Top Companies awards on Tuesday
ALL is set for the unveiling of the country’s top performing companies at an event scheduled for Tuesday in Harare, expected to be graced by the country’s top executives.
A team of judges and analysts have just completed their evaluation of Zimbabwe Stock Exchange (ZSE)-listed companies for the 2015 Top Companies Survey, produced by the Financial Gazette, the country’s most influential business weekly, in partnership with investment giant, Old Mutual.
This year, the team decided to include non-listed firms in their selection of top companies, but restricted themselves to banking sector institutions, whose financial results are published and therefore publicly available, and the insurance sector.
Although insurance sector firms do not publish their financial statements, they are evaluated quarterly by the Insurance and Pensions Commission (IPEC), which governs insurance and pensions in Zimbabwe.
As usual, there will be winners for various categories, from which an overall winner will emerge. Some of the categories are best investor returns and disclosure and investor relations.
The banking sector will have a winner and a runner up, while the insurance sector will have a winner in the non-life sector and a winner in the life assurance sector.
Winners will walk away with certificates and trophies and will be profiled in a comprehensive magazine.
The Financial Gazette re-launched the Top Companies Survey last year after suspending the event in 2008 due to the economic crisis, which started in 2000 and worsened in 2008 before receding on dollarisation in 2009.
The economic crisis had rendered it impossible to continue with the survey.
Launched in 1980, the Top Companies Survey had run for 28 years before its suspension, with an emphasis on recognising the top performing companies listed on the ZSE.
The aim of the survey is to promote good corporate governance practices, ethical conduct and corporate social responsibility, while at the same time providing a platform for networking among corporate leaders and other invited guests.
The theme for this year’s survey is “Enabling Economic Growth”, a key theme as Zimbabwe grapples to extricate itself from a prolonged economic crisis underlined by a liquidity crunch, company closures and job losses.
The Financial Gazette’s chief executive officer, Jacob Chisese, said he was pleased with the continued partnership between Old Mutual and the Financial Gazette in ensuring that top performing companies continue to be recognised annually and that good corporate governance, transparency and investor returns are rewarded.
“Old Mutual has been a dependable partner and we are happy that we have maintained this partnership. I would like to applaud our judges and analysts for a job well done. It is particularly commendable that they have decided to extend their review of companies to banks and insurance companies. These play a very critical role in our economy,” said Chisese.
He said it was his hope that more sectors would be included next year to “capture the depth and breadth of our diversified economy”.