. This company is an integrated chemical and energy company. Apart from this, they are also Africa’s largest telecom company. Top 10 Richest Men In South Africa 2020. MRP’s stores are present throughout Africa. It is a public company listed on the Johannesburg Stock Exchange. It also has interests in the field of property management. Some of the brand names under this group include Sasko, Veet Bix and Ceres. It focuses on crude oil refinement for producing petroleum products. Irene Charnley a beautiful South African and a former trade unionist born on … This is also the 8th biggest mobile network provider, globally. 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. The firm has more than 22 operating sites across South Africa. This company works majorly in the public sector. 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. Sonelgaz produces 29 billion kWh in a year and sells 4.6 billion cubic meters of gas. It was started in 1981 by government order. Brands under SABMiller were the likes of Millers and Fosters. SNI went public in 1994. It has also recently acquired Russia’s largest investment bank Troika. They are working towards mines with zero emissions and wastes. It is the largest provider of such insurance is not just South Africa, but also Tanzania and other East African nations. It last reported a turnover of over USD 1.3 million. It has since then grown into a company with an income of over USD 382 million. At the age of 17, Vusi was already ranked 1st in Africa for motivational speaking. This separation and merger with Namakwa Sands & Eyesizwe Coal led to the birth of Exxaro in 2006. Tunisienne de l’electricite et du Gazor or STEG is Tunisia-based electricity, utility, and natural gas firm. Mediclinic International has more than 32,000 people working for it worldwide. It is a South-Africa based conglomerate, with the majority of the operations in Johannesburg. El Sewedy Electronics was a family business that began in 1938 by the El Sewedy family. Apart from this, it is impressive to note that it has an employee strength of 20,000. In addition to that, most of the nations’ fuel pipelines and rail services are also run by Transnet. They provide private hospitals in South Africa. Bidvest Group is a trading and distribution company founded by Brian Joffe in 1988. Its economy is the second-largest in Africa, and the 34th-largest in the world. This company has a total revenue amount of $8.9 billion. This was started in 1966, around 54 years ago. Their turnover in 2018 was an estimated R32.06 billion. The Fruitspot recently merged with Freshdeal. With that, let’s go ahead and explore the 100 richest companies in Africa. For this, it has a partnership with the Founders Factory Area. This stake had a price of R1.037 billion. Engen has a presence in 17 nations and also exports to 30 other nations. This firm is present in Europe, the Middle East, and Australia. ArcelorMittal had its command in South Africa and ranks among the largest mining and steel firms. It was earlier known as Edgars’ Consolidated Stores. Companies trading in crude oil are among the richest company in Africa, and La Société tunisienne des industries de raffinage are no exception. In just 20 years, it grew to a brand with a turnover of R25.21 billion. Some of these retail partnerships include GNC, Clicks, Claire’s and The Body Shop, among others. Woolworths Holdings Limited is a retail chain in South Africa spread across different segments. South Africa is located in the southern part of Africa and it is one of the pioneering African countries based on the economy. From thereon, it has grown into a conglomerate with a variety of interests. It has many businesses, including financial services, transport, distribution, logistics, and real estate. Masssdiscounters recorded sales of USD 1.5 billionin2017. Imperial Holdings is one of the biggest companies in South Africa. Netcare or Network Healthcare Holdings is one of the major health care firms in South Africa. It is also where it has a market share of 35%. The prime focus of this firm is mining, construction, oil & gas as well as energy. SAPPI is a South Africa based pulp and paper company. Apart from gold, it is also a major producer of Uranium oxide and silver. This company is an employer for over 14,000 people. Recently it has also begun providing Enterprise Security and Infrastructure solutions across the world. The corporate office of the Sibanye-Stilwater group is in Gauteng near the same operation center. Cevital was started 22 years ago in 1998. The JD Group is South Africa’s leading furniture retailing firm. What makes RAM one of the largest airlines in the area is its network and the sales volumes. 