Economic empowerment rating agency Empowerdex has announced the results of its 2017 Most Empowered Company Survey. The survey measures JSE listed companies’ performance in achieving overall transformation, and assesses them on a number of factors, from ownership to socio-economic development.
Ansys, Sun International and Tsogo Sun Holdings took top honours as the most empowered JSE-listed companies in South Africa in 2017. Three banks – Nedbank, FirstRand and Standard Bank – received awards in the category for Most Empowered Company: Codes not aligned to Amended Codes of Good Practice while Hosken Consolidated Investments, African Equity Empowerment Investment and Premier Fishing SA were named the most empowered black-owned companies in South Africa in 2017.
Speaking at the gala event, Nomzamo Xaba, group executive of Empowerdex, said the 2017 Most Empowered Companies Survey took in consideration the equity ownership scores as reported by the various accredited B-BBEE ratings agencies for this year’s participants.
“The reported ownership includes all the allowable equity enhancements, which are not well understood,” she elaborated. “This is made clear when a listed company presents its BEE ownership score and a procurement officer fails to understand the complex components making up the percentage of black ownership indicated on a scorecard.”
Mike Ntsasa, group executive at Independent Media, said the media company would continue driving and inspiring real transformation practices by creating awareness. Independent Media’s business daily, Business Report, has been in partnership with Empowerdex’s Most Empowered Company Survey since 2014.
“Our role is to ensure that we continue reporting on these issues,” he said. “We hope that the publicity generated will also encourage others to come on board in doing the right thing towards ensuring that South Africa becomes truly transformed.”
Most Empowered JSE-listed Company
1. Ansys Ltd
2. Sun International Ltd
3. Tsogo Sun Holdings Ltd
Most Empowered Company: Amended Codes of Good Practice
1. Nedbank Ltd
2. FirstRand Ltd
3. Standard Bank Group Ltd
Most Empowered Black-Owned Company
1. Hosken Consolidated Investments Ltd
2. African Equity Empowerment Investment Ltd
3. Premier Fishing (South Africa) (Pty) Ltd
Most Empowered Black-Managed Company
1. Vodacom Group Ltd
2. Ansys Ltd
3. Oceana Group Ltd
