As the global economy keeps growing, so are companies around the world; South African companies included. In the recent past we have witnessed South African companies rising to the occasion in competing with their counterparts from advanced economies. Some companies have seen their value grow steadily, thereby ranking as the most valued in South Africa. Market capitalization is the market value of a publicly traded company’s outstanding shares, which is equal to the share price multiplied by the number of shares outstanding.
Here are the top 10 most valuable companies in South Africa.
Rank | Company | Market cap |
1. | Prosus | $119.14 billion |
2. | Naspers | $62.26 billion |
3. | Financière Richemont | $28.00 billion |
4. | Anglo American | $22.62 billion |
5. | Anglo American Platinum | $13.05 billion |
6. | Firstrand | $12.55 billion |
7. | Vodacom Group | $12.48 billion |
8. | Standard Bank Group | $10.12 billion |
9. | AngloGold Ashanti | $8.76 billion |
10. | South32 | $8.36 billion |
