In DepthFrontlineCountry Profile: SOUTH AFRICA

Sun,20Apr2014

Posted on Friday, 12 November 2010 00:00

Country Profile: SOUTH AFRICA

This country profile was published in November 2010 in our annual 'Africa in 2011' issue. The next edition, 'Africa in 2012' will be on sale in November 2011.

Country Profile

Top South African Companies

Top South African Banks

AThe 2010 FIFA World Cup was a triumph for South Africa, showcasing an impressive capacity to organise one of the world’s biggest events with competence and flair. FIFA made its largest profit ever from a World Cup, but for South Africans, the party did not come cheap and the payback has begun. The cities that hosted the matches are now going all out to recoup the massive costs they incurred building new infrastructure and are determined to pursue tax arrears with zeal in 2011. ?


SATransnet transportation workers secured an 11% wage increase during the World Cup, as the government did not want a strike to ruin the event. Workers at energy para-statal Eskom enjoyed similar leverage and scored themselves a 9% deal. Other public-sector workers who went on strike in August ended up with 7.5%, 1.1% less than they wanted but still higher than the rate of inflation.


Many public-sector workers are unhappy with the settlement and accuse their leaders of selling out.? Aside from the money, the ostentatiousness of the politically connected elite is generating worker anger. The difference in wages between senior managers and other workers in the public sector has grown sharply in management’s favour in recent years.


This is almost certain to be one of the big political debates of 2011. ?Closely connected to this is the issue of black economic empowerment (BEE), which has distributed huge benefits in a highly unequal and untransparent manner. The South African Communist Party (SACP) now attacks BEE for distracting government attention away from the potential developmental benefits that it reckons the state could secure from private capital.


Recent mining deals have significantly enriched at least two members of President Jacob Zuma’s family, giving rise to a new term – Zuma economic empowerment (or ‘ZEE’). The president has called the criticism scurrilous, but it comes from, among others, the Congress of South African Trade Unions ?(Cosatu) and the African National Congress Youth League (ANCYL). They were once his closest allies and Zuma will need them if he hopes to secure a second term.


?Local elections are due to be held between March and June. Whatever the current squabbles between the ANC and its alliance partners, talk about the SACP going it alone or Cosatu creating a new party is unlikely to affect the three campaigning as a block, at least in the short term. It will be the usual clean sweep for the ANC in most provinces, though its control over Gauteng may weaken to the advantage of the opposition Democratic Alliance (DA).


The DA, led by Western Cape Premier Helen Zille, will further consolidate its hold on the Western Cape, boosted by the absorption of Patricia de Lille’s Independent Democrats. ?Popular perception that the ruling elite is uncaring and bling-obsessed has not translated into growing support for other opposition parties such as the breakaway Congress of the People (COPE), which has been damaged by squabbles between founders Mosiuoa Lekota and Mbhazima Shilowa over leadership of the party and the allocation of funds.


The new party did not manage to land a decent punch on the African National Congress (ANC) in the National Assembly throughout 2010. If it fails to resolve its leadership crisis before the local elections, it will be annihilated, to the ANC’s glee, particularly in the Eastern Cape where COPE has posted its best scores. ?President Zuma will try to keep the succession debate within the ANC to an absolute minimum.


A cabinet reshuffle in late October, ostensibly to improve service delivery, appeared more ­political than consequential. Zuma seems eager for a second term and intends, like Thabo Mbeki before him, to use the ANC tradition of deployment rather than campaigning to bolster his chances. And yet, just as the strategy did not work for Mbeki, it seems unlikely to do so for his successor either.


Many in the ANC, and particularly in the ANCYL, are determined to raise the succession issue, intending at the very least to secure ex-ANCYL president Fikile Mbalula, now sports minister, as the party’s secretary general in 2012. ?Media freedom will remain a hot topic throughout 2011, as the government and the ANC ponder how to follow through on the resolution made at the ANC’s 2007 Polokwane conference to create a media appeals tribunal. The move is supported by many in the ANC, including the president, who consider themselves to have been unfairly treated in the media and who are untroubled at the prospects for the country’s democratic reputation if party appointees are permitted to use a tribunal to muzzle and punish the press.


