Revenue Growth Benchmarks
Top-line performance metrics of companies across industries and countries
Top 100 African Companies
The financial services sector, which plays a significant role in the African economy, expanded sales by 32% in the last 12 months. This growth was closely followed by other sectors, including consumer cyclical & defensive, communication services, and industrials. On a y-o-y basis, sales of energy companies expanded by 55%, along with other sectors such as utilities (48%), technology (33%), and industrials (26%). QALA For Financial Investments (113%), Thungela Resources (93%), and Thungela Resources (74%) emerged as the fastest-growing companies in the latest completed fiscal year.
[ 1: LTM Sales in USD Biliion | Red Shading: Companies with negative growth in period]
| Sector | Company | HQ | Industry | Latest | LTM | year-on-year % | CAGR | ||||||||
| FQ | Sales1 | 3m | 6m | 9m | ltm | 1y | 2y | 3y | 5y | ||||||
| Basic Materials | Dangote Cement PLC | NGA | Building Materials | 2023-09 | 3.76 | 52.7% | 45.0% | 28.7% | 27.1% | 17.0% | 25.1% | 22.0% | 15.0% | ||
| Sasol Ltd | ZAF | Chemicals | 2023-06 | 16.25 | na | -9.7% | na | 6.2% | 6.2% | 19.8% | 15.0% | 9.8% | |||
| AECI Ltd | ZAF | Chemicals | 2023-12 | 2.02 | na | -4.9% | na | 5.4% | 5.4% | 20.0% | 15.9% | 10.0% | |||
| Sappi Ltd | ZAF | Forest Products | 2023-12 | 5.45 | -17.4% | -20.2% | -18.1% | -15.1% | -14.2% | 19.8% | 12.6% | 5.2% | |||
| Sibanye Stillwater Ltd | ZAF | Metals & Mining | 2023-06 | 7.21 | na | -13.9% | na | -15.8% | -19.7% | 4.2% | 23.8% | 24.7% | |||
| Anglo American Platinum Ltd | ZAF | Metals & Mining | 2023-12 | 6.72 | na | -23.7% | na | -24.1% | -24.1% | -23.8% | 5.0% | 10.8% | |||
| Impala Platinum Holdings Ltd | ZAF | Metals & Mining | 2023-06 | 5.98 | na | -22.2% | na | -9.9% | -9.9% | -9.3% | 15.1% | 24.3% | |||
| Gold Fields Ltd | ZAF | Metals & Mining | 2023-12 | 4.54 | na | 17.4% | na | 18.8% | 13.2% | 12.2% | 13.1% | 17.9% | |||
| Harmony Gold Mining Co Ltd | ZAF | Metals & Mining | 2023-12 | 3.10 | na | 35.1% | na | 30.7% | 15.5% | 8.7% | 19.0% | 19.2% | |||
| Northam Platinum Holdings Ltd | ZAF | Metals & Mining | 2023-06 | 2.22 | na | -3.7% | na | 16.1% | 16.1% | 10.1% | na | na | |||
| China Nonferrous Mining Corp Ltd | ZMB | Metals & Mining | 2023-06 | 3.72 | na | -16.6% | na | -10.2% | 0.9% | 25.8% | 26.7% | 17.3% | |||
| Anglogold Ashanti PLC | ZAF | Metals & Mining | 2023-06 | 4.53 | na | 1.4% | na | 7.4% | 11.7% | -1.0% | 8.5% | 5.8% | |||
| EZZ Steel Co SAE | EGY | Steel | 2023-09 | 4.48 | 85.0% | 79.5% | 70.2% | 59.4% | 23.8% | 47.5% | 22.5% | 15.0% | |||
| Kumba Iron Ore Ltd | ZAF | Steel | 2023-12 | 4.65 | na | 54.4% | na | 16.5% | 16.5% | -8.1% | 2.5% | 13.5% | |||
