Data available on the Capital IQ platform reveals a $29.1 billion surplus in debt for Africa's ten largest listed companies. According to a publication by the Ecofin Agency, despite covid-19 and its effects, the latter show a solid ability to repay their debts.

The total financial assets of the top 10 large companies listed on the African stock exchange are greater than their repayment commitments. Known net debt has a negative value of $29.1 billion. This means that the companies in question have more cash than commitments to repay.
This performance is driven by the South Africa-based standard bank financial group, whose cash position has a surplus of $19.3 billion on its debt. It is followed by another South African bank (FirstRand) which has a cash flow greater than its debt of $ 5.
The telecommunications sector also supports this strong financial position of the ten largest capitalizations in Africa. Kenya-based Safaricom has $355 million more debt. Maroc Telecom, the top ten listed African company with the highest level of debt compared to its cash position, has a positive net debt of $1.9 billion. Behind him, Vodacom, the South African competitor that is at $ 1.7 billion in debt.