The proposed tribunal and a draft protection of information bill, which would drastically curtail media access to government documents, have galvanised the country’s liberal intelligentsia against those in power. Although it is talking tough, the government seems likely to give way on some of the issues in 2011. ?The economy is recovering slowly, with analysts forecasting that real GDP growth will rise from 3% in 2010 to 3.5% in 2011.


This will provide some relief, but the growth rate seems unlikely to have much positive impact on unemployment which remains stubbornly high at between 25% and 45%, depending on how it is calculated. In October the government adopted a growth plan intended to provide 5m jobs in 10 years but it was unclear where these were to be created. ?Consumer demand is now rising and has already started to boost manufacturing.


SA2The strong rand keeps manufacturing inputs cheap but exports more expensive. Hiring is up in the sector, but not dramatically so, and certainly not enough to absorb new entrants into the job market. ?Agricultural output in 2010 was excellent, despite much doom-mongering, and there is a good prospect of strong harvests in 2011, too.


The impact of agricultural growth will almost certainly be compounded by firmer international grain prices. Higher prices will make it harder for South Africa’s neighbours to buy much of its crop, but China is keen to absorb the excess. This will work well for South African farmers but could create political tensions in the region, which may necessitate the setting aside of some surplus crops for regional consumption, possibly via the Southern Africa Development Community. ?


Average inflation may trend slightly upwards in 2011 to over 5%, but will be contained by the continued strength of the rand against major currencies. Low global interest rates make South Africa’s base lending rate of 6% stand out and encourage the inflow of money. ?The Reserve Bank may cut lending rates by 1% during 2011 but will be wary of going further for fear of stoking South Africans’ appetite for credit. A rate cut may dent the rand’s value against major currencies, but probably not by much, and the currency is likely to finish 2011 at much the same exchange rates as when the year began.


The Nationalisation debate continues

Prices for South Africa’s main mineral exports will probably rise in 2011. Platinum will benefit from a mild increase in global vehicle sales, and gold will continue to interest those looking to hedge against continued quantitative easing by European and US central banks. ?Platinum output should rise next year as Anglo Plats and other producers seek to take advantage of the firmer price, but gold output looks set to fall once more.


South Africa was once the world’s largest gold producer but now is only its fourth, with a growing number of sites either depleted or nearly so. Meanwhile, the African National Congress Youth League (ANCYL) has forced the issue of nationalisation of the mining sector onto the ruling party’s policy agenda. Dissenters, in addition to the mining industry and the mainstream business media, include President Jacob Zuma, minerals minister Susan Shabangu and, remarkably, the South African Communist Party.


?The ANCYL has committed itself to backing only candidates who support nationalisation, which will put pressure on Zuma to shift his stance.? The government has agreed to review the legislative framework next year but may be forced to go further, into a full strategic review – if only to appease the ANCYL without giving any policy ground


South Africa’s Top Companies


Rank 2010
The Afrique report
TOP 500 companies the africa report
Rank 2009
TOP 500 companies
The Afrique report
Company name

Country

Sector

TOP 500 companies egypt
Turnover (Thds $)
TOP 500 companies tunisia
Turnover change
Net profits

