PPC was announced as the overall winner of the Nkonki Top 100 Integrated Reporting Awards.

Integrated reporting is the newest trend of changes to company reporting standards and the need to apply integrated reporting in South Africa was clearly recognised in King 3. All South African companies listed on the Johannesburg Stock Exchange had to either adopt the reporting guidelines or explain why they could not, as outlined on other King reporting guidelines.

The recognition is given to companies whose reporting for the previous year are impeccable. “Each year we’ve seen improvements in reports from public-listed and state-owned companies. And as a firm we feel good about the contribution the awards make, through showcasing SA best practice towards improving reporting standards”, said Nkonki CEO Sindi Zilwa.

In the first awards conducted in 2010, the evaluated companies included the top 40 listed companies plus the top Socially Responsible Investment (SRI) firms, amounting to 42. None of the reports assessed scored an “A” rating. By comparison, the 2013 awards took the top 100 listed company reports plus those on the SRI and 11 companies attained scores of 80 and over. These companies achieved an “A” rating.

“This is a wonderful achievement and serves as proof that our combined efforts have culminated in a report we can be proud of,” said Azola Lowan, PPC Executive: Strategy and Investor Relations.