Simply known as the National Investment Company, SNI is a private holding company based in Morocco. Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. RCL also owns a 64.2% stake in Foodcorp, a South African packaged food firm. EXXARO Resources is a heavy mineral and coal-mining firm in South Africa. Lonmin is the mining arm of a British platinum manufacturing company. It has operations spread across 10 nations in Africa, including Nigeria, Congo, Ghana, etc. It has copper smelting operations that go as far as the 4th century. This firm is also the major supplier of steel to Europe, Canada, China, and the USA. Naspers also has investments across other regions. The African economy is a mix of trade, agriculture, and human resources of the continent. This is an electricity public-utility in South Africa. The Fruitspot recently merged with Freshdeal. 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.. It is also among the largest banking groups of sub-Saharan Africa. This separation and merger with Namakwa Sands & Eyesizwe Coal led to the birth of Exxaro in 2006. The company’s annual turnover estimate was R 37.14 billion in 2018. We’ll also see what these companies do, how much they earn, and what is their employee strength. Over 45,000 people work for the Massdiscounters retail chain. Currently, Kumba Iron Ore is located in South Africa’s Northern Cape Province. This Tencent is also the major driver of Naspers stock price that has been soaring. A 2014 estimate put the number of retail stores under the JD group at 1,223. The company began in 1992 with its head office in Lagos. Like Bishop David Oyedepo, Prophet Shepherd Bushiri is also estimated to have a net worth of $150 million. AECI recently expanded to get into business lines such as F&B, water processing, and chemical raw material. The company has a total revenue amount of $27.6 billion. Its 2018 revenue estimate was at R25.55 billion. Anglo American is the world’s largest producer of platinum with about 40% output. Telkom is partly private. What makes it the richest company in Africa is that it has stakes in the largest private companies in Africa. It is the employer of over 40,000 people. This group provides these services to commercial, retail, public as well as the corporate sector. Compagnie Financiere Richemont headed by him develops luxury brands of jewelry, watches, and clothes, increasing sales every year. The company does not only provide platinum but also, a great number of other mineral materials such as thermal coal, copper, diamonds, nickel, and iron ore. For now, Anglo American has up to 90,000 workers under it. The firm started in 1918 and has since grown to become a leading provider of short-term insurance. Their revenue in 2017 was USD 5,296 million. The country’s government owns most of the stake in this company. All these services are provided in markets in Africa and beyond, including Europe and Asia. Nampak is the largest packaging company in Africa. Soc. Makro is a leading retailer of appliances, gaming products, books, and electronics. It has under it around 2,200 km of Senegal’s fibre cables. It is a public limited firm with operations outside Africa as well. Some of the main mineral materials in South Africa are high-quality gold, tin, diamond, platinum, coal, iron ore, and copper. As of 2018, the company recorded a turnover of R74.58 billion with an employee strength of almost 25,000. The Tongaat Hulett Group found in 1892 is into agriculture and agro-processing. Apart from these, Netcare is also supporting 35 health-tech startups in Africa. Their turnover in 2018 was an estimated R32.06 billion. It is also among the largest richest companies in entire Africa. Its HQ is in Parktown in Johannesburg at the Inyanda House. Besides, the company employs up to 137,000 workers. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. Mr. Price Group, popularly known as MRP, is a premier retail firm from South Africa. He happens to have a 6 billion plan of building Africa's largest city. In the race to become the richest company in Africa in the consumer goods sector is RCL Foods. Sonatel or the Société Nationale des Télécommunication is the main telecom firm of Senegal. From thereon, it has grown into a conglomerate with a variety of interests. Outside Africa, it also has branches in India, Guernsey as well as London. In addition to this, Edcon is also a leading provider of financial services in Africa. Apart from the mentioned mineral resources, South Africa also has a rich and ideal climate condition for a perfect agricultural system. Initially, the group was set up as a life insurance company. They were formed in 1979. It also forms around 20% of the market cap of Nigeria’s Stock Exchange. Sonangol has offices in America, Europe, and Asia. It has over 232 million customers, which makes it one of the richest companies in Africa. In 2018, its turnover was reported at around 36 billion Moroccan Dinars. This group was Life Healthcare’s biggest rival. This company has interests in agriculture around South Africa. The organization was framed in 1950 in Sasolburg, South Africa and based on forms that were first evolved by German scientific experts and architects in the mid-1900s. Some of the brand names under this group include Sasko, Veet Bix and Ceres. In addition to that, they also provide Financial Services. Sonatrach is the richest company in Africa in the oil industry. Transnet Pipelines takes care of the pipeline assets, and Transnet Freight Rail is the freight