Time is of the essence for SA firms ... but the journey is going to require clearer pointers from government, and a bit of patience from business.

The market must get this message loud and clear. This survey, Top Empowerment Companies (TEC), should not be seen as a competition. Not in the true sense of the word. It is not a beauty contest for some glitzy prize. It is more of a platform where SA corporations gather to share notes about how they are tackling the gigantic task of transforming their ranks.

Behind the idea of publishing TEC is an acknowledgment that transformation is a challenge.

But then time is of the essence in this political project. The party will be over should there be widespread belief that the smooth political transition, which ushered in democracy in 1994, is not about to find economic meaning.

A joint project between the FM and BEE rating agency Empowerdex, TEC is compiled by applying the broad-based BEE scorecard on companies listed on the main board of the JSE. What emerges is a mix of quantitative and qualitative analysis of BEE trends within a given year.

Click here for the Black Empowerment website.

 

Top Empowerment Companies 2008

Financial Mail Survey
 4 April 2008
CONTENTS
  Upfront
    		• Introduction - Time is of the essence for SA firms
    		• Methodology
    		• In my opinion - Not just an advantage, it's now a necessity
    		• Overview - Now's the time to start walking the talk
      The Winners
    		• Adcorp Holdings, SA's most empowered company - Launching the fourth wave of empowerment
    		• Merafe Resources, SA's second-most empowered company - Showing miners the way
    		• HCI, SA's third-most empowered company - Long empowerment journey pays off
      Sectors
    		• Introduction - The debate gains momentum
    		• ICT winner - Paracon's empowerment through recruitment
    		• ICT sector - Medium-sized IT players take the lead
    		• Retail winner - Massmart recovers to impress
    		• Retail sector - A slow start for retailers
    		• Financial services sector - Charter feud clouds a good story
    		• Food & beverages winner - Tongaat Hulett flies high
    		• Food & beverages sector - The land issue beckons
    		• Hotels & leisure winner - Sun International gives BEE groups a taste of gambling
    		• Hotels & leisure sector - Provincial gambling authorities in no compromise mood
    		• Resources - A hot political potato
    		• Basic industries winner - Aveng stages a sweet goodbye to departing CEO
    		• Basic industries sector - Skills crisis hampers progress
    		• Property winner - Growthpoint grows to dominate
    		• Property sector - A long way ahead
    		• Manufacturing winner - Steinhoff International takes honours
    		• Support services sector - Transformation is a must
    		• Transport winner - Super Group lives up to its name
    		• Media winner - Naspers surges ahead after a couple of deals
    		• Media sector - In the middle of a political storm
    		• Health winner - Medi-Clinic rises to shine
    		• General industrials winner - Old BEE hand Sekunjalo sets standards
    		• General industrials sector - Sluggish in every sense of the word
      Empowerment factors
    		• Management - GijimaAST springs to a healthy look
    		• Employment equity - The Don group leads with Thabiso Tlelai's magic
    		• Skills development - Kumba Iron Ore delivers the goods
    		• Procurement - Telkom rings the SMME sector
    		• Enterprise development - Businesses led by Mustek are beginning to see the light
    		• Ownership - Political control seems to determine everything else
      Trends
    		• Multinationals - The ownership question
    		• AltX - How Ethan Dube conquered a neglected market
    		• BEE exit option - Once empowered always empowered?
    		• BEE deals - Bumper year could mark a peak in mega deals
    Tables
    The Scorecard Top 188 companies
    Retail Media
    Food & beverages Support services
    ICT General industrials
    Health Management
    Financials Employment equity
    Resources Skills development
    Basic industries Procurement
    Tourism Enterprise development
    Transport Properties
    Manufacturing Ownership
    Click on each title to view the table

    Editorial team
    Financial Mail Editor: Barney Mthombothi.
    Special Projects editor: Shavana Mushwana
    Top Empowerment Companies Editor: Sibonelo Radebe.
    Art Director (print edition): Colleen Wilson
    Writers:Larry Claasen, Desne Masie, Jacqui Pile, Rob Rose, Matebello Motloung, Shoks Mxoli, Sibonelo Radebe, Stuart Theobald, Thebe Mbanga, Sasha Planting.
    Photographers: Jeremy Glyn, Russell Roberts, Robert Tshabalala and Hetty Zantman

    Web team
    WebEditor: Jacqueline Bullard
    Web Assistant: Julie Gough

    Contact the Financial Mail:
    Click here for editorial queries.
    Click here for web queries

    Copyright: Financial Mail 2008

     

     


    Jimmy Manyi

    Richard Pike


    Brian Leroni

    Top 188 BEE companies table

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