It was globally the 3rd largest gold producer. As per the sales volumes, STEG is Tunisia’s largest firm. The 2nd largest retail store group in South Africa, Pick n pay runs stores in 1600 locations across 7 nations in South Africa. The company is one of the richest organizations in South Africa for now. These men are known throughout South Africa as the most indigenous and business-minded people who went against all odds to make sure that their wealth speaks for them anywhere they go. Located in the ‘City of Gold’ Johannesburg, Gold Fields Limited is a gold mining firm and one of the richest companies in Africa. The company is the main provider of fixed-line and mobile communication services in the country. Woolworths Holdings Limited is a retail chain in South Africa spread across different segments. 10 of the Richest People in South AfricaHello Displorers, welcome and thanks for watching. Sasol is listed on the stock exchanges of Johannesburg as well as New York. It is a major player in African healthcare. Over 45,000 people work for the Massdiscounters retail chain. This company offers its services to countries such as Nigeria, Ghana, Botswana, Uganda, Zambia, Kenya, and Mozambique. Around 39% of its own with the state. Aliko Dangote, Africa’s richest man, meanwhile, became $4.3 billion richer in 2019 as his fortune continued to grow on the back of investments in cement, flour and sugar. SNI went public in 1994. This, along with its employee strength of 20,479, makes it the leading firm in the region. Hurun Research Institute has published its annual billionaire ranking for 2020, which includes six names from South Africa. Lonmin is the mining arm of a British platinum manufacturing company. As of 2019, Eskom had more than 46,000 people working for it. The brand retails in clothes, accessories, and footwear for men, women, and kids. After that, it changed its name to Engen Petroleum. It also has operations in more than 33 countries. Wilson Bayly Holmes-Ovcon is a building and civil engineering firm. It is also in the process to acquire Lonmin. It also reported USD 2.73 billion worth of assets. In this segment, it grew to become a name with more than 200 branches to its credit Edcon Limited details in clothing, accessories, footwear and sporting equipment through its retail chain. This company has been around since 1881, with its headquarters in Cape Town. Apart from its global presence, its turnover also makes the Liberty group among the richest company in Africa. It also has interests in the field of property management. The design capacity allows MIDOR to produce over 100,000 barrels a day. The company owns and operates over 41 different brands. It has been around for 125 years, having formed in 1880. It was started in 1981 by government order. South Africa’s richest female black entrepreneur, Bridgette Radebe is a mining magnate. The organization’s corporate base camp, Standard Bank headquarters, is located in Simmonds Street, Johannesburg. South Africa is a country with a rich history and with multitudinous mineral materials. The company is headquartered in Sandton, South Africa. All these operations are focused across South Africa. They are the largest cargo hauler in Africa. In 2018, they had a turnover figure of USD 11.9 billion. This airline has 44 cargo and 125 passenger destinations. The Standard Bank Group is a South African budgetary company and is Africa’s greatest loan specialist by assets. Ethio Telecom’s offerings include fixed-line, broadband, and mobile services. Ethio Telecois Ethiopia’s major telecom company. 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. In the retail business, Edcon Limited is easily one of the richest companies in Africa. Outside Africa, Gold Fields owns 4 mines in Australia as well. This packaged goods manufacturer began in 1996, setting up the operations base in South Africa. This firm owns 100% of the Life Healthcare Group. The country’s government owns 100% of Ethiopian Airlines. 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. Sanlam is headquartered in Bellville, Western Cape, South Africa. Walmart has a majority stake in Massmart. Telkom is partly private. Vusi Thembekwayo, Age: 27. Its 100% ownership is with the government of Ethiopia. RELATED: TOP 20 RICHEST COMPANIES IN NIGERIA. From thereon, it has grown into an organization that recorded revenues of USD 19 billion in 201. This company was formed after Arcelor was merged with Mittal Steel, an Indian steel company. Country: South Africa. This company works in the distribution of prepaid electronic value tokens and transaction servicing. They have holdings in more than 300 different companies. The is the owner and managers of the major ports of South Africa. The company is made up of different businesses. Old Mutual Life Assurance Company is a major banking and insurance group in Africa. Residence: Cape Town. It has copper smelting operations that go as far as the 4th century. Tunisienne de l’electricite et du Gazor or STEG is Tunisia-based electricity, utility, and natural gas firm. King Goodwill Zwelithini of Zulu South Africa - $19 million The Foschini Group retail stores have a strong presence outside Africa as well, including in the United Kingdom and Australia. Eskom is Africa’s largest electricity producer. John Fairbairn first started this company as a mutual insurance firm. Read the below piece to know more about the companies. Datatec provides IT