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Top 500 African Champions 2023: a user’s guide to our annual ranking

Which are the best performing companies on the continent? Who, among the 1,200 largest African companies, have best withstood successive crises, ... from the Covid pandemic to the consequences of the war in Ukraine? In other words, who are our 2023 African champions?

Article 1/16 of "Wealth creators"

Little hope

South Africa: Economy dealt multiple blows as power crisis prevails

Fears abound over South Africa’s economic downturn as Standard and Poor’s (S&P) has lowered its credit ratings to ‘stable’ and forecasted ... a growth rate of a mere 1% – the lowest in almost three decades. A current account deficit was also reported for the first time in years in Africa’s most industrialised nation, which has been plagued with a chronic power crisis ravaging numerous sectors.

Multiple sectors

East Africa’s diversified economy helps mitigate headwinds

East Africa is more diversified than other regions on the continent, which helps it mitigate global headwinds. The seven East African companies ... with yearly revenues over $1bn sit across telecoms, logistics, manufacturing, and utilities.

Article 11/16 of "Wealth creators"

FALL FROM GRACE

Wave, Chipper Cash… how the collapse of Silicon Valley Bank could affect African tech

Several start-ups and investors focused on the continent have received financial support in recent years from Silicon Valley Bank, specialised ... in tech. After a run on its deposits, the bank was placed into emergency receivership by US authorities.

Business top stories

GLOBAL REACH

South Africa: MultiChoice locks in Africa top spot with NBCUniversal deal – media analyst Goldstuck

various consequences

Nigeria, Algeria, Gabon, DRC… Winners and losers in the oil price slump

Daily Bread

Premier Group may seek South Africa, Mozambique, UK acquisitions after JSE listing

GLOBAL REACH

South Africa: MultiChoice locks in Africa top spot with NBCUniversal deal – media analyst Goldstuck

various consequences

Nigeria, Algeria, Gabon, DRC… Winners and losers in the oil price slump

Daily Bread

Premier Group may seek South Africa, Mozambique, UK acquisitions after JSE listing

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Fertile Territory

Kanga Potash plans fertiliser partnership for Republic of Congo project, CEO says

Kanga Potash is in partnership talks with a fertiliser industry operator over its project in the Republic of Congo, CEO Achim Strauss tells The ... Africa Report.

LEFT OUT

Ghana, Nigeria, Zambia…Why food inflation is not slowing down in Africa

The global trend towards a slowdown in the rise in the prices of basic consumer goods is not yet clearly visible in Africa. We explain why. ...

Tough road

Mauritius struggles to reset its economy post Covid

With general elections just two years away, the government of Mauritius Prime Minister Pravind Jugnauth has its work cut out as it tries to revive ... one of the African economies worst hit by the Covid-19 pandemic while delivering on a slew of costly promises, including a substantial increase in old-age pensions.

racism?

Nigeria: Seplat confident it can weather storm after CEO’s papers revoked

Nigerian oil and gas group Seplat has come out fighting after authorities revoked the visa, work and residence permits of CEO Roger Brown, arguing ... that improvements in corporate governance under Brown’s leadership are the real reason behind the dispute.

banking on strengths

Ghana: To weather the storm, we aim at sustainability even if not profitable – Sanlam’s Porbley

Since July 2022 when Ghana announced its IMF programme, the economy has taken a nosedive and businesses across sectors have been severely impacted. ... Developing a new sustainable business model is the only way to stay afloat, says Mabel Porbley, the managing director for Sanlam General Insurance in an interview with The Africa Report.

Rumour factory

Eskom’s debt takeover marred by CEO’s explosive allegations and ANC lawsuit

Announcements that South Africa's government will absorb a significant portion of Eskom's debt have been overshadowed by explosive allegations ... of criminality flourishing within Eskom, which CEO Andre de Ruyter claimed when he resigned abruptly on February 23.

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