SUNDAY TIMES TOP 100 COMPANIES

VIEW 2025 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 2019 to 31 August 2024, 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 2024

	Share name	Market cap as at Aug 31 2023 (Rbn)	Total return (%)	*Final value (R)	Compound annual growth rate (%)
1	Alphamin Resources	17.38	430.8	41.88	39.6
2	Grindrod	9.89	318.8	35.722	33.2
3	Pan African Resources	13.88	257.2	35.636	29
4	Altron-A	6.99	256.4	33.762	28.9
5	Harmony Gold Mining	112.78	237.6	32.955	27.6
6	Aspen Pharmacare	107.10	229.6	32.439	26.9
7	Gold Fields	221.91	224.4	31.653	26.5
8	Raubex Group	8.95	216.5	31.577	25.9
9	AdvTech	17.96	215.8	31.266	25.9
10	Shoprite Holdings	183.36	212.7	31.146	25.6
11	Outsurance Group	73.39	211.5	30.86	25.5
12	Investec	127.47	208.6	28.948	25.3
13	Capitec Bank	339.70	189.5	28.881	23.7
14	DRDGold	12.98	188.8	28.881	23.6
15	Truworths International	39.78	176.1	28.881	22.5
16	Exxaro Resources	55.89	170.0	28.881	22.0
17	Investec Ltd	127.47	162.1	28.881	21.3
18	Glencore	1,138.94	161.1	28.881	21.2
19	Afrimat	10.55	156.7	28.881	20.7
20	Fairvest	7.57	155.8	28.881	20.7
21	Stadio Holdings	5.13	154.9	28.881	20.6
22	Fortress Real Estate Investments-B	22.58	152.4	28.881	20.3
23	Compagnie Financière Richemont	1,658.66	151.7	28.881	20.3
24	PSG Financial Services	22.04	150.1	28.881	20.1
25	Alexander Forbes Grouptd>	8.72	127.9	28.881	17.9
26	Hudaco Industries	5.86	127.1	28.881	17.8
27	Omnia	10.40	126.6	28.881	17.8
28	BHP Group	2,470.48	124.1	28.881	17.5
29	Sirius Real Estate	34.24	117.1	28.881,	16.8
30	Momentum Group	39.22	117.0	28.881	16.8
31	Motus Holdings	21.64	115.8	28.881	16.6
32	Anglo American	631.81	115.2	28.881	16.6
33	Wilson Bayly Holmes-Ovcon	14.46	113.9	28.881	16.4
34	Clicks Group	88.96	110.0	28.881	16.0
35	Reinet Investments	93.71	107.2	28.881	15.7
36	Lesaka Technologies	6.09	102.4	28.881	15.1
37	Hosken Consolidated Investments	15.92	96.5	28.881	14.5
38	Datatec	8.29	95.6	28.881	14.4
39	Firstrand	482.30	90.6	28.881	13.8
40	African Rainbow Minerals	39.09	86.7	28.881	13.3
41	Bidvest Group	99.09	86.4	28.881	13.3
42	Standard Bank	401.54	85.0	28.881	13.1
43	Nedbank Group	144.79	82.8	28.881	12.8
44	British American Tobacco	1,462.86	81.2	28.881	12.6
45	South32	168.94	79.8	28.881	12.5
46	Fairvest Ltd-B	7.57	79.4	28.881	12.4
47	Mr Price Group	63.94	74.3	28.881	11.8
48	AVI	34.49	73.8	28.881	11.7
49	Quilter	45.48	72.6	28.881	11.5
50	Stor-Age Property REIT	6.93	69.3		11.1
51	Dis-Chem Pharmacies	30.10	68.6	16.861	11.0
52	Emira Property Fund	5.67	66.1	16.614	10.7
53	Anglogold Ashanti	222.00	66.0	16.599	10.7
54	Southern Sun	8.91	65.8	16.575	10.6
55	Sanlam	188.19	64.5	16.449	10.5
56	SA Corporate Real Estate	6.89	61.8	16.183	10.1
57	Reunert	14.29	60.8	16.077	10.0
58	Santam	40.47	60.4	16.036	9.9
59	Remgro	82.12	59.9	15.994	9.8
60	NEPI Rockcastle	95.31	58.4	15.838	9.6
61	Absa Group	157.29	58.3	15.835	9.6
62	Kumba Iron Ore	113.66	57.2	15.718	9.5
63	Vukile Property Fund	20.23	55.4	15.543	9.2
64	AECI	11.18	55.2	15.515	9.2
65	Bid Corp	150.64	54.7	15.472	9.1
66	Coronation Fund Managers	14.19	52.7	15.269	8.8
67	African Rainbow Capital Investments	9.30	52.6	15.259	8.8
68	Resilient REIT	20.88	50.2	15.024	8.5
69	MAS	12.54	47.6	14.764	8.1
70	Barloworld	17.82	45.4	14.543	7.8
71	Lighthouse Properties	15.04	45.3	14.526	7.8
72	Pepkor Holdings	80.66	44.3	14.435	7.6
73	Northam Platinum	41.78	43.9	14.386	7.5
74	Attacq	8.60	43.3	14.331	7.5
75	Discovery	103.49	43.0	14.299	7.4
76	Woolworths	63.93	42.2	14.223	7.3
77	Mondi Plc	151.98	41.6	14.165	7.2
78	Tiger Brands	42.49	36.2	13.62	6.4
79	Adcock Ingram	10.40	34.8	13.477	6.2
80	JSE	10.10	34.3	13.435	6.1
81	Astral Foods	7.49	33.0	13.304	5.9
82	Oceana Group	8.93	32.7	13.269	5.8
83	Old Mutual	61.80	30.4	13.037	5.4
84	Clientele	5.44	29.9	12.994	5.4
85	Vodacom Group	228.65	28.7	12.866	5.2
86	Naspers	668.70	26.0	12.597	4.7
87	Sappi	27.36	18.3	11.831	3.4
88	Italtile	16.64	17.4	11.741	3.3
89	Impala Platinum	69.64	17.1	11.713	3.2
90	Sun International	10.82	15.2	11.519	2.9
91	Tharisa	5.97	10.6	11.064	2.0
92	TFG	47.96	10.3	11.029	2.0
93	Life Healthcare Group	21.09	9.2	10.918	1.8
94	PPC	6.49	9.0	10.903	1.7
95	Equites Property Fund	11.01	5.2	10.516	1.0
96	Sibanye-Stillwater	48.77	4.1	10.408	0.8
97	Growthpoint Properties	48.37	3.6	10.358	0.7
98	Super Group	9.44	2.8	10.283	0.6
99	MTN Group	167.44	2.8	10.28	0.6
100	Tsogo Sun	12.40	2.2	10.224	0.4

*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.