SUNDAY TIMES TOP 100 COMPANIES

VIEW 2023 TOP 100 COMPANIES

ABOUT

The prestigious Sunday Times Top 100 Companies awards acknowledge listed companies which have earned the highest returns for their shareholders over the last five years. The gala dinner Top 100 Companies event also features highly sought-after awards for Business Leader of the Year and Lifetime Achiever in the realm of South African business. Sunday Times Top 100 Companies analyses the share price performance of listed companies over a rolling five-year period using a hypothetical initial investment amount of R10 000.

This year’s investment measurement period has run from 31 August 2018 to 31 August 2023, with the winning company being the one which has created the most wealth and value for shareholders over that period, assuming reinvestment of all dividends, bonus share allotments and special payments. This year, in the interest of including those companies which can truly be considered to be publicly held and which are producing returns for JSE investors, Top 100 Companies is raising its market capitalisation threshold for inclusion to R5-billion and above.

Since 2011, we have increased the minimum volume traded value to R20-million because of higher trading volumes over the years and in order to exclude distortion from extreme movements in penny stocks. Apart from being an accurate measurement of shareholder fortunes, the share price plus the amount of income returned to shareholders is an indicator of the soundness of a company’s operations – if one accepts that share price performance is generally an accurate barometer.

SUNDAY TIMES TOP 100 COMPANIES 2023

	Share name	Market cap as at Aug 31 2023 (Rbn)	Total return (%)	*Final value (R)	Compound annual growth rate (%)
1	Gold Fields	217.01	668.27	76,827	50.3
2	DRD Gold	16.53	638.43	73,843	49.2
3	Impala Platinum	88.05	610.22	71,022	48.0
4	Sibanye Stillwater	81.35	317.98	41,798	33.1
5	Harmony Gold Mining Company	48.71	240.04	34,004	27.7
6	Northam Platinum	49.38	219.56	31,956	26.2
7	Anglogold Ashanti	135.45	193.80	29,380	24.1
8	Datatec	8.43	190.45	29,045	23.8
9	Pan African Resource	7.47	175.56	27,556	22.5
10	Kumba Iron Ore	133.79	174.09	27,409	22.3
11	BHP Group	2,77.00	170.40	27,040	22.0
12	Afrimat	8.93	166.54	26,654	21.7
13	African Rainbow Mining	40.22	144.94	24,494	19.6
14	Sirius Real Estate	24.43	138.29	23,829	19.0
15	Exxaro Resources	58.62	136.94	23,694	18.8
16	Compagnie Fin Richemont	1,403.12	132.22	23,222	18.4
17	Anglo American	678.14	130.32	23,032	18.2
18	Anglo American Platinum	175.38	121.60	22,160	17.3
19	Glencore	1,376.85	108.40	20,840	15.8
20	Montauk Renewables	26.42	97.38	19,738	14.6
21	Hosken Consolidated Investments	19.60	88.03	18,803	13.5
22	Alexander Forbes Group	7.71	86.29	18,629	13.3
23	Investec plc	77.88	78.70	17,870	12.3
24	Investec	32.75	78.33	17,833	12.3
25	OUTsurance Group	61.30	73.82	17,382	11.7
26	Capitec Bank	183.98	71.70	17,170	11.4
27	PSG Konsult	18.02	63.67	16,367	10.4
28	Woolworths	73.34	61.48	16,148	10.1
29	MTN Group	226.72	58.91	15,891	9.7
30	Grindrod	7.41	53.90	15,390	9.0
31	Bidvest	96.96	53.69	15,369	9.0
32	Stor-Age Prop REIT	5.97	52.97	15,297	8.9
33	ADvTECH	11.44	50.98	15,098	8.6
34	Absa Group	154.54	50.57	15,057	8.5
35	Reinet Investments	79.23	50.26	15,026	8.5