3 3 SASOLSOUTH AFRICA CHEMICALS 18 583 050 35,10% 1
4 4 THE BIDVEST GROUPSOUTH AFRICA RETAIL 15 157 520 29,58% 392
5 5 MTN GROUPSOUTH AFRICA TELECOMS 15 092 695 39,34% 2
6 11 ESKOMSOUTH AFRICA ELECTRICITY 9 600 397 68,82% 488
7 62 SANLAMSOUTH AFRICA INSURANCE 8 179 664 293,01% 685
8 17 SHOPRITE HOLDINGSSOUTH AFRICA RETAIL 7 997 328 58,85% 269
9 10 VODACOM GROUPSOUTH AFRICA TELECOMS 7 891 689 35,35% 566
10 14 PICK'N PAY STORES HOLDINGSSOUTH AFRICA RETAIL 7 379 305 39,32% 160
11 8 IMPERIAL HOLDINGSSOUTH AFRICA DIVERSIFIED 7 318 434 23,86% 204
12 18 VODACOM SOUTH AFRICASOUTH AFRICA TELECOMS 6 799 107 35,53% 0
13 20 STEINHOFF INTERNATIONAL HOLDINGSSOUTH AFRICA DIVERSIFIED 6 476 753 36,09% 505
14 22 MASSMART HOLDINGSSOUTH AFRICA RETAIL 5 814 611 37,78% 163
15 19 BARLOWORLDSOUTH AFRICA DIVERSIFIED 5 693 718 15,08% 99
16 9 SAPPISOUTH AFRICA PAPER 5 369 000 -8,43% -177
17 27 TELKOMSOUTH AFRICA TELECOMS 5 164 010 34,16% 508
19 13 ANGLO PLATINUM CORP.SOUTH AFRICA MINING 4 981 195 -7,12% 421
20 31 TRANSNETSOUTH AFRICA TRANSPORT 4 800 940 35,28% 412
22 37 AVENGSOUTH AFRICA DIVERSIFIED 4 553 101 45,49% 281
23 39 MURRAY & ROBERTS HOLDINGSSOUTH AFRICA CONSTRUCTION 4 551 847 54,44% 315
25 33 MTN SOUTH AFRICASOUTH AFRICA TELECOMS 4 469 148 30,33% 0
26 40 SPAR GROUPSOUTH AFRICA RETAIL 4 348 781 53,92% 100
28 32 SAB MILLER SOUTH AFRICASOUTH AFRICA BEVERAGES 4 214 000 21,69% 0
29 36 ANGLOGOLD ASHANTISOUTH AFRICA MINING 4 145 041 31,77% -372
30 46 GOLD FIELDSSOUTH AFRICA MINING 3 921 496 61,32% 207
32 7 DE BEERS CONSOLIDATED MINESSOUTH AFRICA MINING 3 840 000 -44,25% -743
34 58 NASPERSSOUTH AFRICA MEDIA 3 774 690 74,13% 532
35 24 DATATECSOUTH AFRICA ICT 3 738 026 -10,82% 29
36 30 GRINDRODSOUTH AFRICA SEA TRANSPORT 3 733 441 4,75% 126
37 25 IMPALA PLATINUM HOLDINGSSOUTH AFRICA MINING 3 521 633 -11,39% 811
38 23 ARCELOR MITTAL SOUTH AFRICASOUTH AFRICA METAL, STEEL 3 451 122 -18,16% -64
40 41 SOUTH AFRICAN AIRWAYSSOUTH AFRICA AIR TRANSPORT 3 420 977 22,65% 51
42 43 EDGARS CONSOLIDATED STORESSOUTH AFRICA RETAIL 3 353 782 25,99% -142
43 54 KUMBA RESOURCESSOUTH AFRICA MINING 3 155 867 39,85% 940
44 52 NETWORK HEALTHCARE HOLDINGSSOUTH AFRICA HEALTH 3 132 138 36,40% 236
45 51 OLD MUTUAL LIFE ASSURANCE CO.SOUTH AFRICA INSURANCE 3 113 129 35,48% 725
47 37 ALLIED ELECTRONICS CORP.SOUTH AFRICA ELECTRICAL EQUIPMENT 3 011 340 15,08% 73
48 50 LIBERTY GROUPSOUTH AFRICA INSURANCE 2 965 770 26,11% 31
49 59 WOOLWORTHS HOLDINGS (WHL)SOUTH AFRICA RETAIL 2 955 564 39,42% 169
51 60 TIGER BRANDSSOUTH AFRICA AGRIBUSINESS 2 754 427 31,09% 335
52 66 NAMPAKSOUTH AFRICA PACKAGING 2 640 531 35,41% 27
