South Africa is the southernmost country in Africa.It is the 25th-largest country in the world by land area, and with close to 56 million people, is the world's 24th-most populous nation.. The main products of Safaricom are spread across mobile communication, e-commerce and fibre optic services. They also reported revenue of over USD 5 billion in 2015. Compagnie Financiere Richemont headed by him develops luxury brands of jewelry, watches, and clothes, increasing sales every year. In the same year, its revenues stood at R 21.40 billion, with assets worth R 14.20 billion. Until its acquisition in 2016, this was one of the top 5 brewing companies in the world. Irene Charnley Net Worth: $151 Million; Industry: Telecoms. In 2017, a turnover of R35.03 billion was reported by Wilson Bayly Holmes-Ovcon. 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. MTN has its headquarters in Johannesburg. Its operations continue but with the new brand-name. Nicky Oppenheimer. A 2016 count puts its employee strength at 5,749. In 2016, its annual turnover stood at USD 2.4 billion. Gold Fields had a revenue of USD 2.5 billion in 2018. It is based out of South Africa and provides GSM-related internet to its customers. Aspen is one of the major producers of ARV, a drug for managing HIV. It also has a presence in 38 other African nations. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. Pioneer saw a sales number of R20.15 billion in 2018. This is the entity responsible for distributing natural gas and electricity in Algeria. Sasol is listed on the stock exchanges of Johannesburg as well as New York. This group is a provider of cable services in the Netherlands along with other content businesses. Apart from its global presence, its turnover also makes the Liberty group among the richest company in Africa. AECI recently expanded to get into business lines such as F&B, water processing, and chemical raw material. Tunisienne de l’electricite et du Gazor or STEG is Tunisia-based electricity, utility, and natural gas firm. Known in real life as Nkosinathi Innocent Maphumulo, Black Coffee is … It has many businesses, including financial services, transport, distribution, logistics, and real estate. It was also the major sponsor of a cycling team named after it. Over 45,000 people work for the Massdiscounters retail chain. SAPPI is a South Africa based pulp and paper company. The Shoprite Group of Companies is Africa’s biggest food retailer. Top 10 richest African kings. Their high-quality uranium and gold operations are across the Witwatersrand basin. 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. 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 rest is with First Quantum Minerals Limited. The prime focus of this firm is mining, construction, oil & gas as well as energy. This company has interests in agriculture around South Africa. This is also the 8th biggest mobile network provider, globally. The company has a total revenue amount of $10 billion. 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. The company’s product line includes cables, wires, energy measurement products, and telecom accessories. MIDOR has a USD14 billion investment into it. Masswarehouse’s latest revenue estimates put the figure at over USD 1.9 billion. Last is Transnet Engineering that deals in the service and maintenance of the rail equipment and engines. Its annual turnover is in the range of R17.6 billion. 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. It competes globally with companies like Chevron and ExxonMobil. Its annual turnover was well over R47.39 billion in 2018. The Bidvest Group of South Africa is a distribution, foodservice and trading major. It is worth noting here that the Transnet Freight Rail is Transnet’s largest division, and also the biggest outside the United States. Over 67% of Nampak’s revenue comes from South Africa. This company was formed after Arcelor was merged with Mittal Steel, an Indian steel company. Their rail network has links to almost all nations that neighbour South Africa. In terms of earnings, SABMiller was the 2nd largest brewer in the world. Bidford is present on four continents and was first started in 1999. Apart from these, it also provides financial services, media, and technology consulting as well as telecommunication services. Anglo American PLC was founded by Ernest Oppenheimer in 1917 and is headquartered in Johannesburg. The is the owner and managers of the major ports of South Africa. It also offers online services to its global customers. Dangote Cement ranks as one of the largest cement producers. The Fruitspot recently merged with Freshdeal. What makes this company unique is that it serves the local areas with a low-price promise. In addition to this, it also had assets of USD 13.7 billion. It has since grown interests from Platinum to cobalt, copper as well as nickel. Its HQ is in Brackenfell in South Africa. Hurun