solutions and managed services. MRP’s stores are present throughout Africa. Who is the richest musician in South Africa 2020? It is aimed towards improving the living standards in the country. Apart from this, the Foschini Group also bought Phase Eight, a major chain in the United Kingdom. It has a net income of around R1.3 billion as of 2016. Since then, Naftal has grown to become a public company with an income of 15.65 billion Algerian dollars. Sasol recruits 30,100 individuals globally and offers services to 33 countries. The Anglo America Corporation mutually holds Kumba Iron Ore with 3 more partners. The company was originally founded in Germany. It was also the major sponsor of a cycling team named after it. It is also the largest shareholder of Tencent. It is also among the largest banking groups of sub-Saharan Africa. It is under the Brimstone Investment group. When OC first started, it was the owner of several cement plants in Africa and abroad. Its customer base is above 25.7 million people. They were formed in 1979. The Harmony Gold Mining company is the 3rd largest gold mining firm in entire South Africa. The group also had its headquarters with Massmart in Sandton, South Africa. It is one of the top 40 companies that form the JSE or the Johannesburg Stock Exchange. The Arab Contractors or the Al Mokawloon Al Arab is a massive construction and contracting firm. More than 31,000 employees work for the Tongaat Hulett Group. When talking about the richest company in Africa, you cannot leave out an oil major. This group employs more than 146,000 people. It also has interests in mining, food & beverage and petroleum sectors. The firm has more than 22 operating sites across South Africa. It is a public telecom company that started in 1994. They are ranked at number 8 globally in terms of mobile networks. Bidford, earlier known as BidCorp, is a part of the Bidvest company. In 2016, MTN reported a subscriber base of 232 million. These locations together account for a client base of over 10 million people. The bank has a presence in not just Africa but in Asia and Europe too. This company started in 1990 and grew to a 45,000-employee organization. The company deals in bank service operations and is headquartered in Johannesburg, South Africa. More than 10,000 people work for Masscash. Naspers is one of the premier internet groups in South Africa. Remegro Limited also holds an indirect control over Distell through Capevin Holdings. And a large part of that credit would go to companies like the ones above. The annual sales of Kansanshi Mining are close to USD 1.5 billion as of 2018. Discovery Health’s services are not just in Africa. This is a mining and engineering contractor. Irene Charnley Net Worth: $151 Million; Industry: Telecoms. This Tencent is also the major driver of Naspers stock price that has been soaring. Its stocks are traded in several stock exchanges in the world. La Société tunisienne des industries de raffinage, 77. Some of these services that it is in include financial planning, wills, trusts, wealth and investment management, and insurance. He is known to be the current richest South African and second richest man in Africa after Aliko Dangote. Apart from furniture they also deal in home entertainment products and appliances. The group also owns a 45% stake in Cell C, which is among the top 4 telecom firms in South Africa. Top 10 Richest Countries In Minerals In Africa, Top 9 Wealthiest Provinces In South Africa, Meegi Shuavy: Meet Victor Onodu, A Reputable Fashion Model and Artist, Top Highest-Paid Actors In South Africa 2020. Apart from this, they are also Africa’s largest telecom company. Mr. Price Group, popularly known as MRP, is a premier retail firm from South Africa. This company has a total revenue amount of $8.9 billion. This is a public firm traded on the Johannesburg Stock Exchange. Cevital was started 22 years ago in 1998. They started in 1950 and today has more than 30,000 people working for it. She is the sister to South Africa’s richest black entrepreneur Patrice Motsepe and to the first lady of South Africa Tshepo Motsepe Ramaphosa. This company works majorly in the public sector. It is a South-Africa based conglomerate, with the majority of the operations in Johannesburg. The biggest of them is what the name of the richest company in Africa is? Top 20 Richest People In South Africa 20. Some of them include automobiles, office & print services, real estate, and even insurance. Here is a carefully curated list. It has since grown from its inception in 1996 to become a firm with revenue estimates of R29.24 billion. It is publicly traded, listed on the Egyptian Stock Exchange. Today, this has become one of most paying careers in history of music, especially in South Africa, where most popular music DJs in demand are getting home hefty pecks from this career. It has a customer base spread across Europe and Africa. In 16 years, it has reached a revenue of over USD 5 billion. Charlize Theron. It has a network of centers across 15 countries and thousands of stores. Apart from South Africa, other countries where Sanlam operates are Namibia, Nigeria, Botswana, Malawi, Ghana, Uganda, Rwanda, India, Malaysia, and the United Kingdom. Until its acquisition in 2016, this was one of the top 5 brewing companies in the world. This group was formed due to the merger of the Tongaat Sugar Company with Hulett’s Sugar. Omnia Holdings, found in 1967, provides chemical products to various industries. ArcelorMittal S.A is among the leading steel manufacturing firms in the world. This is controlled by Transnet and is state-owned. Globally this is also the largest open-pit mines. The country has been investing a lot in the hydrocarbons, research and alternative energy sources, labor market, tourism and transport. In 2018, its turnover was reported at around 36 billion Moroccan Dinars. 