55 74 MEDI CLINIC CORP.SOUTH AFRICA HEALTH 2 310 950 33,78% 142
57 65 MC CARTHY RETAILSOUTH AFRICA AUTO DEALER 2 219 676 13,57% 0
59 80 PIONEER FOODS GROUPSOUTH AFRICA AGRIBUSINESS 2 195 397 39,61% 75
60 85 MASSCASHSOUTH AFRICA RETAIL 2 051 381 42,66% 0
61 84 EXXARO RESOURCESSOUTH AFRICA MINING 2 023 513 38,36% 137
62 101 WILSON BAYLY HOLMES - OVCONSOUTH AFRICA CONSTRUCTION 1 991 131 74,77% 129
69 89 JD GROUPSOUTH AFRICA RETAIL 1 742 144 30,77% 10
70 94 SANTAMSOUTH AFRICA INSURANCE 1 738 369 40,44% 150
71 97 NEW CLICKS HOLDINGSSOUTH AFRICA RETAIL 1 719 522 44,27% 63
75 134 HOSKEN CONSOLIDATED INVESTMENTSSOUTH AFRICA DIVERSIFIED 1 636 266 92,17% 179
77 122 GROUP FIVE HOLDINGSSOUTH AFRICA CONSTRUCTION 1 630 006 73,36% 72
79 96 REMGROSOUTH AFRICA DIVERSIFIED 1 597 482 32,00% 426
80 117 HARMONY GOLD MINING CO.SOUTH AFRICA MINING 1 549 891 59,28% 394
84 106 MASSDISCOUNTERSSOUTH AFRICA RETAIL 1 510 793 37,41% 87
85 142 MONDI GROUP SOUTH AFRICASOUTH AFRICA PAPER 1 501 490 81,66% -10
86 151 TONGAAT-HULETT GROUPSOUTH AFRICA AGRIBUSINESS 1 501 356 99,98% 408
87 108 MASSWAREHOUSESOUTH AFRICA RETAIL 1 496 826 40,22% 0
88 114 DISTELL GROUPSOUTH AFRICA BEVERAGES 1 464 648 47,33% 128
89 81 AECISOUTH AFRICA CHEMICALS 1 443 787 -4,70% 56
90 99 REUNERTSOUTH AFRICA ELECTRICAL EQUIPMENT 1 384 709 20,01% 158
91 107 METROPOLITAN LIFESOUTH AFRICA INSURANCE 1 380 557 25,59% 154
92 87 AFRICAN RAINBOW MINERALSSOUTH AFRICA MINING 1 360 873 -0,29% 386
93 125 GRINAKER - LTASOUTH AFRICA CONSTRUCTION 1 325 415 42,84% 0
95 124 MR PRICE GROUPSOUTH AFRICA RETAIL 1 303 477 39,30% 90
96 90 SUPER GROUPSOUTH AFRICA AUTOMOBILE 1 247 622 -4,87% -182
97 118 ALLIED TECHNOLOGIESSOUTH AFRICA ELECTRICAL EQUIPMENT 1 240 344 28,11% 70
101 132 ASTRAL FOODSSOUTH AFRICA AGRIBUSINESS 1 190 951 37,74% 46
102 98 OMNIA HOLDINGSSOUTH AFRICA CHEMICALS 1 190 056 1,38% 7
103 119 ASSORESOUTH AFRICA MINING 1 188 931 22,87% 437
104 105 AFGRISOUTH AFRICA AGRIBUSINESS 1 183 777 5,93% 47
107 109 FOSCHINISOUTH AFRICA RETAIL 1 160 153 9,93% 146
109 127 ILLOVO SUGARSOUTH AFRICA AGRIBUSINESS 1 141 642 25,63% 89
110 210 ASPEN PHARMACARE HOLDINGSSOUTH AFRICA PHARMACEUTICALS 1 125 787 118,30% 180
112 78 PETROSASOUTH AFRICA PETROLEUM 1 090 716 ND -65
113 146 SUN INTERNATIONALSOUTH AFRICA TOURISM 1 084 088 34,70% 67
115 - LIFE HEALTHCARE GROUPSOUTH AFRICA INSURANCE 1 069 078 ND 150
116 449 EQSTRA HOLDINGSSOUTH AFRICA AUTO DEALER 1 063 595 478,24% 6
117 56 LONMINSOUTH AFRICA MINING 1 062 000 -52,40% -323
123 158 ANGLOVAAL INDUSTRIESSOUTH AFRICA AGRIBUSINESS 1 006 081 42,97% 68
124 150 NATIONAL PORTS AUTHORITYSOUTH AFRICA SEA TRANSPORT 1 005 892 33,91% 0
