AEEI WINS TOP IRAS GOVERNANCE AWARD

2 December 2016
534 Views
Comments are off for this post

Cape Town, 30 November 2016 – It has been a bumper year of awards for JSE-listed African Equity Empowerment Investments Limited (AEEI), a diversified investment and empowerment company as it receives a 5th performance award for the year at an event held in Sandton on 30 November 2016.

Cherie and IRAS award (1)

Today the company was awarded Top in the Sector: Financial Services – Other, with a score of 83.52%. This award is for the Highest Sustainability Data Transparency Index (SDTI) for reporting and governance by Integrated Reporting Assurance Services (IRAS). This is a significant movement upwards for any company.

AEEI was also awarded 3rd overall out of a total of 311 companies of which 297 are JSE-listed companies and 14 State-owned enterprises.

Ms Cherie Hendricks, Director of Corporate Affairs and Sustainability at AEEI, responsible for the preparation of the Integrated Reports said, “On behalf of AEEI, I am delighted to be receiving this award. For many years we have worked tirelessly to provide our stakeholders with the information they require in order to make informed decisions. Our Integrated Report in terms of our Sustainability Reporting which includes financial statements which upholds the highest standard of governance.”

During 2013, AEEI was rated 182nd overall, in 2014, the company was rated 16th overall and Top in the Financial Services sector and during 2015, the company was also ranked 10th overall and 2nd in the Financial Services sector. This is indicative of the general manner in which AEEI has improved its reporting systems.

AEEI is driven by its core values and strong commitment to social, environmental and economic changes, as well as with a great emphasis on marginalised groups. The company also acknowledges its responsibility to all employees and the public for compliance with environmental standards. It has established policies, identified standards and determined regulatory requirements.

AEEI’s Chief Executive Officer, Mr Khalid Abdulla said with great delight, “We are honoured to be receiving this award, which confirms that our business model is on a firm holistic and sustainable growth path as we continue to add value for our stakeholders, with a very high standard of financial performances and governance in a testing economic climate.”

As testament to its forward thinking approach and its ability to deliver, AEEI is committed to building a sustainable business into the future. The Company was recently recognised by Empowerdex in its annual benchmark of JSE Listed companies as the Most Empowered Company, the Most Empowered Management Control, and was also listed by the Financial Mail as a Top 10 Performer on the JSE for financial performance.

African Equity Empowerment Investments Limited (“AEEI or “The Company” or “The Group”) is a majority black-owned and black-managed investment holding Company based in South Africa.

The Group has investments in food and fishing, technology, health and biotherapeutics, events and tourism, all supporting Broad-based Black Economic Empowerment (BBBEE) and small, medium and micro- enterprises (SMMEs). The Group also holds strategic investments in British Telecoms South Africa, Saab Grintek Defence, Pioneer Foods and Sygnia Limited, some with international partners.

Our growth strategy is underpinned by our diverse portfolio and is reflected in our results. This growth strategy has laid a strong foundation for the next phase of the AEEI’s Group’s evolution which is reflected in achievements in terms of Vision 2020 Vision.

AEEI’s primary market remains in South Africa; however, we continue to expand into the rest of Africa. Outside of South Africa we have a market presence in Asia, America, Africa, Europe, Dubai, United Kingdom, Zambia, Ghana, Uganda, Cameroon, Australia, Zimbabwe, Tanzania, Nigeria, Kenya and Namibia through our subsidiaries.

Should you wish to set up an interview with Mr Khalid Abdulla or Ms Cherie Hendricks, contact:

Feroza Petersen | Communications & Marketing manager

Tel:          + 27 21 427 1400
Mobile: +27 82 801 3919
www.aeei.co.za