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Why are big companies important to a country

Why are big companies important to a country?

On this page, we will discuss why are big companies important to a country.

What is considered a big company?

What is considered a big company? Well, a company must employ at least 500 employees or workers to be considered as a big company.

The top 10 biggest companies in South Africa by market capitalisation

  • Vodacom Group Ltd (R213 bn)
  • Standard Bank Group Ltd (R306 bn)
  • FirstRand Limited (R367 bn)
  • Anglo American Plc (R530 bn)
  •  Compagnie Financiere Richemont SA (R610 bn)
  • Glencore Plc (R676 bn)
  • The BHP Group Plc (R730 bn)
  • British American Tobacco Plc (R1245 bn)
  • Naspers Limited (R1519 bn)
  • Anheuser Busch Inbev (R2117 bn)

Reasons why big companies are important to a country

  • Bigger corporations are more productive,
  • they pay higher wages,
  • enjoy higher profits,
  • and are more successful in international markets,

Therefore, a country’s economic success can be linked to its high numbers of big corporations

Sources

https://www.ig.com/za/trading-strategies/10-largest-listed-companies-in-south-africa-190725

Big Companies

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