BULAWAYO — Zimbabwe’s top listed companies Delta Corporation and Econet Wireless have been placed among the 30 biggest companies by market capitalisation in sub-Saharan Africa excluding South Africa, for the period ending November.
According to a report released by the United Kingdom-based Harland Peel Africa Equity Research on Wednesday, Delta ended the month of November ranked 16 with a market capitalisation of $1,396 billion while Econet was the 22nd biggest firm, with a market capitalisation of $1,130 billion.
Delta’s market capitalisation was, however, down from $1,6 billion in October when it was ranked 19. Harland Peel noted that overall, market capitalisation of the Top 30 companies was down 10,3% in November on negative currency movement.
Nigerian companies Dangote Cement and Nigerian Breweries are listed as the top companies with market capitalistion of $17,169 billion and $7,29 billion respectively.
The Zimbabwe Stock Exchange is ranked sixth best with a market capitalisation of $5,1 billion for the period, some way behind Nigeria which was atop at $63 billion.
— The Source.