| ArcelorMittal South Africa Ltd | ZAF | Steel | 2023-06 | 2.22 | na | -5.1% | na | -8.4% | 2.7% | 28.6% | -0.5% | 0.9% | |||
| Communication Services | Naspers Ltd | ZAF | Interactive Media | 2023-09 | 7.15 | na | 17.5% | na | 38.9% | 31.4% | 18.1% | 22.9% | 28.5% | ||
| MultiChoice Group Ltd | ZAF | Media - Diversified | 2023-09 | 3.22 | na | -1.1% | na | 3.2% | 7.1% | 5.3% | 4.8% | 4.5% | |||
| MTN Nigeria Communications PLC | NGA | Telecommunication Services | 2023-09 | 4.48 | 21.4% | 22.3% | 21.8% | 22.3% | 21.6% | 22.2% | 19.8% | na | |||
| Safaricom PLC | KEN | Telecommunication Services | 2023-09 | 2.43 | na | 7.2% | na | 5.6% | 4.1% | 8.4% | 5.7% | 5.9% | |||
| MTN Group Ltd | ZAF | Telecommunication Services | 2023-06 | 12.50 | na | 16.1% | na | 15.7% | 14.0% | 7.4% | 11.0% | 9.3% | |||
| Vodacom Group Ltd | ZAF | Telecommunication Services | 2023-09 | 7.58 | na | 35.5% | na | 29.7% | 16.0% | 10.1% | 9.5% | 6.6% | |||
| Telecom Egypt SAE | EGY | Telecommunication Services | 2023-09 | 1.91 | 16.4% | 22.5% | 30.0% | 25.5% | 19.4% | 17.8% | 19.7% | 19.0% | |||
| Telkom SA SOC Ltd | ZAF | Telecommunication Services | 2023-09 | 2.39 | na | 2.5% | na | 3.1% | 0.9% | -0.1% | 0.1% | 1.7% | |||
| Maroc Telecom SA | MAR | Telecommunication Services | 2023-12 | 3.64 | na | 1.6% | na | 3.1% | 3.1% | 1.5% | 0.1% | 1.0% | |||
| Blue Label Telecoms Ltd | ZAF | Telecommunication Services | 2023-05 | 1.08 | na | 4.6% | na | 6.2% | 6.2% | 0.3% | -3.6% | -6.7% | |||
| Blue Label Telecoms Ltd | ZAF | Telecommunication Services | 2023-05 | 1.08 | na | 4.6% | na | 6.2% | 6.2% | 0.3% | -3.6% | -6.7% | |||
| MTN Ghana | GHA | Telecommunication Services | 2023-09 | 1.07 | 43.3% | 42.5% | 36.1% | 34.7% | 28.4% | 28.2% | 24.2% | 23.7% | |||
| Consumer Cyclical | Nampak Ltd | ZAF | Packaging & Containers | 2023-09 | 0.89 | na | -6.9% | na | -1.4% | -1.4% | 9.5% | 13.3% | 0.7% | ||
| Shoprite Holdings Ltd | ZAF | Retail - Cyclical | 2023-06 | 12.06 | na | 17.0% | na | 16.9% | 16.9% | 13.1% | 11.4% | 8.2% | |||
| Pick N Pay Stores Ltd | ZAF | Retail - Cyclical | 2023-08 | 6.03 | na | 5.4% | na | 6.0% | 8.9% | 7.0% | 6.1% | 5.8% | |||
| Pepkor Holdings Ltd | ZAF | Retail - Cyclical | 2023-09 | 4.79 | na | 11.4% | na | 7.7% | 7.7% | 6.3% | 7.3% | 6.5% | |||
| Woolworths Holdings Ltd | ZAF | Retail - Cyclical | 2023-12 | 4.00 | na | 5.1% | na | 7.0% | 10.6% | -4.2% | 0.0% | 1.0% | |||
| Foschini Group Ltd | ZAF | Retail - Cyclical | 2023-09 | 3.00 | na | 12.4% | na | 14.3% | 19.4% | 25.4% | 13.6% | 12.7% | |||
| Mr Price Group Ltd | ZAF | Retail - Cyclical | 2023-09 | 1.95 | na | 27.2% | na | 24.5% | 17.1% | 20.5% | 12.2% | 9.0% | |||
| KAL Group Ltd | ZAF | Retail - Cyclical | 2023-09 | 1.23 | na | 21.0% | na | 42.7% | 42.7% | 45.5% | 37.7% | 27.9% | |||