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. The product base includes personal and family insurance, vehicle cover as well as credit. Soc. 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). The GDP of the cou… What started as an insurance company in 1918 has grown to be a full financial service provider. Last year (2019), they reported a revenue of approximately USD 3.6 billion. What makes it one of the richest companies in Africa is that it works in all sectors of the petroleum industry. The company trades on Eoruxnet Paris as well as the Casablanca Stock Exchange. From thereon, it has grown into a conglomerate with a variety of interests. A 2014 estimate put the number of retail stores under the JD group at 1,223. This is the entity responsible for distributing natural gas and electricity in Algeria. It is the largest distributor and wholesaler of these items across Africa. It moved its headquarters to South Africa around 1998. Like Bishop David Oyedepo, Prophet Shepherd Bushiri is also estimated to have a net worth of $150 million. Its HQ is in Parktown in Johannesburg at the Inyanda House. In addition to that, it also has dealerships in the United Kingdom. It employs an opencast digging technique in this mine. 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. Besides, Bidvest Group has shares in over 300 companies. It is only the secondary listing, Oando’s primary listing is on the Nigerian Stock Exchange. In the agriculture field, it provides fertilizers and helps in the development of farmers. Patrice Motsepe was estimated to be worth $2.6 billion as of February 2020, and was ranked as the youngest billionaire in South Africa and the tenth richest in Africa on the Forbes Rich List for 2020. While Forbes has ranked only five South Africans dollar billionaires in its 2020 Rich List, when counting in local currency, that list becomes significantly longer, below are the 10 Richest People In South Africa 1. OCP Group), 61. We’ll also see what these companies do, how much they earn, and what is their employee strength. As of 2010, MTN Group has a total number of 17,510 workers under it. They operate many power stations along with Africa’s first nuclear power plant. The Standard Banking Group is one of the leading providers of financial services on the continent. Sonatrach is the richest company in Africa in the oil industry. It seems that this family has done well for themselves. With these subsidiaries, its presence is across 10 African countries. RCL Foods’ head office is in Durban, South Africa. Their operations are both in and outside South Africa. In addition to all this, Datatec has also expanded into the cloud and mobile technology fields. This is the largest airline in Africa, and not just by terms of passenger size alone. It is the chief petroleum company in the country. In 2017, the annual turnover of this group stood at R31.9 billion. It has 1,450 service stations and a refinery in Durban that produces 120,000 barrels per day. Africa has over 140,000 millionaires and a steady growth rate. In 2018, Telkom had USD 3.08 billion in revenues. This company is an employer for over 14,000 people. It ranks as the 4th largest producer of iron ore globally. The company has a total revenue amount of $10 billion. At first, it was a 50-50 partnership between Vodafone and Telkom. It last reported a turnover of over USD 1.3 million. The firm is counted as among the most ‘Empowered Companies’ present on the Johannesburg Stock Exchange. Dangote Cement’s revenue is over NGN 386 billion. If anybody tells you that forex trading is not real, then show them this article as proof that it is. 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. As one may guess from the name, Anglo Gold Ashanti is a world-renowned gold mining company. Absa is the richest company in South Africa with a total revenue of $9.7 billion. Its major investment has a focus on IT and telecom. It is also Africa’s largest lender in terms of assets. Standard Bank has total assets of over USD 142 billion as per last estimates. This acquisition was valued at around ZAR151 million. Also, Netcare is the largest provider in the United Kingdom too. They are working towards mines with zero emissions and wastes. 