As of Monday morning’s open on Wall Street, Apple — the listed US company that’s attracted the largest valuation of them all — had a market capitalisation of US$1.7-trillion.
In rand terms, and at the time of writing, that’s R28.5-trillion. South Africa’s nominal 2019 GDP was $358.8-billion, or R6-trillion. On that basis, Apple’s market value is 4.8 times the value of all the goods and services produced (the definition of gross domestic product) in South Africa in 2019.
