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Sunday Times Top 100 led by Coronation Fund Managers
Coronation Fund Managers scooped the coveted title as South Africa's top company, Business Leader of the Year was awarded to Michael Jordaan, CEO of FNB and the Lifetime Achievement Award went to Cyril Ramaphosa.
Coveted accolade
Sunday Times editor Phylicia Oppelt says, "This has become a coveted accolade since it was first offered more than five decades ago. Part of what has made it so successful is that the business community itself voted to choose Jordaan and Ramaphosa, which is an endorsement of how their peers rate them."
Anton Pillay, CEO of Coronation Fund Managers, expressed his appreciation for the award. "We are honoured to have been named the winner of this year's Award. Since our inception 20 years ago, our unwavering commitment to investing for the long-term has enabled us to deliver excellent investment performance across our range of funds, which we believe has resulted in the continued strong support from our clients."
Jordaan says, "Recognition by our peers is always the greatest accolade. To the judges and most importantly to my colleagues at FNB, I thank you and have to say a business leader is only as good as the people around him. This award also belongs to the people who shared our vision of making FNB the most innovative bank in the world." Jordaan joins the ranks of previous winners Phuthuma Nhleko, Johann Rupert, Brian Joffe, Graham Mackay, Maria Ramos, Adrian Gore and Whitey Basson.
Ramaphosa's Lifetime Achievement Award recognises his contribution to the South African economy. Previous winners include Bobby Godsell, Nelson Mandela, Allan Gray, Stephen Koseff, Richard Maponya, Bill Venter, Nthato Motlana, Donald Gordon, Sam Motsuenyane, Koos Bekker, Raymond Ackerman, Anton Rupert and Brian Joffe.
Nedbank wins CSI award
The Corporate Social Investment Leadership Award went to Nedbank for its Local Hero, Imbizo Business Acumen and Affinity programmes. The award selection process includes a detailed BEE scorecard for all JSE-listed companies, compiled by Who Owns Whom and scored based on the impact and sustainability of initiatives.
Rob Rose, editor of Business Times says, "Good business is no longer based only on performance, but evaluating the companies' economic and socio economic investments... Our CSI Award acknowledges good business practices that contribute positively to the communities within which they operate."
This year, the list of Sunday Times Royal Companies includes Capitec Bank Holdings, Coronation Fund Managers, EOH Holdings, Famous Brands, Howden Africa Holdings, Mr Price Group, Oceana Group, Pinnacle Technology Holdings and Woolworths Holdings. The royal companies are those that have placed in the top twenty positions of the Sunday Times Top 100 Companies for three consecutive years.
David Gates, Global Head of premium core brands Diageo, was the guest speaker at the event, at which comedian Alan Committie was master of ceremonies.
The results will be published in the Sunday Times on 3 November 2013.