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. Besides, it is the largest corporate taxpayer in South Africa. It started in 1963, and it has over 154 subsidiaries across Africa. Its services are focused in the West African region. Your email address will not be published. It has since grown into a retail giant having 728 stores in just South Africa. It was started in 1956 and replaced the Suez Canal Company. Earlier the government of Morocco had a 35% stake in GroupeMaroc Telecom. Since then, Pick n Pay has grown into a retail chain that has revenues of R 83.5 billion. Datatec is an ICT or Information and Communications Technology service and solutions group. Apart from that, it also runs 49 more stores outside South Africa. The country’s government owns most of the stake in this company. Who is the wealthiest traditional ruler in the continent in 2020? Next in the race to become the richest company in Africa is Murray and Roberts Holdings Ltd. Prophet Shepherd Bushiri is from Malawi in Southern Africa. The richest companies in Africa in the banking sector began 182 years ago in 1838. Apart from petroleum, Naftal also deals in Butane, Diesel and Sirghaz oils. As of 2015, MTN South Africa had revenue above USD 3 billion. Orascom Construction PLC is an EPC or Engineering Procurement & Construction contracting firm. Outside Africa, it also has branches in India, Guernsey as well as London. Apart from that, it has a 46,000-employee count and a line of stores in several segments. They have 4 steel plants in Suez, Sadat City as well as Alexandria. Some of the brand names under this group include Sasko, Veet Bix and Ceres. Tiger Brands came into being in 1896 by Jacob Frankel and Joffee Marks. They employ over 120,000 people and make 30% of Algeria’s total GNP or Gross National Product. The total capacity of these tanks stands around 1 million cubic meters. These mines would also have a wash-to-zero ad that would practice sustainable engineering. In the mining industry, this company is a supplier of explosives and other similar accessories. Also, it ranks number 7 in the world in terms of its capacity for electricity generation. The rest is with First Quantum Minerals Limited. The Bidvest Group, based in South Africa, is a trading and services company. Its destination network is across 94 countries and employs over 5,400 people. Also, it was the first multinational company in Egypt and is the core of the Orascom Group. Imperial Holdings is one of the most renowned logistics company all through the supply chain. However, over 80% of the firm’s business is cement production. The chief interests of Remgro are financial services, banking, medical services, and packaging. At that time, it was known as ANSDK or the Alexandria National Iron & Steel Company. The group was fully nationalized 14 years later in 1975. This is the national airline of Ethiopia. This is due to its network of 510 pharmacies across Africa. Kansanhi Mining not only owns the oldest mines in Africa, but this could easily make it the richest company in Africa in mining. 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. Vivendi later purchased this share in 2001. Its customer base includes franchisees, dealers, government schemes and even hawkers. Its 2018 revenue estimate was at R25.55 billion. It has since then grown to expand from South Africa to even Nigeria as well as the United Kingdom. It also sponsors several arts and sports across Africa. It has since then grown into a company with an income of over USD 382 million. This company initially started as just a family business and grew to be the largest food company in the continent. Sonatrach produces around 307 million ToE (Tonne of Oil equivalent) in a year. They are involved in everything, right from the auto industry to commercial products to freight and much more. The Bidvest Group of South Africa is a distribution, foodservice and trading major. Massdiscounters is a retail brand under the Massmart Holdings Group. MTN group recorded its 232.6 million subscriber achievement in 2016. In October 2016, it was acquired by AB InBev. As of 2018, the company recorded a turnover of R74.58 billion with an employee strength of almost 25,000. In 2018, ONEE reported an installed capacity that was above 8,700 MW. It further increased the ownership to 88.1% by purchasing another 23.9% at R3939 million in 2013. It now provides services in areas like car rentals, motor vehicle dealerships, logistics, and industrial equipment. South Africa is located in the southern part of Africa and it is one of the pioneering African countries based on the economy. This was earlier a part of Kumba Resources. He was brought up in the South African region of Soweto. It recorded total revenue of R28.5 billion in 2018. Old Mutual Group recruits about 31,000 employees. This company was started in 1950 in Egypt, and now has a presence in 25 countries. The roots of Remgro Limited can be traced to the Voorbrand Tobacco Company that was formed in 1940. It is also the biggest producer of dissolving pulp, globally. The Discovery Health Group has interests in savings, asset management, and insurance through its different companies. Here are the biggest and largest businesses in South Africa. Osman Ahmed Osman established this firm in 1955. The main competitors of this firm include TelkomSa, Internet Solutions, as well as Business Connection. Bidvest Group is a trading and distribution company founded by Brian Joffe in 1988. There was no significant difference in the positions but there was a magnificent drop in their net worth. It competes globally with companies like Chevron and ExxonMobil. It also has operations outside Africa in several Asian and European nations. Further, it was also given a monopoly on natural gas in the country. This conglomerate is the parent of more than 300 companies spread across multiple business lines. With this Sibanye Stilwater is expected to boost its platinum and palladium production. It is listed on the Johannesburg Stock Exchange. It last reported a turnover of over R18.32 billion. SABMiller South Africa is a beverage and brewing company with its headquarters now in England. The firm had a turnover of close to NGN 619 billion in 2018. With a revenue of USD 4 billion in 2016, its presence as one of the richest companies in Africa is no surprise. In the same year, its revenues stood at R 21.40 billion, with assets worth R 14.20 billion. Massdiscounters has 2 retail brands under it. Started by Bruno Steinhoff over 56 years ago, Steinhoff International is a manufacturer, source, and retailer of household goods and furniture. 