29 May 2019
Renaissance Capital records outstanding performance in 2019 Financial Mail Top Analyst Awards

Every single one of the Renaissance Capital South Africa and Sub-Saharan Africa analysts rated in the top 3

29 May 2019 – Renaissance Capital, a leading emerging and frontier markets investment bank, has delivered robust performance in the 2019 Financial Mail Top Analyst Awards, conducted by South Africa's leading weekly business and financial magazine.

The Firm was ranked fourth for overall equity research, maintaining its position for the second year in a row. This healthy team result was supported by continued excellence in individual categories. For the very first time, every single one of the Renaissance Capital South Africa and Sub-Saharan Africa analysts was rated in the top 3:

  • #1 ratings: Johann Pretorius (General Mining; Commodities), David Ferguson (Media), Brent Madel (Diversified Industrials), Steven Friedman (Commodities), Kabelo Moshesha (Commodities), Siphelele Mhlongo (General Mining; Commodities) and Derick Deale (Commodities);
  • #2 ratings: Yvonne Mhango (Africa Ex-SA Non-Equities), Johann Pretorius (Small & Medium Cap Resources), Brent Madel (Construction, Building Materials; Small & Mid Cap Financial and Industrial), Steven Friedman (Small & Medium Cap Resources), Kabelo Moshesha (Small & Medium Cap Resources), Siphelele Mhlongo (Small & Medium Cap Resources), Adedayo Ayeni (Africa Ex-SA Equities), Olamipo Ogunsanya (Africa Ex-SA Equities) and Temilade Aduroja (Africa Ex-SA Equities).
  • #3 ratings: Johann Pretorius (Industrial Metals), Ilan Stermer (General Financials), Robyn Collins (Food Producers), Steven Friedman (Platinum and Precious Metals), Kabelo Moshesha (Industrial Metals) and Phago Rakale (General Financials).

Phago Rakale was also rated second for the Young Analyst (non-equities) of the Year Award (below 30 years of age).

Johann Pretorius, Managing Director, Head of Research for Africa and Head of Metals & Mining Research, Renaissance Capital commented: "We are pleased with Renaissance Capital's outstanding performance in this year's Financial Mail Awards. On behalf of the Firm, I would like to congratulate all of our award-winning SA and SSA analysts. We have strong research relationships with most of the top EMEA institutional investors and we strive to build on these solid foundations. Our aim is to provide the most valuable, relevant research to our clients." 

Yvonne Mhango, Director, Head of SSA Research and SSA Economist, Renaissance Capital said:  “We are delighted that Renaissance Capital’s research team continues to grow from strength to strength. We excelled in the sectors covered by Renaissance Capital and were rated top 3 in 13 sectors, up from 12 in 2018. My congratulations and best wishes to the team.” 

The Financial Mail ranking is based on a confidential questionnaire of the largest institutional investors in South Africa, with this year's funds estimated at a total AUM of $430bn. The awards are considered the most prestigious survey of analysts in Africa.

 

 

Sector

Analyst

Rating

Market share*

General Mining

Johann Pretorius and Siphelele Mhlongo

1

28,3%

Media

David Ferguson

1

20,9%

Diversified industrials

Brent Madel

1

18,4%

Commodities

Johann, Steven, Kabelo, Siphelele and Derick

1

16,9%

Construction, building materials 

Brent Madel

2

21,6%

Africa Ex-SA equities

Dayo Ayeni, Ola Ogunsanya and Temi Aduroja

2

19,7%

Small & medium cap resources

Johann, Steven, Kabelo and Siphelele

2

19,5%

Africa Ex-SA non-equities

Yvonne Mhango

2

19,3%

Small & mid cap financial and Industrial

Brent Madel 

2

11,3%

Industrial Metals

Kabelo Moshesha & Johann Pretorius

3

20,7%

Food producers

Robyn Collins

3

16,1%

Platinum and precious metals

Steven Friedman

3

15,2%

General financials

Ilan Stermer and Phago Rakale

3

11,8%

Banks

Ilan Stermer

4

10,2%

Overall equity research ranking

Renaissance Capital

4

9,6%

Investment companies

Ilan Stermer

5

8,6%

General retailers

Zaheer Joosub

5

5,8%

Gold Mining

Steven Friedman

6

11,5%

Forestry and paper

Kabelo Moshesha

6

5,5%

Oil & gas

Steven Friedman

7

5,7%

 

*Share of vote on a brokerage weighted basis