As the trade war continues between the US and China, the countries have reached some kind of parity on the 2019 Fortune Global 500 list.

China has 129 companies on the list, while the US has 121.

The top 500 companies are decided on total revenues for their respective fiscal years.

The list follows on from the Fortune Global 2 000 list that ranks the world largest companies, including those from South Africa.

BusinessTech reports that Standard Bank is the largest company in South Africa, ahead of Naspers and FirstRand, although it slipped down the overall ranking in 2019.

Absa Group, along with Nedbank and Old Mutual, feature on the 2019 list, having not been included in recent years, with the likes of MMI Holdings and Remgro slipping down, and off the list, from previous rankings of 1,559 and 1,808 respectively.

Here are the biggest companies in South Africa (the market value is given in US$billion)

The list features many of the companies that also came out on top in the rankings for South Africa’s most valuable and strongest brands.

We’ll end off with the top 10 largest companies in the world:

Rumour has it Amazon is coming for Walmart’s lunch.

[source:businesstech]