Here Is A List Of Top 20 Richest Companies In Africa

Developed countries are racing each other to vaccinate their populations and open their economies, delighting global equity investors. But the Covid-19 pandemic continues to affect African economies and lives, causing deeper and longer-lasting economic damage.

It has already plunged millions of Africans into poverty, knocking human development back by a decade. As usual, companies are ranked by their market capitalization, the value of all their shares listed for trading on a stock exchange

1. FirstRand-Worth 94.8 billion US$

FirstRand Limited, also referred to as FirstRand Group is the holding company of FirstRand Bank, and is a financial services provider in South Africa. It is one of the financial services providers licensed by the Reserve Bank of South Africa, the national banking regulator

2. Standard Bank of South Africa Limited – Worth 153.05 billion US$

The Standard Bank of South Africa Limited is a South African financial services group and is Africa’s biggest lender by assets. The company’s corporate headquarters, Standard Bank Centre, is situated in Simmonds Street, Johannesburg

3. Imperial Holdings – Worth 74.43902 trillion UK£

Imperial Holdings is a South African company with central offices in Bedfordview and Edenvale in the metropolitan municipality of Ekurhuleni. Imperial is represented by its logistics subsidiary Imperial Logistics International GmbH, Duisburg. Imperial Reederei GmbH, Duisburg, is an important subsidiary in the logistics division

4. Sonatrach- worth US$ 76.1 billion (2012)

Sonatrach is the national state-owned oil company of Algeria. Founded in 1963, it is known today to be the largest company in Africa with 154 subsidiaries and is often referred to as the first African oil “major”.

During the financial year that ended in 2010, the company employed roughly 120,000 employees with a revenue of US$ 76.1 billion (2012 estimate).

5. Sonangol- Worth 5 billion barrels

Sonangol was founded in 1976 to monitor the production of petroleum and natural gas in Angola. With headquarters in Luanda, Angola, Sonangol is proud to be the only company with representations in the whole country. It is owned by the government of Angola.

6. Steinhoff International – Worth US$1.2 billion (May 2017)

Bruno Steinhoff founded Steinhoff International in 1964. It is a company that manufactures, sources and retails furniture and household goods in Africa, Europe, and Australia.

Also, the group owns diversified industrial businesses in southern Africa through supply chain solutions, passenger services, timber products, and manufacturing operations across diverse industries.

7. MTN Group – Worth 41.61378 trillion US$

The MTN Group formerly known as M-cell was established in 1994. The company involves in the provision of a wide range of communication services. The Company’s services include the provision of an internet network (data and voice).

8. Sasol – Worth 25.27700 US$

Sasol Limited is an integrated energy and chemical company based in Sandton, South Africa. The company was formed in 1950 in Sasolburg, South Africa, and built on processes that were first developed by German chemists and engineers in the early 1900s.

9. Bidford (Ex BidCorp) – Worth £2.36bn (2014/15)

Bidford Company is a tier of the Bidvest company that is involved in the agricultural line of business and is located in the Southern part of Africa, South Africa. It has an annual turnover rate of US$7,561,953

10. Eskom – Worth 66 billion US$

Eskom is a South African electricity public utility, established in 1923 as the Electricity Supply Commission and also known by its Afrikaans name Elektrisiteitsvoorsieningskommissie, by the South African Government and people of the Republic of South Africa in terms of the Electricity Act.

11. Massmart Holdings – Worth R133,555 billion

This is a South African-based management group. It is the second-largest consumer goods distributor in Africa. It has over 517 buying group members with operations in 13 countries of Sub-Saharan Africa.

Massmart Holdings has been listed on the main board of Johannesburg Stock Exchange in the retail sector for consumer services.

12. ShopRite Holdings – Worth R163,380,000

The Shoprite Group of Companies is Africa’s largest food retailer. It operates more than 2,892 stores in 14 countries across Africa. The company’s headquarters are in Brackenfell in the Western Cape province of South Africa.

13. SPAR Group – Worth €37.1 billion (2019)

Spar Group Company is a public independent company that offers field marketing services and retail merchandising and is located in South Africa with an annual worldwide turnover of €34.5 billion (2017 estimate). It has a branch in Tanzania, located in the Eastern part of Africa, and its headquarters located in White Plains, New York

14. Datatec – Worth 12.53 billion US$

Datatec is a public media company that was founded in 1986 with its headquarters in Johannesburg, South Africa. It has over 8000 employees with Jens Montanana as the CEO and founder. The company has an annual revenue of over US$ 5 billion.

15. Engen Petroleum – Worth R70,82,348,000

Engen Petroleum is a South African oil company focusing on the downstream refined petroleum products market and related businesses.

The company’s core functions are the refining of crude oil, the marketing of primary refined petroleum products and the provision of convenience services via an extensive retail network.

16. Naspers – Worth 92.03 billion US$

Naspers Limited is a South African multinational consumer Internet company headquartered in Cape Town. Its principal operations include online classified advertising, fintech, payments, and food delivery. Naspers was founded in 1915 by Jannie Marais of Coetsenburg and attorney W.A. Hofmeyr.

17. Pick n Pay Stores Group – Worth R250,750,000 million

Pick n Pay is the second-largest supermarket chain store in South Africa and was established in 1967. It can also be found in other regions of southern Africa, including Botswana, Zambia, Zimbabwe, Lesotho, Namibia, Swaziland, and had plans to open in Malawi but has yet to do so.

18. Woolworths Holdings – Worth R79,300,10,000 million

Woolworths Holdings Limited is a South Africa-based corporation that specializes in multinational retailing. It was founded in 1931 by Max Sonnenberg and had its headquarters located at 93, Longmarket Street, Cape Town, South Africa.

19. Vodacom Group – Worth 42.66 billion US$

Vodacom Group is a public mobile communications company located in South Africa. It was founded in 1994 by Alan Knott-Craig (Senior). It has its headquarters in Johannesburg, Gauteng, South Africa.

20. Transnet – Worth R74,395,300,000

Transnet is a state-owned enterprise that was founded in 1990 as a limited company. It is a very big South African port, rail, and pipeline company with its headquarters in Johannesburg, at the Carlton Center. It has 49,078 employees and an annual turnover of R72,9 billion (2018 estimate).