They are among the largest engineering companies in South Africa. Their chief services are GSM and internet services, with Visafone being a major subsidiary. In addition to this, it also had assets of USD 13.7 billion. They started in 1950 and today has more than 30,000 people working for it. Naspers is one of the premier internet groups in South Africa. It is a fully government-owned enterprise that serves customers globally. Telkom is also a major provider of ADSL retail and ISP services for corporates. Its 100% ownership is with the government of Ethiopia. Top 10 Richest Companies In The World (2020 Update) Joel Kuruye October 1, 2020 Over the past decades and centuries, some corporations and firms have through sheer diligence, hard work and enormous amount of resilience built their brands from the scratch up to the global center stages that they sit on today. It also has interests in mining, food & beverage and petroleum sectors. They are the largest cargo hauler in Africa. Africa’s Billionaires: Forbes ranks Africa’s wealthiest business people. As of now, they employ over 51,000 people, with revenues exceeding USD 10 billion. It runs with an employee strength of 17,500. The group’s net income was an estimated USD  1.8 billion. It was also the firm responsible for providing the country with internet access. Its network range spreads across Egypt, Guinea, Luxembourg, and Moldova, among other nations. In the same year, its revenues stood at R 21.40 billion, with assets worth R 14.20 billion. This stake had a price of R1.037 billion. Absa Group Limited was founded in 1991 and was formerly known as Barclays Africa Group Limited. This is a mining and engineering contractor. It is supported by several sister companies such as MIDOR Electricity and MIDWATER. As of 2018, the company recorded a turnover of R74.58 billion with an employee strength of almost 25,000. The Bidvest Group of South Africa is a distribution, foodservice and trading major. Dangote Cement ranks as one of the largest cement producers. It is a major player in African healthcare. The OCP Group started in the field of phosphate extraction and shipments in 1921. It also had a turnover of more than R110 billion in 2018. Each of these startups is getting a $38,000 funding and more in the form of support services. Also, it was the first multinational company in Egypt and is the core of the Orascom Group. The Soc. Some of the names under them include Makro, Game, and CBW. 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. Santam reported revenue of R 25,909 billion in 2016. The group is also a major provider of insurance services, contract centers, and new & used auto parts. They provide electricity and water for running MIDOR refineries. This separation and merger with Namakwa Sands & Eyesizwe Coal led to the birth of Exxaro in 2006. The company was founded in 1994 and it deals with internet services. Two Nigerians maintained the first and second positions, with only one woman making the top 10 list while businessmen make up the whole list of 10 richest people in Africa. The country has been investing a lot in the hydrocarbons, research and alternative energy sources, labor market, tourism and transport. The company began in 1992 with its head office in Lagos. Nassef Onsi Sawiris (born in 1961) is an Egyptian billionaire businessman, the youngest of Onsi Sawiris’ three sons (his brothers are Naguib and Samih). This firm is in the domain of asset management and insurance. All these services are provided in markets in Africa and beyond, including Europe and Asia. The company does not have any presence outside Africa yet. What sets it apart from the other companies in the region in its fight to end poverty in Tanzania. Until its acquisition in 2016, this was one of the top 5 brewing companies in the world. The firm started in 1918 and has since grown to become a leading provider of short-term insurance. What makes it the richest company in Africa is that it has stakes in the largest private companies in Africa. Engen has a presence in 17 nations and also exports to 30 other nations. They manufacture, prepare, import and distribute cement. In 2018, it had an R 45.73 billion turnover. The total capacity of these tanks stands around 1 million cubic meters. Safaricom has also been expanding in the sphere of cloud computing. They also bought Alliance Medical in 2016 for USD 727 million. This, along with its 2800+ employee strength, makes it one of the richest companies in Africa. The sales of STEG crossed USD1.6 billion in 2018. In 2006, Netcare had purchased a major stake in the General Healthcare Group of the UK. Apart from gold, it is also a major producer of Uranium oxide and silver. Apart from these, Netcare is also supporting 35 health-tech startups in Africa. Prophet Shepherd Bushiri is from Malawi in Southern Africa. Apart from furniture they also deal in home entertainment products and appliances. This is the story of Sanlam, which started 102 years ago dealing with just life insurance. This company works majorly in the public sector. 10 Richest Banks in Africa with the Largest Assets in 2020. With more than 137,00 people working for it, it also has its own Bidvest Bank. South Africa is an ideal country to investigate battery recycling, given the expertise from Sasol and the mines. In October 2016, it was acquired by AB InBev. In 2017, the annual turnover of this group stood at R31.9 billion. The firm is counted as among the most ‘Empowered Companies’ present on the Johannesburg Stock Exchange. With a USD 2.19 trillion GDP, the African economy has been showing signs of growth in the last two decades. Transnet Pipelines takes care of the pipeline assets, and Transnet Freight Rail is the freight rail division. From thereon, it has grown into a conglomerate with a variety of interests. Last is Transnet Engineering that deals in the service and maintenance of the rail equipment and engines. Apart from this, they are also Africa’s largest telecom company. Masscash is a wholesaler of liquor, personal care items, and food in South Africa. In its own words, Oando is a provider of integrated energy solutions. Their rail network has links to almost all nations that neighbour South Africa. Apart from its global presence, its turnover also makes the Liberty group among the richest company in Africa. The Spar Group started in 1932 and employed over 300 people in Africa and over 350,000 people worldwide. Its production of unrefined steel is around 113 million tons in a year. It also has a customer base that exceeds 5.6 million people across Morocco. Over 11,000 people work for these stores. Remgro Limited is a South African investment holding firm. Massmart is also the owner of several local brands. 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