It has copper smelting operations that go as far as the 4th century. It competes globally with companies like Chevron and ExxonMobil. Gold Fields had a revenue of USD 2.5 billion in 2018. Irene Charnley a beautiful South African and a former trade unionist born on … Since then, Naftal has grown to become a public company with an income of 15.65 billion Algerian dollars. The largest airline in South Africa, South African Airways has its headquarters in Airways Park at OR Tambo International Airport. It is also among the largest gold producers in the world. This is what makes it the richest company in Africa in this sector. By the end of the 2016 financial year, the Suez Canal Authority had a USD 5 billion turnover. As of 2019, the Shoprite Group has more than 147,000 individuals in more than 2,934 stores across 15 African nations. He was born in 1983 and currently resides in South Africa. However, its presence is not in Africa alone. It focuses on crude oil refinement for producing petroleum products. Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. This was started in 1966, around 54 years ago. GropeMaroc Telecom has over 1,000 people working for it. MTN Nigeria employed above 17,000 people and reported a revenue of USD 3.3 billion in 2015. MTN, Nigeria also has a presence in over 20 nations. This company was formed after Arcelor was merged with Mittal Steel, an Indian steel company. The company also deals with international freight management and works in several industries. Richest Men In South Africa And Their Net Worth (2020) 1. It also has a customer base that exceeds 5.6 million people across Morocco. At first, it was a 50-50 partnership between Vodafone and Telkom. MTN Group Limited was formerly known as M-Cell. Sonelgaz produces 29 billion kWh in a year and sells 4.6 billion cubic meters of gas. Murray & Roberts Holdings employ over 20,000 people as per a 2017 estimate. Engen Petroleum focuses on refined petrol products. They also reported revenue of over USD 5 billion in 2015. They started in 1950 and today has more than 30,000 people working for it. Apart from these functions, it also takes care of the traffic and security. South Africa’s GDP may cross $29 trillion by 2050. Ethio Telecom’s offerings include fixed-line, broadband, and mobile services. DiounWired is a store selling technological solutions, primarily hi-tech and multimedia. In the mining industry, this company is a supplier of explosives and other similar accessories. Transnet Freight Rail is a logistics company in South Africa. Blue Label Telecom also acquired Airvantage in 2018. Although there are a lot of affluent companies and organizations in South Africa, the richest ones have been listed above. This number puts it the 8th largest operator of mobile networks globally. They dominate our economy and many are multinationals listed on other foreign exchanges. It is no surprise that this group’s annual turnover was well above €34.5 billion in 2017. Naftal employs more than 30,000 people and runs 10,00 gas stations. Cevital was started 22 years ago in 1998. In 2006, Netcare had purchased a major stake in the General Healthcare Group of the UK. In this area, it has also made efforts to make the treatment of HIV/AIDS more affordable. Telkom has over 500,000 customers for its broadband services alone. Remegro is the majority owner of the Distell group as well. Vodacom Group is a telecom company that has its roots in South Africa and serves the majority customer base. This division is behind the operations of Makro and the Fruitspot. It is based in South Africa, with interests in field marketing as well as retail. Brett and Mark Levy came together to start the Blue Label Telecom group in 2001. It is a public utility provider and one of the richest companies in Africa. Lonmin is the mining arm of a British platinum manufacturing company. Since then, it has grown into an employer of over 12,800 people with just paper and pulp as its chief products. This, along with its 2800+ employee strength, makes it one of the richest companies in Africa. 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. At that time, it was known as ANSDK or the Alexandria National Iron & Steel Company. Some of the main products of Exxaro include Coal, titanium, zircon and iron ore, among others. The best security company in South Africa are focusing on innovative technologies to offer the best security services to the global enterprises based in South Africa. In its own words, Oando is a provider of integrated energy solutions. In just 20 years, it grew to a brand with a turnover of R25.21 billion. Shoprite Holdings Limited is a public organization recorded on the Johannesburg Stock Exchange. Its products are sold both in domestic and international markets. 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. Masscash is a wholesaler of liquor, personal care items, and food in South Africa. Charlize Theron. The is the owner and managers of the major ports of South Africa. With these subsidiaries, its presence is across 10 African countries. In the same year, it also reported an employee count of 10,730. The Massmart House, its head office, is in Sandton in Johannesburg. The richest companies in Africa in the banking sector began 182 years ago in 1838. In Zambia, Kansanhi Mining ranks as the largest producer of copper. The total revenue of this company is $8.2 billion. It is one of the top 40 companies that form the JSE or the Johannesburg Stock Exchange. Masssdiscounters recorded sales of USD 1.5 billionin2017. And a large part of that credit would go to companies like the ones above. In 2018, they had a turnover figure of USD 11.9 billion. Earlier the government of Morocco had a 35% stake in GroupeMaroc Telecom. This company offers its services to countries such as Nigeria, Ghana, Botswana, Uganda, Zambia, Kenya, and Mozambique. Osman Ahmed Osman established this firm in 1955. This Johannesburg complex is known as the Bushveld Igneous Complex. Their high-quality uranium and gold operations are across the Witwatersrand basin. It has 1,450 service stations and a refinery in Durban that produces 120,000 barrels per day. Naftal is a name commonly seen across Algeria. The same shares were then sold to Etisalat for a value of USD5 billion. This conglomerate is the parent of more than 