The prestigious Sunday Times Top 100 Companies awards acknowledge listed companies which have earned the highest returns for their shareholders over the last five years. The gala dinner Top 100 Companies event also features highly sought-after awards for Business Leader of the Year and Lifetime Achiever in the realm of South African business. Sunday Times Top 100 Companies analyses the share price performance of listed companies over a rolling five-year period using a hypothetical initial investment amount of R10 000.
This year’s investment measurement period has run from 1 September 2016 to August 31 2021, with the winning company being the one which has created the most wealth and value for shareholders over that period, assuming reinvestment of all dividends, bonus share allotments and special payments. This year, in the interest of including those companies which can truly be considered to be publicly held and which are producing returns for JSE investors, Top 100 Companies is raising its market capitalisation threshold for inclusion to R5-billion and above.
Since 2011, we have increased the minimum volume traded value to R20-million because of higher trading volumes over the years and in order to exclude distortion from extreme movements in penny stocks. Apart from being an accurate measurement of shareholder fortunes, the share price plus the amount of income returned to shareholders is an indicator of the soundness of a company’s operations – if one accepts that share price performance is generally an accurate barometer.
In support of social distancing initiatives, and as a sign of respect to our front line workers, this year the Sunday Times Top 100 Companies Awards gala dinner, futured by BCX, will be replaced by a winners announcement that will stream online on 11 November 2021.