Johannesburg - Capitec Bank Holdings [JSE:CPI] on Thursday night scooped the coveted title as South Africa’s top company at the Sunday Times Top 100 Companies Awards banquet held at the Sandton Convention Centre in Johannesburg.
Capitec won in 2010 and was ranked second last year.
Two of the country’s top businessmen were also honoured: the Business Leader of the Year is Stephen Saad, Group CEO of Aspen Pharmacare [JSE:APN], and the Lifetime Achiever Award went to Bobby Godsell, chairperson of Business Leadership South Africa and former CEO of AngloGold Ashanti [JSE:ANG].
Sappi [JSE:SAP] clinched the Corporate Social Investment (CSI)Leadership Award.
Sunday Times editor Ray Hartley said: “Unlike many other corporate rankings, the Sunday Times and Business Times Top 100 Companies rates companies by the extent to which they have increased the wealth of their shareholders.
"This year that honour goes to Capitec Bank Holdings.”
Capitec CEO Riaan Stassen said the consistent Capitec Bank growth, on which the award is based, is a direct reflection of client demand for the bank's unique simplified bank offer.
The Business Leader of the Year award is regarded by recipients as the ultimate accolade because nominees are chosen by their peers. Aspen Pharmacare's Saad was showered with this honour by the chief executives of the Top 100 Companies of 2011.
Saad joins the ranks of previous winners Phuthuma Nhleko, Johann Rupert, Brian Joffe, Graham Mackay, Maria Ramos, Adrian Gore and Whitey Basson.
Saad said Aspen had a vision which it had pursued 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."
Godsell’s Lifetime Achievement Award recognised his significant contribution to the South African economy.
Last year Brian Joffe received the honour, while previous winners include Nelson Mandela, Allan Gray, Stephen Koseff, Richard Maponya, Bill Venter, Nthato Motlana, Donald Gordon, Sam Motsuenyane, Koos Bekker, Raymond Ackerman and Anton Rupert.
Commenting on Sappi’s CSI award, Marcia Klein, sditor of Business Times, said it is the first time the Sunday Times Top 100 Corporate Social Investment Award is made based on unique research done by Who Owns Whom.
"Research was taken from the BEE scorecards of nearly 1 000 companies which were evaluated based on economic and socioeconomic development scores."
Sappi won the 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, i e companies which have remained in the Top 20 company list for three consecutive years, include: Assore [JSE:ASR], Capitec Bank, Clicks Group [JSE:CLS], Coronation Fund Managers [JSE:CML], Famous Brands [JSE:FBR], Howden Africa [JSE:HWN], Kumba Iron Ore [JSE:KIO], Mr Price Group [JSE:MPC], Pinnacle Technology [JSE:PNC], Shoprite Holdings [JSE:SHP] and Truworths International [JSE:TRU].
Present at the awards were top business leaders and government officials, including guest speaker Finance Minister Pravin Gordhan.
From left Capitec CEO Riaan Stassen, chairperson Business Leadership South Africa Bobby Godsell and Aspen Pharmacare Group CEO Stephen Saad.
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