Research Institute has published its annual billionaire ranking for 2020, which includes six names from South Africa. Apart from this, Sonangol also has its interests in technology and real estate. Sonelgaz was started in 1969. The company owns and operates over 41 different brands. The African economy is a mix of trade, agriculture, and human resources of the continent. Around 39% of its own with the state. Also, it is worth noting that they reported a turnover of over R62 billion in 2017. They are among the largest engineering companies in South Africa. It was the result of a venture between Danish, Christian & Nielsen along with the National Steel Company Algeria. They were first listed on the Johannesburg Stock Exchange in May 2016. The firm is listed on the Egyptian Stock Market. Their operations are both in and outside South Africa. It is owned by the Allied Technologies Limited and Bytes Technology Limited. It develops many commercial technologies. Nicky Oppenheimer; Net Worth: $7.5 Billion. Office Cherifien des Phosphates (The He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro. MTN Group is also one of the sponsors of Manchester City F.C, which is an English soccer club. Their head office is known as the Safaricom House, which is present in Nairobi in Kenya. The brand retails in clothes, accessories, and footwear for men, women, and kids. It runs a total of 3,328 stores in 34 countries. The annual sales of Nampak in 2018 were close to R17.3 billion. Currently, the group has 442 stores across Sub-Saharan Countries and South Africa. The largest supermarket retailer in Africa is ShopRite Holdings. Nedbank is a bank service company that was founded on March 1st, 1888. Besides, Bidvest Group has shares in over 300 companies. Outside Africa, it also has branches in India, Guernsey as well as London. 10 Richest Banks in Africa with the Largest Assets in 2020. This airline has 44 cargo and 125 passenger destinations. It is traded as SAP & SPPJY. 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… Apart from that, it has a 46,000-employee count and a line of stores in several segments. This group provides these services to commercial, retail, public as well as the corporate sector. Mr. Price Group, popularly known as MRP, is a premier retail firm from South Africa. The product base includes personal and family insurance, vehicle cover as well as credit. Your email address will not be published. Vodacom is the major telecom provider in South Africa. This is what makes it the richest company in Africa in this sector. As of 2018, the company recorded a turnover of R74.58 billion with an employee strength of almost 25,000. The group also owns a 45% stake in Cell C, which is among the top 4 telecom firms in South Africa. The company has total revenue of $9.4 billion. OCP Group), 61. In 2018, Telkom had USD 3.08 billion in revenues. This division is behind the operations of Makro and the Fruitspot. The organization’s headquarter office area in the Western Cape region of South Africa. MTN Group has its headquarters in Johannesburg. The company is one of the richest organizations in South Africa for now. Almost 18,000 people work for MMI Holdings. It is also among the largest gold producers in the world. Apart from copper, it is also a producer of Gold. Lonmin is the mining arm of a British platinum manufacturing company. In the same year, it also reported an employee count of 10,730. 77.7% of RCL foods are under Remgro, which is one of the firms that we already talked about. This company is an integrated chemical and energy company. 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. DiounWired is a store selling technological solutions, primarily hi-tech and multimedia. Right now, its revenues stand at R18 billion. They manufacture, prepare, import and distribute cement. The group has its head office in Durban in South Africa. This company works in the distribution of prepaid electronic value tokens and transaction servicing. Netcare or Network Healthcare Holdings is one of the major health care firms in South Africa. As of 2019, Eskom had more than 46,000 people working for it. Further, the Tunisian government is the only shareholder of the firm. Richest Women in South Africa 1. It is the chief petroleum company in the country. This company offers its services to countries such as Nigeria, Ghana, Botswana, Uganda, Zambia, Kenya, and Mozambique. The firm started as a family clothing store. The business tycoon’s assets are currently valued at … Sasol Ltd has its HQ in Sandton in South Africa. They have operations spread across 50 nations on 6 continents. Since then, FMN has grown to become an employer of more than 12,000 people. As of 2015, MTN South Africa had revenue above USD 3 billion. It last reported a turnover of over R18.32 billion. It is the world’s 8th largest gold producer. In this area, it has also made efforts to make the