The Sunday Times Top 100 Companies Awards banquet held at the Sandton Convention Centre in Johannesburg. According to the Editor of Sunday Times, the award rates companies by the extent to which they have increased the wealth of their shareholders.
The Winners were announced thus:
- Top Company of the Year – Capitec Bank Holdings
- Business Leader of the Year – Stephed Saad, Group CEO of Aspen Pharmacare
- Lifetime Achiever Award – Bobby Godsell, Chair of Business Leadership South Africa (former CEO of AngloGold Ashanti)
- Corporate Social Investment (CSI) Leadership Award – Sappi
Capitec won the Top Company of the Year in 2010 and was ranked second last year. Riaan Stassen, CEO of Capitec Bank Holdings comments that, “The consistent Capitec Bank growth, on which this award is based, is a direct reflection of the client demand for our unique simplified bank offer”.
Business Leader of the Year is regarded by recipients as the ultimate accolade because nominees are chosen by their peers. This year’s winner, Stephen Saad, Group CEO of Aspen Pharmacare, was voted by the chief executives of the Top 100 Companies of 2011.
Saad says, “We had a vision and we have pursued it with both perseverance and passion. I hope that our story inspires future generations of entrepreneurs because there is a wealth of opportunities to be harnessed both in and from South Africa”.
The Lifetime Achiever Award went to Bobby Godsell, Chair of Business Leadership South Africa and former CEO of AngloGold Ashanti. The award was given in recognition of his significant contribution to the South African economy.
The Sunday Times Corporate Social Investment Leadership Award was given to Sappi. Commenting on Sappi’s CSI award, Marcia Klein, Editor of Business Times, says, “It is the first time we are awarding the Sunday Times Top 100 Corporate Social Investment Award based on unique research done by Who Owns Whom”.
Sappi won this award for ‘Project Grow’, an initiative which created and sustained 9,700 subsistence tree farmers and its Kwa Dukuza education initiative which annually assists over 600 matric learners.
This year, the Royal Companies list – that is, companies which have remained in the Top 20 company list for three consecutive years – include: Assore, Capitec Bank, Clicks Group, Coronation Fund Managers, Famous Brands, Howden Africa, Kumba Iron Ore, Mr Price Group, Pinnacle Technology, Shoprite Holdings and Truworths International.