Naftal employs more than 30,000 people and runs 10,00 gas stations. Below is a list of young people who are the richest in South Africa: 1. Some of those are related to synthetic fuels, chemicals, and electricity. It was the result of a venture between Danish, Christian & Nielsen along with the National Steel Company Algeria. The country is among the largest oil producers of Africa. The Tongaat Hulett Group found in 1892 is into agriculture and agro-processing. These numbers are kept up by the fact that it is the sole producer and distributor of electricity and natural gas in Tunisia. The firm now has its presence across 18 countries globally. Brett and Mark Levy came together to start the Blue Label Telecom group in 2001. In 2018, its turnover was reported at around 36 billion Moroccan Dinars. Notify me of follow-up comments by email. It has since grown into a retail giant having 728 stores in just South Africa. However, its presence is not in Africa alone. It also has a presence in 38 other African nations. Top 10 Richest Forex Traders In South Africa… It last reported a turnover of over R18.32 billion. Sonatrach produces around 307 million ToE (Tonne of Oil equivalent) in a year. It is the employer for around 20,000 people. Sasol Ltd has its HQ in Sandton in South Africa. It is a public company with listing on the Johannesburg Stock Exchange. Office Cherifien des Phosphates (The The main task of this organization is importing and refining crude oil. The is the owner and managers of the major ports of South Africa. It was earlier known as M-Cell and was started in 1994. In the mining industry, this company is a supplier of explosives and other similar accessories. This conglomerate is the parent of more than 300 companies spread across multiple business lines. Besides, it is the largest mobile network operating company in Africa and the eighth in the world. As one of the best motivational speakers and keynote speakers alive today he has spoken in 4 of the 7 continents to over 250 000 people each year… It moved its headquarters to South Africa around 1998. Some of these include Managem (mining), AttijariWafa (bank) and Marjane the supermarket chain. The Harmony Gold Mining company is the 3rd largest gold mining firm in entire South Africa. This is due to its network of 510 pharmacies across Africa. In as much as most of them would not be compared with some of the well-financed banks in America and the United Kingdom, they can favorably stand at par with a lot of others. Their head office is known as the Safaricom House, which is present in Nairobi in Kenya. Almost 38% of the global platinum supply is from this company. Omnia Holdings, found in 1967, provides chemical products to various industries. This company started in 1990 and grew to a 45,000-employee organization. South Africa is the southernmost country in Africa.It is the 25th-largest country in the world … Its sugar refineries have a total capacity of 2,000,000 tons annually. For this, it has a partnership with the Founders Factory Area. Apart from these functions, it also takes care of the traffic and security. 39% of the stake is owned by the state, and the rest is privately owned. He is a Christian preacher, motivational speaker, author and … Netcare or Network Healthcare Holdings is one of the major health care firms in South Africa. 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. It also has customers in over 20 nations. As per the sales volumes, STEG is Tunisia’s largest firm. With a revenue of USD 4 billion in 2016, its presence as one of the richest companies in Africa is no surprise. Since then, it has grown to become a firm with a 12 million customer base. Liberty Global PLC or, simply the Liberty Group came into existence in 2013. He was brought up in the South African region of Soweto. Ethio Telecois Ethiopia’s major telecom company. With over 130,000 people on its payroll and revenues and revenues over EUR 12 billion, which makes this company in this list of richest companies in Africa is no secret. They are currently planning to expand into Ghana and Nigeria. However, over 80% of the firm’s business is cement production. The Bidvest Group is the employer of 130,877 employees. It is also expanding into short- & long-term rentals of cars. 10. Its customer base is above 25.7 million people. It is listed on the Johannesburg Stock Exchange. It had a turnover of RMB134.8 billion in 2018. Richest Women in South Africa 1. ArcelorMittal S.A is among the leading steel manufacturing firms in the world. Its products are sold both in domestic and international markets. More than 10,000 people work for Masscash. When a company is the largest producer of natural platinum globally, it could easily be the richest company in Africa. They offer several schemes in medical insurance to suit various consumer needs. One-third of this company’s revenue comes from Nigeria where it gains over 35% market shares. The Dangote Group has interests in Sugar, Cement, Flour, Packaging, Oil &Gas, and Salt, among other things. However, 1/3rd of its earnings are from Nigeria. The store has been considering expansions into many other nations in Africa too. This is located 60 kilometres from Tunis. South Africa has a total number of about 58 million residents which makes it the 24th most populous country in the world. Apart from cement, it also produces and distributes related products as well as