The African continent carries a great opportunity for business in almost all industries. As South Africa is one of the leading countries in Africa, many of the most successful African companies are based there. Some of them have achieved great success and while being listed on the South African exchange, they also managed to get listed on the London Stock Exchange LSE. It is a great opportunity for business and generally for the whole country. The company is able to get more investments from local investors who understand the nature of business in South Africa. Alongside it, the double listing gives the companies a possibility to attract international investors who look at the business from an international viewpoint.
South African companies on the London Stock Exchange come from various industries. They have a huge role in developing South Africa’s business sector and the economy itself as they represent the driving force of it. These companies with smaller and medium-sized enterprises are developing skills, creating high-quality job opportunities for South Africans and are delivering growth. Right now there are several companies listed on LSE, however, we might see some more successful companies reaching the London Stock Exchange in the near future, now let’s see who are those companies that are already on SLE and what they do.
South African companies on the London Stock Exchange
List of private companies in South Africa that are listed on both – Johannesburg Stock Exchange and on London Stock Exchange is not long. However, here you will see the companies that you obviously know about as they are the leaders of the industry. The first company is Naspers Limited.
Naspers Limited is one of the 10 biggest companies in South Africa, it is a media giant of the country that provides its service not only in SA but globally. It is presented on many markets including Africa, Asia, and Europe but has its headquarters in Cape Town. Established in 1915, Naspers Limited was a newspaper publisher. The rapid financial growth of the company started in the late 90s when the new CEO of the company started investing in the Chinese internet and media company Tencent. Slowly Naspers was turned into an e-commerce investor and cable TV powerhouse. Besides Tencent, Naspers also holds minority investments in the Russian social-network platform (Mail.ru) both of the companies – Tencent and Mail.ru are also listed on LSE. Now the company is operating in pay television, online and print media sectors and has been on the list of the London Stock Exchange since August 2007.
Barloworld is one of the Top 100 JSE listed companies that is also listed on LSE. Barloworld has its roots in various industries including rental, fleet management, logistics solutions, and product support. The group includes Barloworld Handling, Barloworld Logistics, Barloworld Equipment, and Barloworld Automotive. The company is presented in 24 countries and has over 19,000 employees, 70% of them are based in South Africa. Interestingly, Barloworld limited involved automotive and equipment industry listed on the LSE in 1969. The company is still most known for its automotive business as it represents various premium brands from all around the world including Caterpillar, BMW, Toyota, GM, Mercedes-Benz, and Ford.
SABMiller is one of the biggest brewing companies that was founded in South Africa in 1895. The main purpose of the company was to serve a growing market of miners and prospectors in and outside of Johannesburg. After two years of establishing SABMiller become the first company from the industrial sector to be listed on the Johannesburg Stock Exchange. SABMiller is one of the JSE listed companies that is also listed on the London Stock Exchange. The company went under some major changes in the past several years. In 2015 Anheuser-Busch InBev announced a deal to merge two of the biggest brewer companies to control almost half of the profits in the industry. In 2016 the deal was closed and Anheuser-Busch InBev and SABMiller merged which made the Anheuser-Busch InBev SA/NV the world’s largest beer company.
Mondi Group is one of the biggest JSE dual-listed companies in South Africa. The company is made up of Mondi Limited and Mondi Plc. Mondi Limited is listed on the Johannesburg Stock Exchange under the ticket code MND. Mondi Plc, on the other hand, is in a premium listing on the London Stock Exchange under the code MNDI. The group is presented in various different service industries. The major part of the business is the paper value chain and packaging, however, Mondi Group also works across the service industries such as office and professional printing, chemicals, food and beverages, pet care, automotive, building and construction, home and personal care, packaging, and paper converting, medical and pharmaceutical. The list of industries is truly impressive. Mondi Group is operating in over 30 countries, predominantly in South Africa, Europe, North America, and Russia. The company has over 100 production sites and around 26,000 employees.
Investec is another company in the list of South African companies on The London Stock Exchange. It was founded in Johannesburg as a small leasing company and a financial company in 1974. Soon it started growing rapidly and acquired a banking license in 1980. Only after six years, it got listed on the Johannesburg Stock Exchange. Now the company is an international asset management group and specialist banking. Investec is providing its financial services and products to the worldwide audience in three principal markets – The United Kingdom and Europe, Asia-Pacific and Africa. It is one of the biggest JSE dual-listed companies in South Africa.
Standard Bank Group
Standard Bank Group is a regional banking conglomerate. It was established in 1862 in Johannesburg and still has its headquarter in the capital city of South Africa. The company is the biggest lender by assets in the whole of Africa. Standard Bank Group has four subsidiary banking units and covers the whole financial industry with these banking unites – Personal and business, Investments baking, Liberty, Central, and others.
They provide financial and banking services to individuals, small and medium businesses, corporate, parastatal organizations, as well as governmental. Apart from the Johannesburg Stock Exchange, it is one of the six South African companies listed on the London Stock Exchange.
These are one of the biggest and most successful companies in South Africa and on the whole African continent. However, there are some more companies that are not based in South Africa, but on the other African countries that have a great impact on the African continent and are also listed on LSE. Therefore, it is worth Knowing of what these companies are and what they do.
Kakuzi – Kenya
Kakuzi is a Kenyan agricultural company. The main activity of the firm is farming and food production in the East African country. It was established in 1906 and is owned by the parent company Camellia, which is based in the United Kingdom. Kakuzi has been listed on the Nairobi Stock Exchange and on the London Stock Exchange since 1953.
NMBZ Holdings – Zimbabwe
NMBZ Holdings is an investment holding company that was created in 1992. The company was established by the group of a highly respected Zimbabwean Businessman with huge experience of working in major financial institutions such as the World Bank and the International Finance Corporation. NMBZ Holding controls a commercial bank NMB Bank Limited and private equities holding company Stewart Holdings Limited. It is listed on the Zimbabwean Stock Exchange and is one of the African companies listed on the London Stock Exchange.
Zambeef Products – Zambia
Zambeef is a Zambian agricultural company and represents the largest agri-business in the country. It is providing beef, pork, chicken, dairy products and other food products for distribution. The company operates a fast food restaurant chain and a trucking company as well. Zambeef was founded in 1994 and has over 5000 employees now. It is listed on the Lusaka stock exchange and since 2011 has also been listed on the London Stock Exchange.
Seplat Petroleum Development Company – Nigeria
Seplat Petroleum Development company is a Nigerian oil and gas firm. It does not have a long history as other companies in this list as it was established in 2009. However, it has seen great success in these 10 years. The company has a dual listing in Nigerian financial hub Lagos and on the London Stock Exchange where it was enlisted only recently. Since then the company was able to hold an initial public offering (IPO) and managed to raise $500 million. It became the biggest European IPO of production business and petroleum exploration.
There are may more successful companies in Africa that enjoy dual listing on the local exchange as well as on the London Stock Exchange, However, these companies have seen some of the biggest growth and success. Hopefully, the list of the South African companies on the London Stock Exchange will grow further with the development of the economy and business sector in the country.