126 170 STEFANUTTI & BRESSANSOUTH AFRICA DIVERSIFIED 992 952 48,79% 51
130 192 TRUWORTHS INTERNATIONALSOUTH AFRICA RETAIL 945 627 58,39% 194
132 156 RAINBOW CHICKENSOUTH AFRICA AGRIBUSINESS 937 375 30,26% 47
133 144 MUTUAL & FEDERAL INSURANCESOUTH AFRICA INSURANCE 926 753 14,38% 0
134 172 PRETORIA PORTLAND CEMENT CO.SOUTH AFRICA CONST. MATERIALS 914 484 38,54% 138
137 130 CHEMICAL SERVICESSOUTH AFRICA CHEMICALS 879 566 -1,29% 65
138 162 CMH GROUPSOUTH AFRICA AUTO DEALER 877 344 26,17% 7
141 188 CLOVER HOLDINGSSOUTH AFRICA AGRIBUSINESS 844 327 39,34% 72
143 141 MONDI SHANDUKA NEWSPRINT*SOUTH AFRICA MEDIA 835 005 ND 0
149 191 MASSBUILDSOUTH AFRICA CONSTRUCTION 755 612 26,30% 0
151 260 MURRAY & ROBERTS CONSTRUCTIONSOUTH AFRICA CONSTRUCTION 752 161 92,42% 19
154 227 BUSINESS CONNEXION GROUPSOUTH AFRICA ICT 740 988 57,81% 14
159 169 MONDI PACKAGING SOUTH AFRICASOUTH AFRICA PACKAGING 713 121 6,84% 0
160 220 PALABORA MINING CO.SOUTH AFRICA MINING 712 372 46,44% 38
162 232 DISCOVERY HEALTHSOUTH AFRICA INSURANCE 699 177 54,15% 165
164 241 CASHBUILDSOUTH AFRICA CONST. MATERIALS 682 977 59,87% 23
167 213 ADCORP HOLDINGSSOUTH AFRICA EDUCATION 680 889 33,24% 14
170 164 AURECON HERITAGE COMPANIESSOUTH AFRICA ENGINEERING 668 000 -3,24% 0
173 190 AFRICAN OXYGENSOUTH AFRICA CHEMICALS 646 462 7,99% 31
176 199 TRIDENT STEELSOUTH AFRICA METAL, STEEL 642 296 13,97% 0
177 211 AVUSASOUTH AFRICA MEDIA 635 272 23,34% 24
179 234 RAND WATERSOUTH AFRICA WATER 630 545 39,63% 80
180 276 BASIL READ HOLDINGSSOUTH AFRICA CONSTRUCTION 628 597 71,23% 36
182 237 RAUBEXSOUTH AFRICA CIV. ENGINEERING 617 864 40,49% 79
184 218 KAP INTERNATIONAL HOLDINGSSOUTH AFRICA DIVERSIFIED 615 345 26,06% -5
188 149 HULAMINSOUTH AFRICA METAL 606 634 -19,35% 12
191 194 SOUTH AFRICAN POST OFFICE*SOUTH AFRICA POSTAL SERVICES 588 981 ND 38
196 239 ZURICH INSURANCE CO. SOUTH AFRICASOUTH AFRICA INSURANCE 574 972 32,21% -24
197 136 HIGHVELD STEEL & VANADIUM CORP.SOUTH AFRICA METAL, STEEL 573 255 -32,36% 21
200 - ADCOCK INGRAMSOUTH AFRICA PHARMACEUTICALS 554 820 ND 106
201 253 LEWIS GROUPSOUTH AFRICA RETAIL 554 191 37,78% 79
205 229 CTP HOLDINGSSOUTH AFRICA MEDIA 543 073 18,37% 123
210 224 INVICTA HOLDINGSSOUTH AFRICA AUTOMOBILE 535 083 11,96% 49
211 245 DISTRIBUTION & WAREHOUSING NETWORKSOUTH AFRICA RETAIL 533 517 28,31% 15
213 219 ILIAD AFRICASOUTH AFRICA CONST. MATERIALS 528 563 8,50% 10
231 283 MUSTEKSOUTH AFRICA ICT 469 430 30,35% 7
233 304 MURRAY & ROBERTS CEMENTATIONSOUTH AFRICA CONST. MATERIALS 463 916 46,37% 28
237 236 METAIR INVESTMENTSSOUTH AFRICA AUTOMOBILE 450 576 2,02% 7
