FINANCIAL MARKETS INDABA

Email

admin@indabaafrica.com

Call Now

+44 7405 965337 

NEWS

Capital Markets Awards in partnership with the Capital Markets Association of Zimbabwe

The Capital Markets Awards is a prestigious event designed to recognize and celebrate excellence within Zimbabwe’s financial sector. We provide an extensive overview of the award categories, the evaluation criteria, and the reasoning behind the selection process, ensuring transparency and clarity in the decision-making process.

Evaluation Criteria Overview – The evaluation process for each award category involves a dedicated research team that assesses all submitted information against a set of established criteria. These criteria include:

  • Performance Metrics: Evaluates financial performance, growth, and return on investment.
  • Leadership: Assesses the vision, strategy, and effectiveness of the company or individual’s leadership.
  • Market Impact: Considers the influence and contribution to the capital markets.
  • Innovation: Looks at the adoption of new ideas, technologies, or processes.
  • Corporate Social Responsibility (CSR): Measures the company’s or individual’s commitment to ethical practices and social contributions.
  • Industry Reputation: Assesses peer recognition, credibility, and standing within the industry.
  • Peer Recognition: Considers accolades and recognition from industry peers.
  • Transparency: Evaluates the clarity and honesty in reporting and communication.
  • Compliance: Considers adherence to regulatory standards and ethical guidelines.
  • Contributions to the Market: Evaluates the overall impact on the growth and stability of the capital markets.

Award Categories and
Detailed Criteria Evaluation

1. Best Performing Listed Company of the Year

This award recognizes a listed company that has demonstrated exceptional performance and growth prospects. The winner will be a responsible, accountable, and dynamic business with a long-term vision and a strong commitment to environmental, social, and governance (ESG) principles.

Criteria Evaluation:

Performance Metrics: The company’s financial performance, including revenue growth, profitability, and return on investment, is assessed. However, the evaluation goes beyond short-term financial success, focusing on sustainable and improved profitability over the long term.

Long-term Growth Potential:

The winner must demonstrate consistent growth and have a clear strategy for continued expansion. This includes not only financial success but also the ability to attract and effectively use public funding for future growth.

Sustainability and ESG Leadership:

The company should exhibit leadership in ESG practices, ensuring that its growth is environmentally sustainable and socially responsible.

Stakeholder Engagement:

The evaluation also considers how well the company engages with its stakeholders, including employees, customers, suppliers, and investors, ensuring their interests are aligned with the company’s long-term goals.

Leadership and Management: The company must demonstrate strong, visionary leadership and effective management practices. This includes sound decision-making, strategic planning, and effective succession planning to ensure the company’s longevity and resilience.

Corporate Social Responsibility (CSR): The company’s commitment to CSR is critically evaluated, focusing on how it integrates social and environmental concerns into its business operations and interactions with stakeholders.  

2. Environmental Social Governance (ESG) Award

This award recognizes a company that excels in implementing and integrating ESG principles into its business operations. The winner will demonstrate a proactive approach to governance, environmental stewardship, and social responsibility, going beyond mere compliance to genuinely embed these values into its business strategy.

Criteria Evaluation:

Market Impact and Innovation: The company must show how its ESG initiatives have positively impacted the market and contributed to its competitive advantage. Innovative approaches to sustainability and governance are particularly valued.

Innovation in ESG Practices:

The company should exhibit innovative approaches to integrating ESG principles, such as adopting new technologies or practices that reduce environmental impact or improve social outcomes.

Alignment with Business Strategy:

The company’s ESG initiatives should be closely aligned with its overall business strategy, ensuring that these practices are not just add-ons but are central to the company’s mission and operations.

Stakeholder Engagement:

The evaluation considers how effectively the company communicates and engages with stakeholders about its ESG practices, ensuring transparency and fostering trust.

Transparency and Compliance: The company’s adherence to transparency in reporting its ESG activities and its compliance with relevant regulations are key factors in the evaluation.

Corporate Social Responsibility: The company’s CSR efforts, particularly those that address social issues and contribute to the well-being of communities, are closely examined.

