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15 Most Valuable African Companies

Today, with so much happening all around the world, Africa becomes the center of lucrative business activities and investment rather than a mere land of exploitation by other continents. Gone are the days when Africa was famous for war, poverty, disease outbreaks and diamond mines.

In recent years, the people of Africa are well informed and poised to making a difference; they build businesses, launch applications and software, and launch large business and commercial ventures. Currently, the African economy is $ 2.6 trillion and annual consumer and business spending is $ 6.6 trillion. Nigeria, Egypt and South Africa together account for the largest share of Africa’s GDP. The population of Africa is currently 1.2 billion and is expected to increase by more than 500 million by 2030 with more than 80% of this increase being concentrated in urban areas, making the continent the fastest urbanizing region in the world. This will promote African companies to compete with European and American counterparts such as Wal-Mart (NYSE: WMT), Amazon (NASDAQ: AMZN) and eBay (NASDAQ: EBAY). Under the leadership of strong economic growth, growing prosperity, an emerging middle class and a high-tech generation, the 21st century will usher in a new era in Africa. Economists predict that the Asian miracle will end sooner or later, and the African era will begin. In this century, Africa’s role in world affairs will be more important than just a silent observer of the current situation.

Below provides details on the 15 most valuable companies in Africa;

Datatec (JSE: DTC)

Annual revenue: US $ 4.2 billion (2020) Market value: $ 338 million

Headquarters: Gauteng, South Africa

Datatec is ranked 15th on the list of the 15 most valuable companies in Africa. Datatec was founded in 1986 and its main office is in Johannesburg, South Africa. It is one of the most valuable public media companies in Africa. Jens Montanana serves as CEO and founder and has more than 8,000 employees. The company’s annual sales exceed US $ 5 billion. Datatec is a global ICT solutions and service organization with operations in more than 50 countries in different regions of the world. The company provides technology distribution, assimilation and professional services.

Woolworths Holdings (JSE: WHL)

Annual revenue: USD 5 billion (2020) Market value: $3.1 billion

Headquarters: Cape Town, South Africa

Woolworths Holdings Limited is one of the largest retailers in Africa. It provides services in Africa and Australia and has a very strong international influence. The company owns beauty, clothing and food stores.

Suez Canal Authority

Annual revenue: US $ 5.1 billion (2020)

The Suez Canal Authority was established in 1956. It is a governmental organization, owned, operated and administered by the Egyptian national authorities, based in Ismailia. SCA is primarily responsible for maintaining and operating the Suez Canal and protecting traffic. It has 36 ferries and 114 ferries. The group reported that its turnover for the current fiscal year was $ 5.1 billion.

Massmart Holdings (JSE: MSM)

Annual revenue: USD 5.5 billion (2020) Market value: $ 630 million

Headquarters: Sandton, South Africa

Amongst the 15 most valuable African companies, Massmart is ranked 13th. Massmart Holdings is a management group company in South Africa. It is one of the largest distributors of consumer goods in Africa. The procurement community has more than 517 members working in 13 countries in sub-Saharan Africa. Massmart Holdings is listed on the Main Board of the Retail Consumer Services Segment of the Johannesburg Stock Exchange. Its annual turnover is 6.180 million dollars.

Bidvest Group (JSE: BVT)

Annual revenue: US$5.7 billion (2020) Market value: $3.9 billion

Headquarters: Johannesburg, South Africa

The Bidvest Group works in the areas of food service, commerce and distribution. It is one of the most valuable companies in Africa, with 130,877 employees. This African company owns 300 companies and operates in various markets, including automobiles, commercial products, banking, freight, office and printing businesses, property value, healthcare, security personnel, and stadium maintenance.

Sanlam (JSE: SLM)

Annual revenue: US$5.8 billion (2020) Market value: $8.2 billion

Headquarters: Cape Town, South Africa

Sanlam is a public company located in Belleville, Western Cape. It was established as a life insurance company in 1918. It has approximately 21,000 employees working in and outside Africa. The company’s annual profit is 6.311 million US dollars. Sanlam is listed on the Namibia and Johannesburg stock exchanges.

Vodacom Group (JSE: VOD)

Annual revenue: $6.3 billion (2020)

Market value: $13 billion

Headquarters: Midland, South Africa

Vodacom Group is a public mobile service provider headquartered in South Africa, and its parent company Vodafone (London: VOD) is located in the United Kingdom. It was founded in 1994 by South African businessman Alan Knott Craig. Its headquarters are in Gauteng, Johannesburg, South Africa. It conducts all business activities in Africa. It has approximately 8,000 employees and annual sales of US $ 6.48 billion.

