Financial Mail / Empowerdex Top Empowerment Companies 2011
Empowerdex is proud to announce this year's Top Empowerment Companies results. These results were compiled after collecting data from companies listed on the main board of the JSE, for the annual Top Empowerment Companies Survey, which was published in the Financial Mail in April 2011. The survey is now in its eighth year and has become a regular feature of the Financial Mail's special publications schedule. The survey is aimed at providing the public with a snapshot of the empowerment status of JSE-listed companies in order to raise awareness of Broad-Based Black Economic Empowerment (B-BBEE) and stimulate the use of B-BBEE as a competitive advantage.
With clarity on the Codes of Good Practice now being provided by the dti after the Codes were gazetted in February 2007, many companies have progressed their empowerment strategies further and have begun to implement B-BBEE more readily. The Top Empowerment Companies Survey is a mechanism to measure and monitor the empowerment achievements of the listed companies and rank the top 100 listed companies according to their scores.
The scope of participants in this survey is comprised of all the companies listed on the JSE, other than those on the venture capital and development boards. Also, Alt-X companies were not included in this year's survey.
Scoring Methodology:
Although Empowerdex recognises the progress made by certain sectors in terms of the development of Sector Codes; however, in order to facilitate meaningful comparisons between various sectors, all companies will be scored according to the methodology prescribed in the B-BBEE Codes of Good Practice (the generic codes). The information requested in the submission form attached is sufficient to fulfill the requirements of the generic codes.
The scores presented here are not verified by Empowerdex and, thus, do not constitute a valid basis for determining the procurement recognition level of each company. It remains, however, that many scores were derived from B-BBEE rating certificates submitted by participants in the survey.
Contact information:
For information relating to this survey, or any other further information you may require, please contact Steven Hawes on (011 883-8548) or email him on shawes@empowerdex.com
Best Regards,
The Empowerdex Research Team.
2011 Results
| Rank 2011 |
Company |
Sector |
Total BEE Score |
| 1 |
Standard Bank of South Africa Ltd |
Financials |
92.83 |
| 2 |
Sekunjalo Investments Ltd |
Financials |
92.27 |
| 3 |
Nedbank Ltd |
Financials |
89.50 |
| 4 |
Kelly Group Ltd |
Industrial Goods & Services |
88.73 |
| 5 |
Hosken Consolidated Investments Ltd |
Financials |
87.78 |
| 6 |
Adcorp Holdings Ltd |
Industrial Goods & Services |
87.06 |
| 7 |
Old Mutual plc |
Financials |
86.99 |
| 8 |
Pretoria Portland Cement Ltd |
Basic Industrials |
86.65 |
| 9 |
Tongaat Hulett Ltd |
Food & Beverages |
86.49 |
| 10 |
Kagiso Media Ltd |
Media |
86.25 |
| 11 |
Group Five Ltd |
Basic Industrials |
85.78 |
| 12 |
Aveng Group Ltd |
Basic Industrials |
84.41 |
| 13 |
Sun International Ltd |
Travel & Leisure |
84.04 |
| 14 |
Wilson Bayly Holmes - Ovcon Ltd |
Basic Industrials |
83.91 |
| 15 |
Brimstone Investment Corporation Ltd |
Financials |
83.82 |
| 16 |
Metropolitan Holdings Ltd |
Financials |
83.79 |
| 17 |
Oceana Group Ltd |
Food & beverages |
83.31 |
| 18 |
Barloworld Ltd |
General Industrials |
82.89 |
| 19 |
Optimum Coal Holdings Limited |
Basic Resources |
82.65 |
| 19 |
Netcare Ltd |
Health Care |
82.65 |
| 21 |
Tiger Brands Ltd |
Food & Beverages |
81.79 |
| 22 |
Primeserv Group Ltd |
Industrial Goods & Services |
81.46 |
| 23 |
Bidvest Group Ltd |
Industrial Goods & Services |
81.21 |
| 24 |
Cadiz Holdings Ltd |
Financials |
80.94 |
| 25 |
Allied Electronics Corporation Ltd |
General Industrials |
80.60 |
| 26 |
African Oxygen Ltd |
Basic Industrials |
80.22 |
| 27 |
AdaptIT Holdings Ltd |
Technology |
80.15 |
| 28 |
