South Africa's Growth Champions 2025
In partnership with News24, South Africa’s Growth Champions 2025 is a list of the Top 50 companies in South Africa that have achieved the highest compound annual growth in revenues between 2020 and 2023.
- Clear and detailed methodology
- Segmented by industry
- Partnered with News24
Who are
South Africa's Growth Champions 2025
project registration
Companies that are interested in participating in next year’s ranking can register below to be notified when applications open.
Winners portal
Claim your award
Every winner gets contacted by our team directly with our prestigious awards. Not sure if you already got our reward? Contact us.
Project Details
About the project
For the second time News24, in partnership with Statista, seek to identify the fastest-growing South African companies from 2020 to 2023. South Africa’s Growth Champions 2025 ranking is a list of the Top 50 companies in South Africa that have achieved the highest percentage growth in revenues between 2020 and 2023. The annual high-profile list compiled by Statista and News24 is a visible and public acknowledgement of fast-growing companies in South Africa which is published online.
237.8%
Highest CAGR
10.9%
Minimum CAGR to be included
50
Companies awarded
calculation of growth rates
The calculation of company growth rates is based on the revenue figures submitted by the companies in the respective national currency – Rand.
The compound annual growth rate (CAGR) was calculated as follows:
methodology
How we work
Application Phase
The project was advertised online and in print, allowing all eligible companies to register via the websites created by Statista and the News24. In addition, through research in company databases and other public sources Statista has identified thousands of companies in South Africa as potential candidates for the ranking. These companies were invited to participate in the competition by email.
The application phase ran from October 2024 to January 2025. The submitted revenue figures had to be certified by the CFO, CEO or a member of the Executive Committee of the company.
Criteria
Operational headquarters in South Africa
Revenues of at least USD 100,000 (around R1.65 million) generated in 2020
Revenues of at least USD 1,500,000 (around R27.68 million) generated in 2023
Primarily organic revenue growth between 2020 and 2023 (i.e., “internally” stimulated)
Independence (The company acts largely independently in its business decisions and does not derive financial benefits from its parent company
Evaluation
Following the application phase, Statista examined the officially stated revenue data of public companies. In the next step certain high-profile companies that met the aforementioned criteria were added to the list.
Quality Assurance
All data reported by the companies was processed and checked by Statista. Missing data entries (employee numbers, address data, etc.) were researched in detail. Companies that did not fulfill the criteria for inclusion in the ranking were deleted.
A detailed report on our methodology is available here.
contact us
Get in touch with us. We are happy to help.
Whether you have questions about your rank, our projects, or why you’re not on the list. Contact us.
