Johannesburg’s Top Financial Firms

Johannesburg’s top financial firms

Johannesburg’s top financial firms encompasses a broad range of businesses that manage money these include banks, insurance companies, accountancy companies and investment funds.

Bank – Standard Bank

In the banking sector when it comes to which bank holds down the top position Standard Bank tops the banking charts this according to annual publication Top 500 South Africa’s Best Managed financial firms for 2017.

Standard Bank has the sector’s highest turnover, along with the highest rand growth and strong employee efficiencies.

Standard Bank is one of South Africa’s (SA’s) largest financial services groups, operating in 20 countries across Africa and other key markets around the world.

Short-term insurance – Santam Limited

Santam Limited has held the top spot for six consecutive years now for short-term insurance in the annual publication Top 500 South Africa’s Best Managed financial firms. It’s the largest company in the industry with the second highest employee efficiency. And it’s by far the biggest long-term insurer in SA in terms of market share.

Also according to the 2017 South African Customer Satisfaction Index (SAcsi) for Short-Term Insurers, conducted by Consulta, South African short-term insurance customers are the most satisfied with Santam’s offerings.

With an overall SAcsi score of 81.3, it reports Santam is well above the industry average of 75.8. It’s the only insurer to consistently improve its score over the past three years, from 77.3 in 2014 and 80.0 in 2015, when it overtook Outsurance to become the industry leader, SAcsi said.

Santam scored 80.0 in 2016 and 81.3 in 2017.

Accounting and consulting – PwC South Africa

PricewaterhouseCoopers South Africa has the sectors highest rand growth. It’s also Africa’s largest provider of professional services.

PwC comes in amongst one of the largest accounting firms in the world. They’re headquartered in London with locations in more than 150 countries and more than 750 offices worldwide. PwC offer a wide range of services but specialise in audit and assurance, tax, and consulting.

Each year the world’s largest accounting firms grow a little larger. With mergers and acquisitions for that never ending competition for global supremacy and it’s no different with PwC. They merged in 2013 with Booz & Co, a medium sized consulting firm.