Wesgro congratulates Cape Town based Naspers for entering the PwC’s Global Top 100 Ranking report, which lists the top 100 companies from around the globe.
This is the first time a South African company has made it onto the list, with the Cape Town headquartered company clocking in at 79th place. The market capital of Naspers was calculated to be USD107 billion at the end of March 2018.
Wesgro CEO, Tim Harris, commented: “Boasting world-class infrastructure, a record of clean governance, excellent access to the rest of Africa, and high-levels of innovation, Cape Town is perfectly located to be a headquarter for companies that want to access opportunities in our region, continent and the rest of the world. We congratulate Naspers on this stellar achievement and look forward to seeing the company grow further.”
Minister Alan Winde said: “We are very pleased that South Africa and the Western Cape are featured on this list and congratulate Naspers on their achievement. We hope to see many more Western Cape headquartered companies joining this list in the future, as more investors take note of the what the province has to offer and chose to base themselves here, helping to expand our economy, and create new jobs.”
“Naspers is showing Cape Town as a hub for innovation in Africa and the world. The company that started as a traditional newspaper company is now dominating satellite television, internet retail and innovation across the continent, China, and the world. This all is happening under the leadership of determined Capetonians. The City of Cape Town will continue to create a globally competitive city, with good infrastructure and connectivity. I look forward to seeing many more Cape Town based companies on the list in the near future,” added Executive Mayor Patricia de Lille.
Issued by Wesgro Media Team, 29 June 2018
