Johannesburg – Tobacco Company, British American Tobacco (BAT) is the biggest JSE listed company for 2016, with a market capitalization over R1.5 trn.
This is according to data compiled by investment firm BayHill Capital. The firm’s report looks at how the composition of the JSE has changed over 40 years. It focuses on the years 1976, 1986, 1996, 2006 and 2016 specifically. Over the four decades, companies from the natural resources sector and consumer goods sector dominated the list.
As far back as 1976, explosives and speciality chemicals group AECI was the largest company with a market capitalization of R0.30bn. It slipped down the ranking and in 1986 it reported a market capitalization of R2 24 bn. AECI now has a market capitalization over R14 bn.