| Truworths International Ltd | ZAF | Retail - Cyclical | 2023-06 | 1.12 | na | 9.1% | na | 11.2% | 11.2% | 10.1% | 6.7% | 2.5% | |||
| Truworths International Ltd | ZAF | Retail - Cyclical | 2023-06 | 1.12 | na | 9.1% | na | 11.2% | 11.2% | 10.1% | 6.7% | 2.5% | |||
| Label Vie SA | MAR | Retail - Cyclical | 2023-06 | 1.43 | na | 21.5% | na | 20.9% | 18.6% | 12.5% | 10.3% | 11.0% | |||
| Motus Holdings Ltd | ZAF | Vehicles & Parts | 2023-12 | 6.04 | na | 11.2% | na | 13.7% | 15.6% | 10.4% | 13.1% | 6.7% | |||
| GB Corp | EGY | Vehicles & Parts | 2023-09 | 0.52 | na | 85.0% | na | 27.0% | -5.2% | 13.0% | 5.5% | 11.0% | |||
| Consumer Cyclical | RCL Foods Ltd | ZAF | Consumer Packaged Goods | 2023-06 | 2.12 | na | 17.1% | na | 17.3% | 17.3% | 9.2% | 10.8% | 9.0% | ||
| Tiger Brands Ltd | ZAF | Consumer Packaged Goods | 2023-09 | 2.05 | na | 4.3% | na | 9.9% | 9.9% | 9.9% | 7.9% | 5.7% | |||
| Astral Foods Ltd | ZAF | Consumer Packaged Goods | 2023-09 | 1.06 | na | -6.3% | na | -0.4% | -0.4% | 10.2% | 11.4% | 8.2% | |||
| Astral Foods Ltd | ZAF | Consumer Packaged Goods | 2023-09 | 1.06 | na | -6.3% | na | -0.4% | -0.4% | 10.2% | 11.4% | 8.2% | |||
| Golden Agri-Resources Ltd | MUS | Consumer Packaged Goods | 2023-06 | 10.71 | na | -13.6% | na | -5.2% | 11.4% | 28.0% | 21.0% | 8.9% | |||
| COSUMAR SA | MAR | Consumer Packaged Goods | 2023-06 | 1.26 | na | 0.4% | na | 10.1% | 13.8% | 5.6% | 5.2% | 3.3% | |||
| Bid Corp Ltd | ZAF | Retail - Defensive | 2023-12 | 11.78 | na | 24.0% | na | 30.6% | 33.4% | 30.8% | 17.6% | 10.8% | |||
| Spar Group Ltd | ZAF | Retail - Defensive | 2023-09 | 8.19 | na | 12.3% | na | 10.1% | 10.1% | 8.0% | 6.3% | 8.1% | |||
| Energy | Seplat Energy PLC | NGA | Oil & Gas | 2023-09 | 3.39 | 187.6% | 27.2% | 31.0% | 28.3% | 29.8% | 33.9% | 10.9% | 16.1% | ||
| Total Energies Marketing Maroc | MAR | Oil & Gas | 2023-06 | 1.73 | na | -13.1% | na | 9.9% | 53.2% | 49.5% | 17.0% | 14.7% | |||
| Afriquia Gaz | MAR | Oil & Gas | 2023-12 | 0.79 | na | -10.8% | na | -13.2% | -13.2% | 7.6% | 13.0% | 8.2% | |||
| Exxaro Resources Ltd | ZAF | Other Energy Sources | 2023-06 | 2.41 | na | -15.2% | na | 7.6% | 41.5% | 26.6% | 21.7% | 15.2% | |||
| Thungela Resources Ltd | ZAF | Other Energy Sources | 2023-06 | 2.18 | na | -45.1% | na | -8.2% | 93.1% | 267.9% | 39.8% | na | |||
| Energy | QALA For Financial Investments | EGY | Asset Management | 2023-09 | 3.99 | 11.5% | 6.7% | 21.6% | 33.8% | 113.3% | 64.8% | 88.9% | 56.1% | ||
| Remgro Ltd | ZAF | Asset Management | 2023-06 | 2.82 | na | 13.7% | na | 17.2% | 17.2% | -13.1% | -3.3% | 9.4% | |||
| Ninety One Ltd | ZAF | Asset Management | 2023-09 | 0.89 | na | 7.3% | na | 4.5% | 5.4% | 2.6% | 1.7% | 8.6% | |||
| Zenith Bank PLC | NGA | Banks | 2023-09 | 2.25 | 54.2% | 143.8% | 104.9% | 71.0% | 7.7% | 9.9% | 9.7% | 5.1% | |||
