South Africa dominates the list numerically, with more entries than any other country – but the first SA company features only at number 10. And, were it not for SA's precious metals, Nigeria would have claimed that title too.
Some companies are missing from the list, the British paper says, for reasons that include private companies refusing to make public their revenue figures. The survey required a chief executive or similar senior figure to certify revenue numbers. Every company had to have its headquarters in an African country, and its revenue growth had to be organic.
Of the 24 South African companies, seven are in the mining business, and four of those are in platinum: Northam Platinum, Royal Bafokeng Platinum, Anglo American Platinum, and Impala Platinum. Those mining companies, or their predecessors, are hardly modern startups, with roots going back more than a hundred years. Two other SA companies on the list are also of venerable years, Naspers and Sea Harvest .
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Source: BISouthAfrica - 🏆 34. / 51 Read more »