miners climb

Sonangol and Sasol show how Southern Africa was lifted by commodity bounce

in depth

This article is part of the dossier:

Wealth creators

By Nicholas Norbrook

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Posted on March 15, 2023 16:32

Of the top 100 hundred Southern African companies, 88 are from South Africa; an indication of the domination that Rainbow nation blue chips firms have over the region.

Angola comes next, featuring five companies – all from the extractive industries – in the top 100.

And it is the extractive industries that provide the heavyweights for this regional ranking; the global economic recovery of 2021-2022 has kept oil and mineral prices high, boosting moribund companies like Sonangol and Sasol.

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