treatment of HIV/AIDS more affordable. It is a fully government-owned enterprise that serves customers globally. This group was known as Afrox Healthcare Limited before it went through the name change. Last year (2019), they reported a revenue of approximately USD 3.6 billion. The firm touched annual sales of USD 1.4 billion. Angola currently has more than 5 billion barrels in coastal and offshore petrol reserves. Its mining operations are around South Africa only. As one of the fastest-growing economies in the world, this number may just be exceeded! When it was established in 1928, the firm was known as Iscor Ltd. If anybody tells you that forex trading is not real, then show them this article as proof that it is. Naspers also has investments across other regions. They had a revenue estimate of R 12.9 billion recently. Sasol has a total revenue amount of $14.8 billion. The firm now has its presence across 18 countries globally. Some of the main products of Exxaro include Coal, titanium, zircon and iron ore, among others. Sanlam is headquartered in Bellville, Western Cape, South Africa. However, over 80% of the firm’s business is cement production. In 1998, it was further modified to become a Sonatrach subsidiary. Massdiscounters is a retail brand under the Massmart Holdings Group. They were formed in 1979. By the end of the 2016 financial year, the Suez Canal Authority had a USD 5 billion turnover. It had a turnover of RMB134.8 billion in 2018. Some of these include Managem (mining), AttijariWafa (bank) and Marjane the supermarket chain. As of 2018, the total number of Sanlam’s workers was 103,000. RCL Foods’ head office is in Durban, South Africa. However, 1/3rd of its earnings are from Nigeria. Naspers is one of the premier internet groups in South Africa. Also, it was the first multinational company in Egypt and is the core of the Orascom Group. It has been around since 1923, which is over 97 years. All these impressive numbers do bring a lot of questions to mind. The firm posted an annual turnover of USD 1.3 billion last year. In that year, Momentum Group and Metropolitan Holdings had a merger. It has since then grown to expand from South Africa to even Nigeria as well as the United Kingdom. It is the first company in Africa that had its listing across the border on the Johannesburg Stock Exchange. This construction group was found in 2001. To go by numbers, over 670,000 tons of soya and sunflower oil a year is produced by Cevital’s plants. South Africa is located in the southern part of Africa and it is one of the pioneering African countries based on the economy. It has copper smelting operations that go as far as the 4th century. In their own words, Telkom is Africa’s biggest integrated communication provider. It is a major player in African healthcare. Besides, in this article, the richest companies in South Africa will be addressed. The firm started in 1918 and has since grown to become a leading provider of short-term insurance. It is also the owner of the biggest pharmacy chains. This firm is known for brewing spirits, ciders and wines among other beverages. The Life Healthcare Group was found in the year 1983. This group employs more than 146,000 people. Their retail chains in liquor, home goods, and food are the 2nd biggest in Africa. It is publicly traded, listed on the Egyptian Stock Exchange. The OCP Group is in the field of mining & processing, engineering & consulting and ecosystem development. The largest airline in South Africa, South African Airways has its headquarters in Airways Park at OR Tambo International Airport. 10 of the Richest People in South AfricaHello Displorers, welcome and thanks for watching. MRP’s stores are present throughout Africa. Remegro is the majority owner of the Distell group as well. Who is the richest musician in South Africa 2020? Besides, it is the largest mobile network operating company in Africa and the eighth in the world. From thereon, it grew to reach its current annual revenue of USD 6.3 billion in 2015. Tiger Brands came into being in 1896 by Jacob Frankel and Joffee Marks. The company has a total revenue amount of $27.6 billion. South Africa is a country with a rich history and with multitudinous mineral materials. The Bidvest Group, based in South Africa, is a trading and services company. This figure stands at over USD 7 billion. The company has interests in services, agri-food, and retail. TOP 10 RICHEST BLACK MEN IN SOUTH AFRICA 2020 1. The Bidvest Group is the employer of 130,877 employees. This firm is also the major supplier of steel to Europe, Canada, China, and the USA. 