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