Sign in
Download Opera News App





Business Management analysis

Top 5 Largest Companies In South Africa.

South Africa has it economy running among the best economies in the world because of its business sector revenue.

Many of the companies in South Africa are privately owned and some are a state owned, but they all play a huge role into South Africa's economy boost.

Below is the list of 5 largest companies that play the huge role in boosting the economy of South Africa and abroad.

1. Anglo American Plc

Anglo American corporation is the South African company that was founded by Ernest Oppenheimer in 1917.

The company was founded in Johannesburg as Mining company. It is the largest producer of Platinum in the world and also produces Copper, Iron Ore, Silver and other minerals.

It is the largest company in South Africa with a revenue of $30 Billion in 2020. The company's Net Income is about $3,3 Billion. More 90 Thousands people are employed by the Anglo American corporation.

2. Sasol

Sasol is the South African company that was founded by the state in 1950. It focuses on producing Energy and Chemicals, Oil, Diesel and Petrol fuel.

The company's headquarters are in Sandton in Gauteng, South Africa. It is the second largest company in the Country.

It has the revenue of $12,26 Billion in 2020 and generate a Net Income of $5,87 Billion. It has more that 30 000 employees.

3. Shoprite

Shoprite is the largest retailer in Africa, it has 2, 872 store and operates throughout Africa in 14 countries.

The company was founded in 1975 in Breckenfell in Western Cape, South Africa.

The company generates about R160 Billion of Revenue and has a Net Income of R3,3 Billion.

4. MTN Group

MTN Group is the Multinational Mobile Telecommunications Company that was founded in 1994 in Johannesburg, South Africa.

In 2020, the company recorded a number of 273,44 Million subscribers from all over the world. It has its operations in Africa and Asia. It operates in over 20 countries.

MTN is the 9th largest network operator in the world and has a generated revenue of $15,43 Billion and a Net Income of about $3,3 Billion. It has the number of about 19 Thousands employees.

5. Absa Group

Absa Group is the financial and banking South African company that was founded in 1991 and has its headquarters in Johannesburg, South Africa.

The company has over 40 Thousands employees and generates the revenue of about R80 Billion and has Net Income of R14 Billion.

Content created and supplied by: Nomdez (via Opera News )

Anglo American Plc Iron Ore Johannesburg South Africa South African


Load app to read more comments