3. Best Performing Asset Manager

This award recognizes outstanding achievement in asset management, highlighting firms and professionals who have excelled in managing institutional and retail assets. The winner will have demonstrated excellence in performance, innovation, and client service

Criteria Evaluation:

Performance Metrics: The asset manager’s track record in delivering strong returns for clients, managing risk effectively, and outperforming benchmarks is a critical criterion.

Risk Management:

The firm’s ability to manage and mitigate risks while achieving superior returns is a key focus. This includes evaluating the robustness of the firm’s investment strategies and its adaptability to market changes.

Client Service:

The quality of client service, including the firm’s responsiveness, transparency in communication, and the ability to meet client needs, is a significant part of the evaluation.

Consistency of Performance:

The firm’s consistency in delivering strong performance across different market cycles and conditions is also a key factor in the evaluation.

Leadership and Management: The firm’s leadership in guiding investment strategy, fostering innovation, and driving continuous improvement within the organization is evaluated.

Industry Reputation: The firm’s standing in the industry, including peer recognition and client testimonials, is considered to gauge its influence and respect within the asset management sector.

4. Best Equities Fund Manager

This award recognizes the fund manager with exceptional skills in stock selection and portfolio management. The winner will have demonstrated a strong track record of identifying high-performing stocks and achieving superior returns for investors.

Criteria Evaluation:

Performance Metrics: The fund manager’s ability to consistently outperform the market and deliver strong returns to investors is a primary criterion.

Stock Selection Skills:

The manager’s ability to identify high-potential stocks, including emerging disruptors and future market leaders, is critically assessed.

Macro-Economic Understanding:

The evaluation also considers the manager’s understanding of the broader macroeconomic environment and its impact on stock selection and portfolio performance.

Risk Management:

The manager’s approach to balancing risk and reward, including the ability to make informed investment decisions under uncertainty, is a key factor in the evaluation.

Innovation: The manager’s use of innovative investment strategies and tools to enhance portfolio performance and mitigate risks is evaluated.

Peer Recognition: The manager’s reputation among peers, including recognition by industry bodies and fellow professionals, is considered as an indicator of their expertise and influence.  

5. Best Investment Research Provider

This award recognizes a company that has made a significant contribution to the capital markets through exceptional investment research. The winner will have demonstrated a commitment to delivering high-quality, insightful research that supports investor decision-making and enhances market transparency.

Criteria Evaluation:

Market Impact and Innovation: The research provider’s impact on the market, including how its insights have influenced investment decisions and market trends, is a key criterion.

Quality of Research:

The quality and depth of the research provided, including the accuracy of predictions and the comprehensiveness of analysis, are critical factors in the evaluation.

Accessibility and Communication:

The provider’s ability to communicate complex information in a clear, concise, and accessible manner is also considered.

Contribution to Market Transparency:

The provider’s role in enhancing market transparency through its research, including its efforts to educate and inform investors, is a significant part of the evaluation.

Industry Reputation: The research provider’s standing in the industry, including recognition by clients and peers, is considered as an indicator of its influence and credibility.

Client Service: The provider’s commitment to client service, including responsiveness to client needs and the ability to customize research offerings, is evaluated.

6. Best Investor Communication Award

This award recognizes excellence in shareholder and investor communication. The winning company will have demonstrated a commitment to maintaining open, honest, and transparent communication with its investors, effectively engaging with them through various channels.

Criteria Evaluation:

Transparency and Compliance: The company’s adherence to transparency in its communication with investors, including the timely and accurate disclosure of information, is a key criterion.

Clarity and Accessibility:

The clarity and accessibility of the company’s communication materials, including annual reports, investor presentations, and digital content, are critically evaluated.

Engagement Across Channels:

The company’s ability to engage effectively with investors across multiple channels, including social media, is considered as part of the evaluation.

Handling of Negative News:

The company’s approach to communicating bad or unexpected news, including its honesty and transparency in such situations, is also a key factor in the evaluation.

Leadership and Management: The leadership’s role in setting the tone for investor communication and ensuring that it aligns with the company’s values and strategy is evaluated.

Market Impact: The effectiveness of the company’s communication in influencing investor perceptions and behaviours, including its impact on the company’s market performance, is considered.

