Forbes has released its annual Global 2000 list, ranking the biggest companies across the world – including those from South Africa.
In its 2016 ranking, 13 South African companies again made the list, with some significant movements among the top-ranked businesses.
Forbes’ 2000 biggest companies listing is formulated by analyzing listed companies from across the world and ranking the top 2000 in four categories: sales, profits, assets and market value.
Each company is given a score based on where they place on each respective list, and the final top 2000 list is compiled based on a final, aggregated score.
Standard Bank has once again been ranked as South Africa’s biggest company, ranked 317th overall, up from 326th in 2015.
Standard Bank stands out among all South Africa for having the highest value in assets – $127.7 billion (R2 trillion) – far higher than its closest rival in that category, FirstRand, with $73.5 billion.
The bank also recorded the highest profits at $1.9 billion (R29.8 billion), but was outdone by two other companies in the remaining metrics.
Internet and media group Naspers has the highest market value by far at $60 billion (R940.6 billion), while RMB Holdings has the highest sales at $32 billion (R501.6 billion).
Only three companies cracked the top 500 (one fewer than in 2015), with the majority of South African companies dropping in the ranking from their place in 2015.
A big climber was Steinhoff International, which is now the second biggest company in South Africa (pushing Sasol to third) – while former number three, MTN, has dropped to fifth overall.
[Conversions done at 1 USD = 15.68 ZAR]
The biggest companies in South Africa
|Rank||Company||Sales (US$bn)||Profits (US$bn)||Assets (US$bn)||Market Value (US$bn)|
|317||Standard Bank Group||15.4||1.9||127.7||14.4|
Looking at the Global 2000, the ranking was once again led by Chinese banking group, ICBC.
The 2016 list features public companies from 63 countries that together account for $35 trillion in revenue, $2.4 trillion in profit, $162 trillion of assets, and have a combined market value of $44 trillion, Forbes said.
Across all four metrics, however, numbers are down from 2015, reflecting a global slowdown in growth and collapsing commodity prices.
Source: Business Tech