Top 10 Biggest Companies in South Africa
As the most industrialized economy in Africa and the second largest on the continent, South African companies have grown at a remarkable rate since the late ... read more...1990s, particularly in financial services, industrial production, and mining. This article will take a closer look at a list of the 10 biggest companies in South Africa that Toplist would like to introduce to readers.
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Naspers Limited is a South African international holding corporation for the internet, technology, and multimedia with its headquarters in Cape Town.
With a passion for newspapers, journals, and books, lawyer WA Hofmeyr founded Naspers in 1915, becoming the country's biggest publishing house for much of the 20th century. The business started to broaden its offerings in the 1980s, when it introduced a subscription television service and made its first investments outside of South Africa.
Naspers has two main business units including Prosus & Naspers South Africa.
In 2001, Naspers invested early in the Chinese technology firm Tencent and shifted its attention more and more to the global consumer internet market. With a 31 percent stake in Tencent, the global internet investment business unit, Prosus was launched by Naspers on Euronext Amsterdam in 2019. Naspers currently owns 56.92% of Prosus shares. Through Prosus, the company operates and invests in markets with long-term growth potential, building leading consumer internet companies that empower people and enrich communities.
In South Africa, Naspers is dedicated to growing its online and e-commerce businesses and is one of the top investors in the technology sector. The company wholly owned the largest online retailer in South Africa, Takealot, Mr. D. Food, Superbalist, Autotrader, Property24, PayU, and Media24, South Africa's leading print and digital media business.
After more than a century of establishment and growth, Naspers has evolved into a worldwide consumer internet firm and one of the top technology investors in the world. In South Africa, Naspers has a primary listing on the Johannesburg Stock Exchange (NPN.SJ), a secondary listing on the A2X Exchange (NPN.AJ), and a tier 1 American Depository Receipts (ADR) program that trades on an access basis in the United States.
Industry: E-commerce, fintech, food delivery
Founded: 12 May 1915
Headquarters: Cape Town, South AfricaWebsite: https://www.naspers.com/
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Standard Bank Group Limited is a major South African banking and financial services provider with its corporate headquarters at Standard Bank Center on Simmonds Street in Johannesburg. It is also Africa's largest lender by assets.
The Standard Bank was established in 1862 and operates as a branch of the Standard Bank of England in South Africa under the name Standard Bank of South Africa. The bank began its official operations in 1863 in Port Elizabeth, South Africa. Immediately after opening, Standard Bank has continuously conducted mergers with a number of other banks including Colesberg Bank, Port Elizabeth Commercial Bank, UK Kaffrarian Bank, and Fauresmith Bank. February 2014 marked the banking group's entry into the French-speaking West Africa region when Standard Bank Group established a representative office in Abidjan, Ivory Coast. Since that time, Ivory Coast has become Standard Bank's 19th branch in Africa.
A joint stock corporation, Standard Bank Group Ltd. engages in the provision of banking and financial services. The business offers consultancy, transaction banking, savings, borrowing, lending, investments, insurance, risk management, and wealth management services. It operates through business units including Corporate and Investment Banking, Banking Activities, Personal and Business Banking, Central and Other, Liberty, and Other Banking Interests.
The Corporate and Investment Banking business segment provides corporate and investment banking services to governments, quasi-government organizations, significant corporations, financial institutions, and foreign partners. Besides, small and medium-sized organizations as well as private clients can obtain banking and other financial services from the Personal and Corporate Banking business unit.
With a 160-year track record of operational excellence and value, Standard Bank Group is always dedicated to utilizing its knowledge of African markets and people to promote sustainable economic growth throughout the continent while achieving its goal of completely transforming its operations by 2025 in order to better serve its customers' expanding needs.
Industry: Banking
Website: https://www.standardbank.com/sbg/standard-bank-group
Founded: 15 October 1862
Headquarters: Standard Bank Centre, Johannesburg, South Africa -
Gold Fields Limited, formerly The Gold Fields of South Africa, is known as one of the largest gold mining companies in the world with its headquarters in Johannesburg, South Africa. Besides gold mining, the company is also involved in gold production and the operation of mines in many countries around the world.
The company was founded in 1887 by Cecil Rhodes as Gold Fields of South Africa Limited. It was later renamed Gold Fields Limited following the merger of the gold assets of Gold Fields of South Africa Limited and Gencor Limited. As of 2019, Gold Field has become the world's eighth-largest gold producer.