Sanyati Holdings Ltd |
Basic Industrials |
79.36 |
| 29 |
Beige Holdings Ltd |
Alt-X |
79.04 |
| 30 |
Firstrand Ltd |
Financials |
78.62 |
| 31 |
Gijima Holdings (Pty) Ltd |
Technology |
78.49 |
| 32 |
Workforce Holdings Ltd |
Alt-X |
78.20 |
| 33 |
Paracon Holdings Ltd |
Technology |
77.77 |
| 34 |
City Lodge Hotels Ltd |
Travel & Leisure |
77.58 |
| 35 |
Jasco Electronics Holdings Ltd |
General Industrials |
77.46 |
| 36 |
Santam Ltd |
Financials |
77.28 |
| 37 |
Glenrand MIB Ltd |
Financials |
77.24 |
| 38 |
Avusa Ltd |
Media |
77.15 |
| 39 |
Growthpoint Properties Ltd |
Property |
77.12 |
| 40 |
MTN Group Ltd |
Telecommunications |
77.07 |
| 41 |
Mutual & Federal Insurance Company Ltd |
Financials |
76.74 |
| 42 |
Allied Technologies Ltd |
Telecommunications |
76.15 |
| 43 |
Absa Group Ltd |
Financials |
76.07 |
| 44 |
Massmart Holdings Ltd |
Retail |
75.85 |
| 45 |
Eqstra Holdings Ltd |
General Industrials |
75.78 |
| 46 |
Mondi Ltd |
Basic Resources |
75.29 |
| 47 |
Sappi Ltd |
Basic Resources |
75.19 |
| 48 |
Super Group Ltd |
Transport |
75.18 |
| 49 |
Business Connexion Ltd |
Technology |
75.10 |
| 50 |
Liberty Holdings Ltd |
Financials |
75.03 |
| 51 |
Imperial Holdings Ltd |
Transport |
74.42 |
| 52 |
Protech Khuthele Holdings Ltd |
Basic Industrials |
73.95 |
| 53 |
Phumelela Gaming and Leisure Ltd |
Travel & Leisure |
73.68 |
| 54 |
Telkom SA Ltd |
Technology |
73.20 |
| 55 |
Cipla Medpro SA Ltd |
Health Care |
72.99 |
| 56 |
AfroCentric Investment Corportation |
Food & Beverages |
72.66 |
| 57 |
Murray & Roberts Holdings Ltd |
Basic Industrials |
71.80 |
| 58 |
Metrofile Holdings Ltd |
Industrial Goods & Services |
71.71 |
| 59 |
Medi-Clinic Corporation Ltd |
Health Care |
71.38 |
| 60 |
Discovery Holdings Ltd |
Financials |
71.14 |
| 61 |
Astrapak |
General Industrials |
70.94 |
| 62 |
SABMiller Ltd |
Food & beverages |
70.81 |
| 63 |
Merafe Resources Ltd |
Basic Resources |
70.78 |
| 64 |
Coronation Fund Managers Ltd |
Financials |
70.74 |
| 65 |
Omnia Holdings Ltd |
Basic Industrials |
70.63 |
| 66 |
Trans Hex Group Ltd |
Basic Resources |
70.47 |
| 67 |
Spescom Ltd |
Technology |
70.35 |
| 68 |
Cashbuild Ltd |
Retail |
70.35 |
| 69 |
Value Group Ltd |
Transport |
69.91 |
| 70 |
Vodacom |
Telecommunications |
69.57 |
| 71 |
Sasol Ltd |
Basic Resources |
69.50 |
| 72 |
Aspen Pharmacare Holdings Ltd |
Health Care |
69.25 |
| 73 |
ARB Holdings Ltd |
General Industrials |
68.27 |
| 74 |
The Don Group Ltd |
Travel & Leisure |
67.80 |
| 75 |
Blue Label Telecoms Ltd |
Telecommunications |
67.30 |
| 76 |
African Rainbow Minerals |
Basic Resources |
66.36 |
| 77 |
Datacentrix Holdings Limited |
Technology |
66.05 |
| 78 |
Investec Ltd |
Financials |
65.79 |
| 79 |
Nampak Ltd |
General Industrials |
65.48 |
| 80 |
Esorfranki Limited |
Basic Industrials |
65.38 |
| 81 |
Hulamin Ltd |
Basic Resources |
65.05 |
| 82 |
AVI Ltd |
Food & Beverages |
64.51 |
| 83 |
The Foschini Group Limited |
Retail |
63.67 |
| 84 |
Naspers Ltd |
Media |
62.66 |
| 85 |
Woolworths Holdings Ltd |
Retail |
62.30 |
| 86 |
Set Point Group Ltd |
ICT |
60.42 |
| 87 |
Illovo Sugar Ltd |
Food & beverages |
60.40 |
| 88 |
Capitec Bank Holdings Ltd |
Financials |
60.18 |
| 89 |
Invicta Holdings Ltd |
General Industrials |
59.32 |
| 90 |
Distell Group Ltd |
Food & Beverages |
59.12 |
| 91 |
Remgro Ltd |
Financials |
58.87 |
| 92 |
Exxaro Resources Ltd |
Basic Resources |
58.83 |
| 93 |
Rolfes Technology Holdings Ltd |
Alt-X |
57.92 |
| 94 |
Cargo Carriers Ltd |
Transport |
56.90 |
| 95 |
Advtech Ltd |
Retail |
56.76 |
| 96 |
BSI Steel Ltd |
Alt-X |
56.15 |
| 97 |
Transpaco Ltd |
General Industrials |
55.41 |
| 98 |
The Spar Group Ltd |
Retail |
50.97 |
| 99 |
Distribution and Warehousing Network Ltd |
Basic Industrials |
48.96 |
| 100 |
Compu-Clearing Outsourcing Ltd |
Technology |
48.57 |
Top Empowerment Companies 2010
Top Empowerment Companies 2009
Top Empowerment Companies 2008
Top Empowerment Companies 2006
Top Empowerment Companies 2005