Cape Town – African Equity Empowerment Investments (AEEI) group chief executive Khalid Abdulla was on Thursday named as the top empowered business leader of the year at the 16th Oliver Empowerment Awards held in Johannesburg.
Abdulla said he was humbled by the award and credited AEEI’s board and his management team for continuing to implement the group’s 2020 strategic vision for growth and transformation.
“Since its inception, AEEI undertook to focus on growing the business and to provide the platform for empowerment of others, especially the empowerment of those disadvantaged individuals who are driven to succeed with us,” he said.
AEEI chief executive Khalid Abdulla was named as the top empowered business leader of the year at the 16th Oliver Empowerment Awards. Picture: Independent Media
AEEI, which was formerly called Sekunjalo Investments, invests in the fishing, information technology, financial services, food and healthcare industries. The Oliver Empowerment Awards are the country’s foremost awards recognising leadership and innovation in empowerment.
The awards are rigorously assessed and independently assured and provide recognition for companies that are integrating empowering business practice and delivering positive impacts in the marketplace, in the workplace and in the communities they operate.
Abdulla said the group’s success was due to its highly skilled empowerment management team, which put the company on the front foot for future growth.
“We are deeply honoured to have been recognised for our efforts with these awards, testament to our commitment to broad-based black economic empowerment, enterprise development and delivering strong financial performance with a holistic and sustainable business model,” Abdulla said.
Accepting the award on behalf of Abdulla was Feroza Petersen, AEEI Group’s Communications and Marketing manager.
The group has been on a spending spree in the past few years, particularly making significant acquisitions in the information technology space.
In 2015, it increased its stake in security and defence specialist company Saab Grintek Defence to 25percent – the deal was valued at R120million.
Aside from the Saab investment, the company has secured equity partnership with consumer brands group Pioneer Foods and fund management group Sygnia, for which it paid R10m.
The group last year acquired a 57percent stake in Midrand-based information technology company Puleng Technologies for an undisclosed amount. The award bestowed on Abdulla is one of the numerous given to the company in the course of last year.
In July last year, the Financial Mail announced AEEI as the top performer on the JSE, after it had demonstrated continued and consistent financial growth.
This followed recognition by Empowerdex on October 6, 2016, in its annual benchmark of JSE-listed companies as the Most Empowered Company under the amended codes as well as the Most Empowered Management Control.
Abdulla said that the work done in implanting the group’s 2020 vision and growing up in a racially divided South Africa had steered him and the company in the right direction.
“Where we have come from and what we experienced in years gone by has given me a different perspective on life and business.
“I see that echoed in many of my co-workers. What sets AEEI apart, and I believe has made us this solid and successful entity, is how we identify opportunities and our approach in taking these prospects forward to fruition.”
By TINTSWALO BALOYI 3 March 2017
JOHANNESBURG, (CAJ News) – THE Johannesburg Stock Exchange (JSE) has conducted its first listing of the year after Premier Food and Fishing Limited listed in the listed in the Farming, Fishing and Plantations sector of the Main Board.
It joins six companies that are listed in the Farming, Fishing and Plantations sector of the JSE, which currently has a market capitalisation of R38,29 billion.
Premier Food and Fishing owns one of the country’s largest black-owned fishing companies, Premier Fishing SA, which has an impressive 65 year track record.
Donna Nemer, Director: Capital Markets at the JSE, says the exchange is pleased to welcome the company.
“We are always looking at ways in which we can grow our offering by expanding the types of companies that we list and this listing will provide our investors with choice, and an opportunity to acquire a stake in the company and grow their investments.”
Samier Saban, Chief Executive Officer of Premier Food and Fishing, says listing will provide the company with access to capital in order to grow the business both organically and by way of future acquisitions.
“Being listed on the JSE will further allow us to give both our employees, as well as the members of the communities in which we operate and also the general public, an opportunity to acquire equity in the company and thereby a liquid, tradeable asset within a regulated environment,” says Saban.
Premier Food and Fishing is a subsidiary of African Equity Empowerment Investments.
– CAJ News
From left to right Samir Saban CEO of Premier Food and Fishing , Director of Capital Markets JSE Donna Nemer, Reverend Vukile Mehana of Premier Food and Fishing, Nicky Newton-King CEO JSE. Image: Supplied
Johannesburg – Premier Food and Fishing has become the first company to list on the JSE this year, making its debut under the share code PFF with a opening share price of R4.90.
The company listed on the Farming, Fishing and Plantations sector of the JSE’s Main Board.
Premier Food and Fishing owns one of the country’s largest black-owned fishing companies, Premier Fishing SA, which has a 65 year track record.
