In­au­gu­ral awards event for Top 500

The Star Early Edition - - NEWS -

SOUTH African cap­tains of in­dus­try and com­pa­nies who have been in­cluded in the Top 500: South Africa’s Best Man­aged Com­pa­nies list­ing will step off the pages and onto the stage at the list­ing’s in­au­gu­ral awards cer­e­mony in Joburg this year.

The Top 500 pub­li­ca­tion pro­files the top five com­pa­nies in 100 busi­ness sec­tors every year. This year it is adding a black-tie awards cer­e­mony.

Topco Me­dia, which runs the list­ing, said in a state­ment this week the com­pa­nies listed com­prise the van­guard of cor­po­rate South Africa and rep­re­sent an an­nual com­bined turnover in ex­cess of R3.5tril­lion.

“The Top 500 pub­li­ca­tion sits in the top drawer of lo­cal and in­ter­na­tional CEOs’ desks and is fre­quently ref­er­enced to in­form their busi­ness de­ci­sions, in­vest­ments and part­ner­ships worth bil­lions in both the pri­vate and pub­lic sec­tors,” Topco said.

The per­for­mance dur­ing 2016 of more than 2 000 com­pa­nies was eval­u­ated, ac­cord­ing to method­ol­ogy de­signed by Topco and the Univer­sity of Cape Town’s Devel­op­ment Pol­icy Re­search Unit, to cre­ate the most re­cent list­ing, which was pub­lished ahead of the new year.

The com­pany said the new Top 500 awards would dis­til the lat­est pub­li­ca­tion’s 100 sec­tors into 14 broader cat­e­gories and in­tro­duce three stand-alone awards: the chief ex­ec­u­tive of the year, a life­time achieve­ment award and the best man­aged com­pany of the year award.

“This new an­nual black-tie event will see an elite in­ner cir­cle of com­pa­nies named as the best of the top ad­mi­rals at the helm of the econ­omy.

“The hun­dreds of distin­guished in­di­vid­u­als in at­ten­dance to salute their suc­cess will in­clude a host of gov­ern­men­tal lead­ers, CEOs and mag­nates, celebri­ties and in­dus­try an­a­lysts,” Topco said. – ANA

‘An elite in­ner cir­cle will be named as the best’

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