rail division. It has a net income of around R1.3 billion as of 2016. Gold Fields had a revenue of USD 2.5 billion in 2018. South Africa is located in the southern part of Africa and it is one of the pioneering African countries based on the economy. Kenya’s leading telecom provider is Safaricom. The Arab Contractors or the Al Mokawloon Al Arab is a massive construction and contracting firm. Naspers is one of the premier internet groups in South Africa. Brett and Mark Levy came together to start the Blue Label Telecom group in 2001. The total revenue of the Standard bank group is $9.6 billion. With all these revenues and holdings, Remgro Limited has an employee strength of just around 173. It is the world’s 8th largest gold producer. The company has a total revenue amount of $10 billion. Next in the race to become the richest company in Africa is Murray and Roberts Holdings Ltd. Sasol reported a revenue of over USD 21.8 billion last year. Makro deals with both B2C and B2B models. This retail-led healthcare firm runs more than 800 stores in South Africa. A 2016 estimate puts its turnover at $2.4 billion. It is a fully government-owned enterprise that serves customers globally. It is one of the largest gold mining companies in the world. The business tycoon’s assets are currently valued at … At that time, it was known as ANSDK or the Alexandria National Iron & Steel Company. Aspen Pharmcare is the largest African drug company. However, that has become history as his current net worth stands at $5.9 bn. Masswarehouse’s latest revenue estimates put the figure at over USD 1.9 billion. In 2017, the annual turnover of this group stood at R31.9 billion. Its annual turnover was around R30 billion in 2019. 10. Bidvest is also into many other business lines. Vodacom is the major telecom provider in South Africa. 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. Here is a carefully curated list. However, over 80% of the firm’s business is cement production. The roots of Remgro Limited can be traced to the Voorbrand Tobacco Company that was formed in 1940. It is worth noting here that the Transnet Freight Rail is Transnet’s largest division, and also the biggest outside the United States. Besides, the company has an international office in London and New York. 10 of the Richest People in South AfricaHello Displorers, welcome and thanks for watching. The country is among the largest oil producers of Africa. Its products are sold both in domestic and international markets. Engen Petroleum focuses on refined petrol products. The company has total revenue of $9.4 billion. Further, it was also given a monopoly on natural gas in the country. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. It further increased the ownership to 88.1% by purchasing another 23.9% at R3939 million in 2013. They are the largest cargo hauler in Africa. Oando PLC is one of the largest petroleum companies in South Africa. Top 10 Richest Celebrities In South Africa 2020 The South Africa entertainment industry and social scene is quite easily the biggest on the continent and compares well with the best in the world. The firm has since grown into a business with yearly sales touching USD 1.6 billion. Currently, the group has 442 stores across Sub-Saharan Countries and South Africa. They offer several schemes in medical insurance to suit various consumer needs. The company also deals with international freight management and works in several industries. Their retail chains in liquor, home goods, and food are the 2nd biggest in Africa. This group has its head office in Illovo in South Africa. Pioneer Group’s head office is in Tygervally, South Africa. The total revenue of this company is $8.2 billion. Required fields are marked *. Sonatel has been actively working in the set up of fibre optics throughout Africa. It also has interests in the field of property management. South Africa is a country with a rich history and with multitudinous mineral materials. Who is the wealthiest traditional ruler in the continent in 2020? Apart from this, Sonangol also has its interests in technology and real estate. What makes this company unique is that it serves the local areas with a low-price promise. While the company is primarily based in South Africa, it has operations around the globe. As of 2018, the total number of Sanlam’s workers was 103,000. This company replaced the previous company EGA. While it is based in South Africa, it is also traded on the stock exchanges of London, New York, Johannesburg as well as Brussels and Paris. Patrice Motsepe, the founder and chairman of African Rainbow Minerals, became a billionaire in 2008 - the first black African on the Forbes list. 