| United Bank for Africa PLC | NGA | Banks | 2023-09 | 2.24 | 46.4% | 187.8% | 143.3% | 123.9% | 29.7% | 19.1% | 18.2% | 11.8% | |||
| Access Hldgs Plc | NGA | Banks | 2023-09 | 1.99 | 92.3% | 63.2% | 51.2% | 48.4% | 27.5% | 24.3% | 27.7% | 20.1% | |||
| Equity Group Holdings Ltd | KEN | Banks | 2023-09 | 1.23 | 30.5% | 27.6% | 27.8% | 28.9% | 28.5% | 26.8% | 24.2% | 16.9% | |||
| Equity Group Holdings Ltd | KEN | Banks | 2023-09 | 1.23 | 30.5% | 27.6% | 27.8% | 28.9% | 28.5% | 26.8% | 24.2% | 16.9% | |||
| KCB Group Ltd | KEN | Banks | 2023-09 | 1.15 | 36.7% | 27.4% | 27.3% | 25.3% | 16.3% | 15.2% | 14.8% | 12.2% | |||
| Firstrand Ltd | ZAF | Banks | 2023-06 | 7.39 | na | 15.9% | na | 15.0% | 15.0% | 10.2% | 8.2% | 7.6% | |||
| Absa Group Ltd | ZAF | Banks | 2023-06 | 5.84 | na | 12.8% | na | 14.4% | 14.4% | 9.7% | 7.0% | 6.0% | |||
| Nedbank Group Ltd | ZAF | Banks | 2023-06 | 3.56 | na | 13.3% | na | 13.8% | 11.0% | 8.6% | 4.4% | 4.2% | |||
| Qatar National Bank AlAhli SAE | EGY | Banks | 2023-12 | 1.24 | 25.5% | 36.6% | 41.3% | 47.7% | 47.7% | 45.7% | 31.0% | 22.8% | |||
| Capitec Bank Holdings Ltd | ZAF | Banks | 2023-08 | 1.84 | na | 21.1% | na | 17.3% | 12.4% | 14.8% | 12.8% | 11.2% | |||
| Attijariwafa Bank SA | MAR | Banks | 2023-09 | 2.89 | 17.8% | 23.7% | 14.9% | 60.1% | 9.1% | 5.9% | 4.0% | 4.4% | |||
| Banque Centrale Populaire SA | MAR | Banks | 2023-09 | 2.24 | 58.5% | 27.9% | 18.5% | 20.5% | 4.6% | 12.1% | 7.3% | -0.3% | |||
| Investec Ltd | ZAF | Banks | 2023-09 | 1.26 | na | 31.1% | na | -18.4% | 6.3% | 15.6% | 10.1% | 2.2% | |||
| Bank of Africa | MAR | Banks | 2023-09 | 1.60 | 19.5% | 14.1% | 11.5% | 14.1% | 8.5% | 5.5% | 3.7% | 2.3% | |||
| Commercial International Bank - Egypt | EGY | Banks | 2023-12 | 0.49 | na | -100.0% | na | -38.8% | 64.7% | 44.1% | 28.2% | 22.1% | |||
| Union Bancaire Pour Le Commerce | TUN | Banks | 2023-06 | 1.01 | na | 6.1% | na | 9.6% | 12.0% | 10.4% | na | na | |||
| Transaction Capital Ltd | ZAF | Credit Services | 2023-09 | 1.48 | na | 1.7% | na | 8.8% | 8.8% | 66.4% | 96.5% | 52.8% | |||
| Old Mutual Ltd | ZAF | Insurance | 2023-06 | 13.29 | na | -979.7% | na | 105.0% | -54.3% | -11.8% | -13.6% | -8.2% | |||
| Sanlam Ltd | ZAF | Insurance | 2023-06 | 10.97 | na | 393.1% | na | 42.5% | -43.6% | -7.5% | -8.7% | -0.3% | |||
| Discovery Ltd | ZAF | Insurance | 2023-06 | 4.76 | na | 82.8% | na | 28.9% | 28.9% | 6.1% | 10.1% | 9.9% | |||
| OUTsurance Group Ltd | ZAF | Insurance | 2023-06 | 1.47 | na | 27.6% | na | 22.0% | 22.0% | 17.5% | 16.8% | 11.8% | |||
| Santam Ltd | ZAF | Insurance | 2023-06 | 0.99 | na | -100.0% | na | -42.9% | 5.3% | 6.9% | 4.7% | 5.9% | |||
| Wafa Assurance SA | MAR | Insurance | 2023-06 | 1.28 | na | 7.6% | na | 15.3% | 16.7% | 12.4% | 9.0% | 7.3% | |||
