The Financial Mail announced the winners of its annual Top Analyst Awards at an event in Johannesburg last night. The Financial Mail Top Analyst Awards, in association with IRESS and the JSE, recognises South Africa’s top analysts in the institutional stock broking industry.

“This year is the 44th year we’re hosting these awards, and we’re taking the rankings to a new level by including the views of institutional investors in the rest of the world,” says Rob Rose, the editor of the Financial Mail. “These results will incorporate the Extel/Institutional Investor rankings of the South African sell-side industry, compiled from a survey of asset managers in 55 countries.”

For the fourth year running, Standard Bank SBG Securities was awarded as the Overall Top firm. As in 2018, Peregrine Securities maintained its position as the Top firm – Execution: Derivatives.

Similarly, RMB Morgan Stanley held its ranking as the Top firm – Execution: Equities Dealing, as well as maintaining top spot in the Corporate Access, Administration, and Sales Team categories. Rand Merchant Bank replaced Nedgroup Securities as the Top firm – Execution: Fixed Interest Securities for 2019.

André Bekker from Arqaam Capital was awarded as Young Analyst of the Year 2019: Equities, while Odwa Sihlobo from Prescient Securities was named Young Analyst of the Year 2019: Nonequities.

Intellidex’s survey of SA-based asset managers covers about 90% of the institutional market, and is compiled through a series of confidential questionnaires completed by domestic institutional clients of local stockbroker firms.

The Financial Mail has been associated with this survey since 1975 – the only ranking in South Africa that provides a reliable and independent ranking of the skills in the industry. A special report on the 2019 research findings will be published in the Financial Mail on Thursday, 30 May 2019.

Stuart Theobald, the founder of Intellidex, which performed the research, said the FM rankings remain the key accolade for any broker to walk into a client pitch in South Africa. “The FM also goes further than ranking teams to cover analysts in 40 different research categories, providing the only way that clients can identify the leading brains on particular subject areas,” he said.

The new ratings come at a tough time for the broking industry, which is battling the impact of Europe’s MiFID 2 guidelines, which compel stockbrokers to separate their fees for research and execution.

Says Theobald: “Mifid2 has put significant pressure on budgets for research so analysts are now having to work harder to prove they are worth the value to clients. The FM rankings are one clear way that analysts who deliver value can be recognised”

Herewith the list of categories and winners of the 2019 Financial Mail Top Analysts Awards:
**Winner in 2018 *change noted since 2018

Young Analyst of the year : Equities

Andre Bekker
Arqaam Capital

Young Analyst of the year : Non-equities

Odwa Sihlobo

Prescient Securities

**Gold Mining

Adrian Hammond

Standard Bank/SBG Securities

Platinum & Precious Metals

Christopher Nicholson and Jared Hoover

RMB Morgan Stanley

**General Mining

Johann Pretorius and Siphelele Mhlongo

Renaissance Capital

**Oil & Gas and Chemicals

Gerhard Engelbrecht

Macquarie

**Forestry & Paper

Brian Morgan

RMB Morgan Stanley

Industrial Metals

Thabang Thlaku and Tim Clark

Standard Bank/SBG Securities

**Resources Small & Medium Market Cap Companies

Tim Clark, Thabang Thlaku & Leroy Mnguni and Adrian Hammond

Standard Bank/SBG Securities

**Construction, Building Materials & Machinery

Rowan Goeller

Macquarie

**Banks

Stephan Potgieter

UBS SA

General Financial

Stephan Potgieter

UBS SA

**Insurance

Michael Christelis

UBS SA

**Beverages & Tobacco

Rey Wium

Standard Bank/SBG Securities

**Food Producers

Vikhyat Sharma

RMB Morgan Stanley

Healthcare Providers & Pharmaceuticals

Kane Slutzskin

UBS SA

**Luxury Goods

Rey Wium

Standard Bank/SBG Securities

**General Retailers

Sean Holmes

*RMB Morgan Stanley

Household Goods Retailers

Kaeleen Brown and Ya’eesh Patel

Standard Bank/SBG Securities

Hotels, Travel & Leisure

Michele Olivier

RMB Morgan Stanley

Diversified Industrials

Brent Madel

Renaissance Capital

**Investment Companies

Rey Wium

Standard Bank/SBG Securities

Computing & Electronics

Ruhan du Plessis

Avior Capital Markets

**Media

David Ferguson

Renaissance Capital

**Telecommunications

Jonathan Kennedy-Good and *Preeti Sukha

Standard Bank/SBG Securities

Financial and industrial small & medium market cap companies

Sumil Seeraj, Marc Ter Mors, Magdel Neale and Munira Kharva

Standard Bank/SBG Securities

**Real Estate

Nazeem Samsodien & Mahir Hamdulay

Macquarie

**Africa Ex-SA equities

EFG Hermes Firm

EFG Hermes

Africa Ex-SA non-equities

David Cowan, Gina Schoeman and David Lubin

Citigroup Global Markets

Commodities

Johann Pretorius, Steven Friedman, Kabelo Moshesha, Siphelele Mhlongo and Derick Deale

Renaissance Capital

Environmental, social and corporate governance

Waseem Thokan and Rob Worthington-Smith

Legae Securities

Credit Analysis

Elena Ilkova and Kate Rushton

Rand Merchant Bank

Derivatives

Emlyn Flint, Florence Chikurunhe, Anthony Seymour and Samantha Jones

Legae Peresec

Fixed-Interest Securities

Mike Keenan

Absa Capital

Innovative research

Mary Curtis, Chris Nicholson, Brian Morgan, Vikhyat Sharma, Michele Olivier, Roy Campbell, Elan Levy and Sean Holmes

RMB Morgan Stanley

**Economic Analysis (domestic)

Elna Moolman

*Standard Bank/SBG Securities

**Economic Analysis (international)

Mary Curtis, Ian Doyle, Jonathan Garner, Andrea Masia and Jacob Nell

RMB Morgan Stanley

**Investment Strategy

Mary Curtis

RMB Morgan Stanley

**Political Analysis

Simon Freemantle

Standard Bank/SBG Securities

Quantitative Analysis

Emlyn Flint, Florence Chikurunhe, Anthony Seymour and Samantha Jones

Legae Peresec

Risk Management

Petrus Bosman and Team

Avior Capital Markets

**Technical Analysis

Neels Heyneke and Mehul Daya

Nedgroup Securities

**Top firm : Administration Efficiency

RMB Morgan Stanley

**Top firm: Corporate Access

RMB Morgan Stanley

**Top firm : Execution: Derivatives

Peregrine Securities

**Top firm : Dealing: Equities

RMB Morgan Stanley

Top firm : Execution: Fixed Interest Securities

Rand Merchant Bank

**Top Sales Teams

RMB Morgan Stanley

**Overall Top Firm

Standard Bank /SBG Securities