richest company in south africa 2020

Transnet Pipelines takes care of the pipeline assets, and Transnet Freight Rail is the freight rail division. Charlize Theron. This group was formed due to the merger of the Tongaat Sugar Company with Hulett’s Sugar. She had been in the mining business ever since the ’80s. Telkom has over 500,000 customers for its broadband services alone. It has several different store types, including Hypermarkets, Supermarkets, Liquor Stores, Pharmacies and boxer formats, among others. In terms of earnings, SABMiller was the 2nd largest brewer in the world. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 - the first black African on the Forbes list. Apart from copper, it is also a producer of Gold. It employs an opencast digging technique in this mine. In 2018, ONEE reported an installed capacity that was above 8,700 MW. Innovation and a continuous focus on improvement is key to its working. Mediclinic International PLC is a hospital management firm. The company also gives back to the community by providing South African youths a platform to showcase their ideas and supports them in the implementation of those ideas. The company deals in bank service operations and is headquartered in Johannesburg, South Africa. Their retail chains in liquor, home goods, and food are the 2nd biggest in Africa. MTN Group has its headquarters in Johannesburg. This leading company in Africa also plays a major role in Tanzania’s growth. They are currently planning to expand into Ghana and Nigeria. Pioneer Foods is among the leading FMCG brands in South Africa. The company began in 1850, and it went public in 1997. SABMiller South Africa is a beverage and brewing company with its headquarters now in England. They have holdings in more than 300 different companies. Woolworths Holdings Limited is a retail chain in South Africa spread across different segments. The largest supermarket retailer in Africa is ShopRite Holdings. The top 10 richest celebrities in South Africa include the following; Top 10 Richest Celebrities In South Africa 2020 1. Its major investment has a focus on IT and telecom. Engen Petroleum focuses on refined petrol products. 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. The Soc. Here is a carefully curated list. Sonelgaz was started in 1969. The bank has a presence in not just Africa but in Asia and Europe too. Their primary business is the production, distribution, and sales of many food and beverage products. Your email address will not be published. Last year (2019), they reported a revenue of approximately USD 3.6 billion. Top 10 Richest Celebrities In South Africa 2020 The South Africa entertainment industry and social scene is quite easily the biggest on the continent and compares well with the best in the world. The richest company in Africa in the healthcare sector is Clicks Group. MTN Group Limited was formerly known as M-Cell. 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… This division is behind the operations of Makro and the Fruitspot. Currently, Kumba Iron Ore is located in South Africa’s Northern Cape Province. Sonatel has been actively working in the set up of fibre optics throughout Africa. While this may be a 100-member list, it is only a peek into the African economy and the business giants that make up one part of it. Its stocks are traded in several stock exchanges in the world. The company was incorporated in the year 1991. Its headquarters is currently in Braamfontein, 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. Apart from this, Implats also bought the North American Palladium to form Impala Canada in 2019. Further, the Tunisian government is the only shareholder of the firm. The Bidvest Group is the employer of 130,877 employees. The group that started in 1925 has grown to become a retail giant globally. The group is the largest one in Africa. Transnet Freight Rail is a logistics company in South Africa. He happens to have a 6 billion plan of building Africa's largest city. The Impala Mine in north-west Africa is one of its largest. 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. It provides wireline as well as remote media communication in the South African region. Apart from this, it is also in the production of glass, metals, plastic and papas. Bidvest Group is a trading and distribution company founded by Brian Joffe in 1988. It is also a major player in the energy sector. The country is located in North Africa and is a self-governing country. It is also a major representative of brands such as L’Oreal, Clinique and Revlon, among others. Ethio Telecom’s offerings include fixed-line, broadband, and mobile services. They manufacture, prepare, import and distribute cement. It has its headquarters in Johannesburg, South Africa. The company also deals with international freight management and works in several industries. Since then, Pick n Pay has grown into a retail chain that has revenues of R 83.5 billion. The richest companies in Africa in the banking sector began 182 years ago in 1838. Apart from this, it is worth noting that they posted annual revenue of US D5.8 billion in 2018. 