1. It has also recently acquired Russia’s largest investment bank Troika. Santam is a financial service provider based in CapeTown. MeTL group employs almost 100,000 people. The main task of this organization is importing and refining crude oil. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. They are also the holding company for many pharma companies. As of 2019, the Shoprite Group has more than 147,000 individuals in more than 2,934 stores across 15 African nations. Its advertising campaigns and coverage that extends to Mount Kilimanjaro have added to its popularity. This firm began in 1947, and it has a presence beyond Africa as well. Its sugar refineries have a total capacity of 2,000,000 tons annually. The organization’s headquarter office area in the Western Cape region of South Africa. The most significant of these investments is its USD 1 billion investment to Swiggy, a food-tech giant based in India. As of 2018, Implats had revenue of R35.9 billion. Apart from these interests, it is also developing an underwater offshore pipeline with the CNOOC Group. Momentum Metropolitan Holdings or MMI Holdings Ltd is a financial service provider. MIDOR or the Middle East Oil Refinery provides a range of petroleum products and related services. This group is a provider of cable services in the Netherlands along with other content businesses. Its HQ is in Brackenfell in South Africa. In Zambia, Kansanhi Mining ranks as the largest producer of copper. The group is also a major provider of insurance services, contract centers, and new & used auto parts. List fo the richest companies in South Africa presently. The Arab Contractors works in bridge construction and road building, among other things. Anglo American PLC was founded by Ernest Oppenheimer in 1917 and is headquartered in Johannesburg. Masscash is a wholesaler of liquor, personal care items, and food in South Africa. Their turnover in 2018 was an estimated R32.06 billion. It also had a turnover of more than R110 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 construction major had a USD 1.5 billion revenue estimate in 2018. They were first listed on the Johannesburg Stock Exchange in May 2016. This firm is known for brewing spirits, ciders and wines among other beverages. What makes this company unique is that it serves the local areas with a low-price promise. The business tycoon’s assets are currently valued at … It runs over 18 different subsidiaries across Africa. FMN or the Flour Mills of Nigeria is an agribusiness firm from Nigeria. Two Nigerians maintained the first and second positions, with only one woman making the top 10 list while businessmen make up the whole list of 10 richest people in Africa. Sasol is recorded on the Johannesburg Stock Exchange and the New York Stock Exchange. The prime focus of this firm is mining, construction, oil & gas as well as energy. Apart from this, Steinhoff International is also the owner of several industries across Africa. Apart from this, it also provides television, internet, and corporate telecom solutions. Omnia Holdings currently employs over 4,817 people. The list of the richest men in Africa was released by Forbes magazine in January 2020. The annual sales of Nampak in 2018 were close to R17.3 billion. Also, it has an employee strength of 30,000 people. MTN Group is a major telecom company in South Africa. In 2016, its annual turnover stood at USD 2.4 billion. Its mining operations are around South Africa only. 10. Apart from copper, it is also a producer of Gold. He was ranked the richest person business in South Africa in 2020, even though he was $0.3 billion poorer in 2019. Imperial Holdings started in 1946 with a focus on transport and distribution. Remgro Limited is a South African investment holding firm. Blue Label Telecom also acquired Airvantage in 2018. It is a public utility provider and one of the richest companies in Africa. Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. This is the main telecom firm in morocco. Irene Charnley a beautiful South African and a former trade unionist born on … Brands under SABMiller were the likes of Millers and Fosters. Almost 18,000 people work for MMI Holdings. Earlier known as M-Cell, MTN is a multinational telecom company. While it has HQ in New York, they have a branch located in East Africa in Tanzania. Its presence is in over 14 nations across the continent. Over 8,500 people work for this firm in the world. Click to share on Twitter (Opens in new window), Click to share on Facebook (Opens in new window). It runs with an employee strength of 17,500. Omnia Holdings also produces and distributes polymers and chemicals. Makro deals with both B2C and B2B models. It has operations across South Africa, UAE as well as Switzerland. 300 companies steel is around 113 million tons in a year of 2010, is... Ram Express and RAM cargo as its founder to 137,000 workers million ToE Tonne... A continuous focus on it and telecom accessories away of his father, Hassan... 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