Steinhoff International Holdings (JSE: SNH)

Annual revenue: US $ 9.4 billion (2020) Market value: $ 504 million

Headquarters: Stellenbosch, South Africa

In 1964, Bruno Steinhoff founded Steinhoff International Holding Company. This African company produces, imports and retails furniture and household items. It also operates a globally competitive manufacturing industry in South Africa through supply chain solutions, passenger transportation facilities, hardwood, and manufacturing operations in various industries. During the year, the company had more than 130,000 employees.

Imperial Holdings (JSE: IPL)

Annual revenue: 10.2 billion USD (2020) Market value: US$9.22 billion Headquarters: Johannesburg, South Africa

Imperial Holdings Ltd was established in Bedford View, South Africa and developed in 1946. Generally speaking, the company has extensive experience working in vertical industries: consumer electronics, industrial materials and mining, chemicals and energy, healthcare, transportation, industrial equipment, and agriculture. In terms of transportation, warehousing, storage, synchronization management and extended cargo dispatch management services.

Shoprite Holdings (JSE: SHP)

Annual revenue: $10.8 billion (2020) Market value: $4 billion

Headquarters: Cape Town, South Africa

ShopRite Holdings is one of the largest retailers in Africa. The company claims to be one of the low-cost retailers and has a strong presence in Africa. Approximately 40 million people visit and shop at Shoprite every day.

MTN Group (JSE: MTN)

Annual revenue: USD 11.2 billion (2020) Market value: $9 billion

Headquarters: Johannesburg, South Africa

MTN Group, formerly Mcell, was established in 1994. The company is committed to providing a wide range of communication services. The company’s services include the provision of Internet networks (data and voice). MTN Group is a multinational telecommunications giant with operations in Africa and the Middle East. Headquartered in Johannesburg, South Africa. In the fiscal year ending in 2010, the company had 17,510 employees. In the 2015 financial statements, the company reported revenues of US $ 15.432 billion. MTN is the largest network in Africa and the 11th largest network in the world.

Eskom Holdings

Annual revenue: US $ 12 billion (2020) Headquarters: Sandton, South Africa

Eskom Holdings SOC Ltd operates in South Africa. The company provides electricity to South African citizens. The company was founded in 1923 by Hendrik van der Bijl. Approximately 95% of South Africa’s electricity comes directly from Eskom Holdings, while 45% of Africa’s electricity is provided by the same company. Eskom produces, transmits and distributes electricity for households, industries, and redistributors. An estimated 49,000 employees work for the company. Eskom Holdings’ annual revenue is US$15 billion (2018 estimate). Eskom Holdings competes with Constellation Energy, Duke Energy Corporation and Entergy Corporation. The company’s headquarters are located in Sunninghill, South Africa.

Sasol (JSE: SOL)

Annual revenue: USD 12.25 billion (2020) Market value: $ 9 billion

Headquarters: Johannesburg, South Africa

Sasol is an integrated international energy and chemicals company. Sasol develops and markets technology, builds and operates world-class facilities to produce a variety of product streams, including liquid fuels, high-value chemicals, and low-carbon electricity. The company was founded in 1950. Sasol’s annual revenue is 21.78 billion U.S. dollars. Sasol competes with Exxonmobil, Royal Dutch Shell and Chevron. The company has 30,100 employees. It is located in Sandton, South Africa.

Anglo American Platinum (JSE: AMS)

Annual revenue: $13 billion (2020)

Market value: $34 billion

Headquarters: Johannesburg, South Africa

Anglo American Platinum is one of the largest platinum producers in the world. Approximately 35% of platinum in the world is produced by the company.

Sonatrach Petroleum

Annual revenue: $23 billion (2020) Headquarters: Algiers, Algeria

Sonatrach operates in the oil and gas sector of the Algerian economy. It is owned by the Algerian government. This global oil giant was born in December 1963. Sonatrach is headquartered in Hydra, Algiers, Algeria. In the fiscal year ending in 2010, the company employed approximately 120,000 employees and had revenues of US$76.1 billion (estimated in 2012). The company is the largest oil exploration company in Algeria and throughout Africa. On a global scale, it is the eleventh largest oil consortium. Every year, 30% of Algeria’s gross national product comes directly from the company.

By Alexander Asiedu Ofori

A passionate writer, content creator and a Pan-African

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