The corporation owns and runs mines in Australia, Peru, Ghana, South Africa, and Ghana. The production growth efforts are also mainly focused on the areas in which the company currently operates and are primarily driven through the exploration of brownfields on existing land sites, as well as through mergers and acquisitions within those same regions.
In 2012, Gold Fields decided to shift its operating model from focusing on gold production to cash flow generation. Additionally, the company also decided to specialize in mechanized mining with a portfolio of open-pit and underground mines in Australia, Ghana, and Peru. As of 2014, Gold Fields achieved a notable change in its financial performance during a large-scale restructuring of the past two years. Gold Fields' new Australian portfolio has reached its goal of producing one million ounces of gold.
In 2002, the gold company Gold Fields was first listed on the New York Stock Exchange which reached closer to US investors. Therefore, the business has been listed on both stock exchanges including the Johannesburg Stock Exchange (JSE) and the New York Stock Exchange (NYSE). After years of active preparation, Gold Fields' South African operations have been awarded the ISO 14001 environmental management certification as the first gold mining company in the world to achieve this award.
Industry: Gold mining
Founded: 1887
Headquarters: Johannesburg, South AfricaWebsite: https://www.goldfields.com/
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MTN Group Limited, formerly M-Cell, is known as a South African multinational mobile telecommunications business with operations in many African and Asian countries. The company's headquarters is in Johannesburg, South Africa.
The company was founded in 1994 with the support of the South African government. In June 2008, MTN Group signed an agreement to acquire Verizon Business South Africa - a provider of data services to customers in South Africa and four other African countries.
Since its founding, MTN has strived for growth by investing in sophisticated communications infrastructure, as well as developing new technologies to provide services to communities across Africa and the Middle East. Strategically, the company is focused on building the largest and most valuable platform business with a specific focus on Africa. MTN's 2025 ambition is to enhance the brand, footprint, and infrastructure, and deliver leading digital solutions for the advancement of African nations. This is based on scale connectivity and infrastructure with mobile and fixed access networks in the consumer, enterprise, and wholesale segments.
In 2014, MTN was named in BrandZ's list of the 100 Most Valuable Global Brands and was recognized as the Most Admired and Most Valuable Brand in Africa. MTN has mobile coverage in more than 20 countries around the world with a third of the company's revenue coming from Nigeria, where it has about 35% market share. With 280 million users as of December 2020, MTN Group ranked as the eighth-biggest mobile network provider in the world and the largest in Africa.MTN Group is the main sponsor of the South African national rugby union team, as well as many British football clubs such as Manchester United and the Zambian Super League. In addition, the group's subsidiary in Nigeria also has a sponsorship agreement with the Nigeria Football Federation.
Industry: Telecommunications
Founded: 1994
Headquarters: Johannesburg, South AfricaWebsite: https://www.mtn.com/
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Vodacom Group Limited is a South African mobile communications firm that serves more than 55 million subscribers with voice, message, and internet services.
Vodacom has expanded its activities from its base in South Africa to include networks in Tanzania, the Democratic Republic of the Congo, Mozambique, and Lesotho. Additionally, it offers commercial services to clients in over 32 countries around Africa, including Nigeria, Angola, Kenya, Ghana, Côte d'Ivoire, and Cameroon.
In South Africa, Vodacom offers HSPA+ (21.1 Mbit/s), HSUPA (42 Mbit/s, 2100 MHz), Wi-Fi, WiMAX, and LTE services in addition to operating 3G, 4G, and UMTS networks. Additionally, the company was also the first mobile service provider in South Africa to roll out LTE. Vodacom introduced a fiber optic offering for home consumers on October 21, 2015. In a speed test on April 7, 2017, Vodacom's 4G+ network at Brooklyn Mall in Pretoria achieved 240 Mbit/s. Vodacom then became the second network provider in Africa to launch a live 5G network at the beginning of 2020 after the rollouts in Johannesburg, Pretoria, and Cape Town.
Besides telecommunications and data services, Vodacom is also known as a sponsor of many South African sports. In the provincial rugby union, they have been the main sponsor of Vodacom Blue Bulls in Pretoria and Super Rugby in South Africa since 1996. In terms of football, the business sponsors two Premier Soccer League clubs, Kaizer Chiefs and Orlando Pirates, as well as the South African Football Association and Bafana Bafana's men's national teams.
