Published by Independent Media, 10 October 2016 at 11pm
Sekunjalo Investment Holding’s public subsidiary, African Equity Empowerment Investments (AEEI) Ltd is South Africa’s Most Empowered Company of the Year for 2016 according to the 2013 Code of Good Practice while Vodacom SA is the Most Empowered Company according to the 2007 Code of Good Practice.
Research for the annual survey for South Africa’s Top 100 Most Empowered JSE-listed companies was conducted by empowerment ratings agency Empowerdex. The results, released in partnership with Independent Media’s business publication Business Report, and specialist research and media house Intellidex, were announced at a special function in Johannesburg.
This year’s Most Empowered Companies rankings differ from previous years because many companies have converted to the revised 2013 Codes of Good Practice while others are still operating under the 2007 codes. That is mainly because their industries are yet to establish their own, industry-specific transformation codes or charters, but expect to do so by year-end. According to Empowerdex, there are two sets of rankings this year, one for each group. Except for venture capital and development board companies, the participants in this year’s survey are all the companies listed on the JSE, including AltX.
This is the first year that AEEI qualifies to be in the main rankings of the Most Empowered Companies survey because it was previously classified as a qualifying small enterprise (now termed exempt micro-enterprises). AEEI’s total BEE score of 102.47 points puts it ahead of Oceana Group Ltd (last year’s winner), which scored 97.82 points.
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