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<h2>The <a href="https://www.naijanews.com/topic/Dangote">Dangote</a> Group, a multinational industrial conglomerate founded by Aliko Dangote, has been reported to be the 12th wealthiest company in Africa.</h2>
<p>Dangote Group employed over 30,000 people and generated over US$4.1 billion in revenue in 2017.</p>
<p>The report highlighted that 11 South African-owned companies were listed among the top eleven positions, while Dangote held the twelfth spot with a net worth of $7.3 billion.</p>
<p>Naspers Limited, a South African-owned multinational internet, technology, and multimedia holding company, holds the top ranking with a net worth of $31.49 billion, while MTN Group Limited, a South African multinational corporation and mobile telecommunications provider, is placed at number 7 with a net worth of $8.3 billion.</p>
<p><strong>Here is a list of Africa's wealthiest corporations:</strong></p>
<p>1. Naspers (South Africa) leads the pack with a staggering $31.49 billion net worth.</p>
<p>2. Following closely is First Rand (South Africa), with $18.7 billion, establishing a strong presence in the financial sector.</p>
<p>3. Standard Bank Group (South Africa) ranks third with an impressive $18 billion, symbolizing stability and growth in banking.</p>
<p>4. Capitec Bank (South Africa) secures the fourth spot, boasting $12.1 billion in net worth.</p>
<p>5. Gold Fields (South Africa) holds the fifth position, demonstrating robustness with $11 billion.</p>
<p>6. Vodacom (South Africa) stands at $10.1 billion, showcasing the telecommunications giant's influence and reach.</p>
<p>7. MTN (South Africa) follows closely behind with $8.3 billion.</p>
<p>8. Sanlam (South Africa) ranks eighth with $8.2 billion, a testament to its strength in insurance and financial services.</p>
<p>9. Shoprite (South Africa) takes the ninth spot with $7.9 billion, exemplifying dominance in retail.</p>
<p>10. Bid Corp (South Africa) rounds up the top ten with $7.86 billion, reflecting its prowess in food service distribution.</p>
<p>11. AngloGold Ashanti (South Africa) stands at $7.69 billion, highlighting its leadership in the gold mining sector.</p>
<p>12. Dangote Cement (Nigeria) breaks the South African dominance, securing $7.3 billion in net worth, a testament to Nigeria's presence in the region's economy.</p>
<p>The post <a href="https://www.naijanews.com/2024/02/29/discover-africas-wealthiest-enterprises-dangote-ranks-12th-among-top-companies/">Discover Africa’s Wealthiest Enterprises: Dangote Ranks 12th Among Top Companies</a> appeared first on <a href="https://www.naijanews.com">Naija News</a>.</p>
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