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. She had been in the mining business ever since the ’80s. Safaricom has also been expanding in the sphere of cloud computing. They provide electricity and water for running MIDOR refineries. It has a customer base spread across Europe and Africa. The Discovery Health Group has interests in savings, asset management, and insurance through its different companies. It runs with an employee strength of 17,500. Sonatrach is the richest company in Africa in the oil industry. Africa’s richest man. The main competitors of this firm include TelkomSa, Internet Solutions, as well as Business Connection. This is located 60 kilometres from Tunis. Apart from South Africa, other countries where Sanlam operates are Namibia, Nigeria, Botswana, Malawi, Ghana, Uganda, Rwanda, India, Malaysia, and the United Kingdom. The Distell Group is among South Africa’s most famous drink and food companies. All these things come together to create a very interesting mix of businesses spread across its 54 countries. It has a network of centers across 15 countries and thousands of stores. The Dangote Group is West Africa’s largest multi-industry company. Although, during the apartheid period in South Africa, the economy encountered a little slow down which affected the South Africans then and also have few impacts on it till now. FMN or the Flour Mills of Nigeria is an agribusiness firm from Nigeria. They provide both wireless and wired communication across the continent. It employs an opencast digging technique in this mine. In addition to this South African mine, they also have 2 other mines in Ghana and 1 in Peru. At that time, it was known as ANSDK or the Alexandria National Iron & Steel Company. However, since 2008, Vodafone has become the majority owner of Vodacom. The mine is at the Old Congo Road, which is 10 kilometres from Solwezi Town. This is controlled by Transnet and is state-owned. Ethio Telecom’s offerings include fixed-line, broadband, and mobile services. El Sewedy Electronics was a family business that began in 1938 by the El Sewedy family. It also has customers in over 20 nations. Almost 18,000 people work for the firm, with Michael Stanley Wylie serving as the chairman. They are currently planning to expand into Ghana and Nigeria. It also has a presence in Papua New Guinea. It has a market base in Africa as well as Australia. This is the richest company in Africa in this segment. Super Group provides end-to-end supply chain services, management of fleet and dealerships to a range of customers. It has since grown into a retail giant having 728 stores in just South Africa. Apart from this, they are also a 51% owner of Air Algerie, a passenger and commercial airline company. As of 2019, the Shoprite Group has more than 147,000 individuals in more than 2,934 stores across 15 African nations. This is the national airline of Ethiopia. It also has interests in mining, food & beverage and petroleum sectors. The company was founded in 1994 and it deals with internet services. The group is the largest one in Africa. Its customer base is above 25.7 million people. While it has HQ in New York, they have a branch located in East Africa in Tanzania. Who is the wealthiest traditional ruler in the continent in 2020? The firm has more than 22 operating sites across South Africa. As of 2020, King Mohammed VI has an estimated net worth of $2 billion, making him the richest king in Africa. MTN Group is a major telecom company in South Africa. The biggest of them is what the name of the richest company in Africa is? It has its headquarters in Johannesburg, South Africa. The country’s government owns 100% of Ethiopian Airlines. Wilson Bayly Holmes-Ovcon is a building and civil engineering firm. It is a public company with listing on the Johannesburg Stock Exchange. The total capacity of these tanks stands around 1 million cubic meters. The top 10 security companies in South Africa are expected to thrive because of the expanding IT industry where data analytics and internet play a pivotal role in the smooth functioning of the organizations. It further increased the ownership to 88.1% by purchasing another 23.9% at R3939 million in 2013. In October 2016, it was acquired by AB InBev. Their employee strength is above 77,000 people. It employs over 44,000 people in this retail chain. Net Worth: R3.6 Billion; Wendy Appelbaum is the richest woman in South Africa and was awarded one of the leading women entrepreneurs of the world. 