Botswana companies top region capitalization

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HARARE: Thirteen Botswana companies are ranked among the top 50 best performing firms in southern Africa, excluding giant South Africa, according to the latest issue of African Business magazine.

In rankings issued this week by the London-based publication, Botswana companies rank second only to Zimbabwe, which tops the list with 19 companies in the top 50. The survey is based on market capitalisalion of companies listed on various stock exchanges in the region.
Zimbabwe-based Pretoria Portland Cement (PPC) leads the rankings with a market value of US$4,4 billion.
The bulk of the best performancing Botswana companies are financial and mining institutions.
Ranked second on the overall regional table, Barclays Bank, First National Bank (FNB), Standard Chartered Bank and Botswana Insurance Holdings Limited (BIHL) are Botswana's first, second, third and forth biggest performers respectively.
Barclays Bank (Botswana) has a market capitalisation of US$893 million, followed by First National Bank with US$884 million, Standard Bank with US$747 million and Botswana Insurance Holdings Limited, which has US$377 million in market value.
Other Botswana companies in the top 50 are Sechaba Breweries, who are sixth on the rankings with US$300 million, Letshego (13th with US$193 million), African Diamonds (18th with US$128 million), Engen (19th with US$122 million), Gallery Gold (35th with US$59 million), African Copper (36th with US$57 million), Sefalana Holdings (39th with US$52 million), Furniture Mart (41st with US$48 million) and African Banking Corporation Holdings (45th with US$38 million).
Zambia, with eight companies, is third behind Zimbabwe and Botswana.
Five companies are from Malawi, four from Namibia and one from Mozambique.
If South Africa is included, companies from the continent's biggest economy are dominant.
Although PPC is the best performing company in the region outside South Africa, the Zimbabwe-based company ranks a distant 27th when South African companies are included.
It is the only company in southern Africa that is in the top 50 with all the 49 being South African.
In addition to dominating the regional table, South African companies were ranked some of the best on the continent.
South-African mining giant Anglo-American Corporation, with a market value of US$71,8 billion, is Africa's number one, followed by BHP Billiton (US$45 billion), Anglo American Platinum Corporation (US$26,3 million), Sasol (US$24,6 billion), SABMiller (US$22,7 billion), MTN Group (US$20 billion), and Standard Bank Group (US$17,9 billion).
Said the magazine: "Companies doing well are South African Corporations with an appetite for expansion into SADC and COMESA markets, especially those in financial services, telecommunications, manufacturing, retail, mineral and fossil fuel extraction and business and leisure hospitality."

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