Industry: Telecommunications and Data Services
Founded: 1994
Headquarters: Midrand, South AfricaWebsite: https://www.vodacom.com/
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AngloGold Ashanti Limited is a South African global gold mining company, majority owned by the Anglo-American group of companies. Its headquarter is in Johannesburg, South Africa. The corporation is traded on the stock markets of New York, Johannesburg, Accra, London, and Australia as well as Paris and Brussels.
AngloGold Ashanti was formed on 26 April 2004 after the Supreme Court of Ghana approved the merger of AngloGold and Ashanti Goldfields Corporation three days ago. This happened almost a year after the merger was officially announced in May 2003.
AngloGold Ashanti owns a portfolio of different properties and ore formations in important gold-producing areas. The company's 19 operations are spread over nine nations, including South Africa, Argentina, Brazil, Colombia, Australia, Ghana, Guinea, and Mali, and are supported by extensive exploration activities. These operations are run in four distinct regions, namely South Africa, the African Continent, Australia, and the Americas.
AngloGold Ashanti is currently a major gold producer with sophisticated mining operations and the most advanced technology thanks to strict attention to safety requirements. In 2008, AngloGold produced 4.9 million ounces of gold from its manufacturing activities, accounting for almost 7% of the world's output. As of Q3 2014, AngloGold is the third-largest producer of gold in the world after Barrick Gold and Newmont Mining.
Industry: Mining
Founded: 2004
Headquarters: Johannesburg, South AfricaWebsite: https://www.anglogoldashanti.com/
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Capitec Bank is a South African retail bank. With 120,000 clients establishing new accounts each month, the bank was the second-largest retail bank in South Africa as of August 2017.
According to the Chief Financial Officer's Report 2015, Capitec Bank has 850 retail branches nationwide, owns 3418 ATMs, and serves more than 6.2 million customers. Of these customers, 309 000 are online banking customers and 3.5 million are mobile banking customers. Also in 2015, annual reports show Capitec Bank has assets of more than Rs 53.9 billion with equity of Rs 11.6 billion. Retail fixed savings increased 19% to Rs 10.7 billion on the year, while retail savings deposits increased 32% on the year to Rs 19.3 billion.
Regarding the business model, Capitec asserts that it concentrates on making the banking process simpler. Specifically, the bank operates as a retail bank serving both individuals and businesses rather than providing business banking to corporations, partnership firms, or close trusts. The core of Capitec's business strategy is to add value for its consumers by giving the greatest deposit interest rates and minimal fees that allow clients to pay as they go.
According to the South African Customer Satisfaction Index (SAcsi) 2015 statistics, Capitec Bank has the highest customer satisfaction rating (82.2 points). Additionally, in the inaugural Bank Quality Ranking, the global banking advisory firm Lafferty named Capitec Bank as the finest bank in the world. As of February 2017, more than 5.5 million Capitec customers are said to spend around R50 per month on the bank's expenses.
Industry: Banking financial services
Founded: 1 March 2001
Headquarters: 5 Neutron Street, Techno Park, Stellenbosch, Western Cape, South AfricaWebsite: https://www.capitecbank.co.za/
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Impala Platinum Holdings Limited, often known as Implats, is a holding company based in South Africa that owns a number of businesses that engage in the mining, refining, and marketing business of platinum group metals, including platinum, palladium, rhodium, osmium, ruthenium, and iridium, as well as nickel, copper, and cobalt. The group is considered one of the most efficient and cost-effective primary producers of platinum in the world.
Impala Platinum was established in 1966 as a division of Union Corporation, which built a platinum mine near Rustenburg with an initial annual production capacity of 100,000 oz. Since its founding, Impala Platinum has always benefited from financial assistance from the British bank Hambros and technological guidance from the Canadian corporation Inco. As a result, both of these businesses, along with South Africa's state-owned Industrial Development Corporation, each hold a 10% stake in the company.
In 1968, Impala Platinum agreed to sign an exploration agreement with the Bafokeng tribe, now the Royal Bafokeng State and received a lease of 12,000 hectares of land to begin platinum mining in July 1969.
Impala Platinum divides its operating structure into four main directions including managed mining operations to market, managed mining projects, unregulated mining-to-market operations, and Impala Refining Service (IRS).
