The Financial Times and data company Statista have published their inaugural ranking of Africa’s fastest-growing companies, with several major South African firms included on the list.
The ranking was created through a complex procedure. Although the search was extensive, the list is not exhaustive as some companies did not want to make their figures public or did not participate for other reasons.
Statista identified thousands of companies in Africa as potential candidates for the ranking, through research in company databases and other public sources. These companies were invited to participate in the competition by post and email. The process required submitted revenue figures to be certified by the chief executive, chief financial officer or an executive committee member of the company.South Africa is the most represented country on the list , following Nigeria and Kenya . These are also the markets that have attracted the most venture capital and where unicorns and would-be unicorns have grown, the Financial Times said.
Precious metals group Northam Platinum was ranked as the fastest-growing company in South Africa , beating out financial services group Long4Life and fellow mining company Royal Bafokeng . South Africa’s largest company by market cap, Naspers, features 37th on the overall list.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
12 Farm attacks, 3 farm murders in South Africa - April 2022 - South Africa TodayDuring the month of April 2022, there were twelve farm attacks and three farm murders in South Africa
Read more »
Rich countries are finalising a deal to move South Africa away from coalAs they prepare for the next round of global climate talks in November, officials from rich countries are trying to pull together a series of multibillion-dollar packages to help poor countries phase out coal.
Read more »
The best time to trade in your car in South Africa: WesbankThe breakeven point is one of the most commonly overlooked factors in vehicle finance, and while it’s entirely possible to upgrade your car every few years without ever knowing the meaning of the term, a basic understanding of the concept could help you avoid financial trouble, said Lebogang Gaoaketse, head of marketing and communication at WesBank.
Read more »
13 of the cheapest cars you can buy in South Africa right nowAs fuel prices increase and monthly repayments remain constant, South Africans have ben led to consider affordability when buying a car.
Read more »
Zondo Commission helped South Africa see clearlyThe Zondo Commission provided a window through which the public can see into the dirty secrets of the ANC during its worst decade in power
Read more »
About 90 people go missing in SA a month, says Missing Children South AfricaThis comes as police in Bishop Lavis in Cape Town are searching for a two-month-old baby who was snatched from her pram at a retail store.
Read more »