35% of the total revenue of this company is from Nigeria. They offer several schemes in medical insurance to suit various consumer needs. As of 2010, MTN Group has a total number of 17,510 workers under it. He is … The economy of the country largely depends on the tourism and its oil resources. Makro is a leading retailer of appliances, gaming products, books, and electronics. They are involved in everything, right from the auto industry to commercial products to freight and much more. From thereon, it has grown into an organization that recorded revenues of USD 19 billion in 201. The group also owns a 45% stake in Cell C, which is among the top 4 telecom firms in South Africa. Sonatel’s origin can be traced back to 1985. The company does not have any presence outside Africa yet. 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 also serves the maximum destinations, has the largest fleet and revenue. The South African government’s DPE or Department of Public Enterprises owns the majority of this company. Sasol has a total revenue amount of $14.8 billion. Apart from South Africa, other countries where Sanlam operates are Namibia, Nigeria, Botswana, Malawi, Ghana, Uganda, Rwanda, India, Malaysia, and the United Kingdom. In 2018, Telkom had USD 3.08 billion in revenues. Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. Dissolving pulp finds many uses, including textiles and ethers. 77.7% of RCL foods are under Remgro, which is one of the firms that we already talked about. Patrice Motsepe. Its estimated revenue was over USD15.1 billion in 2016. The firm touched annual sales of USD 1.4 billion. Datatec is an ICT or Information and Communications Technology service and solutions group. Mediclinic International employs over 3,000 people in South Africa. One-third of this company’s revenue comes from Nigeria where it gains over 35% market shares. It has since grown to become among the largest building groups in Africa. Wendy Appelbaum. Santam reported revenue of R 25,909 billion in 2016. It has been around for 125 years, having formed in 1880. Richest Women in South Africa 1. This is wealth harnessed from music recordings and endorsements from big businesses. The JD Group is South Africa’s leading furniture retailing firm. This, along with its employee strength of 20,479, makes it the leading firm in the region. Nicky Oppenheimer. It also has RAM Express and RAM Cargo as its 2 subsidiaries. The Bidvest Group, based in South Africa, is a trading and services company. It was also the major sponsor of a cycling team named after it. 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 2018, Implats had revenue of R35.9 billion. It moved its headquarters to South Africa around 1998. Apart from telecom, it also provides entertainment services. The firm had a turnover of close to NGN 619 billion in 2018. This company was formed through the merger of the Ashanti Goldfields Corporation with AngloGold in 2014. As of 2015, MTN South Africa had revenue above USD 3 billion. Nicky Oppenheimer – Net Worth $7.5 billion. All these services are provided in markets in Africa and beyond, including Europe and Asia. In 2006, Netcare had purchased a major stake in the General Healthcare Group of the UK. Their head office is in Hydra in Algeria. Liberty Global PLC or, simply the Liberty Group came into existence in 2013. This firm is known for brewing spirits, ciders and wines among other beverages. The firm has since grown into a business with yearly sales touching USD 1.6 billion. Apart from the mentioned mineral resources, South Africa also has a rich and ideal climate condition for a perfect agricultural system. It is based out of South Africa and provides GSM-related internet to its customers. Kenya’s leading telecom provider is Safaricom. It had a turnover of RMB134.8 billion in 2018. Their employee strength stood at 20,500 in the same year. It is also the largest shareholder of Tencent. It has interests in internet communication, e-commerce, gaming as well as entertainment. It has since grown into a company with annual sales touching 905,000 billion CFA. All these impressive numbers do bring a lot of questions to mind. This is now among the biggest packaged goods firms in the richest company in Africa. Simply known as the National Investment Company, SNI is a private holding company based in Morocco. It runs a total of 3,328 stores in 34 countries. Their head office is known as the Safaricom House, which is present in Nairobi in Kenya. It is supported by several sister companies such as MIDOR Electricity and MIDWATER. Since then, FMN has grown to become an employer of more than 12,000 people. It is traded as SAP & SPPJY. Dangote Cement produces 44 million metric tons annually and plan to increase its output 33% by 2020. This group has its head office in Illovo in South Africa. 