Over the past 12 months or so, the black economic empowerment deal market has been bedevilled by rumour mongering of the worst kind. This should stop, here and now.

With the publishing of the 2009 Top Empowerment Companies (TEC) edition, the health of SA's economic redistribution plan, BEE, will be known.

TEC has grown to become the ultimate BEE barometer. A significant portion of companies listed on the JSE are now falling over themselves to participate in this annual survey. In years gone by many companies rushed for cover at the sight of questions about their BEE credentials. Now many are opening up, which signals an acceptance of BEE.

TEC is based on data mined by leading rating agency Empowerdex. The agency applies the broad-based BEE scorecard to companies listed on the JSE and then produces the TEC list. This year sees the introduction of the AltX BEE list.

This sixth edition of TEC comes just in time to address many deluded opinions about BEE and its prospects. Many seem to think a number of BEE deals have collapsed, subjecting the entire BEE process to undue criticism.

Click here for the Black Empowerment website.

 

Top Empowerment Companies 2009

Financial Mail Survey
 3 April 2009
CONTENTS
  Upfront
    		• Introduction - Let us do away with the delusions
    		• In my opinion - Enough with the doom and gloom
    		• In my opinion - Time to claim more gains
    		• Overview - BEE has to show its staying power
      The Winners
    		• 1 - Adcorp Holdings, SA's most empowered company - Outplaying the competition
    		• 2 - HCI, SA's second-most empowered company - A firm grounding is paying off
    		• 3 - Nedbank, SA's third-most empowered company - Transformation that is easy to see
      The rest of the Top 20
    4 - Kelly Group 12 - Primeserv
    5 - GijimaAst 13 - Standard Bank
    6 - Glenrand MIB 14 - Merafe
    7 - AdaptIT 15 - Oceana
    8 - Tongaat Hulett 16 - Discovery
    9 - Faritec 17 - Investec
    10 - FirstRand 18 - Metropolitan Hold
    11 - Netcare 19 - Old Mutual
    20 - Sun International
      Sector rankings
    		• Financial services winner - Glenrand MIB's turnaround strategy pays off
    		• Financial services - Despite all odds, the players persevere
    		• Resources winner - Merafe shows a strong will to survive
    		• Resources sector - There's reason to be concerned
    		• General industrials winner - Altron takes giant recovery steps
    		• Manufacturing winner - Seardel's bittersweet year
    		• Basic industries winner - Stefanutti Stocks beats giant rivals
    		• Basic industries - Putting joint veterans to good use
    		• Media winner - Naspers just has a working formula
    		• Media sector - It can no longer be business as usual
    		• ICT winner - GijimaAst's performance is dazzling
    		• ICT sector - Uncertainty hangs over charter
    		• Support services winner - Kelly shows it's deserving of an accolade
    		• Property winner - Growthpoint reclaims the top spot
    		• Property sector - Fighting to save its charter
    		• Health winner - Netcare rises like a phoenix
    		• Health sector - Ailments may linger a little longer
    		• Food & beverages winner - Tongaat survives despite challenges
    		• Food & beverages sector - Sowing the right seeds
    		• Retail winner - Cashbuild stands out
    		• Retail sector - Steering a steady course
    		• Hotels & leisure winner - Sun International outshines the rest
    		• Transport - Super Group has sterling credentials
    		• AltX - a force to be reckoned with
      Empowerment factors
    		• Management - Time to improve on past performances
    		• Employment equity - A disappointing reality
    		• Skills development - Lessons for government to take heart
    		• Enterprise development - A new kid on the block shows how it's done
    		• Ownership - Rudiments of BEE are no longer enough
      Trends
    		• BEE deals - Standing the test of the markets
      Methodology
    		• The approach - Understanding the rankings
       
    Tables
    General Industrials Top 200 companies
    Retail Media
    Food & beverages Services
    ICT General industrials
    Health and pharmaceuticals Management
    Financials Employment equity
    Resources Skills development
    Basic industries AltX
    Travel & Leisure Enterprise development
    Transport Property
    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, Matthew Hill, Thebe Mabanga, Kgomotso Mathe, Matebello Motloung, Razina Munshi, Shoks Mzolo, Sasha Planting, Sibonelo Radebe, Rob Rose.
    Photographers: Jackie Clausen, Jeremy Glyn, Russell Roberts, Trevor Samson, Robert Tshabalala, Hetty Zantman
    Typesetter: Julie Gough.
    Online 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 2009

     

     


    Richard Pike - It's been a long journey

    Louisa Majela - One of the Wiphold trio on the Adcorp board

    Marcel Golding has interests in various sectors


    Tom Boardman - Good performance all around


    Jonas Bogoshi - Has helped the company turn a corner in its financial performance


    Victor Litlhakanyane - Achieved more than was targeted

    Top 200 BEE companies table

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