The company's most important mine is the Impala mine in the North West province of South Africa. In addition, Impala Platinum owns or has a stake in the Bushveld Flint Complex's Two Rivers and Marula mines in South Africa, as well as the Mimosa and Zimplats mines in Zimbabwe. These activities provide the group with a wealth of mineral resources with reserves of approximately 237 million ounces of platinum.
Industry: Platinum
Founded: 1966
Headquarters: Johannesburg, South AfricaWebsite: https://www.implats.co.za/
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Sasol Limited is an integrated chemical and energy company with its headquarters in Sandton, South Africa. Sasol is considered the largest corporate taxpayer in South Africa and the seventh-largest coal mining company in the world. It is listed on both the New York Stock Exchange (NYSE: SSL) and the Johannesburg Stock Exchange (JSE: SOL).
The company was founded in 1950 in Sasolburg, South Africa based on processes that German chemists and engineers first developed in the early 1900s. Sasol is thriving now thanks to the commercialization of technologies like synthetic fuels and the creation of liquid fuels, chemicals, nuclear power, coal tar, and electricity.
With over 30,100 employees worldwide, Sasol operates in 31 countries throughout the world, mostly in South Africa but also in several other nations in Africa, America, Europe, the Middle East, Russia, Southeast Asia, East Asia, and Oceania.
The Sasol group is divided into four customer-focused strategic business units, three regional operations hubs, and two upstream business units.
The operating business units comprise the oil and gas exploration, production, and exploitation operations with an emphasis on raw material supply. Sasol Mining manages six coal mines that provide the Sasolburg Operations and Secunda (Sasol Synfuels) complexes in South Africa. The amount of coal supplied to Secunda is mainly used as gasification fuel, and some are used for electricity generation. Meanwhile, the coal that powers Sasolburg's operations is used to generate electricity and steam. Along with Sasol Mining, Sasol Exploration and Production International (SEPI) manages the group's upstream operations in oil and gas exploration and production in Australia, Canada, Gabon, South Africa, Canada, and Mozambique.
Regarding the regional operations hubs, these include operations in South Africa, North America, and Eurasia. The South Africa Operations business cluster is responsible for the whole portfolio of Sasol's South African activities, including all downstream operations and associated infrastructure. In addition, the International Operations Business Cluster takes over Sasol's international operations in Eurasia and North America, including the US megaproject in Lake Charles, Louisiana.
Industry: Oil and gas, Chemical, Nuclear, Coal tar
Founded: 1950
Headquarters: Sandton, South AfricaWebsite: https://www.sasol.com/
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The Nedbank Group is a financial services company in South Africa that offers wealth management, insurance, and wholesale and retail banking services. It is a wholly-owned subsidiary of the Nedbank Group with its headquarters in Johannesburg, South Africa.
Bank of the Netherlands and Credit Union for South Africa was established in 1888 in Amsterdam under the name Nederlandsche Bank en Credietvereeniging voor Zuid-Afrika. The bank established an agent in August of that year on Church Street, Pretoria, South Africa, with the aim of facilitating banking inside and outside South Africa. In 1903, the bank was renamed Bank Nederlandsche voor Zuid-Afrika (Dutch Bank for South Africa) and then adopted the name Nedbank in 1971.
The largest market for Nedbank is South Africa. Additionally, the company also operates in six other SADC nations through branches and subsidiaries in Eswatini, Lesotho, Malawi, Mozambique, Namibia, and Zimbabwe, as well as Angola and Kenya. Outside of Africa, Nedbank offers international financial services in the United Kingdom, the United Arab Emirates, Jersey, Guernsey, Isle of Man, and Jersey.
Nedbank operates through five business segments including Nedbank Corporate and Investment Banking, Nedbank Retail and Business Banking, Nedbank Wealth, Central, and Fellow Subsidiaries. Regarding Nedbank's Corporate and Investment Banking segment, it offers a wide range of transactional, corporate, investment banking, and marketplace solutions. Additionally, transaction accounts, house loans, auto and property loans, cards, personal loans, investments, and banking assurance products and services are provided by the Retail and Business Banking division of Nedbank. Moreover, while the Central segment covers numerous support services, the Nedbank Wealth section provides a wide variety of financial services through its three divisions of insurance, wealth management, and wealth management.
Industry: Banking
Founded: 1 March 1888
Headquarters: Sandton, South AfricaWebsite: https://personal.nedbank.co.za/