Top 2 Unicorn Companies in South Africa

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South Africa, a nation with a rich history of innovation and entrepreneurship, has witnessed an incredible surge in the number of unicorns – privately held start-up companies valued at over $1 billion – in recent years. With the rapid growth of the South Africa economy and the rise of disruptive technologies, these 2 unicorn companies have become the driving force behind the nation’s rise as a global powerhouse.

So without any delay, let’s get started and discover the world of South Africa’s unicorn companies!

List of 2 Unicorns in South Africa

1. Promasidor Holdings

A leading FMCG company in Africa providing quality, affordable and nutritious food products

Company Details:

  • Valuation: $1.59B
  • Investors Name: IFC, Ajinomoto
  • City: Bryanston
  • Industry: Consumer & retail
  • Total Funding Raised: $556M
  • Founded Year: 1979
  • Joined Unicorn Club: 11/8/2016
  • Total Investors:
  • Total Deal Terms: 1
  • Website:

2. Cell C

A South African mobile network operator providing voice and data services

Company Details:

  • Valuation: $1B
  • Investors Name: Blue Label Telecoms, Net1 UEPS Technologies
  • City: Midrand
  • Industry: Mobile & telecommunications
  • Total Funding Raised: $546.97M
  • Founded Year: 2000
  • Joined Unicorn Club: 8/7/2017
  • Total Investors:
  • Total Deal Terms: 2
  • Website:


In conclusion, South Africa’s top 2 unicorns showcase the nation’s innovative power and economic growth. These companies are making a global impact and reshaping industries. Keep an eye on these trailblazers, as they continue to redefine success in the ever-evolving world of innovation.

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