These are the companies with the best BEE ratings on the JSE

Empowerdex, South Africa’s leading barometer of black empowerment among JSE-listed companies, has published its top 100 list for 2016.

The latest survey shows African Equity Empowerment Investments (AEEI) tops the list as the most empowered listed company.

Business Report, which partnered with Empowerdex for the survey, noted that this is the first year that AEEI qualifies to be in the main rankings of the 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 (last year’s winner), which scored 97.82 points.

The 2016 rankings differ from before in that many companies have converted to the revised 2013 Codes of Good Practice, while others are still operating under the 2007 codes.

Based on the 2007 Codes of Good Practice, Vodacom SA has the best score with 98.25 points, followed by Nedbank with 97.34 points.

JSE’s most empowered companies: new 2013 codes

 Rank BEE score % Recognition Company name JSE sector
1 102.47 135% African Equity Empowerment Investments Financial Services
2 97.82 125% Oceana Group Food Producers
3  96.28 125% Tsogo Sun Travel & Leisure
4  87.3 100% Hudaco Trading Industrial
5 83.56 100% The Bidvest Group Financial Services
6  83.51 100% Exxaro Resources Mining
 7  83.1 100% Deneb Investments Financial Services
8 82.33 100%
Aspen Pharmacare
9 81.67 100% Astrapak Containers & packaging
10 81.52 100% Adcock Ingram Pharmaceuticals

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 on Thursday night.

JSE’s most empowered companies: old 2007 codes

 Rank BEE score % Recognition Company name JSE sector
1 98.25 125% Vodacom Telecommunications
2 97.34 125% Nedbank Financial Services
3  95.29 125% Old Mutual Insurance
4  95.17 125% Firstrand Financial Services
5 94.58 125% Hosken Investment
6  93.42 125% Standard Bank Financial Services
7  93.38 125% Adapt IT Computer Services
8 91.96 125% Illovo Sugar
Food Processors
9 91.49 125% Aveng Africa Heavy Construction
10 91.08 125% Liberty Holdings Life Assurance

The full list can be found in the Friday 7 October edition of the Star newspaper.

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These are the companies with the best BEE ratings on the JSE