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Hantec Markets  delves in to the landscape of African corporate giants, analyzing their ranking based on market capitalization. Surprisingly, ten of the companies are South African companies. This is likely due to South Africa being the second largest economy in Africa, behind only Nigeria while being one of just eight upper-middle-income economies in Africa. It is also the most industrialized and technologically advanced country on the continent, with this advantageous economic atmosphere helping larger companies thrive more there than in other African countries.   The firm use market capitalization as a measure, which is the market value of a company’s outstanding shares. This is effectively the equity value of a company and can show the public’s opinion on a company’s overall value. Market capitalization is calculated simply by multiplying the price of the company’s shares by the number of outstanding shares there are of that company. This market capitalization value is important for investors to have knowledge of to make sound decisions when investing and trading. Market capitalisation value is important for investors to have knowledge of to make sound decisions when investing and trading.   10 Big companies in Africa from Companies Marketcap.com as of 5/03/2023    1.      Naspers Limited   2.     FirstRand   3.      Standard Bank Group     4.  GOLD FIELDS   5.     Capitec   6.     Vodacom 7.      AngloGold Ashanti   8.    Sanlam   9.    @Bid corp.   10. MTN Do you anticipate companies from other African regions—north, west, and east—making it to the top 10 list?  #Top #10 #African #Companies #Financialcompanies #Mining #Technology #Business #Southafrica #Corporate #Ranking

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