300 companies spread across multiple business lines. From thereon, it has grown into an organization that recorded revenues of USD 19 billion in 201. Sonatel or the Société Nationale des Télécommunication is the main telecom firm of Senegal. Top 10 Richest List, Interesting Rankings Hub. She is the sister to South Africa’s richest black entrepreneur Patrice Motsepe and to the first lady of South Africa Tshepo Motsepe Ramaphosa. Besides, it is the largest mobile network operating company in Africa and the eighth in the world. Besides, in this article, the richest companies in South Africa will be addressed. Significant investors incorporate the South African Government Employees Pension Fund, Industrial Development Corporation of South Africa Limited (IDC), Allan Gray Investment Counsel, Coronation Fund, Investec Asset Management, and others. The richest black man in South Africa, the billionaire with the European appearance Johann Rupert has turned a part of the father's company into the business shining in every sense. The firm now has its presence across 18 countries globally. Residence: Cape Town. Sonangol has offices in America, Europe, and Asia. Top 10 Richest Companies In The World (2020 Update) Joel Kuruye October 1, 2020 Over the past decades and centuries, some corporations and firms have through sheer diligence, hard work and enormous amount of resilience built their brands from the scratch up to the global center stages that they sit on today. It is a public limited firm with operations outside Africa as well. The group has its head office in Durban in South Africa. It is also the owner of the biggest pharmacy chains. All of this incorporates several business lines and products. It was globally the 3rd largest gold producer. It is also a major player in the energy sector. The company deals in financial services and is headquartered in Johannesburg. The country’s government owns 100% of Ethiopian Airlines. 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. They were formed in 1979. The brand retails in clothes, accessories, and footwear for men, women, and kids. All these operations are focused across South Africa. This means it providers insurance plans for durations that could be anywhere between 30 to 90 days. Apart from the mentioned mineral resources, South Africa also has a rich and ideal climate condition for a perfect agricultural system. Apart from this, it is impressive to note that it has an employee strength of 20,000. This group employs more than 146,000 people. It is also called the National Society for Electricity and Gas. 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. South Africa has a total number of about 58 million residents which makes it the 24th most populous country in the world. Imperial Holdings is one of the most renowned logistics company all through the supply chain. Some of its most famous projects include the Gaza Strip Airport, the Aswan High Dam and the Luxor International Airport among others. Old Mutual Group was founded on May 17, 1845. The group provides insurance, banking, and investment products. This firm is known for brewing spirits, ciders and wines among other beverages. Ethio Telecois Ethiopia’s major telecom company. Massmart Holdings Ltd is among the largest merchandise retailers in Africa. 77.7% of RCL foods are under Remgro, which is one of the firms that we already talked about. Earlier known as M-Cell, MTN is a multinational telecom company. This construction major had a USD 1.5 billion revenue estimate in 2018. Naspers also has investments across other regions. The Bidvest Group of South Africa is a distribution, foodservice and trading major. As of 2015, MTN South Africa had revenue above USD 3 billion. They currently have more than 5,000 people working for them. 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. 10 of the Richest People in South AfricaHello Displorers, welcome and thanks for watching. This firm owns 100% of the Life Healthcare Group. In addition to this, it also had assets of USD 13.7 billion. This company ranks 11 in the world in comparison to other oil majors. MIDOR has a USD14 billion investment into it. They operate many power stations along with Africa’s first nuclear power plant. King Goodwill Zwelithini of Zulu South Africa - $19 million What makes RAM one of the largest airlines in the area is its network and the sales volumes. It also has a presence in Papua New Guinea. Its annual turnover was around R30 billion in 2019. The rest is with First Quantum Minerals Limited. Datatec provides IT solutions and managed services. ArcelorMittal S.A is among the leading steel manufacturing firms in the world. Omnia Holdings currently employs over 4,817 people. Read the below piece to know more about the companies. They are among the largest engineering companies in South Africa. It recorded total revenue of R28.5 billion in 2018. This company initially started as just a family business and grew to be the largest food company in the continent. They also have their commercial bank by the name of the Bidvest Bank. Your email address will not be published. What makes it one of the richest companies in Africa is the annual turnover. This company works in the distribution of prepaid electronic value tokens and transaction servicing. This is wealth harnessed from music recordings and endorsements from big businesses. In return for this, both the partners are picking up a 5-10% stake in the startups. It has interests in various fields, including renewable energy, banking, and food industry. Next in the race to become the richest company in Africa is Murray and Roberts Holdings Ltd. 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. It has interests in internet communication, e-commerce, gaming as well as entertainment. Nicky Oppenheimer; Net Worth: $7.5 Billion. The company was founded in 1994 and it deals with internet services. It has since grown into a company with annual sales touching 905,000 billion CFA. Its presence is in over 14 nations across the continent. The Arab Contractors or the Al Mokawloon Al Arab is a massive construction and contracting firm. It has also recently acquired Russia’s largest investment bank Troika. As of 2019, Eskom had more than 46,000 people working for it. 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