241 303 OCEANA GROUPSOUTH AFRICA AGRIBUSINESS 445 080 40,31% 29
248 311 GROWTHPOINT PROPERTIESSOUTH AFRICA REAL ESTATE 432 907 40,33% 0
251 248 NORTHAM PLATINUMSOUTH AFRICA MINING 429 542 4,62% 85
253 - CONCORSOUTH AFRICA CONSTRUCTION 425 492 ND 45
257 334 COMAIRSOUTH AFRICA AIR TRANSPORT 411 037 44,71% 9
259 - MOOLMANSSOUTH AFRICA MINING 406 617 ND 0
260 349 GIJIMA AST GROUPSOUTH AFRICA ICT 406 393 52,96% 14
267 330 ASTRAPAKSOUTH AFRICA PAPER 382 636 31,71% 17
270 352 PINNACLE TECHNOLOGY HOLDINGSSOUTH AFRICA ICT 382 042 44,86% 14
274 326 MERAFE RESOURCESSOUTH AFRICA MINING 374 975 27,61% 138
281 195 BELL EQUIPMENTSOUTH AFRICA AUTOMOBILE 363 899 -36,90% -35
288 250 SEARDEL INVESTMENT CORP.SOUTH AFRICA TEXTILES 348 769 -14,64% -27
293 348 PEERMONT GLOBALSOUTH AFRICA TOURISM 341 432 27,21% -28
294 273 MVELAPHANDA GROUPSOUTH AFRICA DIVERSIFIED 338 977 -9,34% 214
302 328 HUDACO INDUSTRIESSOUTH AFRICA AUTOMOBILE 326 306 11,68% 32
318 383 KELLY GROUPSOUTH AFRICA HUMAN RESOURCES 304 284 28,98% 7
321 453 COUNTRY BIRD HOLDINGSSOUTH AFRICA AGRIBUSINESS 301 862 69,14% 16
323 390 GOLD REEF CASINO RESORTSSOUTH AFRICA CASINOS 300 545 29,48% 48
344 434 VOX TELECOMSOUTH AFRICA TELECOMS 280 767 43,90% 8
355 479 SANYATI HOLDINGSSOUTH AFRICA CIV. ENGINEERING 269 258 65,17% 7
361 323 TRENCORSOUTH AFRICA SEA TRANSPORT 263 978 -10,89% 34
365 426 DRDGOLDSOUTH AFRICA MINING 257 606 26,13% 17
373 - ESORFRANKISOUTH AFRICA CIV. ENGINEERING 250 471 ND 26
379 - BUILDMAXSOUTH AFRICA CONST. MATERIALS 243 429 ND -135
403 281 METMARSOUTH AFRICA METAL, STEEL 227 119 -37,48% 21
405 478 FAMOUS BRANDSSOUTH AFRICA TOURISM 225 733 37,91% 25
427 480 PEREGRINE HOLDINGSSOUTH AFRICA FINANCE 208 282 27,89% 66
437 431 SANTOVA LOGISTICSSOUTH AFRICA TRANSPORT 201 336 1,08% 505
438 - UMGENI WATER-AMANZISOUTH AFRICA WATER 201 244 47,77% 71
445 424 ARGENT INDUSTRIALSOUTH AFRICA CONST. MATERIALS 197 443 -4,13% 1
448 422 NU WORLD HOLDINGSSOUTH AFRICA TRANSPORT 194 559 -6,13% 3
449 498 CERAMIC INDUSTRIESSOUTH AFRICA CONST. MATERIALS 194 167 25,05% 12
450 - BSI STEELSOUTH AFRICA METAL, STEEL 193 746 ND 3
459 413 RECTRON HOLDINGSSOUTH AFRICA ICT 184 299 ND 8
474 465 ITALTILESOUTH AFRICA CONST. MATERIALS 175 670 1,70% 34
477 488 DATACENTRIX HOLDINGSSOUTH AFRICA ICT 174 023 8,84% 10
483 - CIPLA MEDPROSOUTH AFRICA PHARMACEUTICALS 170 151 61,88% 21
485 - EOH HOLDINGSSOUTH AFRICA ICT 169 208 68,42% 10
487 - 1TIME HOLDINGSSOUTH AFRICA AIR TRANSPORT 168 668 52,11% 5
488 - UCS GROUPSOUTH AFRICA ICT 168 204 29,89% 3
489 - ELB GROUPSOUTH AFRICA CONSTRUCTION 167 961 48,66% 7
492 359 METOREXSOUTH AFRICA MINING 167 409 -35,02% -203