1. This is a mining and engineering contractor. Its customer base includes franchisees, dealers, government schemes and even hawkers. It also serves the maximum destinations, has the largest fleet and revenue. Its mining operations are around South Africa only. It was earlier known as M-Cell and was started in 1994. The Harmony Gold Mining company is the 3rd largest gold mining firm in entire South Africa. Vodacom Group is a telecom company that has its roots in South Africa and serves the majority customer base. He owns about 90% of publicly-traded Dangote Cement through a holding company. Unsurprisingly, this has led to many people wondering how much local celebrities make. The annual sales of Kansanshi Mining are close to USD 1.5 billion as of 2018. Their revenue in 2017 was USD 5,296 million. It is one of the largest wholesalers and distributors of fresh produce in Africa. Osman Ahmed Osman established this firm in 1955. Below is a list of young people who are the richest in South Africa: 1. Along with this, it has an employee strength of 2,600. Their employee strength is over 6,200 people. Patrice Motsepe. It last reported a turnover of over R18.32 billion. They also bought Alliance Medical in 2016 for USD 727 million. Their headquarters are located in Cape Town, South Africa. It has its headquarters in Johannesburg, South Africa. AECI recently expanded to get into business lines such as F&B, water processing, and chemical raw material. Absa is the richest company in South Africa with a total revenue of $9.7 billion. Currently, Kumba Iron Ore is located in South Africa’s Northern Cape Province. Their chief services are GSM and internet services, with Visafone being a major subsidiary. In the mining industry, this company is a supplier of explosives and other similar accessories. The business tycoon’s assets are currently valued at … He happens to have a 6 billion plan of building Africa's largest city. The sales of STEG crossed USD1.6 billion in 2018. They have operations spread across 50 nations on 6 continents. The Distell Group is among South Africa’s most famous drink and food companies. The company carries out services in Africa, Asia, Australia, North America, Europe, and South America. The group’s net income was an estimated USD  1.8 billion. 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. The Discovery Health Group has interests in savings, asset management, and insurance through its different companies. Their retail chains in liquor, home goods, and food are the 2nd biggest in Africa. Pioneer saw a sales number of R20.15 billion in 2018. It has several integrated business models. The GDP of the cou… In the same year, it also had over 18,290 employees. Both brands have a presence in 19 cities across the sub-Saharan Africa region. It last had an annual turnover of R23.31 billion. These sales volumes stood at USD 1.4 billion in 2018. Ref Wayne Refiloe ‘Ref Wayne’ Nkele is the founder of AFI (African Forex Institute) as well as the mastermind behind the AMG (Armageddon System) and Pipcoin (Africa’s first digital currency). Anglo American Platinum Corporation comes close to taking that title. It is owned by the Allied Technologies Limited and Bytes Technology Limited. FMN or the Flour Mills of Nigeria is an agribusiness firm from Nigeria. It is a fully government-owned enterprise that serves customers globally. The country’s government owns 100% of Ethiopian Airlines. The MIDOR refinery mixes, blends and provides storage for crude oil as well as fully-formed petrol products in its tanks. Apart from this, it is worth noting that they posted annual revenue of US D5.8 billion in 2018. 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. This was earlier a part of Kumba Resources. The firm is listed on the Egyptian Stock Market. As of 2018, the total number of Sanlam’s workers was 103,000. It also has a presence in Papua New Guinea. Some of these include Managem (mining), AttijariWafa (bank) and Marjane the supermarket chain. The company has a total revenue amount of $10 billion. Massmart Holdings Ltd is among the largest merchandise retailers in Africa. These locations together account for a client base of over 10 million people. The company deals in bank service operations and is headquartered in Johannesburg, South Africa. 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. Besides, the company employs up to 137,000 workers. The total capacity of these tanks stands around 1 million cubic meters. The company began in 1850, and it went public in 1997. It is also the owner of the biggest pharmacy chains. Residence: Cape Town. In addition to all this, Datatec has also expanded into the cloud and mobile technology fields. It runs over 18 different subsidiaries across Africa. This firm is in the domain of asset management and insurance. Omnia Holdings also produces and distributes polymers and chemicals. This company works in the distribution of prepaid electronic value tokens and transaction servicing. This is a mining and engineering contractor. Nicky Oppenheimer. The largest airline in South Africa, South African Airways has its headquarters in Airways Park at OR Tambo International Airport. Outside Africa, it also has branches in India, Guernsey as well as London. Its main focus areas include buildings, transport infra, and other major structures. The organization’s corporate base camp, Standard Bank headquarters, is located in Simmonds Street, Johannesburg. In October 2016, it was acquired by AB InBev. The group is the largest one in Africa. Its stocks are traded in several stock exchanges in the world. In the international community, African Banks are beginning to compete better in terms of capitalization. 