| Healthcare | Aspen Pharmacare Holdings Ltd | ZAF | Drug Manufacturers | 2023-06 | 2.28 | na | 12.1% | na | 5.4% | 5.4% | 3.8% | 6.5% | 1.2% | ||
| Clicks Group Ltd | ZAF | Healthcare Providers & Services | 2023-08 | 2.30 | na | 7.9% | na | 5.1% | 5.1% | 5.6% | 7.1% | 7.3% | |||
| Dis-Chem Pharmacies Ltd | ZAF | Healthcare Providers & Services | 2023-08 | 1.89 | na | 9.4% | na | 7.5% | 7.4% | 11.5% | 10.8% | 10.9% | |||
| Netcare Ltd | ZAF | Healthcare Providers & Services | 2023-09 | 1.30 | na | 7.4% | na | 9.5% | 9.5% | 5.7% | 7.9% | 2.7% | |||
| Life Healthcare Group Holdings Ltd | ZAF | Healthcare Providers & Services | 2023-09 | 1.24 | na | 5.3% | na | 10.3% | 10.3% | -8.2% | -1.7% | -0.7% | |||
| Ibnsina Pharma | EGY | Medical Distribution | 2023-09 | 1.07 | 64.1% | 61.9% | 50.6% | 38.9% | 2.4% | 9.2% | 10.3% | 18.4% | |||
| Industrials | Barloworld Ltd | ZAF | Business Services | 2023-09 | 2.47 | na | 15.6% | na | 14.3% | 14.3% | 14.9% | 9.9% | -5.6% | ||
| Bidvest Group Ltd | ZAF | Conglomerates | 2023-06 | 6.45 | na | 16.0% | na | 15.0% | 15.0% | 14.1% | 14.5% | 8.3% | |||
| Raya Holding for Financial Investments | EGY | Conglomerates | 2023-09 | 1.03 | 63.7% | 67.4% | 60.7% | 56.2% | 21.1% | 37.8% | 32.5% | 24.8% | |||
| Omnia Holdings Ltd | ZAF | Conglomerates | 2023-09 | 1.36 | na | -14.1% | na | 4.9% | 24.0% | 27.1% | 14.2% | 8.9% | |||
| Hosken Consolidated Investments Ltd | ZAF | Conglomerates | 2023-09 | 1.29 | na | 6.4% | na | 9.3% | 20.1% | 27.5% | 2.7% | -0.8% | |||
| KAP Ltd | ZAF | Conglomerates | 2023-12 | 0.00 | na | -100.0% | na | -100.0% | 5.9% | 11.2% | 11.1% | 5.4% | |||
| Aveng Ltd | ZAF | Construction | 2023-12 | 1.85 | na | 48.3% | na | 41.1% | 30.3% | 7.4% | 12.0% | -0.6% | |||
| Wilson Bayly Holmes-Ovcon Ltd | ZAF | Construction | 2023-06 | 1.33 | na | 62.9% | na | 37.9% | 37.9% | 10.5% | -18.0% | -7.5% | |||
| Raubex Group Ltd | ZAF | Construction | 2023-08 | 0.90 | na | 14.5% | na | 26.3% | 32.2% | 31.5% | 20.6% | 12.4% | |||
| El Sewedy Electric Co | EGY | Industrial Products | 2023-09 | 4.90 | 65.9% | 71.5% | 73.9% | 68.3% | 52.2% | 40.9% | 25.5% | 16.5% | |||
| Super Group Ltd | ZAF | Transportation | 2023-06 | 3.47 | na | 27.3% | na | 30.6% | 30.6% | 25.1% | 21.4% | 11.7% | |||
| Technology | Datatec Ltd | ZAF | Software | 2023-08 | 5.56 | na | 29.1% | na | 33.2% | 33.1% | 23.1% | 13.3% | 14.7% | ||
| Utilities | Taqa Morocco SA | MAR | Utilities - Independent Power Producers | 2023-06 | 1.42 | na | 26.1% | na | 47.7% | 74.1% | 32.2% | 14.3% | 11.0% | ||
| The Kenya Power & Lighting Co PLC | KEN | Utilities - Regulated | 2023-06 | 1.51 | na | 41.4% | na | 21.4% | 21.4% | 15.1% | 12.7% | 9.4% | |||
| Source: Annual Filings, Company Website | |||||||||||||||