5) FirstRand – South Africa – $18.5B
FirstRand is a South African bank that offers insurance, banking and investments services. Where other banks sometimes focus on one customer group FirstRand has customers from all sectors of the economy: individuals, companies and the government. The company was founded in 1970. It has its headquarters in Sandton, South Africa and employs more than 42,000 people. FirstRand is the biggest bank in South Africa.
4) MTN Group – South Africa – $18.9B
MTN Group is a South African telecommunication service provider. The company was only founded in 1994 and is now one of the biggest broadband, internet and mobile phone providers in Africa. Despite its sales of $11.5B they only have 22,000 employees.
3) Sasol – South Africa – $20.9B
Sasol Ltd. is a manufacturer of industrial chemicals. The company mainly focuses on liquid fuels, low-carbon electricity and various chemicals. The headquarters are in Johannesburg and nearly 31,000 people work at the company.
2) Steinhoff International – South Africa – $22.8B
Steinhoff is the second largest company in Africa. It is a retail holding company and mainly trades in household goods and furniture. The company is quickly expanding all over the world. For example, in 2016 it bought the Poundland discount chain in the UK for £610 million. The company is now also in talks to purchase the Mattress Firm based in the US for $3.8 billion.
In total the company operates 6500 stores and employs over 90,000 people. About 60% of the firm’s revenue is from Europe. These are a few of the South African brands Steinhoff owns: Pennypinchers, Timbercity, Shoe City, Unitrans.
1) The Biggest Company in Africa: Naspers – South Africa – $60B
Naspers is the biggest public company in Africa! They were founded in 1915 and they are active in broadcasting and cable services. Its main source of income is from internet services like classifieds, e-commerce and payment providers. On top of that they are active in TV, print media and book publishing. Its base of operations is in Cape Town, South Africa and they employ roughly 24,000 people.
This list of the biggest companies in Africa was made by Africaranking.com based on the Forbes top 2000 companies list and other publicly available information. If you have any remarks or suggestions for Africa Ranking please leave a comment below!