TouchWiz (TouchWiz Nature UX on Samsung Galaxy S III mini) allows creating folders and reorganizing application in application list / app drawer (in "Apps") when using 'Customisable grid' view type:
"Menu > View type > Customisable grid", then "Menu > Create folder"
This allows creating folders to group applications. You can edit name of folder by touching it and then touching on name, you can put such folder on home screen / launcher via long press, and you can put applications in folder via "Menu > Edit" and selecting folder (edit works only on folders); then in this edit mode you can add apps with "+", and remove them by moving them outside folder.
I cannot find however how to remove such folder from TouchWiz app drawer.
(The articles and answers I have found by googling are about folders on home screens, i.e. in apps launcher not apps drawer).