{"id":55457,"date":"2014-04-09T00:05:36","date_gmt":"2014-04-08T22:05:36","guid":{"rendered":"http:\/\/businesstech.co.za\/news\/?p=55457"},"modified":"2014-04-09T08:51:41","modified_gmt":"2014-04-09T06:51:41","slug":"these-companies-are-richer-than-south-africa","status":"publish","type":"post","link":"https:\/\/businesstech.co.za\/news\/trending\/55457\/these-companies-are-richer-than-south-africa\/","title":{"rendered":"These companies are richer than South Africa"},"content":{"rendered":"

Tech and Internet giants, Apple, Google, Microsoft and Cisco have more cash on hand than most countries in the world, including South Africa.<\/p>\n

This is according to data compiled by American banking group, US Trust, which shows that, with cash reserves sitting at $159 billion, Apple has more cash at its disposal than countries like the US, Malaysia, Turkey, Poland and the UK (excluding gold reserves).<\/p>\n

Microsoft’s cash reserves ($84 billion) place it high above most countries as well, with Google ($59 billion), Verizon ($54 billion) and Cisco ($47 billion) all having deeper pockets than South Africa, which has cash reserves of $42 billion.<\/p>\n

“Amid a world of uncertainty, one thing is without question: Most U.S. corporations have plenty of capital at their disposal,” said U.S. Trust’s Joseph Quinlan told Business Insider<\/a>.<\/p>\n

According to findings by Moody’s, the top five company cash kings are Apple, Microsoft, Google, Verizon and Pfizer.<\/p>\n

“These five companies have $404 billion, or 25%, the total non-financial corporate cash balances, up from $347 billion, or 24%, for the top five in 2012,” the research group said.<\/p>\n

Apple accounted for $159 billion, or 9.7%, of total corporate cash in 2013, up from $137 billion, or 9.5%, in 2012.<\/p>\n

“The company’s $159 billion is more than the aggregate cash of every industry sector except technology and healthcare\/pharmaceuticals,” Moody’s said.<\/p>\n

Top company\/country cash reserves (excluding gold)<\/h3>\n
\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n\n
#<\/strong><\/td>\nCountry\/Company<\/span><\/strong><\/td>\nCash reserves (US$ billions)
\n<\/strong><\/td>\n<\/tr>\n
1<\/span><\/td>\nApple<\/span><\/td>\n159<\/span><\/td>\n<\/tr>\n
2<\/td>\nMalaysia<\/td>\n130<\/td>\n<\/tr>\n
3<\/td>\nTurkey<\/td>\n109<\/td>\n<\/tr>\n
4<\/td>\nPoland<\/td>\n99<\/td>\n<\/tr>\n
5<\/td>\nIndonesia<\/td>\n93<\/td>\n<\/tr>\n
6<\/span><\/td>\nMicrosoft<\/span><\/td>\n84<\/span><\/td>\n<\/tr>\n
7<\/td>\nDenmark<\/td>\n82<\/td>\n<\/tr>\n
8<\/td>\nIsrael<\/td>\n80<\/td>\n<\/tr>\n
9<\/td>\nIraq<\/td>\n74<\/td>\n<\/tr>\n
10<\/td>\nPhilippines<\/td>\n74<\/td>\n<\/tr>\n
11<\/td>\nUK<\/td>\n70<\/td>\n<\/tr>\n
12<\/td>\nUAE<\/td>\n67<\/td>\n<\/tr>\n
13<\/td>\nPeru<\/td>\n63<\/td>\n<\/tr>\n
14<\/span><\/td>\nGoogle<\/span><\/td>\n59<\/span><\/td>\n<\/tr>\n
15<\/td>\nCanada<\/td>\n58<\/td>\n<\/tr>\n
16<\/td>\nSweden<\/td>\n55<\/td>\n<\/tr>\n
17<\/td>\nNorway<\/td>\n55<\/td>\n<\/tr>\n
18<\/span><\/td>\nVerizon<\/span><\/td>\n54<\/span><\/td>\n<\/tr>\n
19<\/td>\nCzech Republic<\/td>\n54<\/td>\n<\/tr>\n
20<\/span><\/td>\nPfizer<\/span><\/td>\n49<\/span><\/td>\n<\/tr>\n
21<\/td>\nU.S.<\/td>\n48<\/td>\n<\/tr>\n
22<\/span><\/td>\nCisco<\/span><\/td>\n47<\/span><\/td>\n<\/tr>\n
23<\/td>\nHungary<\/td>\n46<\/td>\n<\/tr>\n
24<\/td>\nRomania<\/td>\n45<\/td>\n<\/tr>\n
25<\/td>\nAustralia<\/td>\n43<\/td>\n<\/tr>\n
26<\/strong><\/span><\/td>\nSouth Africa<\/strong><\/span><\/td>\n42<\/strong><\/span><\/td>\n<\/tr>\n
27<\/td>\nColumbia<\/td>\n41<\/td>\n<\/tr>\n
28<\/td>\nQatar<\/td>\n41<\/td>\n<\/tr>\n
29<\/td>\nChile<\/td>\n39<\/td>\n<\/tr>\n
30<\/td>\nGermany<\/td>\n39<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/div>\n

IMF, Moody’s, US Trust data. Gold reserves not included.<\/small><\/p>\n

\"Company,<\/a>

Company, Country cash reserves (via Business Insider)<\/p><\/div>\n

More on South Africa<\/h3>\n

South Africa to lose African crown<\/a><\/strong><\/p>\n

Nigeria on the cusp of broadband greatness<\/a><\/strong><\/p>\n

How the Internet can bring R3.1 trillion to Africa<\/a><\/strong><\/p>\n

Surge in Africa\u2019s wealthy<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"

Some of the world’s biggest tech and Internet giants have more cash on hand than most countries in the world, including South Africa.<\/p>\n","protected":false},"author":10,"featured_media":54010,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[51,53,26,169],"class_list":["post-55457","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-trending","tag-apple","tag-google","tag-headline","tag-microsoft"],"_links":{"self":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/55457","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/comments?post=55457"}],"version-history":[{"count":5,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/55457\/revisions"}],"predecessor-version":[{"id":55517,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/posts\/55457\/revisions\/55517"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media\/54010"}],"wp:attachment":[{"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/media?parent=55457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/categories?post=55457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/businesstech.co.za\/news\/wp-json\/wp\/v2\/tags?post=55457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}