7. Best Stockbroker of the Year - Individual

This award recognizes an individual stockbroker who has demonstrated exceptional skill, deep market understanding, and outstanding client service. The evaluation focuses on professional progression, performance, and the individual’s contribution to the broader investment sector.

Main Areas of Focus  

Trades Execution: The broker’s ability to execute trades with precision and efficiency, ensuring the best possible outcomes for clients.

Market and Trends Understanding: The depth of the broker’s knowledge about current market trends and their ability to predict market movements.

Market Insight:

The broker's ability to anticipate and respond to market shifts, providing clients with strategic advice based on current trends.

Sector Expertise:

The broker’s expertise in specific market sectors and how this specialization adds value to their client’s portfolios.

Macroeconomic Awareness:

How well the broker understands broader economic factors and their potential impact on market dynamics.

Customer Service: The quality of interaction with clients, including responsiveness, communication, and overall client satisfaction.

Personalization:

The extent to which the broker tailors their services to meet the specific needs and preferences of each client.

Client Retention and Satisfaction:

Evaluates the broker's success in maintaining long-term client relationships and achieving high levels of client satisfaction.

8. Best Stockbroker of the Year

This award recognizes a stockbroking firm that has excelled in trade execution, customer service, and innovation. The evaluation considers the firm’s overall contribution to the capital markets and its ability to adapt to changing market conditions.

Main Areas of Focus

Trades Executed (Volume): The total volume of trades executed by the firm, indicating its market activity and influence.

Market Share:

The firm’s share of total market trades, reflecting its dominance and influence within the market.

Execution Efficiency:

The firm’s ability to process high volumes of trades quickly and accurately, minimizing errors and delays.

Corporate Actions Involvement: In this section, we aim to evaluate brokers based on their involvement in corporate actions throughout the year.

Corporate actions are events initiated by a publicly traded company that affect the securities it issues. These actions can have notable implications for investors and the market as a whole. We will also cover the roles of brokers as sponsors in Initial Public Offerings (IPOs) and market introductions.

Account Opening Process: The ease, speed, and customer experience associated with opening a trading account with the firm.

User Experience:

The simplicity and intuitiveness of the account opening process, from the client’s perspective.

Accessibility:

The firm’s ability to provide account opening services across multiple platforms (online, mobile, in-person).

Research Capabilities: The depth and quality of research provided by the firm, including market analysis, stock recommendations, and investment insights.

Research Depth:

The comprehensiveness of the firm’s research reports, including the analysis of market trends, economic indicators, and individual stocks.

Innovation in Research:

The use of new tools, technologies, or methodologies to provide unique insights that differentiate the firm’s research from competitors.

Client Impact:

How well the firm’s research informs and guides client investment decisions, contributing to better financial outcomes.

Customer Service: The quality of the firm’s customer service, including responsiveness, support quality, and client feedback mechanisms.

Support Channels:

The availability and effectiveness of different support channels (live chat, email, SMS, phone).

Client Feedback:

The firm’s processes for gathering and acting on client feedback to improve service delivery.

Service Consistency:

The consistency of customer service quality across different interactions and over time.

Education: The quality and accessibility of educational resources provided to clients, helping them to better understand the market and improve their trading skills.

Content Quality:

The depth, relevance, and accuracy of educational materials, including newsletters, webinars, videos, and articles.

Accessibility:

The ease with which clients can access educational content, whether through the firm’s website, mobile apps, or other channels.

Impact on Client Proficiency:

How effectively the educational content enhances clients’ understanding of market concepts and trading strategies. .

9. Lifetime Achievement Award

The Lifetime Achievement Award honours individuals who have made significant contributions to the capital markets and exchanges landscape in Zimbabwe. This award recognizes a lifetime of service, leadership, and impact within the financial sector.

Criteria Evaluation

Professional Legacy: The long-term impact of the individual’s work on the capital markets, including their contributions to the growth, stability, and development of the sector.

Career Milestones:

Key achievements and milestones in the individual’s career that have had a lasting impact on the industry.

Influence on Policy and Regulation:

The individual’s role in shaping market policies and regulatory frameworks that have enhanced the integrity and efficiency of the markets.