different variants of cement. The bank has a presence in not just Africa but in Asia and Europe too. The company began in 1850, and it went public in 1997. Pioneer saw a sales number of R20.15 billion in 2018. MTN Group is a major telecom company in South Africa. ArcelorMittal had its command in South Africa and ranks among the largest mining and steel firms. Tunisienne de l’electricite et du Gaz. It was founded in 1936 with about 12,800 employees. From thereon, it has grown into a conglomerate with a variety of interests. SNI went public in 1994. Vusi Thembekwayo, Age: 27. It has since then grown into a company with an income of over USD 382 million. They have a presence not only in Africa but also in Asia and in many European countries. As of 2020, King Mohammed VI has an estimated net worth of $2 billion, making him the richest king in Africa. Both brands have a presence in 19 cities across the sub-Saharan Africa region. With these subsidiaries, its presence is across 10 African countries. This firm began in 1947, and it has a presence beyond Africa as well. Imperial Holdings started in 1946 with a focus on transport and distribution. The Fruitspot recently merged with Freshdeal. In terms of earnings, SABMiller was the 2nd largest brewer in the world. 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. A 2014 estimate put the number of retail stores under the JD group at 1,223. Its production of unrefined steel is around 113 million tons in a year. It also has operations in more than 33 countries. The sales of STEG crossed USD1.6 billion in 2018. Apart from this, it is also in the production of glass, metals, plastic and papas. South Africa is an ideal country to investigate battery recycling, given the expertise from Sasol and the mines. The Arab Contractors works in bridge construction and road building, among other things. The company does not have any presence outside Africa yet. Here is a carefully curated list. King Goodwill Zwelithini of Zulu South Africa - $19 million It is one of the top 40 companies that form the JSE or the Johannesburg Stock Exchange. This packaged goods manufacturer began in 1996, setting up the operations base in South Africa. He is the chairman of the Swiss-based luxury-goods company Richemont and the South Africa-based company Remgro. Vodacom is the major telecom provider in South Africa. Truworths International is one of the largest retail clothing chains in South Africa. Right now, its revenues stand at R18 billion. Its headquarters is currently in Braamfontein, South Africa. This company works majorly in the public sector. Dangote, Africa’s richest man, founded and chairs Dangote Cement, the continent’s largest cement producer. Also, it is worth noting that they reported a turnover of over R62 billion in 2017. The Distell Group is among South Africa’s most famous drink and food companies. He was born in 1983 and currently resides in South Africa. All these services are provided in markets in Africa and beyond, including Europe and Asia. As of 2018, Implats had revenue of R35.9 billion. FMN or the Flour Mills of Nigeria is an agribusiness firm from Nigeria. TOP 10 RICHEST BLACK MEN IN SOUTH AFRICA 2020 1. Sasol has a total revenue amount of $14.8 billion. Walmart has a majority stake in Massmart. Tag; Top 10 Richest Companies In South Africa 2020, Your email address will not be published. It has been around for 125 years, having formed in 1880. Its stocks are traded in several stock exchanges in the world. Prolog Projects is one of the main rivals of this group. Vodacom Group is a telecom company that has its roots in South Africa and serves the majority customer base. Remegro is the majority owner of the Distell group as well. They currently have more than 5,000 people working for them. They are ranked at number 8 globally in terms of mobile networks. The GDP of the cou… Oando PLC is one of the largest petroleum companies in South Africa. From there on, they have expanded into warehousing as well as synchronization management. Santam reported revenue of R 25,909 billion in 2016. This retail-led healthcare firm runs more than 800 stores in South Africa. The Bidvest Group of South Africa is a distribution, foodservice and trading major. Sonelgaz was started in 1969. At first, it was a 50-50 partnership between Vodafone and Telkom. It has a network of centers across 15 countries and thousands of stores. Massmart is also the owner of several local brands. His palace’s daily operating budget is estimated at $960,000. The country’s government owns most of the stake in this company. Their high-quality uranium and gold operations are across the Witwatersrand basin. The head office of Blue Label Telecoms is in Johannesburg. The company is made up of different businesses. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. John Fairbairn first started this company as a mutual insurance firm. This group was formed due to the merger of the Tongaat Sugar Company with Hulett’s Sugar. As one of the fastest-growing economies in the world, this number may just be exceeded! Next in the race to become the richest company in Africa is Murray and Roberts Holdings Ltd. The company has total revenue of $9.4 billion. This company initially started as just a family business and grew to be the largest food company in the continent. Naftal is a name commonly seen across Algeria. It has a net income of around R1.3 billion as of 2016. It is the employer of over 40,000 people. They also reported revenue of over USD 5 billion in 2015. Sonatrach is the richest company in Africa in the oil industry. With this Sibanye Stilwater is expected to boost its platinum and palladium production. And a large part of that credit would go to companies like the ones above. This firm owns 100% of the Life Healthcare Group. This is an electricity public-utility in South Africa. Unsurprisingly, this has led to many people wondering how much local celebrities make. However, its operations did not begin until April 8, 1946. It has its headquarters in Johannesburg, South Africa. Massdiscounters has 2 retail brands under it. Allied Electronics Corporation is a provider of electrical equipment based in South Africa. RCL also owns a 64.2% stake in Foodcorp, a South African packaged food firm. Over 45,000 people work for the Massdiscounters retail chain. Net Worth: R27.72 billion; Date of Birth: January 28th, 1962; Patrice Motsepe is the first and only black man among South Africa’s dollar billionaires. It has its HQ in Bedfordview in South Africa. This leading company in Africa also plays a major role in Tanzania’s growth. The Golden Penny Flour is among the chief brands owned by the FMN. Recently it also began retailing in beauty products. The Impala Mine in north-west Africa is one of its largest. The design capacity allows MIDOR to produce over 100,000 barrels a day. The main businesses of this group include auto sales, retail stores, food processing and manufacturing of glass. Besides, it is the largest corporate taxpayer in South Africa. MTN doesn’t operate in African countries alone but also in Asian and European countries. Apart from these, Netcare is also supporting 35 health-tech startups in Africa. SAPPI is a South Africa based pulp and paper company. This group is a provider of cable services in the Netherlands along with other content businesses. Their operations are both in and outside South Africa. Impala Platinum Holdings in South Africa is the owner of many companies that are in the production of platinum and other metals of its group. It was globally the 3rd largest gold producer. In the international community, African Banks are beginning to compete better in terms of capitalization. Masscash is a wholesaler of liquor, personal care items, and food in South Africa. Also, Netcare is the largest provider in the United Kingdom too. Standard Bank has total assets of over USD 142 billion as per last estimates. Located in the ‘City of Gold’ Johannesburg, Gold Fields Limited is a gold mining firm and one of the richest companies in Africa. Sonatel’s origin can be traced back to 1985. Royal Air Maroc or RAM is an air-transport firm in Morocco. Globally this is also the largest open-pit mines. Some of the main mineral materials in South Africa are high-quality gold, tin, diamond, platinum, coal, iron ore, and copper. Soc. Massmart Holdings Ltd is among the largest merchandise retailers in Africa. Remegro Limited also holds an indirect control over Distell through Capevin Holdings. Apart from South Africa, other countries where Sanlam operates are Namibia, Nigeria, Botswana, Malawi, Ghana, Uganda, Rwanda, India, Malaysia, and the United Kingdom. The total capacity of these tanks stands around 1 million cubic meters. It started in 1895 as South African Breweries and grew on to become one of the biggest brewery names in the world. South Africa is a country with a rich history and with multitudinous mineral materials. The firm posted an annual turnover of USD 1.3 billion last year. Bidvest is also into many other business lines. AECI is a provider of explosives and detonators to the diamond and gold mines in South Africa. Christoeffel Wiese was South Africa’s third richest man and the 5th richest man in Africa as of April 2015 with a net worth of $5.9 billion. Telkom has over 500,000 customers for its broadband services alone. They started in 1950 and today has more than 30,000 people working for it. This company offers its services to countries such as Nigeria, Ghana, Botswana, Uganda, Zambia, Kenya, and Mozambique. It is also a major player in the energy sector. It also has a customer base that exceeds 5.6 million people across Morocco. It runs with an employee strength of 17,500. It employs over 44,000 people in this retail chain. Some of the names under them include Makro, Game, and CBW. It is based in South Africa, with interests in field marketing as well as retail. The company was incorporated in the year 1991. This company works in the distribution of prepaid electronic value tokens and transaction servicing. It is a public company listed on the Johannesburg Stock Exchange. Standard Bank Group was founded on 15th October 1862. The Dangote Group is West Africa’s largest multi-industry company. Shoprite Holdings Limited is a public organization recorded on the Johannesburg Stock Exchange. He was crowned King in July 1999 after the passing away of his father, King Hassan II. The company has interests in services, agri-food, and retail. The company was originally founded in Germany. The country’s government owns 100% of Ethiopian Airlines. Although there are a lot of affluent companies and organizations in South Africa, the richest ones have been listed above. They manufacture, prepare, import and distribute cement. Although, during the apartheid period in South Africa, the