As of March 8, 2024, Delta Corporation Limited is the most valuable company in Africa, with a market cap of $32.49 billion. Following it are Naspers Limited ($28.57 billion) and Firstrand Limited ($19.67 billion). Africa’s top five most valuable companies include some of the world’s most renowned brands: Standard Bank Group Limited (No. 4, $17.78 billion) and GOLD FIELDS LIMITED (No. 5, $13.57 billion).
Overall, among Africa’s top 10 largest companies by market capitalization, the sixth, seventh, eighth, ninth, and tenth positions are held by Capitec Bank Holdings Limited, VODACOM GROUP LIMITED, ATTIJARIWAFA BANK SA, ANGLO AMERICAN PLATINUM LIMITED, and KUMBA IRON ORE LIMITED.
Which one is the most valuable in Africa by market cap?
This list comprises the biggest companies currently in Africa by market cap in 2024:
Africa’s Largest Companies by market capitalization, 2024
| RANK | COMPANY | MARKET CAPITAL (USD DOLLAR) | CEO |
|---|---|---|---|
| 1 | DELTA CORPORATION LIMITED | $32.49 billion | Matlhogonolo Mothibedi Valela |
| 2 | NASPERS LIMITED | $28.57 billion | Ervin Tu |
| 3 | FIRSTRAND LIMITED | $19.67 billion | Alan Patrick Pullinger |
| 4 | STANDARD BANK GROUP LIMITED | $17.78 billion | Simpiwe Kenneth Tshabalala AMP |
| 5 | GOLD FIELDS LIMITED | $13.57 billion | Michael John Fraser |
| 6 | CAPITEC BANK HOLDINGS LIMITED | $12.73 billion | Gerhardus Metselaar Fourie |
| 7 | VODACOM GROUP LIMITED | $10.12 billion | Mohamed Shameel Aziz Joosub |
| 8 | ATTIJARIWAFA BANK SA | $10.03 billion | Mohamed El Kettani |
| 9 | ANGLO AMERICAN PLATINUM LIMITED | $9.9 billion | Craig W. Miller |
| 10 | KUMBA IRON ORE LIMITED | $9.16 billion | Bothwell Anesu Mazarura |
| 11 | ITISSALAT AL-MAGHRIB (IAM) S.A. | $9.06 billion | Abdeslam Ahizoune |
| 12 | SANLAM LIMITED | $8.51 billion | Paul Brendan Hanratty |
| 13 | MTN GROUP LIMITED | $8.28 billion | Ralph Tendai Mupita |
| 14 | BID CORPORATION LIMITED | $8.2 billion | Bernard Larry Berson |
| 15 | SHOPRITE HOLDINGS LTD | $7.81 billion | Pieter C. Engelbrecht |
| 16 | ABSA GROUP LIMITED | $7.76 billion | Arrie Rautenbach |
| 17 | DANGOTE CEMENT PLC | $7.23 billion | Michel Puchercos |
| 18 | BANQUE CENTRALE POPULAIRE | $6.09 billion | Mohamed Karim Mounir |
| 19 | INVESTEC GROUP | $5.8 billion | Fani Titi |
| 20 | AFRICAN EXPORT-IMPORT BANK | $5.68 billion | Benedict O. Oramah |
| 21 | NEDBANK GROUP LIMITED | $5.54 billion | Michael William Thomas Brown |
| 22 | ECOCASH HOLDINGS ZIMBABWE LIMITED | $5 billion | Edmore Chibi |
| 23 | SASOL LIMITED | $4.95 billion | Fleetwood Rawstorne Grobler |
| 24 | NEPI ROCKCASTLE N.V. | $4.8 billion | Rolf Rudiger Dany |
| 25 | DISCOVERY LIMITED | $4.77 billion | Adrian Gore ASA |
| 26 | IMPALA PLATINUM HOLDINGS LIMITED | $2.93 billion | Nico Muller |
| 27 | TAQA MOROCCO S.A. | $2.83 billion | Jasim Husain Thabet |
| 28 | OLD MUTUAL LIMITED | $2.77 billion | Iain Williamson |
| 29 | ORANGE CI | $2.68 billion | Mamadou Bamba |
| 30 | MULTICHOICE GROUP LIMITED | $2.56 billion | Calvo Mawela |
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