We Searched For Some Of Sa's Fastest-growing Companies - Here They Are

Two companies that provide online solutions for motorists, and a group co-founded by a former Springbok rugby player, were among the fastest-growing companies in the country over the past three years.

For the second year running, News24 joined the international data company Statista in a search for South Africa's Growth Champions companies that have seen strong growth in their revenue between 2020 and 2023.

Companies that generated at least 100 000 around R1.65 million, at the prevailing exchange rate in 2020 in revenue in 2020 and at least 1.5 million R27.7 million by 2023 were encouraged to register. Entrants needed to be independent businesses not subsidiaries or branch offices, with operational headquarters in South Africa.

The winners were determined based on the compound annual growth rate CAGR of revenues from 2020 to 2023. The ranking criteria required that revenue growth be primarily organic in other words, not due to mergers or company takeovers.