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. Cevital was started 22 years ago in 1998. They dominate our economy and many are multinationals listed on other foreign exchanges. The product base includes personal and family insurance, vehicle cover as well as credit. They are among the largest engineering companies in South Africa. The Arab Contractors works in bridge construction and road building, among other things. The Golden Penny Flour is among the chief brands owned by the FMN. This is the story of Sanlam, which started 102 years ago dealing with just life insurance. Top 20 Richest People In South Africa 20. Safaricom is East & Central Africa’s most profitable firm. After that, it changed its name to Engen Petroleum. Eskom is Africa’s largest electricity producer. Richest Women in South Africa 1. Omnia Holdings currently employs over 4,817 people. All of this incorporates several business lines and products. It is also called the National Society for Electricity and Gas. The OCP Group is in the field of mining & processing, engineering & consulting and ecosystem development. Aspen is one of the major producers of ARV, a drug for managing HIV. Absa Group Limited was founded in 1991 and was formerly known as Barclays Africa Group Limited. Besides, it is the largest corporate taxpayer in South Africa. Algeria is also known as the People’s democratic republic of Algeria. It is also a major trading firm that operates in Africa and abroad. It is also expanding into short- & long-term rentals of cars. Read the below piece to know more about the companies. In 2006, Netcare had purchased a major stake in the General Healthcare Group of the UK. South Africa’s GDP may cross $29 trillion by 2050. Consider Constructions is among Algeria’s largest construction firms. In the retail business, Edcon Limited is easily one of the richest companies in Africa. FirstRand Limited or the FirstRand Group is among the largest provider of Financial Services in South Africa. They are working towards mines with zero emissions and wastes. Absa is the richest company in South Africa with a total revenue of $9.7 billion. The Standard Bank Group is a South African budgetary company and is Africa’s greatest loan specialist by assets. It also has emergency hospitals at both ends of the Suez Canal. It has several integrated business models. Irene Charnley a beautiful South African and a former trade unionist born on … By the end of the 2016 financial year, the Suez Canal Authority had a USD 5 billion turnover. Apart from that, it also runs 49 more stores outside South Africa. The OCP Group started in the field of phosphate extraction and shipments in 1921. This is the national airline of Ethiopia. Old Mutual Life Assurance Company is a major banking and insurance group in Africa. It is also the largest shareholder of Tencent. It was started in 1981 by government order. Brands under SABMiller were the likes of Millers and Fosters. Nassef Onsi Sawiris (born in 1961) is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons (his brothers are Naguib and Samih). The company was founded in 1994 and it deals with internet services. This product range includes lubricants, base oil as well as additives. Both brands have a presence in 19 cities across the sub-Saharan Africa region. In the same year, it also had over 18,290 employees. Sasol creates and deals with technology, including manufactured fuel innovations, and produces distinctive fluid fills, chemicals, and power. This makes it the richest company in Africa in this segment. They manufacture, prepare, import and distribute cement. Some of the main products of Exxaro include Coal, titanium, zircon and iron ore, among others. When it was established in 1928, the firm was known as Iscor Ltd. The most significant of these investments is its USD 1 billion investment to Swiggy, a food-tech giant based in India. It employs an opencast digging technique in this mine. Until its acquisition in 2016, this was one of the top 5 brewing companies in the world. Top 10 Richest DJs In South Africa 2020 Gone are the days when disc jockeying was looked down up on as the least in all careers one can venture into. Engen has a presence in 17 nations and also exports to 30 other nations. It is listed on the Johannesburg Stock Exchange. This is a 174- year company that began in 1845 in Cape Town. This company was formed after Arcelor was merged with Mittal Steel, an Indian steel company. It is under the Brimstone Investment group. Rupert is chairman of Swiss luxury goods firm Compagnie Financiere Richemont. Nedbank is a bank service company that was founded on March 1st, 1888. Murray & Roberts Holdings employ over 20,000 people as per a 2017 estimate. Telkom has over 500,000 customers for its broadband services alone. All these things come together to create a very interesting mix of businesses spread across its 54 countries. Naftal employs more than 30,000 people and runs 10,00 gas stations. Office Cherifien des Phosphates (The MIDOR has a USD14 billion investment into it. The company began in 1850, and it went public in 1997. Pioneer saw a sales number of R20.15 billion in 2018. Massmart Holdings Ltd is among the largest merchandise retailers in Africa. FirstRand is the richest company that has its presence in eight countries in Africa, including the likes of Ghana, Swaziland, Nambia, and Nigeria, among others. Apart from this, Implats also bought the North American Palladium to form Impala Canada in 2019. Vusi Thembekwayo, Age: 27. Harmony Gold Mining has since grown into a firm that employs over 34,000 people. In addition to this, it also had assets of USD 13.7 billion. With more than 137,00 people working for it, it also has its own Bidvest Bank. The company has interests in services, agri-food, and retail. Datatec is an ICT or Information and Communications Technology service and solutions group. Also, it ranks number 7 in the world in terms of its capacity for electricity generation. The company is one of the richest organizations in South Africa for now. Although there are a lot of affluent companies and organizations in South Africa, the richest ones have been listed above. The King of Morocco, a member of the Alaouite dynasty, was born on 21st August 1963. Top 10 Richest List, Interesting Rankings Hub. The firm’s main business is designing and manufacturing of product packaging. Masswarehouse is one of the major divisions of Massmart. 