Auc­tion Al­liance nom­i­nated a Top 500 fi­nal­ist

Weekend Argus (Saturday Edition) - - AUCTIONS -

AUC­TION AL­LIANCE has been nom­i­nated as one of the Top 500 com­pa­nies in South Africa, ac­cord­ing to the auc­tion group’s CEO, Rael Levitt.

Top 500, an an­nual direc­tory of South Africa’s top com­pa­nies, con­ducts re­search into 100 key sec­tors in South Africa to iden­tify the coun­try’s best- man­aged com­pa­nies.

Com­pa­nies qual­ify for a list­ing in the Top 500 only if they meet or sur­pass the 13 strict per­for mance cri­te­ria es­tab­lished by the Topco Me­dia Re­search Depart­ment, Levitt ex­plains. Only the top five per­form­ing com­pa­nies in each sec­tor get listed.

The key ar­eas in which com­pa­nies are as­sessed are fi­nan­cial per­for­mance, peo­ple devel­op­ment and HR poli­cies, as well as writ­ten com­pany poli­cies and pro­ce­dures, he says.

The Top 500 also ranks com­pa­nies in the var­i­ous sec­tors based on these 13 cri­te­ria. Ac­cord­ing to the web­site www.top500.co.za, these cri­te­ria ac­cu­rately iden­tify the top South African busi­nesses in their sec­tor, cred­i­ble busi­nesses that are good at what they do, and the ma­jor com­pa­nies that are the driv­ing force of the South African econ­omy.

The fi­nal rank­ings will be made pub­lic in Oc­to­ber.

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