36	BID Corporation	142.49	48.63	14,863	8.2
37	Clicks Group	65.96	48.56	14,856	8.2
38	Shoprite	156.01	48.54	14.854	8.2
39	Naspers -N-	1,401.03	43.06	14,306	7.4
40	AECI	11.37	41.38	14,138	7.2
41	South32	188.54	40.57	14,057	7.0
42	Momentum Metropolitan	28.68	39.84	13,984	6.9
43	Firstrand	411.74	37.47	13,747	6.6
44	Standard Bank	323.78	37.23	13,723	6.5
45	MAS Real Estate	14.90	35.90	13,593	6.3
46	Remgro	83.64	33.06	13,306	5.9
47	British American Tobacco	1,545.79	26.08	12,608	4.7
48	Tharisa	5.36	23.27	12,327	4.3
49	Truworths International	29.60	22.31	12,231	4.1
50	NEPI Rockcastle	72.07	19.91	11,991	3.7
51	Santam	34.38	19.86	11,986	3.7
52	Oceana Group	9.04	17.81	11,781	3.3
53	Vodacom Group	224.12	16.92	11,692	3.2
54	Italtile	16.06	15.88	11,588	3.0
55	Resilient REIT	14.47	12.49	11,249	2.4
56	Liberty Two Degrees	5.01	11.87	11,187	2.3
57	Sanlam	150.13	11.43	11,143	2.2
58	Reunert	11.11	9.28	10,928	1.8
59	Barloworld	16.07	8.93	10,893	1.7
60	Vukile Property Fund	13.86	8.10	10,810	1.6
61	Fortress REIT A	15.84	4.74	10,474	0.9
62	Nedbank Group	105.34	3.94	10,394	0.8
63	Old Mutual	61.54	0.36	10,036	0.1
64	Equites Property Fund	9.84	-2.60	9,740	-0.5
65	Pepkor	59.78	-2.78	9.722	-0.6
66	Lighthouse Capital	9.64	-3.45	9,655	-0.7
67	African Rainbow Capital Investments	7.53	-5.08	9,492	-1.0
68	Adcock Ingram	9.38	-7.80	9,220	-1.6
69	Quilter	28.66	-8.39	9,161	-1.7
70	Mondi plc	153.41	-8.88	9,112	-1.8
71	Tsogo Sun Gaming	12.93	-9.43	9,057	-2.0
72	Super Group	11.80	-10.16	8,984	-2.1
73	Life Healthcare Group	31.50	-10.85	8,915	-2.3
74	Astral Foods	7.34	-10.93	8,907	-2.3
75	AVI	24.53	-12.72	8,728	-2.7
76	Discovery	98.77	-12.76	8,724	-2.7
77	Anheuser-Busch InBev SA NV	1,880.83	-14.79	8,521	-3.1
78	Coronation Fund Managers	11.20	-15.11	8,489	-3.2
79	JSE	8.36	-15.46	8,454	-3.3
80	Investec Property Fund	5.96	-17.20	8,280	-3.7
81	Wilson Bayly Holms-Ovcon	8.06	-20.23	7,977	-4.4
82	Tiger Brands	29.47	-20.47	7,926	-4.5
83	Growthpoint Properties	40.52	-24.32	7,568	-5.4
84	RCL Foods	9.81	-24.62	7,538	-5.5
85	Sun International	9.69	-25.00	7,500	-5.6
86	Dis-Chem Pharmacies	20.56	-25.29	7,471	-5.7
87	Attacq	6.35	-28.87	7,113	-6.6
88	Mr Price Group	33.97	-29.86	7,014	-6.8
89	Fortress REIT B	6.70	-30.40	6,960	-7.0
90	The Foschini Group	34.58	-31.15	6.885	-7.2
91	Famous Brands	6.03	-33.62	6,638	-7.9
92	Globe Trade Centre S.A.	11.49	-34.34	6,566	-8.1
93	Aspen Pharmacare	76.84	-37.69	6,231	-9.0
94	The Spar Group	19.79	-39.62	6,038	-9.6
95	Shaftesbury Capital	54.88	-40.90	5,910	-10.0
96	Pick n Pay Stores	17.20	-41.69	5,831	-10.2
97	Telkom SA SOC	13.83	-42.02	5,798	-10.3
98	Omnia	9.19	-43.34	5,666	-10.7
99	Redefine Properties	25.25	-45.11	5,489	-11.3
100	Netcare	19.05	-46.21	5,379	-11.7

*Return over five years from September 1 2015 to August 31 2020, on a theoretical R10,000 investment. The results were compiled by Vestra Advisory and have been evaluated by Deloitte. The executive management of Arena Holdings have also considered certain subjective qualifying criteria, relating to the Top 100 Companies’ perceived compliance with good governance and ethical conduct. The Sunday Times Top 100 Companies in 2020 includes 93 companies. Due to market conditions, including the impact of the Covid-19 pandemic, fewer listed companies met the required criteria for inclusion.