South Africa is a hub of cultures, languages and religions, and is one of the fastest growing economies of the world. South Africa is the second largest economy in Africa having a strong tourism industry. Here is a list of the top 10 South African companies in 2014 based on market values.
10) Shoprite Holdings
Market Value: $8.9 bn
Shoprite Holdings (founded in 1936) is headquartered in Brackenfell, Cape Town, South Africa and deals in the retail and fast food industry. Under the leadership of J.W. Basson as CEO, the company operates over 1,525 corporate and 377 franchise outlets spread in over 16 countries across Africa and the Indian Ocean Islands. It is ranked as the 94th largest retailer in the world by the Deloitte’s Global Powers of Retailing 2014. With around 96,035 employees and a revenue of around $10 bn in FY 2013, the company has a broad customer base which mirrors the demographic profile of the country and has more than 26 million customers shop at the supermarkets each month. The four segments it operates through are: Supermarkets RSA, Supermarkets Non-RSA, Furniture and other Operating segments. The primary business of the Shoprite Group of Companies is food retailing to consumers of all income levels. The Management's main goal is to provide all communities in Africa with food and household items in a first-world shopping environment, at the lowest possible prices.