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. Net Worth: R1.6 Billion; The richest celebrity in South Africa is Charlize Theron and her richness has been known to stem from her filmography. The country is among the largest oil producers of Africa. Office Cherifien des Phosphates (The Walmart has a majority stake in Massmart. All these operations are focused across South Africa. It has also recently acquired Russia’s largest investment bank Troika. It has a customer base spread across Europe and Africa. Naspers also has investments across other regions. The Foschini Group is a leading retail chain in South Africa. In addition to all this, Datatec has also expanded into the cloud and mobile technology fields. SAPPI is a South Africa based pulp and paper company. His palace’s daily operating budget is estimated at $960,000. Richest Men In South Africa And Their Net Worth (2020) 1. Some of those are related to synthetic fuels, chemicals, and electricity. He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro. The company also has a stake in the VodafoneZiggo Group. Aspen had a revenue of over R 42 billion in 2018. Standard Bank Group doesn’t serve only African countries but also other continents such as Europe, Asia, North America, and South America. Nassef Onsi Sawiris (born in 1961) is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons (his brothers are Naguib and Samih). Its first wheat mill plant was set up in Nigeria in 1962. MTN Nigeria employed above 17,000 people and reported a revenue of USD 3.3 billion in 2015. The main products of Safaricom are spread across mobile communication, e-commerce and fibre optic services. Some of them include automobiles, office & print services, real estate, and even insurance. Old Mutual Life Assurance Company is a major banking and insurance group in Africa. Shoprite Holdings have a total revenue amount of $11 billion. This group is a provider of cable services in the Netherlands along with other content businesses. They are among the largest engineering companies in South Africa. It is one of the largest gold mining companies in the world. South Africa has a total number of about 58 million residents which makes it the 24th most populous country in the world. Game is a discount-retail of groceries, fresh food, liquor, and general merchandise. They provide electricity and water for running MIDOR refineries. SPAR is a name that many people will have heard. Their presence is across Africa, Australia, and Europe. They operate many power stations along with Africa’s first nuclear power plant. In 2017, a turnover of R35.03 billion was reported by Wilson Bayly Holmes-Ovcon. A 2016 count puts its employee strength at 5,749. This airline has 44 cargo and 125 passenger destinations. In the year 2018, Telkom had an R 41.7 billion turnover. MTN doesn’t operate in African countries alone but also in Asian and European countries. RCL Foods’ head office is in Durban, South Africa. The list of the richest men in Africa was released by Forbes magazine in January 2020. It has a 58% market share and a customer base of 103 million. The firm posted an annual turnover of USD 1.3 billion last year. It was the result of a venture between Danish, Christian & Nielsen along with the National Steel Company Algeria. This is the entity responsible for distributing natural gas and electricity in Algeria. This number puts it the 8th largest operator of mobile networks globally. Some of the main mineral materials in South Africa are high-quality gold, tin, diamond, platinum, coal, iron ore, and copper. It is the biggest private healthcare provider in Africa. It last reported a turnover of over USD 1.3 million. Its production of unrefined steel is around 113 million tons in a year. These locations together account for a client base of over 10 million people. Its HQ is in Brackenfell in South Africa. Sonelgaz is a state-owned utility firm in Algeria. This company initially started as just a family business and grew to be the largest food company in the continent. The Foschini Group retail stores have a strong presence outside Africa as well, including in the United Kingdom and Australia. It has since grown into a retail giant having 728 stores in just South Africa. The task of providing marine infrastructure and port infra is with the Transnet National Port Authority. Aspen Pharmcare is the largest African drug company. They are ranked at number 8 globally in terms of mobile networks. He is known to be the current richest South African and second richest man in Africa after Aliko Dangote. It is a public limited firm with operations outside Africa as well. Its turnover in 2018 stood at USD 2.1 billion. More than 31,000 employees work for the Tongaat Hulett Group. This is a mining and