Forbes has released its list of the world’s biggest companies, which means we get to rank our local money makers against the rest of the world.
We’ve managed to land 13 entrants amongst the world’s top 2000, and it is the Standard Bank Group who have come out on top.
They’ve placed 317th in the list, posting a profit of $1,9 billion (R30 billion) for 2015. That’s handy considering they were just fleeced of R300 million (HERE), but we’ll leave that for another day and focus on how Forbes compiled their list.
Forbes’ 2000 biggest companies listing is formulated by analyzing [sic] 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.
Using those criteria Standard Bank improved from last year’s 326th place – let’s take a look at the full list:
More on the movers and shakers:
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.
An overall analysis shows a global slowdown in growth, so perhaps MTN and others that tumbled shouldn’t get too down on themselves.
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