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Article: Retail edges out mining.(South Africa)
- Article from:
- African Business
- Article date:
- April 1, 2009
CopyrightCOPYRIGHT 2009 IC Publications Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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South Africa continues to dominate our survey of Africa's biggest companies, with market values far in excess of those seen in most of the rest of the continent. A staggering 15 out of the top 16 companies on the continent are South African, while 54 out of the top 90 come from the same country. Egyptian and Moroccan firms pose some challenge in the higher reaches of our table but South Africa is in an economic league of its own in sub-Saharan Africa.
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Anglo American is again Africa's biggest company, with market capitalisation of $23-48bn, but this is drastically down on the $72bn value placed on the firm last year. After several ...