economy encountered a little slow down which affected the South Africans then and also have few impacts on it till now. The airline has its head office at Addis Ababa in Ethiopia. Dangote Cement produces 44 million metric tons annually and plan to increase its output 33% by 2020. The company trades on Eoruxnet Paris as well as the Casablanca Stock Exchange. While the company is primarily based in South Africa, it has operations around the globe. The group also had its headquarters with Massmart in Sandton, South Africa. Kenya’s leading telecom provider is Safaricom. With over 15 million customers in just Algeria, Global Telecom Holding or GTH is a telecom giant. Last year (2019), they reported a revenue of approximately USD 3.6 billion. The Anglo America Corporation mutually holds Kumba Iron Ore with 3 more partners. Sonelgaz produces 29 billion kWh in a year and sells 4.6 billion cubic meters of gas. They were first listed on the Johannesburg Stock Exchange in May 2016. Sasol is listed on the stock exchanges of Johannesburg as well as New York. Net Worth: R1.6 Billion; The richest celebrity in South Africa is Charlize Theron and her richness has been known to stem from her filmography. Its turnover in 2018 stood at USD 2.1 billion. It is also where it has a market share of 35%. Nedbank has a total revenue amount of $7.7 billion. Makro is a leading retailer of appliances, gaming products, books, and electronics. It is also the owner of the biggest pharmacy chains. What makes Exxaro one of the richest companies in Africa is its innovation. Apart from petroleum, Naftal also deals in Butane, Diesel and Sirghaz oils. The largest supermarket retailer in Africa is ShopRite Holdings. However, that has become history as his current net worth stands at $5.9 bn. RCL Foods’ head office is in Durban, South Africa. It is aimed towards improving the living standards in the country. This makes it the richest company in Africa in this segment. This company is an integrated chemical and energy company. This construction major had a USD 1.5 billion revenue estimate in 2018. It is also in the process to acquire Lonmin. This firm is one of South Africa’s largest milling and customer goods brand. In the agriculture field, it provides fertilizers and helps in the development of farmers. Its first wheat mill plant was set up in Nigeria in 1962. Massmart owns this company, now a part of Walmart International. Aspen had a revenue of over R 42 billion in 2018. These are Oando Trading and Oando Energy Resources. It is worth noting here that while it has stores outside South Africa in Australia and New Zealand, it has no association with the Australian supermarket chain Woolworths. Simply known as the National Investment Company, SNI is a private holding company based in Morocco. This group employs more than 146,000 people. Masswarehouse’s latest revenue estimates put the figure at over USD 1.9 billion. List fo the richest companies in South Africa presently. Moreover, the Bidvest Group serves only in African countries. All of this incorporates several business lines and products. The company also deals with international freight management and works in several industries. If anybody tells you that forex trading is not real, then show them this article as proof that it is. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. It is also among the largest banking groups of sub-Saharan Africa. Not only is it listed on South Africa’s securities exchange, but it is also a part of the London Stock Exchange and its FTSE 250 Index. The annual sales of Nampak in 2018 were close to R17.3 billion. Apart from this, the Foschini Group also bought Phase Eight, a major chain in the United Kingdom. It also has interests in mining, food & beverage and petroleum sectors. Africa has over 140,000 millionaires and a steady growth rate. It now provides services in areas like car rentals, motor vehicle dealerships, logistics, and industrial equipment. In return for this, both the partners are picking up a 5-10% stake in the startups. Irene Charnley Net Worth: $151 Million; Industry: Telecoms. Top 10 Richest Men In South Africa 2020. The company also gives back to the community by providing South African youths a platform to showcase their ideas and supports them in the implementation of those ideas. It is also among the largest gold producers in the world. It has under it around 2,200 km of Senegal’s fibre cables. Imperial Holdings is one of the most renowned logistics company all through the supply chain. This is a mining and engineering contractor. When OC first started, it was the owner of several cement plants in Africa and abroad. It seems that this family has done well for themselves. Apart from this, it is also ranked at number 9 in the world in terms of its sales. What makes it the richest company in Africa is that it has stakes in the largest private companies in Africa. Its mining operations are around South Africa only. Transnet Pipelines takes care of the pipeline assets, and Transnet Freight Rail is the freight rail division. Outside Africa, Gold Fields owns 4 mines in Australia as well. It has interests in various fields, including renewable energy, banking, and food industry. It works more than 2,934 outlets in 15 nations across Africa and the Indian Ocean Islands. Their presence is across Africa, Australia, and Europe. 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