South Africa Economy

Woolworths Holding is an investment holding company, listed on the Johannesburg Stock Exchange, and operating through two subsidiaries, Woolworths (proprietary) and Country Road, as well as joint venture Woolworths Financial Services. Woolworths is a chain of retail stores in South Africa and certain countries in Africa and the Middle East that offers a range of clothing, food and general...

Kumba is a listed iron ore mining company and 70% subsidiary of global diversified miner Anglo American, benefitting from group procurement and mine optimisation strategies. Kumba was formed in a 2001 demerger from South African integrated steel company Iscor and a subsequent demerger of coal mining operations in 2006 to form a separately listed company, Exxaro....

FirstRand is the third-largest South African bank by balance sheet size, holding total assets of R895bn ($84.8bn) as of December 31, 2013. It operates three primary brands: First National Bank, with a retail and commercial focus; Rand Merchant Bank, which competes in the corporate and investment banking markets; and Wesbank, providing vehicle and asset finance...

With an economy worth roughly one-third of a trillion dollars, South Africa only accounts for 0.5% of global GDP. Nevertheless, the trillion-dollar market capitalisation of the Johannesburg Stock Exchange (JSE) makes the country’s bourse the 19th-largest exchange worldwide. South Africa has one of the highest equity capitalisation-to-GDP ratios globally, a unique phenomenon by...