 

2009 RESULTS IN THOUSANDS OF DOLLARS - *IN ITALICS 2008 RESULTS - ND: NO DATA
 

Taken from the Top 500 Companies



 South Africa's Top Banks


Rank 2010
The Afrique report
TOP 500 companies the africa report
Rank 2009
TOP 500 companies
The Afrique report
Company name

Country

TOTAL ASSETS
TOP 500 companies egypt
NET EARNINGS
TOP 500 companies
CREDIT

TOP 500 companies tunisia
DEPOSITS

1 1 STANDARD BANK GROUPSOUTH AFRICA 180 631 836 4 222 023 97 257 665 103 615 641
2 2 STANDARD BANK OF SOUTH AFRICASOUTH AFRICA 112 873 326 2 898 630 70 874 874 70 110 040
3 3 ABSA GROUPSOUTH AFRICA 96 765 707 2 946 356 67 899 397 47 289 059
4 5 NEDBANK GROUPSOUTH AFRICA 76 942 178 2 198 375 60 709 581 63 278 441
5 4 FIRSTRAND BANKING GROUPSOUTH AFRICA 76 152 673 1 608 133 51 897 341 57 627 596
24 40 IMPERIAL BANKSOUTH AFRICA 7 504 034 274 098 6 801 773 6 752 730
29 42 DEVELOPMENT BANK OF SOUTHERN AFRICASOUTH AFRICA 6 086 303 219 913 - -
39 61 AFRICAN BANKSOUTH AFRICA 4 618 798 1 558 519 2 761 923 -
69 80 LAND AND AG. DEV. BANK OF SOUTH AFRICASOUTH AFRICA 2 269 529 91 236 1 600 646 89 201
73 77 CALYON CREDIT AGRICOLE CIB*SOUTH AFRICA 1 949 188 34 691 1 323 000 1 194 459
102 167 CAPITEC BANKSOUTH AFRICA 1 279 202 17 167 704 453 992 319
108 120 SOCIETE GENERALE SOUTH AFRICASOUTH AFRICA 1 238 610 13 636 1 205 555 1 177 003
121 117 INVESTEC GROUP SOUTH AFRICA*SOUTH AFRICA 1 073 827 6 233 106 -
140 154 MERCANTILE BANKSOUTH AFRICA 784 482 36 168 489 339 572 526
186 - SASFIN BANKSOUTH AFRICA 428 883 21 512 242 876 118 828

 

FIGURES FOR 2009. US$ THOUSANDS. *2008 FIGURES.

 

Taken from the Top 200 Banks


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