What is a Black-Owned Company?
Black-owned businesses (or Black businesses), also known as African-American businesses, originated in the days of slavery before 1865.
Emancipation and civil rights permitted businessmen to operate inside the American legal structure starting in the Reconstruction Era (1863–77) and afterward. By the 1890s, thousands of small business operations had opened in urban areas.
Top Black-Owned Companies In South Africa
Spinach King
Spinach King is a business owned by Lufefe Nomjana from Khayelitsha The business was established in 2011. The aim of the company is to promote the consumption of spinach by producing innovative spinach products.
Spinach contains all six major classes of nutrients and it is one of the most highly affordable vegetables in the world. Spinach King wants to make this nutritious product more easily accessible
Billdore Jewellery
Billdore Jewellery is a black-owned Jewellery service that offers an extensive selection of diamonds, gold and silver jewellery, watches, accessories, gifts and more, as well as our magnificent engagement rings and wedding rings collection.
Mthembu Tissue Converting
Mthembu Tissue Converting also known as MTC is a 100% black-owned tissue converting company which is headed by Mr Thembinkosi General Mthembu.
Ramtsilo
Ramtsilo is a 100% black female-owned company that has created a Circular Green Economy in the Plastic Recycling and Building Material Industry. They provide Waste Management and Recycling Services for plastic waste pollution which is used in the manufacturing of strong, durable and fire-retardant bricks.
Their Plastic bricks have created direct and indirect employment for a number of young and old individuals in our operations, in the recycling industry and in the construction industry.
Ifutho Paper
Ifutho paper is a product of Ifutho Investments PTY (LTD) owned by Mbalenhle Ngcobo which is a 100% black-owned and managed company and has 60% women ownership.
The main objective of the company is to capitalise on the available opportunities and provide a platform for previously disadvantaged individuals to participate in the mainstream economy in order to alleviate poverty. T
The Pizza Guy
Thabani Jabulani Dube(21) from Durban, is a self-taught pizza maker and owner of The Pizza Guy. He makes and sells pizza’ from his home at Umlazi V511, S. Nyawose Road, Monday to Saturday from 9 am to 8 pm.
Avari Cars
Avari Cars is a 100% black-owned company by Thembinkosi Pantsi who is the co-founder & CEO of the premium car dealership located in Menlyn, Pretoria.
Premium Pre-Owned Vehicle Dealership in South Africa that offers a professional buying and selling experience of pre-owned premium cars spanning Vehicle Sales, Financial Services and After Sales Servicing.
Tlotlego Handcrafts
Tlotlego Manufacturing was initiated in 2016 by Ike Lekgoro under the banner of Come Again Holdings (Pty) Ltd. Reg No: 2016/ 351147/ 07
Was established in Burgersfort Limpopo Province. South Africa in 2016 by a young dedicated and motivated business entrepreneur with extensive business experience.
it was established with a vision to become a key participant in the economy through employment creation and fight the plight or socio-economic challenges, The company’s intention is to better the lives of the local people who are directly and indirectly affected by its operations.
How many black businesses are owned in South Africa?
The downward trend has persisted despite the more than 500 B-BBEE ownership deals worth over 600 billion rands ($36.1 billion) reported to the commission since 2017 that aimed to facilitate the transfer of ownership to Black people
Who is the successful black businessman in South Africa?
Recent News. Patrice Tlhopane Motsepe, (born Jan. 28, 1962, Soweto, S.Af.), South African businessman and the country’s first black billionaire.
Motsepe made his fortune through mining interests that eventually expanded in 2004 to form a successful multifaceted mining company, African Rainbow Minerals (ARM).
Which race owns most businesses in South Africa?
For the 130 companies included in the report, black ownership was just 39%. The remaining 61% reflects ownership by white South Africans and by foreign nationals.
Who is the biggest millionaire in South Africa?
South Africa’s richest man, Johann Rupert, is one of the global billionaires who reaped the benefits of luxury goods over the last year.
According to Hurun, Rupert’s wealth jumped to US$11 billion in 2023, ranking him as the 187th richest person in the world.