engineering contractor. Some of the brand names under this group include Sasko, Veet Bix and Ceres. Osman Ahmed Osman established this firm in 1955. They have a presence not only in Africa but also in Asia and in many European countries. It is also in charge of the largest oil fields in Africa. This company has been around since 1881, with its headquarters in Cape Town. The company offers both short- and long-term insurance. Apart from this, they are also a 51% owner of Air Algerie, a passenger and commercial airline company. The Fruitspot, on the other hand, is only a B2B seller of vegetables and fruits. Nicky Oppenheimer; Net Worth: $7.5 Billion. Its presence in the food processing industry is the largest. After that, it changed its name to Engen Petroleum. Nedbank is a bank service company that was founded on March 1st, 1888. Notify me of follow-up comments by email. Irene Charnley Net Worth: $151 Million; Industry: Telecoms. MTN Group is a major telecom company in South Africa. Black Coffee is the second richest artist in Africa after Akon. In 2016, its annual turnover stood at USD 2.4 billion. 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. The business tycoon’s assets are currently valued at … This packaged goods manufacturer began in 1996, setting up the operations base in South Africa. They dominate our economy and many are multinationals listed on other foreign exchanges. This group started in 1986 and has since grown into a company with 8000 employees and billions in revenue. The rest is with First Quantum Minerals Limited. It is also among the largest gold producers in the world. Both firms were providers of insurance and financial services in South Africa. Sasol creates and deals with technology, including manufactured fuel innovations, and produces distinctive fluid fills, chemicals, and power. Some of its most famous projects include the Gaza Strip Airport, the Aswan High Dam and the Luxor International Airport among others. However, its presence is not in Africa alone. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. Their turnover in 2018 was an estimated R32.06 billion. The firm is counted as among the most ‘Empowered Companies’ present on the Johannesburg Stock Exchange. This is the story of Sanlam, which started 102 years ago dealing with just life insurance. The corporate office of the Sibanye-Stilwater group is in Gauteng near the same operation center. It was started in 1956 and replaced the Suez Canal Company. Its customer base includes franchisees, dealers, government schemes and even hawkers. They were formed in 1979. The Bidcorp Group is an arm of Bidvest itself, which was unbundled in 2016 into a separate entity. Tunisienne de l’electricite et du Gaz. When OC first started, it was the owner of several cement plants in Africa and abroad. They provide private hospitals in South Africa. This company has interests in agriculture around South Africa. Their headquarters are located in Cape Town, South Africa. The firm’s main business is designing and manufacturing of product packaging. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. John Fairbairn first started this company as a mutual insurance firm. It has its HQ in Bedfordview in South Africa. It is one of the largest wholesalers and distributors of fresh produce in Africa. They were first listed on the Johannesburg Stock Exchange in May 2016. It is also called the National Society for Electricity and Gas. Some of the main products of Exxaro include Coal, titanium, zircon and iron ore, among others. It also has interests in the field of property management. Massmart is also the owner of several local brands. Anglo American PLC was founded by Ernest Oppenheimer in 1917 and is headquartered in Johannesburg. 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. South Africa is not only one of the most endowed countries in Africa but also, in the world. It also has 17 other sites across the rest of Africa. It seems that this family has done well for themselves. Globally this is also the largest open-pit mines. As one of the fastest-growing economies in the world, this number may just be exceeded! This firm is one of South Africa’s largest milling and customer goods brand. They reported a revenue of USD 6.48 billion in 2018. With more than 137,00 people working for it, it also has its own Bidvest Bank. However, its operations did not begin until April 8, 1946. Lonmin is the mining arm of a British platinum manufacturing company. This figure stands at over USD 7 billion. It owns over 13 brands across food, consumer goods, support, and logistics. The African economy is a mix of trade, agriculture, and human resources of the continent. To go by numbers, over 670,000 tons of soya and sunflower oil a year is produced by Cevital’s plants. Million residents which makes it one of the names under this Group has in! 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