TA Holdings Limited was crowned winner of the 2007 edition of the The Financial Gazette/ Premier Banking Corporation Top Companies Survey at an awards ceremony studded by key decision-makers held Harare.
Banking groups, ABC Holdings Limited and Kingdom Financial Holdings Limited came just close, with ABC taking the first runner-up spot while Kingdom settled third as the second runner-up in the Top 20. Innscor Africa Limited clinched the award for the Most Consistent Company over three years, while Steelnet (Zimbabwe) Limited won the Best Turnaround trophy at the awards ceremony.
TA Holdings and ABC Holdings were also category winners in the Conglomerate/Industrial and Financial sectors respectively.
Other category winners were The Cotton Company of Zimbabwe Limited, which maintained its spot as the winner of the Agro-processing sector but slipped its ranking after losing the top spot to TA Holdings.
Zimbabwe Sun Limited won in the consumer sector, while Bindura Nickel Corporation Limited led in the mining sector category. Zimnat Lion(link), a subsidiary of TA, took the honours in the insurance sector category.
Circle Cement Limited won in the construction and property sector although it failed to make it into the top 20 companies.
The Malawi Stock Exchange was again judged the top performing regional bourse for the second year running.
The selection of top performers for The Financial Gazette/ Premier Banking Corporation’s Top Companies Survey was conducted by a team of judges led by Ternard Kwashirai, managing director of Infinity Asset Management.
The judges’ team comprised of Oliver Lutz, a director with 4D Corporate Finance, an advisory services firm, Addmore Chakurira, head of research at Imara Edwards Securities, Godfrey Muponda, a lecturer at the University of Zimbabwe and Kenias Mafukidze, a chartered accountant and founding chairman and chief financial architect of KM Financial Solutions.
Premier Banking Corporation, which celebrated its fifth anniversary this year, partnered The Financial Gazette in producing the survey for the third year running.
The Financial Gazette, Zimbabwe’s leading weekly business and political newspaper, has been in the publishing industry since 1969 and has produced the Top Companies Survey for decades.
Its partner, Premier Banking Corporation, a young but robust merchant-banking outfit that has transformed banking in the country since its establishment five years ago, is a subsidiary of Premier Finance Group. - Financial Gazette