Fin24

Capitec Bank is Top Company of the Year

2012-11-16 14:47

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 B
From left Capitec CEO Riaan Stassen, chairperson Business Leadership South Africa Bobby Godsell and Aspen Pharmacare Group CEO Stephen Saad.

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Comments
  • seipati.mabesele - 2012-11-16 15:36

    "Congrats" Capitec Bank well done

  • gary.desousa.7 - 2012-11-16 15:36

    Well off Im going to Capitec, cap in hand I think, well done and to all winners in tough times. Congrats to Assore a squash mad place,smile.

  • gordon.turner.37 - 2012-11-16 15:53

    Not sure we should be impressed by companies that make truck loads of cash off the back of high interest loan to low and medium income earners. Sure they do it better than some of the others, but they are not exactly curing cancer or creating jobs and exports... things that make countries better. Whilst raising value for shareholders they (unsecured lenders) have raped economy and so much of the civil unrest is that thanks to wages being consumed by high interest loans. Anyway, hope they sleep well at night.

      gordon.turner.37 - 2012-11-16 15:54

      As an example of what these unsecured loans will cost on a monthly basis, Moneyweb used FNB’s online loan calculator. The monthly repayment for a R150 000 loan over 60 months comes to R5472.58. This is made up of (according to the calculator) the capital instalment of R4761.28, an initiation fee of R17.10, a service fee of R34.20 and the Customer Protection Plan of R660. Over 60 months the total paid for the R150 000 loan amounts to R328 345.

      gordon.turner.37 - 2012-11-17 10:59

      50% don't like my thought on the matter.... it matches the interest rates.

      Dale Edwards - 2013-05-06 18:14

      Hey Gordon.. Do you bank with them? Obviously not. I spend on average R20.00 on banking charges monthly, and when I draw at my different atms about R56.00. I decide to either take or not take a loan from capitec. In my case I dont loan from them but use their savings account as a transaction account and I save boatloads. Compared to the R500 - R600 it costs others per month with Nedbank for instance I am the winner! So say what you want to say :P

      KCorsar - 2013-05-06 18:23

      Capitec isn't just about loans, that happens to be their origin, but as a retail transaction bank their offering is very hard to beat. In addition their investment rates are generally better than most commercial banks as well. So while credit rates are high, they are within NCA parameters, the choice to use their credit facilities remains the account holders choice.

  • leonardo.newton.18 - 2012-11-16 15:56

    Great staff Capitec keep up the good work, its only a matter of time i'm switching to your bank.

  • sibusiso.makamole - 2012-11-16 15:57

    I recently joined the company and yes it is the best company.

      Tim - 2012-11-16 16:23

      Tell us how banks make their money, and then tell us again Capitec is the best company...

  • andrea.duplessis.33 - 2012-11-16 16:13

    Awesome. Changed over to Capitec over a year and a half ago, and my banks fees are still like a third of what they were at Standard Bank. And I ALWAYS get good service there, and no long queues! AND open on Sundays! They're awesome!

  • konanani.rachicoper - 2012-11-16 16:22

    I really love this bank*GLOBAL ONE*

  • machoene.kaizer - 2012-11-16 16:42

    Capitec won in 2010, rankend second last year and this year also won.great stuff capitec keep it up.am gonna join u soon

  • jaysonpaul.beckwith - 2012-11-17 08:19

    Banking with FNB for 30 yrs. I moved over to Capitec. best move i ever did. Great bank, great staff.

      etafrica - 2012-11-17 21:30

      banked with Standard Bank for 33 years, moved to Capitec this year, also best move I have made!!

  • braamc - 2012-11-18 06:49

    Time for new product developments and offerings

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