Mentorship and Leadership:

The individual’s contributions to developing future leaders in the sector through mentorship and leadership roles.

Innovation and Vision: The individual’s role in introducing new ideas, technologies, or practices that have transformed the market.

Pioneering Initiatives:

Innovations or initiatives introduced by the individual that have significantly advanced the market’s operations or accessibility.

Strategic Vision:

The individual’s foresight and ability to anticipate market trends, leading to proactive changes that benefit the market’s long-term health.

Sustainability Focus:

The individual’s commitment to sustainability and ethical practices, ensuring that their contributions have a positive and enduring impact.

Peer Recognition and Industry Reputation: The respect and recognition the individual has earned from peers and industry professionals.

Industry Awards and Honors:

Recognition by industry bodies or institutions through awards, honours, or accolades.

Peer Testimonials:

Feedback and testimonials from peers that highlight the individual’s contributions, character, and impact.

Public Speaking and Thought Leadership:

The individual’s role as a thought leader, including contributions to industry conferences, publications, and public discourse.

10. Capital Markets Advocacy Award - People’s Choice

Award Overview

The Capital Markets Advocacy Award – People’s Choice is a prestigious recognition that honours those who have gone above and beyond in advocating for the growth and development of Zimbabwe’s capital markets. The award not only acknowledges the achievements of the winners but also serves to inspire others in the industry to contribute to the ongoing advancement and integrity of the capital markets. The nominee’s work in raising awareness, influencing policy, promoting investor education, or otherwise contributing to the development of the capital markets is critical to this award. Through this award, we celebrate the vital role that advocacy plays in shaping a vibrant, inclusive, and dynamic financial sector.

 

Main Areas of Focus:

Public Engagement and Influence: The extent to which the nominee has effectively engaged with the public, influencing opinions, and fostering a broader understanding of the capital markets.

Advocacy Initiatives:

The specific campaigns, initiatives, or projects the nominee has undertaken to promote the capital markets. This could include public speaking engagements, published articles, participation in public forums, or the creation of educational materials aimed at increasing public knowledge of capital markets.

Social Media Impact:

The nominee’s presence and influence on social media platforms, where they have used these channels to educate, inform, and engage with a broader audience about the importance and workings of the capital markets.

Media Relations:

The nominee’s ability to leverage traditional and digital media to disseminate information, advocate for policy changes, or bring attention to key issues within the capital markets, thereby influencing public discourse.

Policy Advocacy and Influence on Legislation: The nominee’s role in advocating for changes or improvements in policies or regulations that govern the capital markets.

Legislative Contributions:

Direct involvement in shaping or influencing legislation or regulatory frameworks that impact the capital markets. This could include contributions to policy discussions, submissions to legislative bodies, or participation in regulatory committees.

Impact on Regulatory Reforms:

The effectiveness of the nominee's advocacy in bringing about regulatory reforms that have led to a more efficient, transparent, or equitable market. This could include changes that benefit investors, increase market participation, or improve market integrity.

Collaborations with Policy Makers:

The nominee’s ability to work collaboratively with policymakers, regulators, and other stakeholders to advocate for changes that enhance the functioning of the capital markets. This could involve building coalitions, engaging in dialogues, or providing expert advice.

Educational Contributions and Investor Awareness: The nominee’s efforts in promoting investor education and increasing awareness about the capital markets among the general public.

Educational Programs:

Development and implementation of programs designed to educate the public about the capital markets. This could include seminars, workshops, online courses, or educational publications aimed at improving financial literacy.

Outreach to Underserved Communities:

Initiatives aimed at extending knowledge and understanding of the capital markets to underserved or underrepresented communities, ensuring broader participation and inclusivity.

Long-Term Impact on Investor Behaviour:

The measurable impact of the nominee’s educational efforts on investor behaviour, such as increased participation in the capital markets, better-informed investment decisions, or greater public confidence in market mechanisms.

Public Support and Endorsement: The level of support and endorsement the nominee has received from the public, reflecting their credibility, influence, and effectiveness in advocating for capital markets.