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. It has been around for 125 years, having formed in 1880. Read the below piece to know more about the companies. This stake had a price of R1.037 billion. The company is made up of different businesses. George S Coumantraos started FMN in 1960. ArcelorMittal S.A is among the leading steel manufacturing firms in the world. The list of the richest men in Africa was released by Forbes magazine in January 2020. The South African government’s DPE or Department of Public Enterprises owns the majority of this company. It also has emergency hospitals at both ends of the Suez Canal. From thereon, it has grown into an organization that recorded revenues of USD 19 billion in 201. It operates in Singapore, the UK, Australia, the USA, and even China. Its advertising campaigns and coverage that extends to Mount Kilimanjaro have added to its popularity. Here is a carefully curated list. Their primary business is the production, distribution, and sales of many food and beverage products. With over 15 million customers in just Algeria, Global Telecom Holding or GTH is a telecom giant. It is also among the largest banking groups of sub-Saharan Africa. It is a public limited firm with operations outside Africa as well. This company replaced the previous company EGA. This is wealth harnessed from music recordings and endorsements from big businesses. Engen Petroleum focuses on refined petrol products. Innovation and a continuous focus on improvement is key to its working. Eskom is Africa’s largest electricity producer. Masssdiscounters recorded sales of USD 1.5 billionin2017. Old Mutual Group recruits about 31,000 employees. This is the biggest starch and glucose maker in Africa. Its services are focused in the West African region. Each of these startups is getting a $38,000 funding and more in the form of support services. Apart from these interests, it is also developing an underwater offshore pipeline with the CNOOC Group. This was earlier a part of Kumba Resources. This group has its head office in Illovo in South Africa. The bank has a presence in not just Africa but in Asia and Europe too. 20% of this firm is owned by the ZCCM-IH. ArcelorMittal had its command in South Africa and ranks among the largest mining and steel firms. This Tencent is also the major driver of Naspers stock price that has been soaring. The Foschini Group retail stores have a strong presence outside Africa as well, including in the United Kingdom and Australia. This firm is one of South Africa’s largest milling and customer goods brand. It started in 1895 as South African Breweries and grew on to become one of the biggest brewery names in the world. Patrice Motsepe. Since then, Pick n Pay has grown into a retail chain that has revenues of R 83.5 billion. The head office of Blue Label Telecoms is in Johannesburg. Both firms were providers of insurance and financial services in South Africa. It has its HQ in Bedfordview in South Africa. Aspen Pharmcare is the largest African drug company. Murray & Roberts Holdings employ over 20,000 people as per a 2017 estimate. The company deals in financial services and is headquartered in Johannesburg. He was crowned King in July 1999 after the passing away of his father, King Hassan II. In 2018, the MRP group posted sales of over R 21 billion. Apart from these, it also deals in consumer electronics, data and music streaming. Old Mutual Group was founded on May 17, 1845. 1. Apart from petroleum, Naftal also deals in Butane, Diesel and Sirghaz oils. Apart from this, Implats also bought the North American Palladium to form Impala Canada in 2019. In addition to all this, Datatec has also expanded into the cloud and mobile technology fields. Pioneer Group’s head office is in Tygervally, South Africa. In addition to this, Edcon is also a leading provider of financial services in Africa. This company was started in 1950 in Egypt, and now has a presence in 25 countries. It is no surprise that this group’s annual turnover was well above €34.5 billion in 2017. Their turnover in 2018 was an estimated R32.06 billion. Africa has over 140,000 millionaires and a steady growth rate. Akon is the richest musician on the continent with a net worth of 80 million dollars. MeTL group employs almost 100,000 people. When talking about the richest company in Africa, you cannot skip Eskom. Although there are a lot of affluent companies and organizations in South Africa, the richest ones have been listed above. Also, it has an employee strength of 30,000 people. This is the largest airline in Africa, and not just by terms of passenger size alone. MIDOR or the Middle East Oil Refinery provides a range of petroleum products and related services. Walmart has a majority stake in Massmart. Its presence is in over 14 nations across the continent. Like Bishop David Oyedepo, Prophet Shepherd Bushiri is also estimated to have a net worth of $150 million. Old Mutual Life Assurance Company is a major banking and insurance group in Africa. List fo the richest companies in South Africa presently. They also bought Alliance Medical in 2016 for USD 727 million. His palace’s daily operating budget is estimated at $960,000. It has a majority stake of 53% in the Distell Group. The company has been around since 1982, with Ibrahim Salem as its founder. Spar is a South Africa, Naftal has grown into a conglomerate with total. Condition for a client base of 103 million USD 13.7 billion is 97. That neighbour South Africa USD5 billion all through the supply chain services, banking, personal banking, services... 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