Discover the top 10 biggest companies in South Africa by revenue in 2023, including Old Mutual, Harmony Gold, Sasol, and more. Tese companies dominate various industries such as financial services, mining, and telecommunications.
1. Old Mutual
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $37430 Millions
Stock symbol: OMU.JO
Old Mutual is a multinational financial services company headquartered in London, United Kingdom. It was founded in 1845 and operates in various countries across the globe. With a presence in over 20 countries, Old Mutual offers a wide range of financial services including insurance, asset management, and banking. The company is known for its diverse portfolio of products and services, catering to the needs of individuals, businesses, and institutions. Old Mutual has established itself as a trusted brand in the financial industry, providing innovative solutions and expert advice to its customers.
2. Harmony Gold
Industry: mining
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $22620 Millions
Stock symbol: HMY
Harmony Gold is a mining company headquartered in Randfontein, South Africa, founded in 1950. It operates in multiple countries, including South Africa, Papua New Guinea, and Australia. The company’s main activities revolve around gold mining and exploration. Harmony Gold produces and sells gold, as well as engages in the exploration and extraction of other precious metals. It is known for its brands such as Harmony and Hidden Valley.
3. Sasol
Industry: energy
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $15350 Millions
Stock symbol: SSL
Sasol, founded in 1950, is headquartered in Johannesburg, South Africa. It operates in over 30 countries worldwide, including South Africa, Mozambique, and the United States. Sasol is primarily engaged in the production of chemicals, fuels, and energy from coal and natural gas. The company’s main activities include the manufacturing of liquid fuels, chemicals, and low-carbon electricity. Sasol is known for its brands such as Sasolburg, Secunda, and Natref.
4. Standard Bank Group
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $13730 Millions
Stock symbol: SBK.JO
Standard Bank Group is headquartered in Johannesburg, South Africa, and was founded in 1862. It operates in 20 countries across Africa, providing a wide range of financial services such as personal and business banking, investment banking, wealth management, and insurance. The bank offers various products and services including loans, savings accounts, credit cards, and investment solutions. Standard Bank Group is known for its strong presence in the African market and is recognized for its brands such as Standard Bank, Stanbic Bank, and Liberty.
5. Sanlam
Industry: financial services
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $12610 Millions
Stock symbol: SLM.JO
Sanlam is headquartered in Cape Town, South Africa and was founded in 1918. It operates in multiple countries, with a presence in over 30 countries across Africa, Europe, Asia, and the Americas. Sanlam is primarily engaged in the provision of financial services, including insurance, investment management, and wealth creation. It offers a wide range of products and services, such as life insurance, retirement planning, asset management, and financial advice. Sanlam is known for its strong brand presence and is recognized as one of the leading financial services groups in Africa.
6. MTN Group
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $11430 Millions
Stock symbol: MTN.JO
MTN Group is headquartered in Johannesburg, South Africa, and was founded in 1994. It operates in multiple countries, with a presence in 21 countries across Africa and the Middle East. The company’s main activities include providing mobile telecommunications services, digital solutions, and mobile money services. MTN Group offers a range of products and services such as voice and data services, mobile banking, and enterprise solutions.
7. Shoprite
Industry: retail
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $11350 Millions
Stock symbol: SHP.JO
Shoprite is a renowned retail company with its headquarters in Cape Town, South Africa. Founded in 1979, it operates in 15 countries across Africa, including Nigeria, Zambia, and Angola. Shoprite is primarily engaged in the sale of groceries, household products, and general merchandise. It offers a wide range of products and services, including fresh produce, bakery items, clothing, and pharmaceuticals. Shoprite is also associated with various brands such as Checkers, Usave, and OK Furniture.
8. Sibanye-Stillwater
Industry: mining
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $10830 Millions
Stock symbol: SBSW
Sibanye-Stillwater is headquartered in Johannesburg, South Africa and was founded in 2013. It operates in multiple countries, including South Africa, Zimbabwe, and the United States. The company’s main activities include mining and processing of precious metals, such as gold and platinum. Sibanye-Stillwater also provides various services related to mining, such as exploration and production. Some of its well-known brands include Sibanye-Stillwater and Sibanye Gold.
9. Bid Corp
Industry: food and beverage
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $9070 Millions
Stock symbol: BID.JO
Bid Corp is headquartered in Johannesburg, South Africa, and was founded in 1988. It operates in multiple countries, with a presence in over 30 countries worldwide. The company is primarily engaged in the foodservice industry, providing catering, food distribution, and related services. Bid Corp offers a wide range of products and brands, catering to various sectors such as hospitality, healthcare, and education.
10. Telkom SA
Industry: telecommunications
Revenue (2023: Q1; 2022: Q2, Q3, Q4): $7740 Millions
Stock symbol: TKG.JO
Telkom SA is headquartered in Johannesburg, South Africa, and was founded in 1991. It operates in multiple countries, including South Africa, Kenya, Nigeria, and Tanzania. Telkom SA is primarily engaged in providing telecommunications services, including fixed-line and mobile telephony, internet services, and data solutions. It also offers various products and services such as broadband, cloud services, and managed network services.
More: A Study of the Economic System of South Africa
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