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. King Goodwill Zwelithini of Zulu South Africa - $19 million In addition to that, most of the nations’ fuel pipelines and rail services are also run by Transnet. SPAR is a name that many people will have heard. It also has a presence in Papua New Guinea. The revenue of Safaricom in 2018 was at KES242.14 billion. The Anglo America Corporation mutually holds Kumba Iron Ore with 3 more partners. As of 2018, Implats had revenue of R35.9 billion. In their own words, Telkom is Africa’s biggest integrated communication provider. JOHANNESBURG, SOUTH AFRICA – NOVEMBER 08: ..Patrice Motsepe during the Sunday Times Top 100 Companies event at The Empire on November 08, 2017 in Johannesburg, South Africa. With these subsidiaries, its presence is across 10 African countries. Its estimated revenue was over USD15.1 billion in 2016. This division is behind the operations of Makro and the Fruitspot. However, the most surprising aspect of one of the richest companies in Africa is its employee strength. Wendy Appelbaum. They also have their commercial bank by the name of the Bidvest Bank. The group has an employee strength of over 4,400 people. It also sponsors several arts and sports across Africa. Apart from this, it is worth noting that they posted annual revenue of US D5.8 billion in 2018. However, its operations did not begin until April 8, 1946. The group’s net income was an estimated USD  1.8 billion. 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. Its annual turnover was well over R47.39 billion in 2018. The Massmart House, its head office, is in Sandton in Johannesburg. Patrice Motsepe. 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. It is traded as SAP & SPPJY. Notify me of follow-up comments by email. He was born in 1983 and currently resides in South Africa. It also has operations outside Africa in several Asian and European nations. Massmart owns this company, now a part of Walmart International. Innovation and a continuous focus on improvement is key to its working. It is publicly traded, listed on the Egyptian Stock Exchange. MTN has its headquarters in Johannesburg. As one of the fastest-growing economies in the world, this number may just be exceeded! All these numbers, with its 18,000 plus employee strength, making it one of the richest companies in Africa. They are ranked at number 8 globally in terms of mobile networks. It has its head office in Sandton in South Africa. With that, let’s go ahead and explore the 100 richest companies in Africa. Top 10 Richest Forex Traders In South Africa… Tiger Brands came into being in 1896 by Jacob Frankel and Joffee Marks. This firm is known for brewing spirits, ciders and wines among other beverages. Some of these include Managem (mining), AttijariWafa (bank) and Marjane the supermarket chain. This airline has 44 cargo and 125 passenger destinations. These mines would also have a wash-to-zero ad that would practice sustainable engineering. She along with her husband Hylton Appelbaum owns DeMorgenzen Wine Estate and she was listed in Africa and South Africa as one of the richest women in 2012. They were first listed on the Johannesburg Stock Exchange in May 2016. Massdiscounters has 2 retail brands under it. TOP 10 RICHEST MUSICIANS IN SOUTH AFRICA; CONCLUSION ON TOP 10 RICHEST MEN IN SOUTH AFRICA 2020. Over 67% of Nampak’s revenue comes from South Africa. Each of these startups is getting a $38,000 funding and more in the form of support services. The company does not have any presence outside Africa yet. The company was incorporated in the year 1991. Remegro Limited also holds an indirect control over Distell through Capevin Holdings. In just 20 years, it grew to a brand with a turnover of R25.21 billion. The company has been around since 1982, with Ibrahim Salem as its founder. Apart from this, it also provides television, internet, and corporate telecom solutions. Sonelgaz was started in 1969. Tag; Top 10 Richest Companies In South Africa 2020, Your email address will not be published. The company deals in financial services and is headquartered in Johannesburg. Apart from gold, it is also a major producer of Uranium oxide and silver. What makes it one of the richest companies in Africa is the annual turnover. Sonelgaz is a state-owned utility firm in Algeria. The firm posted an annual turnover of USD 1.3 billion last year. It is also providing services in the United Kingdom. Standard Bank Group was founded on 15th October 1862. This is controlled by Transnet and is state-owned. Sasol Ltd has its HQ in Sandton in South Africa. South Africa is the southernmost country in Africa.It is the 25th-largest country in the world … Since then, it has grown to become a firm with a 12 million customer base. Richest Men In South Africa And Their Net Worth (2020) 1. Nicky Oppenheimer – Net Worth $7.5 billion. They have a presence not only in Africa but also in Asia and in many European countries. It also has interests in mining, food & beverage and petroleum sectors. The firm touched annual sales of USD 1.4 billion. It is also among the largest gold producers in the world. The richest company in Africa in the healthcare sector is Clicks Group. Than 12,000 people these revenues and Holdings, found in 1892 is into and... El Sewedy family hospitals at both ends of the cou… Below is public! 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