Correction
The statistics, and therefore the rankings, accorded Investec and AngloGold do not reflect the empowerment status of the companies. The rankings should be disregarded.


Debates over black economic empowerment are alive and kicking. They are often emotionally charged - driven by white fears and black aspirations. In many cases, though, there is a dearth of information underlying the debates. Top Empowerment Companies is the most ambitious attempt yet to provide a benchmark for, and a comprehensive picture of, BEE.

With a strong research partner in Empowerdex, TEC has set out to calculate the successes and failures of the JSE Securities Exchange's sectors and listed companies. TEC presents the achievements of listed companies in seven empowerment factors: black ownership; black management; employment equity; skills development; affirmative procurement; enterprise development; and corporate social investment.

 
Financial Mail's Top Empowerment Companies 2004
Financial Mail Survey
 30 April 2004
CONTENTS
  Upfront
    		• Introduction
    		• Insights - The year sets the tone by Chia-Chao Wu
      The Winners
    		• Telkom - Committed to building a black middle class
    		• Sekunjalo - It has survived to big crises
    		• MTN Group - SA's most profitable mobile phone company
      Empowerment Finance
    		• Insights - Vuyo Jack looks forward to a single economy
    		• The challenge of funding - Where there is a will, there is a way
      Ranking by sector
    		• Retail - Employment equity and skills
    		• Services - Adcorp's structure has been simplified
    		• Media - Groups have lost empowerment equity
    		• ICT 1 - Slow on the uptake
    		• ICT 2 - Datacentrix is ahead of other SA ICT firms
    		• Cyclical goods - The transport groups lead the sector
    		• Basic industry 1 - Iscor takes top place
    		• Basic industry 2 - Other industries are ahead of construction
    		• Financial services - Metropolitan Life takes first place
    		• Resources - No empowerment shareholder for Kumba
    		• Noncyclical goods - Sector rests on broad-based empowerment
      Empowerment factors
    		• Insights - Much about charters is still at issue by Andrea Brown
    		• Ownership - Direct versus indirect ownership
    		• Skills - The complex new legal framework
    		• Employment equity - Equity must be taken more seriously
    		• Management - There are not enough black professionals
    		• Affirmative procurement and enterprise development
      State Institutions
    		• The PIC and the IDC
    		• Transnet
    		• Eskom
    Black Giants
    		• J&J - The focus is on cashflow
    		• Kunene Brothers - How the company became a deal-maker
    		• Kagiso - A rigorous investment policy has paid off
    		• Nozala - Resources companies and resource services
    		• African Vanguard Resources - How to create capital out of nothing
    		• Safika - The company has yet to land a big deal
    		• Mvelaphanda - Bringing the underlying assets under control
    		• Brimstone - An appetite for industrials and financials
      Top 200 empowerment companies table - 1 to 100
      Top 200 empowerment companies table - 101 to 200
    Editorial team

    Projects editor: Stuart Theobald
    Writers: Duma Gqubule, Marina Bidoli, Thandeka Gqubule,
    Stephen Cranston, Chris Gilmour, Jacqui Pile, Andrea Brown, Shareen Singh,
    Michelle Joubert, Duncan McLeod, Sibonelo Radebe, Stuart Theobald.
    Photographers:Robert Tshabalala, Russell Roberts, Jeremy Glyn,
    Hetty Zantman, Kelly Walsh, Trevor Samson.
    Creative Director: Jignasa Diar
    WebEditor: Jacqueline Bullard
    Web Assistant: Julie Gough

    Copyright: Financial Mail 2004

     

     


    Sizwe Nxasana - Telkom

    Iqbal Survè - Sekunjalo


    Phuthuma Nkleko - MTN

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