The company, a subsidiary of African Empowerment Equity Investments (AEEI) says its much anticipated listing on the local bourse has been oversubscribed.
The company last week said a private placement ahead of its initial public offering (IPO) was oversubscribed four times, following a successful two-week road show in anticipation of resuming trading on the JSE next week.
The company, in existence since 1952, was previously called Sekunjalo Industrial Holdings. It was to privately 117 million shares.
It is listing to gain access to capital to grow its business organically and through future acquisitions. It also wants to give employees and members of communities in which it operates, as well as the general public an opportunity to acquire an equity stake.
Donna Nemer, director of Capital Markets at the JSE, says the exchange is pleased to welcome Premier Food and Fishing.
Read also: Premier Foods oversubscribed
Premier Food and Fishing joins six companies that are listed in the Farming, Fishing and Plantations sector of the JSE, which currently has a market capitalisation of R38.29 billion.
CEO Samier Saban, Premier Food CEO, says “listing will provide the company with access to capital in order to grow the business both organically and by way of future acquisitions. Being listed on the JSE will further allow us to give both our employees, as well as the members of the communities in which we operate and also the general public, an opportunity to acquire equity in the company and thereby a liquid, tradeable asset within a regulated environment.”
Cape Town, 07 December 2016 – Celebrating an exceptional year of performance, empowerment and governance awards, Khalid Abdulla, Group CEO of African Equity Empowerment Investments Limited (AEEI), was treated by The Johannesburg Stock Exchange (JSE) to the sound of its mystical Kudu horn, as he officially opened the markets this morning.
The blowing of the horn (ringing of the bell) has become somewhat of a tradition, although usually reserved for companies that are being listed on the stock exchange. However, Abdulla and AEEI were accorded the honour by virtue of the fact that the company has shown consistent financial growth over several years, with a particularly impressive trading period in the past 12 months and recognised by its peers with several top awards and consistent financial performance.
As testament to its forward thinking approach, its high standards and its ability to deliver results, AEEI was recently recognised by Empowerdex in its annual benchmark of JSE Listed companies as the Most Empowered Company, the Most Empowered Management Control, listed by the Financial Mail as a Top 10 Performer on the JSE for financial performance and was also ranked by IRAS as the Top Performer for the highest SDTI for governance in the Sector: Financial Services – Other.
Accolades for its proficiency are well deserved. It has increased its current market cap to almost R2 billion from R500 million over the past three years, posted consistent above market year-on-year growth, with a record 53% increase in operating profit, and its Net Asset Value (NAV) increasing by 21% for the year to end August 2016. This is made all the more remarkable when considering the tough economic conditions of the times.
Following its ‘Vision 2020 Vision’ strategy which continues to have a positive impact on the growth progression and operational efficiency of all five divisions of this diversified Investment Company. Consistent performance, coupled with increased brand awareness and recognition, its acquisitions and the value it unlocks in its operations as well as strategic investments (like Saab Grintek Defence, British Telecommunication Services South Africa (Pty) Ltd Pioneer Foods Group Limited and asset management company, Sygnia Limited) is attracting investor interest and growing confidence. The company has also created significant stakeholder value.
As one of South Africa’s leading and most successful black empowered listed companies, Abdulla and his colleagues put their sustained growth, financial success and expanding influence down to a few simple principles; The ability to embrace differences – whether it is experience, outlook or knowledge – observe and truly listen to what is going on around them, not just in business but on the ground, in
Communities they come from, and ultimately represent, as well as AEEI’s non-judgemental but open-minded approach to business and putting stakeholders first.
This perceptive approach is represented in, and delivered on, by AEEI’s holistic ‘Vision 2020 Vision’ strategy. It is underpinned by the holistic professional capabilities of the management team driven and led by Mr Khalid Abdulla and the organisation’s belief in empowering its staff and one of the key reasons why Abdulla has the honour of opening the Johannesburg Stock Exchange.
Thanking the JSE for awarding AEEI the opportunity, Abdulla said: “This is for each member of the incredible AEEI team (management and staff) who all deserve the recognition and without whom we would not be here today. We are excited about what tomorrow holds.” With that, Abdulla took a deep breath and sounded the future.
As several other additional acquisitions in the new 2017 financial year have already been announced – Puleng Technologies and the most recent being the stake it has taken in Headset Solutions – the predicted listing of its food and fishing, and technology businesses, it may well be sooner, rather than later, that Abdulla’s horn blowing talent is once more tested.
The top 4 awards again at the end of release:
- Top financial performance
- Top empowered company
- Top empowered management and management controlled company
- Top award for corporate governance
Should you wish to interview Mr Khalid Abdulla, please contact:
Communications and Marketing
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.
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