South Africa is one of the countries in Africa that boost a strong economy while housing many top companies. These companies are known to contribute a lot to the economy’s advancement. In this article, we will talk about the biggest companies in South Africa.
What Influences Market Capitalization?
Market value represents the price at which a specific company would be traded in the fair or open market. Market conditions, demand and supply, and investor sentiment strongly influence the market value or capitalization.
The Biggest Companies In South Africa
Numerous companies in South Africa are prominently known for having a significant market value. Following their market value, they are among the most successful and suitable for investment. The biggest companies in South Africa include;
Naspers
Naspers is a South African multinational technology, internet, and multimedia company thriving well in the country. Known as the largest company in South Africa, it focuses on investing in diverse internet-based companies worldwide.
Standard Bank
Standard Bank is a South African financial service provider that has remained in option for many years. Popularly known for its history of loan provision, the bank is one of the largest among its peers regarding assets owned.
Gold Fields
Gold Fields is a South African gold mining company and one of the biggest companies in operation. With mining and other projects in several countries around the world, it is considered to be one of the largest gold miners in the world with over $13.7 billion market cap.
Vodacom
Vodacom is a leading mobile communications company that provides services to millions of customers. It’s one of the biggest companies in South Africa, partly owned by Vodafone, and currently listed on the Johannesburg Stock Exchange.
Shoprite
Africa’s biggest supermarket retailer, Shoprite, is among the top companies in South Africa. It’s a known employer of labor in South Africa, having over 3,000 stores globally and listed on the South African and Namibian stock exchanges.
Sanlam
Sanlam is one of the biggest and leading financial services groups in South Africa. The company specializes in offering multiple financial products and services in over 31 countries with a significant focus on Africa.
Anglo Gold Ashanti
Anglo Gold Ashanti is a prominent global gold mining company with operations on multiple continents. The company remains a top one when it comes to mining activities all over the world and currently stands with a market cap of $9.07 billion.
Capitec Bank
Capitec Bank is one of the biggest companies in Africa, with a strong focus on offering customer-friendly services. The bank continues to gain prominence, and with a market cap of $12.85 billion, it’s one of the most successful in the country.
MTN Group
MTN Group is a mobile telecommunications company and one of the largest network providers in Africa. With a market cap of $8.55 billion and over 200 million customers to its name, it’s well ahead among other companies in the telecommunication business.
BidCorp
Bid Corporation (BidCorp) is an internationally recognized food services and distribution company operating in over five continents. It’s one of the biggest companies in South Africa and makes an increasing number of sales daily.