Public Voting and Testimonials:

The number of public votes, testimonials, and endorsements the nominee has received as part of the People’s Choice process, indicating widespread support for their advocacy efforts.

Community Leadership:

Recognition of the nominee as a leader within their community or industry, particularly in relation to their work in promoting the capital markets.

Recognition by Peers and Institutions:

Endorsements from peers, industry bodies, or educational institutions that validate the nominee’s contributions to the capital markets.

Best Performing Listed Company of the Year

This award will be nominated by a judging panel. The winner of this award will have demonstrated that it is a responsible, fully accountable, dynamic business with strong growth prospects. The Company of the Year’s growth potential will be excellent. Above all, the winner will be a serious, well-managed business, having attracted public funding to enhance and develop its growth potential to the full. The winner of this award will be a company that has clearly demonstrated that success is not just a short-term phenomenon. The company will undoubtedly be successful in share price terms, but with full realisation that share price is but one method of measurement. Improved, sustainable profitability is a given. The winner will be a professionally managed, conservatively run growth business with a long-term vision and strategy in place together with leadership in terms of environmental, social and governance guidelines. The winner will be cognisant of its stakeholders and supply chain and will have championed diversity and inclusion throughout the workplace. The company’s development to date will have been soundly financed in a way which supports the longevity, sustainability and resilience of the business, including effective succession planning.

This award will be nominated by a judging panel.

NOMINEES:

  • Simbisa Brands Limited
  • Innscor Africa Limited
  • Axia Corporation Limited
  • African Distillers Limited

WINNER: Simbisa Brands Limited

Environmental Social Governance Award

This award will be nominated by a judging panel. The winning company will go beyond ‘box ticking’ and demonstrate the actions it has taken in the year and how these link to the business strategy and purpose. Communication on how the company fulfils its role in cascading the tone from the top throughout the organisation and how it employs social and environmental governance through engagement with wider stakeholders will be critical to success in this award category. Good governance is about building and nurturing a healthy culture, ensuring engagement with investors, customers and the workforce and maintaining key governance virtues such as evaluation, audit and risk, independence, diversity and strong succession planning.

This award will be nominated by a judging panel.

NOMINEES:

  • Simbisa Brands Limited
  • Econet Wireless Zimbabwe Ltd
  • National Tyre Services
  • Delta Corporation Zimbabwe

WINNER: Econet Wireless Zimbabwe Limited

Best M&A Transaction of the Year

This award will be nominated by a judging panel. The winner of this award will be a company that has been transformed by a single financial or commercial transaction during the period under review. This is necessarily a wide-ranging award, given to recognise a significant achievement by a company in transforming itself, literally at a stroke, and thereby creating significant shareholder value. The M&A Awards are committed to commending those who work tirelessly throughout every stage of the merger process to navigate and guarantee the successful completion of transactions through which benefits can be reaped and the course of a business can be changed indefinitely. With the ability to increase market share, reduce labour costs and expand distribution, a good merger deal can create many opportunities for a business seeking to drastically improve its performance in a competitive market.

This award will be nominated by a judging panel.

NOMINEES:

  • Delta Corporation
  • African Sun
  • First Mutual Holdings
  • Zimplow Holdings

WINNER: Delta Corporation Ltd

Best Performing Asset Manager

This award will be nominated by a judging panel. The Asset Management Awards are designed to recognise outstanding achievement in the Zimbabwe institutional and retail asset management spaces. The main objectives of the awards are to honour the outstanding professionals and firms in the many and varied fields of asset management; to recognise, celebrate, and promote best practice; to support continuing development; contribute towards raising the standards of asset management and to provide recognition for those who are providing effective support to the sector.

This award will be nominated by a judging panel.

NOMINEES:

  • Old Mutual Investment Group
  • Zimnat Asset Management Company
  • Smartvest Wealth Managers
  • ABC Asset Management Company

WINNER: Old Mutual Investment Group

Best Equities Fund Manager

This award will be nominated by a judging panel. The award recognises fund managers whose stock picking ability is unparalleled in the period under review, and who also have a demonstrable track record over a longer period. They will have proven their ability to identify new disruptors and also to spot the ‘next big thing’. They will be known for their exceptional analytical skills and understanding of the macro landscape, as well as being capable of taking risks, with proven results. The voting panel will use market standard performance measures in their decision making process.

