Ranking
South Africa’s Growth Champions 2025
South Africa's Fastest-Growing Companies 2025 awards the top 50 south African companies with the highest compound annual growth in revenues between 2020 and 2023.
- Based on a clear and detailed methodology
- Segmented by country and industry
- Created in partnership with News24
237.8%
237.8%
highest CAGR
10.9%
10.9%
minimum CAGR to be included
50
50
companies awarded
Ranking Details
South Africa’s Growth Champions 2025
Total:
Total companies:
0 companies
AWARDING YOUR EXCELLENCE
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Every awardee is contacted by email with instructions on accessing the award portal.
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Project Details
About the project
The second edition of South Africa's Growth Champions ranks companies according to percentage growth in revenues between 2020 and 2023. To be included in the list, companies had to be independent and have primarily organic revenue growth of at least 100,000 USD generated in 2020 and 1.5 million USD generated in 2023. Companies also had to have their operational headquarters in South Africa.
Published online by Statista and News24, the annual high-profile list is a visible and public acknowledgement of fast-growing companies in South Africa.
HOW WE CALCULATE CAGR
Calculation of growth rates
Company growth rates were calculated based on revenue figures submitted by the evaluated companies in the respective national currency – Rand.
The compound annual growth rate (CAGR) was calculated as follows:
METHODOLOGY
How we work
Learn about our general approach to creating rankings for fastest growing companies. Further details about how the ranking was created can be found in the South Africa’s Growth Champions 2025 methodology.
01 Concept
The Fastest Growing Companies project ranks businesses based on their revenue growth percentage over three years, focusing on organic growth. The rankings include companies that meet set criteria like revenue thresholds, independence and financial performance.
02 Data Collection
For data collection, we create online application forms that eligible companies can use to register and submit financial and business information. Additionally, our analysts identify potential candidates for the rankings through research in company databases and other public sources, inviting them to apply for the ranking via mail, email or phone.
03 Evaluation
In order to evaluate candidates, revenue figures are verified by company management, with additional checks for small or unincorporated companies. Revenue growth rates are then calculated using the compound annual growth rate (CAGR) based on the companies’ reported figures. For better comparability, all revenues are standardized to a single currency.
04 Quality Assurance
Our team of analysts rigorously checks and verifies submissions, researches missing data in public and proprietary sources, and excludes companies that do not meet the eligibility criteria. A minimum growth rate is required for inclusion in each ranking.
Partnership
Our media partner
Created in 1998, News24 is one of South Africa’s leading news brands, delivering trusted, breaking news and in-depth reporting to millions of readers every day. With a commitment to journalistic excellence, News24 covers national and global events across politics, business, sport, and lifestyle.
GET CONSIDERED FOR AN AWARD
Apply for the next round of ranking
If you would like your organization to be considered in the next edition of this ranking, please register below or contact us for more information.
Have questions?
Get in touch with us
You can contact us via the phone number or email below for any queries related to this project. We look forward to hearing from you.
James Bacon
James Bacon
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