“ 57% of clients rate their broker's service as excellent, up from 40% last year ”

- 2017 Top Stockbrokers survey

“ 6% of stockbroker clients execute trades worth more than R100,000 a month ”

- 2017 Top Stockbrokers survey

“ 40% of stockbroker clients average monthly trades of R5,000 or less ”

- 2017 Top Stockbrokers survey

“ 52% of clients have assets under management of between R1m and R3m ”

- 2018 Top Private Banks & Wealth Managers Survey

“ 39% of wealth clients have been with the same firm for more than 10 years ”

- 2018 Top Private Banks & Wealth Managers Survey

“ Of the 100 largest JSE-listed companies, 87 conducted BEE deals, 35 of which included public benefit organisations ”

- 2017 Empowerment Endowment

“ R32.6bn in endowments are now held by foundations set up as a result of BEE deals that will support charitable activities ”

- 2017 Empowerment Endowment

“ 50% of clients rate their wealth manager as excellent and 31% as very good ”

- 2018 Top Private Banks & Wealth Managers Survey

“ 33% of clients rate the value for money they get from wealth managers as excellent, against 18% for transactional banking ”

- 2018 Top Private Banks & Wealth Managers Survey

“ R51.6bn value created specifically for charitable recipients through BEE deals ”

- 2017 Empowerment Endowment

“ 81% of clients are very likely or extremely likely to recommend their wealth manager to friends of family ”

- 2018 Top Private Banks & Wealth Managers Survey
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Category: INTELLIDEX NEWS

2018 SAVCA Industry Awards

The Southern African Venture Capital and Private Equity Association (SAVCA) announced the winners of the inaugural SAVCA Industry Awards at a gala dinner at Montecasino on 8 November 2018.

 
Intellidex conducted the research for the process, contacting private equity and venture capitalist companies to submit nominee companies for the awards. After assessing the data, Intellidex presented a short list of finalists to the panel of judges, including an information pack on each company.

 
SAVCA is the industry body and public policy advocate for private equity and venture capital in Southern Africa. It represents about R165bn in assets under management through 170 members that form part of the private equity and venture capital ecosystem.

 
The objective of the awards was to recognise the portfolio companies that have thrived from private equity and venture capital investment. The awards also promote the positive impact that businesses have on job creation and the economy.

 
The 2018 SAVCA Industry Best Small Company final nominees were: i-PAY, Sweep South and UCOOK. The Best Medium-Sized Company final nominees were: Royal Schools, Tessara and Vumatel. The Best Large Company final nominees were Fidelity Security, Kwikot and Tsebo Solutions Group.

 

2018 SAVCA Industry Award for Best Small Company: SweepSouth
SweepSouth is an on-demand online platform for booking home cleaning services by connecting households with domestic workers. Nominated by the Vumela Fund, managed by Edge Growth, SweepSouth has grown from just three domestic workers and two co-founders when the business started in 2014, to employ 38 people in-house and 8,000 “SweepStars” across South Africa.

 
2018 SAVCA Industry Award for Best Medium-Sized Company: Vumatel
Vumatel is a provider of fibre-to-home and internet services. Vumatel was nominated by Vantage Capital for the role it has played in providing connectivity, and the job opportunities the company has created. Vumatel’s staff complement has increased to 660 permanent staff and 4,000 contractors used.

 
2018 SAVCA Industry Award for Best Large Company: Tsebo Solutions Group
Nominated by Rockwood, Tsebo Solutions Group is South Africa’s third-largest outsourced services provider in catering and facilities management. It operates in 27 countries with five service lines and over 39,000 employees.

 
Click here to find out more about The Southern African Venture Capital and Private Equity Association.

The Empowerment Report

The Empowerment Report, produced by Intellidex in partnership with Empowerdex and Independent Media, appeared in Business Report on 1 November. It is the authoritative ranking of all JSE-listed companies according to their black economic empowerment scores.

Every year we recognise those companies that have attained the highest rankings overall and in the various BEE subcategories, while also tracking industries operating under their sector codes. Since the revised 2013 Codes of Good Practice were implemented, we have run two sets of tables to cover companies that have converted as well as those still operating under the 2007 codes.

The BEE landscape has undergone numerous significant changes in the past year, some welcome, some controversial.

The most positive is the gazetting of a Mining Charter that appears to be acceptable to government and business. As with any industry, policy certainty is paramount. Without it, no major investment in the battered industry will take place.

Government has also introduced proposed legislation on a new scheme that is proving rather contentious. It plans to extend the BBBEE exemption that companies with annual turnover of below R50m enjoy to all companies with direct black ownership between 51% and 99%. They would be classified as level two contributors to BEE and would be exonerated from other empowerment requirements. Companies with 100% direct black ownership are automatically granted level one status.

The third initiative has been widely welcomed. The Youth Employment Services (YES) aims to create 1-million paid internships for black youth, with incentives for absorbing interns into full employment. Formulated by business, labour and government, it has the necessary support to be a success.

Another contentious issue has been bubbling quietly under the surface for some time now. The Broad-Based Black Economic Empowerment Commission insists that what should be classified as regular corporate social investment initiatives are being presented as BEE trusts or foundations and are incorrectly claiming BEE socioeconomic development scores for them. The commission argues that the intervention must assist historically disadvantaged people to become economically active. A mobile clinic for HIV treatment, for example, or donating blankets or shoes to schools cannot score a company BEE points because it is not making anyone economically active.

Critics argue that this is a misinterpretation, and that such trusts are recognized by the trade and industry department’s BEE codes and by the Mining Charter.

This could boil over: many companies have invested heavily in trusts that are doing important and good work in uplifting the impoverished and improving the quality of their education and health services, among others.

Click here for the full Empowerment Report, including the rankings.

Boutique scoops Wealth Manager honours

The 2018 Wealth Manager of the Year is Gradidge-Mahura Investments. The boutique firm, that celebrates its 10th birthday this year, dominates this year’s survey, also being ranked the People’s Choice of Top Wealth Manager, as well as being ranked the top wealth manager in two client archetypes: the young professional and the lump-sum invest

NFB Private Wealth Management is the 2018 Top Wealth Management Boutique while Standard Private Bank is this year’s Top Banking Services Firm.

 

Sanlam Private Wealth wins top manager award in the highly competitive Internationally Wealthy Family category and PSG Wealth rounds off the archetype awards, taking top honours in the Successful Entrepreneur segment.

Click here for Intellidex’s summary report on the survey. The full editorial report will be published in this week’s (June 28) FM Investors Monthly magazine.