These are the 12 biggest companies in South Africa

Fortune has this week reported that China has now reached parity with the United States, accounting for 129 companies on the 2019 Fortune Global 500 list, versus 121 from the US.

The top 500 list of companies is based on total revenues for their respective fiscal years.

The magazine’s latest data shows that three Chinese firms – Sinopec Group, China National Petroleum and State Grid – made it into the top 10, while six of the top 10 firms posting the fastest ranking growth came from China, including tech giants Alibaba and Tencent.

The Fortune 500 list follows an annual Global 2000 list, ranking the world’s largest public companies – including those from South Africa.

Standard Bank is the largest company in South Africa, ahead of Naspers and FirstRand, although it slipped down the overall ranking in 2019.

Absa Group, along with Nedbank and Old Mutual, feature on the 2019 list, having not been included in recent years, with the likes of MMI Holdings and Remgro slipping down, and off the list, from previous rankings of 1,559 and 1,808 respectively.

The biggest companies in South Africa (in US$bn)

2019 2018 Company Sales Profits Assets Market Value
415 376 Standard Bank Group 9.0 2.1 147.9 22.9
418 531 Naspers 6.9 13.5 35.8 111.3
445
470 FirstRand 7.6 2.3 110.0 27.2
530 509 Sasol 14.8 1.3 32.0 21.0
661 Absa Group 9.7 1.1 89.0 9.9
755 Nedbank 7.7 1.0 72.0 9.4
782 Old Mutual 8.2 1.1 60.7 8.3
818 702 Sanlam 5.8 0.88 55.9 12.4
936 1069 MTN Group 10.2 0.66 17.0 13.5
1764 1832 RMB Holdings 4.0 0.74 3.6 8.3
1881 1325 Shoprite Holdings 11.0 0.34 4.7 7.0
1981 1972 Bid Corp 9.4 0.25 4.4 7.2

In the latest top 500 list, Walmart continues to lead the way as it fights off the challenge of Amazon in the retail space.

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These are the 12 biggest companies in South Africa