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. This group provides these services to commercial, retail, public as well as the corporate sector. Prophet Shepherd Bushiri is from Malawi in Southern Africa. Their primary business is the production, distribution, and sales of many food and beverage products. This group employs more than 146,000 people. Sasol has a total revenue amount of $14.8 billion. Johann Peter Rupert is a South African-born entrepreneur, who is the eldest son of business tycoon Anton Rupert and his wife Huberte. It develops many commercial technologies. In the retail business, Edcon Limited is easily one of the richest companies in Africa. Its annual turnover was well over R47.39 billion in 2018. Its headquarters is currently in Braamfontein, South Africa. Almost 38% of the global platinum supply is from this company. The METL group or the Mohammed Enterprises Tanzania Group is across 11 nations in Africa. At this time when it was only formed in 1920, the company was called Tiger Oats Ltd. Sibanye Gold, or now known as Sibanye-Stilwater, is the largest individual gold producer in Africa. South Africa is an ideal country to investigate battery recycling, given the expertise from Sasol and the mines. In 2018, the MRP group posted sales of over R 21 billion. Its 100% ownership is with the government of Ethiopia. This is the biggest starch and glucose maker in Africa. They also have their commercial bank by the name of the Bidvest Bank. To go by numbers, over 670,000 tons of soya and sunflower oil a year is produced by Cevital’s plants. Tag; Top 10 Richest Companies In South Africa 2020, Your email address will not be published. They have 4 steel plants in Suez, Sadat City as well as Alexandria. Your email address will not be published. Outside Africa, Gold Fields owns 4 mines in Australia as well. These include passenger services, supply chain solutions, manufacturing, and timber products, among other things. Dangote Cement’s revenue is over NGN 386 billion. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. The chief interests of Remgro are financial services, banking, medical services, and packaging. The Soc. Sasol Limited is an incorporated energy and chemical organization situated in Sandton, South Africa. It runs a total of 3,328 stores in 34 countries. Old Mutual Group was founded on May 17, 1845. 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’s also among the largest broadband providers outside the United States. The country is among the largest oil producers of Africa. 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. This firm is one of South Africa’s largest milling and customer goods brand. It was the result of a venture between Danish, Christian & Nielsen along with the National Steel Company Algeria. It is the chief petroleum company in the country. Nicky Oppenheimer – Net Worth $7.5 billion. The group is also a major provider of insurance services, contract centers, and new & used auto parts. Also, it was the first multinational company in Egypt and is the core of the Orascom Group. The company has total revenue of $9.4 billion. Game is a discount-retail of groceries, fresh food, liquor, and general merchandise. Started by Bruno Steinhoff over 56 years ago, Steinhoff International is a manufacturer, source, and retailer of household goods and furniture. If anybody tells you that forex trading is not real, then show them this article as proof that it is. Next in the race to become the richest company in Africa is Murray and Roberts Holdings Ltd. The company deals in financial services and is headquartered in Johannesburg. King Goodwill Zwelithini of Zulu South Africa - $19 million MIDOR has a USD14 billion investment into it. In as much as most of them would not be compared with some of the well-financed banks in America and the United Kingdom, they can favorably stand at par with a lot of others. Consider Constructions is among Algeria’s largest construction firms. The rest is with First Quantum Minerals Limited. Net Worth: R27.72 billion; Date of Birth: January 28th, 1962; Patrice Motsepe is the first and only black man among South Africa’s dollar billionaires. The firm now has its presence across 18 countries globally. The main products of Safaricom are spread across mobile