The winners of the 46th annual Financial Mail Top Analyst awards in partnership with Iress and the JSE, were announced at an awards function hosted on 31 May 2022 at The Empire Conference and Events venue in Johannesburg, as well as online via a dedicated streaming platform. These awards recognise South Africa’s top analysts in the institutional stockbroking industry.

The Financial Mail Ranking the Analysts is the only survey in South Africa that provides a reliable and independent ranking of skills in the industry. The research, which is conducted by Intellidex, is estimated to cover 90% of the institutional stockbroking market through confidential questionnaires completed by their domestic institutional clients.

The Young Analyst award was adjudicated by the CFA Society South Africa which has been promoting the development of young analysts for the past eight years. The judges found the top submissions to be insightful and thorough with a reasonable and well-constructed basis, and solid thought given to linking macros to company performance.  Over the past few years, the submissions for non-equity research have reduced and in order to keep the award competitive, we have combined both the equity and non-equity submissions into one category for 2022.  This year’s winner is Samantha Naicker from Absa CIB for her research on Tiger Brands: Perishable bread margin.

Noah Capital Markets is the Top Black Broker for the third year in a row. Qualification for this category requires meeting the criteria of being more than 50% black-owned with a minimum level 2 B-BBEE rating, and top line revenue that does not exceed R100m.

This year’s winners are as follows:

YOUNG ANALYST OF THE YEARSAMANTHA NAICKER FROM ABSA CIB
TOP BLACK BROKERNOAH CAPITAL MARKETS
TOP FIRM: EXECUTION – DERIVATIVESPERESEC
TOP FIRM: EXECUTION – FIXED INTEREST SECURITIESNEDBANK SECURITIES
TOP FIRM: CORPORATE ACCESSRMB MORGAN STANLEY
TOP FIRM: EXECUTION – EQUITIESRMB MORGAN STANLEY
TOP FIRM: ADMINISTRATIONSTANDARD BANK SBG SECURITIES
TOP FIRM:  SALES TEAMRMB MORGAN STANLEY
TOP RESEARCH FIRMRMB MORGAN STANLEY
GOLD MININGADRIAN HAMMONDSTANDARD BANK SBG SECURITIES
PLATINUM & PRECIOUS METALSCHRISTOPHER NICHOLSONRMB MORGAN STANLEY
GENERAL MININGTIM CLARK AND THABANG THLAKUSTANDARD BANK SBG SECURITIES
OIL & GAS AND CHEMICALSGERHARD ENGELBRECHTABSA CIB
FORESTRY & PAPERBRIAN MORGANRMB MORGAN STANLEY
INDUSTRIAL METALSTHABANG THLAKU AND TIM CLARKSTANDARD BANK SBG SECURITIES
RESOURCES SMALL & MEDIUM
MARKET CAP COMPANIES
TIM CLARK, THABANG THLAKU AND ADRIAN HAMMONDSTANDARD BANK SBG SECURITIES
CONSTRUCTION, BUILDING
MATERIALS & MACHINERY
ROWAN GOELLERCHRONUX RESEARCH
BANKSJAMES STARKERMB MORGAN STANLEY
GENERAL FINANCIALWARWICK BAM AND SABENA OMARAVIOR CAPITAL MARKETS
INSURANCEWARWICK BAMAVIOR CAPITAL MARKETS
BEVERAGES & TOBACCOREY WIUMSTANDARD BANK SBG SECURITIES
FOOD PRODUCERSSUMIL SEERAJSTANDARD BANK SBG SECURITIES
HEALTHCARE PROVIDERS & PHARMACEUTICALSALEX COMERJPMORGAN
LUXURY GOODSREY WIUMSTANDARD BANK SBG SECURITIES
GENERAL RETAILERSSEAN HOLMESRMB MORGAN STANLEY
HOUSEHOLD GOODS RETAILERSSEAN HOLMES AND VIKHYAT SHARMARMB MORGAN STANLEY
HOTELS, TRAVEL & LEISUREIAN DOYLE AND JAMIE PEGGRMB MORGAN STANLEY
DIVERSIFIED INDUSTRIALSROWAN GOELLERCHRONUX RESEARCH
INVESTMENT COMPANIESREY WIUMSTANDARD BANK SBG SECURITIES
COMPUTING & ELECTRONICSIRNEST KAPLANKAPLAN EQUITY ANALYSTS
MEDIAKEVIN MATTISON AND WARWICK BAMAVIOR CAPITAL MARKETS
TELECOMMUNICATIONSJONATHAN KENNEDY-GOODJPMORGAN
FINANCIAL AND INDUSTRIAL
SMALL & MEDIUM MARKET
CAP COMPANIES
MUNEER AHMED AND JAMES TWYMANPRESCIENT SECURITIES
REAL ESTATEMWEISHO NENE AND PRANITA DAYASTANDARD BANK SBG SECURITIES
AFRICA EX.SA NON-EQUITIESJIBRAN QUREISHI, KURIA KAMAU, FERISHKA BHARUTH AND TEAMSTANDARD BANK SBG SECURITIES
AFRICA EX.SA EQUITIESKATO MUKURU, RONAK GADHIA, LUIS COLACO, MOSES WAIRERI NJUGUNA, MUAMMAR ISMAILY, SILHA RASUGU AND OYINKANSOLA FAGBULUEFG HERMES
COMMODITIESTHABANG THLAKU, TIM CLARK AND ADRIAN HAMMONDSTANDARD BANK SBG SECURITIES
INNOVATIVE RESEARCHMARY CURTIS, ANDREA MASIA AND
CHRISTOPHER NICHOLSON
RMB MORGAN STANLEY
ECONOMIC ANALYSIS (DOMESTIC)ELNA MOOLMANSTANDARD BANK SBG SECURITIES
ECONOMIC ANALYSIS (INTERNATIONAL)MARY CURTIS, ANDREA MASIA AND IAN DOYLERMB MORGAN STANLEY
INVESTMENT STRATEGYMARY CURTISRMB MORGAN STANLEY
POLITICAL ANALYSISSIMON FREEMANTLESTANDARD BANK SBG SECURITIES
QUANTITATIVE ANALYSISJOSIAH RUDOLPHANCHOR STOCKBROKERS
RISK MANAGEMENTEMLYN FLINT, FLORENCE CHIKURUNHE
AND NDINAE MASUTHA
PERESEC
TECHNICAL ANALYSISNEELS HEYNEKENEDBANK SECURITIES
ENVIRONMENTAL, SOCIAL AND
GOVERNANCE
WASEEM THOKAN AND
ROB WORTHINGTON-SMITH
PERESEC
CREDIT ANALYSISROBYN MACLENNAN, STEFFEN KRIEL AND LATISHA NUNANSTANDARD BANK SBG SECURITIES
DERIVATIVESEMLYN FLINT, FLORENCE CHIKURUNHE
AND NDINAE MASUTHA
PERESEC
FIXED-INTEREST SECURITIESMIKE KEENAN AND NIKOLAUS GEROMONTABSA CIB

A special report on the 2022 research findings will be published in the Financial Mail on Thursday, 2 June 2022.