This award will be nominated by a judging panel.

NOMINEES:

  • Datvest Asset Management Company
  • ABC Asset Management Company
  • Zimnat Asset Management 
  • Old Mutual Investment Group

WINNER: ABC Asset Management

Best Investment Research Provider

This award will be nominated by a judging panel. This award will be presented to the company which has gone above and beyond their role to make a significant contribution to the capital markets sector. The judges will consider areas including: a track record of exceptional performance or service to the industry; dedication and enthusiasm for promoting the investment company sector and increasing investor engagement; as well as creating opportunities for others to succeed in the industry through mentoring, volunteering or educational initiatives.

This award will be nominated by a judging panel.

Nomination Closed

NOMINEES:

  • Akribos Securities 
  • IH Securities 
  • Morgan & Co Pvt.Ltd
  • Imara Capital Zimbabwe

WINNER: Morgan & Co

Best Investor Communication Award

This award will be nominated by a public poll and a judging panel will adjudicate. Good shareholder and investor communications are about more than just a well-produced Annual Report and website, although there is no disputing the importance of these within a company’s IR programme. They are also about maintaining open and clear conversations with all shareholders, effectively communicating bad and unexpected news as well as the good. The winning company will have demonstrated honest, accurate and consistent communication with all levels of shareholders and potential shareholders. Having adapted to life as a public company, the winner will have engaged effectively with new shareholders, promoting the company to professional and private investor audiences using all available channels, including social media.

Nomination Closed

NOMINEES:

  • CBZ Holdings Limited
  • Econet Wireless Zimbabwe Limited
  • Delta Corporation Limited 
  • Simbisa Brands Limited

WINNER: Econet Wireless Zimbabwe

Best Stockbroker of The Year - Individual

This award will be nominated by a public poll and a judging panel will adjudicate. Individuals can nominate themselves or be nominated by colleagues. Judges will consider professional progression and performance but will also take into account factors including: passion for the sector; excellence in their role; improvements to existing processes or products; engagement in industry-wide initiatives; and helping promote the investment company sector more widely.

Main Areas of Focus:

  1. Very good in trades execution
  2. Deep understanding of markets and trends.
  3. Customer service – The customer service scores of each broker are based on meaningful client interactions with their support service which will include live chat, email, SMS or phone.

Nomination Closed

NOMINEES:

  • Davide Muchengi
  • Benson Gasura
  • Langton Nyatsanza
  • Coreen Madanha

WINNER: Davide Muchengi

Best Stockbroker of the Year

This award will be nominated by a public poll and a judging panel will adjudicate. Individuals can nominate themselves or be nominated by colleagues. Judges will consider professional progression and performance but will also take into account factors including: passion for the sector; excellence in their role; improvements to existing processes or products; engagement in industry-wide initiatives; and helping promote the investment company sector more widely.

Main Areas of Focus:

  1. Trades executed in terms of volume
  2. Account opening – We will compile information on several aspects of account opening, like the ease of the process itself, what account types are offered and the minimum deposits required.
  3. Research – Higher costs can be justified by a range of in-depth, unique and useful research reports. These allow you to get information on market sentiments, trends, tickers and companies. We look at all of the research tools the broker provides.
  4. Customer service – The customer service scores of each broker are based on meaningful client interactions with their support service which will include live chat, email, SMS or phone.
  5. Education – Brokers with useful, information-packed education tools earn higher ratings. These tools include newsletters, webinars, videos, podcasts, articles, emails, and SMS. Well-structured and quality educational content can help the client to be more comfortable with the brokers’ platform, or trading itself.

Nomination Closed

NOMINEES:

  • Platinum Securities 
  • FBC Securities
  • Morgan & Co
  • EFE Securities

WINNER: Morgan & Co

Lifetime Achievement Award

This Award recognises and honours individuals who have contributed significantly, and demonstrated outstanding achievements within the markets and exchanges landscape of Zimbabwe’s financial sector.

Nomination Closed

WINNER:

  • Bartholomew Mswaka