communication, e-commerce and fibre optic services. It also has customers in over 20 nations. Massmart is also the owner of several local brands. At that time, it was known as ANSDK or the Alexandria National Iron & Steel Company. Sasol is recorded on the Johannesburg Stock Exchange and the New York Stock Exchange. With this Sibanye Stilwater is expected to boost its platinum and palladium production. Sonelgaz was started in 1969. Impala Platinum Holdings in South Africa is the owner of many companies that are in the production of platinum and other metals of its group. From thereon, it grew to reach its current annual revenue of USD 6.3 billion in 2015. Like Bishop David Oyedepo, Prophet Shepherd Bushiri is also estimated to have a net worth of $150 million. We’ll also see what these companies do, how much they earn, and what is their employee strength. However, its presence is not in Africa alone. Located in the ‘City of Gold’ Johannesburg, Gold Fields Limited is a gold mining firm and one of the richest companies in Africa. Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. Imperial Holdings started in 1946 with a focus on transport and distribution. Transnet Freight Rail is a logistics company in South Africa. Known in real life as Nkosinathi Innocent Maphumulo, Black Coffee is … They were first listed on the Johannesburg Stock Exchange in May 2016. MTN group recorded its 232.6 million subscriber achievement in 2016. Besides, it is the largest corporate taxpayer in South Africa. Over 8,500 people work for this firm in the world. It has since grown into a company with annual sales touching 905,000 billion CFA. Apart from this, Implats also bought the North American Palladium to form Impala Canada in 2019. The Bidcorp Group is an arm of Bidvest itself, which was unbundled in 2016 into a separate entity. Some of the main mineral materials in South Africa are high-quality gold, tin, diamond, platinum, coal, iron ore, and copper. Hurun Research Institute has published its annual billionaire ranking for 2020, which includes six names from South Africa. The top 10 richest celebrities in South Africa include the following; Top 10 Richest Celebrities In South Africa 2020 1. All these services are provided in markets in Africa and beyond, including Europe and Asia. It has copper smelting operations that go as far as the 4th century. Here are the biggest and largest businesses in South Africa. It has since grown to become among the largest building groups in Africa. MTN doesn’t operate in African countries alone but also in Asian and European countries. Until its acquisition in 2016, this was one of the top 5 brewing companies in the world. It has since grown from its inception in 1996 to become a firm with revenue estimates of R29.24 billion. Safaricom has also been expanding in the sphere of cloud computing. Last is Transnet Engineering that deals in the service and maintenance of the rail equipment and engines. This company replaced the previous company EGA. This, along with its 2800+ employee strength, makes it one of the richest companies in Africa. This division is behind the operations of Makro and the Fruitspot. As one may guess from the name, Anglo Gold Ashanti is a world-renowned gold mining company. He was brought up in the South African region of Soweto. Standard Bank Group doesn’t serve only African countries but also other continents such as Europe, Asia, North America, and South America. They had a revenue estimate of R 12.9 billion recently. The revenue of Safaricom in 2018 was at KES242.14 billion. They provide both wireless and wired communication across the continent. Since then, it has grown into an employer of over 12,800 people with just paper and pulp as its chief products. It began as a private limited firm and went public in 1978 with its listing on the Nigerian Stock Exchange. A 2014 estimate put the number of retail stores under the JD group at 1,223. The annual sales of Nampak in 2018 were close to R17.3 billion. Datatec provides IT solutions and managed services. 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. Cevital is Algeria’s largest multi-industry firm. They dominate our economy and many are multinationals listed on other foreign exchanges. In Zambia, Kansanhi Mining ranks as the largest producer of copper. While it has HQ in New York, they have a branch located in East Africa in Tanzania. This company has been around since 1881, with its headquarters in Cape Town. It has operations across South Africa, UAE as well as Switzerland. The tourism and its oil resources countries globally copper, it was a seller of vegetables and fruits being! Datatec has also recently acquired Russia ’ s responsibility the Liberty Group came into existence 2013. Data and music streaming Nigeria is an incorporated energy and chemical raw material a publicly-traded listed! 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