In this article we are going to list the 5 most valuable South African in the world. For a detailed coverage of this topic and a more comprehensive list please take a look at the 17 most valuable South African companies in the world.
5. Vodacom
Total market cap of the company as at 7th Feb 2023 (in billions): 11.94
Vodacom is one of the biggest mobile communications in South Africa and among the most valuable South African companies in the world, with its mobile networks covering a population of over 400 million people. Its business extends to Democratic Republic of Congo, Lesotho, Kenya, Tanzania and Mozambique and is majority owned by Vodafone Group Public Limited Company (NASDAQ:VOD). Currently with over 133 million customers, Vodacom recorded over R53.7 billion for just the six months ended 30 September 2022.
4. MTN Group
Total market cap of the company as at 7th Feb 2023 (in billions): 14.87
The most valuable mobile telecommunications company in South Africa, MTN Group maintains operations in several Asian and African countries, and currently has over 272 million customers in 19 markets. MTN’s 2025 ambition is to lead digital solutions for Africa’s progress including driving industry-leading connectivity operations, and building the largest and most valuable tech platforms. Recently, MTN scored a major win after Ghana withdrew its $672 million back-tax demand from the company.
3. Standard Bank Group
Total market cap of the company as at 7th Feb 2023 (in billions): 16.82
The second most valuable bank in South Africa Standard Bank Group has operations all over Africa and has an additional presence in Europe, Asia and the Americas. Recently, Standard Bank Group announced a collaboration with GE Healthcare which will result in financing of around $80 million that will be used for the distribution of GE Healthcare equipment during the next five year. The bank is also involved in financing the Just Energy Transition Investment Plan, one of the nation’s biggest focus for the next several years.
2. FirstRand
Total market cap of the company as at 7th Feb 2023 (in billions): 21.02
FirstRand is the largest bank in South Africa in addition to being the most valuable. Currently, FirstRand provides employment to around 50,000 people and has operations in sub-Saharan Africa as well as India and the United Kingdom.
1. Naspers Limited
Total market cap of the company as at 7th Feb 2023 (in billions): 40.65
Easily topping the list of the 17 most valuable South African companies in the world is Naspers Limited, which is a global internet group and counts itself among the biggest tech investors in the world. In 2022, Nasper’s revenue was above $22 billion and the almost century old company and owns various companies, such as Takealot which is the largest e-commerce retailer in South Africa, and Media24, which is one of the leading media groups in the nation. Naspers is also known for its early investment in one of the biggest Chinese tech companies in the world in Tencent.
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