In a landmark showcase of South African corporate strength, five national companies have secured positions in Africa's top 10 most valuable firms, with Eskom and Sasol claiming fourth and fifth spots, respectively.
Bid Corp came in at number seven, followed by MTN at number eight and Shoprite at number 10. Vodacom , the country’s biggest cellular network, was ranked at number eleven. of nearly 25% over two years, the activity of all the companies in the ranking has stabilised, with total revenues amounting to $736.8 billion, marking a 3.1% decline compared to the 2024 edition.
“This edition highlights the impact of macroeconomic turbulence on large African companies. Currency devaluations in Egypt and Nigeria have particularly affected the performance of local firms, reducing their revenues when expressed in US dollars. Energy remained the leading sector in the ranking, accounting for 28% of total revenues, with Sonatrach at the top, followed by NNPC .
“The ranking is based on a detailed analysis of nearly 1,300 African companies, assessing their financial performance based on their revenues for the 2023 fiscal year. Data is sourced from Social and verified records, then converted into U.S. dollars at the effective exchange rate at the end of each fiscal year.”
South Africa Jeune Afrique The Africa Report Ben Yahmed U S Nigeria Bid Corp Eskom Sasol Mtn Shoprite Vodacom 500 African Champions Anglo American Platinum Egypt Nnpc Algeria Sonatrach Ocp Unlocking Africa Social Jeune Afrique Media Group Africa Ceo Forum Abidjan Ethiopian Airlines South African Airways Royal Air Maroc
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