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10 Biggest Johannesburg Stock Exchange-Listed Tech Companies By Market Value

10 Biggest Johannesburg Stock Exchange-Listed Tech Companies By Market Value

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The Johannesburg Stock Exchange continues to grow in value, with many of the tech companies listed contributing to the gains that the JSE has experienced in recent years.

A look at the top 25 companies on the South African exchange confirms this, with this group of businesses managing to grow their combined market capitalisation to $896.4 billion, in comparison to the $830 billion they were valued at in 2017.

From financial institutions to digitally savvy insurance companies and telecoms giants, there are many JSE-listed tech firms with impressive market capitalization numbers.

Here are the 10 biggest Johannesburg Stock Exchange-listed tech companies by market value.

Sources: JSE, Fin24BusinessTech, BusinessLive.

10) Capitec Bank

Many people will be surprised to see Capitec Bank on this list, but its incredible growth over the years in the South African market has ensured that its place on the JSE has been solidified and grown in market value. With a capitalization of $8.59 billion on the South African bourse, Capitec is 10th on this list.

Photo by LinkedIn Sales Navigator on Unsplash

9) Discovery Holdings

Insurance and medical aid group Discovery Holdings has always embraced technology as a means to improving and expanding their service offering. The medical provider Discovery Health recently launched a new digital healthcare platform,  called DrConnect, which uses a predictive artificial intelligence engine to provide contextual and meaningful information based on the questions that patients have. Discovery Holdings’ JSE market value is listed as $9.54 billion.

Image: Peter Fredricson / Flickr

8) Nedbank Group

Another of the banks in this list, Nedbank Group currently has a market value of $11.85 billion on the Johannesburg Stock Exchange, making it the eighth largest tech company by market capitalization in South Africa, but still not as big as the two major mobile operators.

7) Barclays Africa

Financial institutions feature prominently on any stock exchange, and Johannesburg’s is no different. Barclays Africa, which is also known as Absa, is seventh on this list due to a market value of $13.67 billion. That puts the company above Nedbank Group in value, but below two other competitor banks in the South African context.

6) Old Mutual

While some may argue that Old Mutual is not strictly a tech company, the way in which it has embraced tech and digital earns it a spot on this list. The company has a market capitalization of $16.94 billion on the Johannesburg Stock Exchange.

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AP Photo/Sunday Alamba

5) MTN Group

Telecommunications giant MTN Group are the fifth largest tech company listed on the Johannesburg Stock Exchange, thanks to a market valuation of $19.12 billion. MTN is bigger than local rival Vodacom globally, earning the title of Africa’s largest mobile operator, but in the South African market Vodacom has many more subscribers.

Telecoms companies like Vodacom are interested in the Democratic Republic of Congo market. Photo - Flickr
Telecoms companies like Vodacom are interested in the Democratic Republic of Congo market. Photo – Flickr

4) Vodacom Group

The battle of the South African telecoms companies has seen Vodacom Group overtaking MTN Group as the largest listed mobile operator on the SA exchange. Vodacom saw its market cap grow by 17 percent to $22.07 billion, while MTN’s market cap declined by 1.1 percent.

3) Standard Bank Group

Standard Bank Group appears on this list as the third biggest tech stock by market capitalization. The bank with links throughout the African continent is worth $29.29 billion at the moment, according to Johannesburg Stock Exchange valuations.

2) FirstRand

The highest ranked banking brand on this list, FirstRand is the owner of First National Bank, voted one of the most innovative banks in the world. It also owns RMB, WesBank and Ashburton Investments. The FirstRand group is the second biggest tech company on the JSE due to a substantial market value equivalent to $32.11 billion. It is the eighth biggest company on the Johannesburg exchange, with the likes of Anglo American, BHP Billiton and Richemont higher up in the list.

Image: DennisM2 / Flickr

1) Naspers

Naspers, which is considered Africa’s largest company, has a market capitalisation of $120 billion, making it the biggest tech company on the JSE by market cap, with only British American Tobacco, and ABInBev worth more at the moment. Media giant Naspers is valued higher than all other financial institutions and telecoms companies on the South African exchange.