More than 40% (147) of Africa`s 345 companies with revenues exceeding R18.8 billion (US$1 billion) are based in South Africa, a new report by wealth tracker McKinsey Global Institute (MGI) says.

SA is the leader of the pack because it registered a 5.5% yearly average growth between 2015 and 2021 against a continental average of 4.9%.

Egypt comes in second with 43 billionaire companies, followed by Nigeria with 23 and Morocco with 20.

A distant fifth is Angola, with nine billionaire firms.

The rest of the African countries range between zero and 6.

The report revealed that 230 of those firms were founded in Africa or by Africans.

MGI estimates that by 2030, Africa`s large corporations would have a combined value of over R10 trillion.

`We estimate that large companies in Africa could increase their revenues collectively by more than $550 billion by 2030 with ambitious strategies to access new markets, strengthen productivity, increase operational efficiency, and play a role in society,` reads the report.

The report notes that the Covid-19 pandemic slowed down economic growth on the continent as `the number of large corporations overall on the continent shrank compared to other regions and countries.`

Most of the top-performing companies on the continent, according to the report, are in the fields of mining, oil and gas, retail, telecommunications, manufacturing, and financial services.

Poverty and growth

In terms of population, Africa

has the numbers. According to estimates from Our World Data, by 2030, Africa`s most populous countries would be Nigeria, the Democratic Republic of the Congo, Ethiopia, Tanzania and Egypt.

The World Bank estimates that if things such as healthcare, economies, governance, and food security don`t improve, nine in 10 extremely poor people will live in sub-Saharan Africa.

Consumption in Africa falls behind at the global level because most people on the continent live in conflict, famine and poverty.

Hence to unlock R56.4 trillion in consumer power, `this will take more than a growing population`, says the report.

There`s a need for political and leadership will at the country-to-country level for the continent to map a sustainable growth pattern.

`Successes achieved at granular levels in countries, cities, and sectors offer models to reaccelerate growth.

`Increasing digitisation, developing talent, collaborating more regionally, supporting more business champions, and building green businesses are just some of the ways Africa can increase productivity,` reads the GMI report.

The report estimates that if things were done accordingly, 250 million Africans will join the consuming class by 2030 and they will present `an opportunity for businesses to offer affordable prices at scale, target expansion in growth hot spots, and innovate in local value chains.` V.4890

One of the highlighted topics: Critical Skills Visa.

- Key Insight: Is your profession on the Critical Skills List? This visa is your fast track to working in South Afr...
- This matter relates to critical skills visa and its broader implications.
- Individuals are advised to seek professional guidance.

Is your profession on the Critical Skills List? This visa is your fast trac V.6139
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One of the applicants, Phindile Mazibuko, became a victim of identity theft in 2012 when fraudulent transactions occurred, using her personal details.

-The Pretoria High Court found that the department of home affairs had violated constitutional rights without due process.
-Only half of Lawyers for Human Rights` test group has been unblocked, while 385 000 identities remain blocked nationwide.
-LHR appeals extension, urges affected people to seek help now.

Lawyers for Human Rights (LHR) are intensifying pressure on the department of home affairs over the national ID-blocking crisis, accusing the state of acting too slowly to unblock qualifying individuals despite a landmark court ruling.

In January last year, the Pretoria High Court found that the department`s practice of blocking IDs without due process was unlawful and unconstitutional. One of the applicants, Phindile Mazibuko, a Swati citizen and South African permanent resident since 1998, fell victim to identity theft in 2012 when fraudsters used her personal details.

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The Border Management Authority (BMA) has doubled its staff at Airports in South Africa , including immigration officers.

What does this mean for travelers? V.6128
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The Border Management Authority (BMA) has doubled its staff at Airports in South Africa , including immigration officers.

What does this mean for travelers? V.6129
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A Washington state mother and her 6-year-old son have been released after spending more than three weeks in US immigration detention due to a brief trip to Canada and a small paperwork mistake, her attorney told CNN on Saturday.

Sarah Shaw, a New Zealand citizen who has lived legally in the US since she arrived in 2021, was detained at the Blaine, Washington, Customs and Border Protection checkpoint when returning home after dropping her two oldest children off at the Vancouver airport for a flight to visit their grandparents in New Zealand. Shaw, 33, chose the flight out of Vancouver because it was direct and she didn`t want her children to have to navigate a layover alone, her attorney Minda Thorward, told CNN.

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On 22 July 2025, the Gauteng High Court dismissed Sitrusrand Boerdery`s review of the Department of Employment and Labour`s refusal to issue a Working Conditions and Salary Benchmarking Certificate, an essential precondition for obtaining corporate visas under the Immigration Act.

Acting Judge Kekana AJ held that the Department`s decision was lawful, rational and procedurally fair. This judgment illustrates how businesses can - and must - structure their corporate visa applications to meet statutory requirements, and how legal practitioners should prepare robust review challenges when administrative authorities decline to recommend foreign-work permits.

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The United States could forfeit an estimated 9.4 billion dollars in visitor spending over the next three years following the introduction of a new 250 dollars `visa integrity fee,` according to industry groups, who warn the policy risks undermining tourism and costing thousands of jobs.
The United States’ decision to introduce a 250 dollars `visa integrity fee` on international visitors has triggered sharp criticism from the global tourism industry, with officials warning that the measure could deter millions of travellers and cost the U.S. economy billions.
The 250dollar `visa integrity fee,` part of the One Big Beautiful Bill Act signed on July 4, 2025, will take effect later this year. According to immigration law firm Envoy Global, it applies to all nonimmigrant visa holders which include students, tourists, temporary workers, and business visitors particularly from African countries. V.6132
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The Border Management Authority (BMA) has doubled its staff at Airports in South Africa , including immigration officers.

What does this mean for travelers? V.6127
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1. Right to Legal Representation•You have the right to consult with a legal representative.•Contact an immigration practitioner, legal aid clinic, or attorney urgently.•Do not sign any documents without understanding them fully. 2. Section 34 of the Immigration Act•You must be brought to court with 48 hours to confirm arrest but you can remain locked up very long as courts figure out what to do with you •If you`re found to be illegally in South Africa, you may be detained for up to 30 days (extendable by a magistrate) pending deportation.•BUT this cannot happen arbitrarily. You must be informed of your rights, and Home Affairs must follow due process.- becomes a nightmare , you could lose your job , business , place to stay V.6121
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Driving for Bolt, Uber, Mr D, or Checkers Sixty60?If you`re undocumented, you`re risking more than just your income.The Risks if You`re Not Legal: - Vehicle impoundment - Heavy fines - Arrest & deportation - Permanent bans from working in SA V.6122
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