Awards recognise top KZN businesses

2013-07-12 00:00

FIRST National Bank’s seventh Top Business Portfolio Awards, which were made to a range of companies this week, included for the first time an award for a clean audit by a municipality, which was won by Umtshezi Municipality.

The financial management of the province’s municipalities is not good.

According to the auditor-general, only 45 of 61 municipalities received an unqualified audit report in the 2011/2012 financial year, while seven municipal audits even carried disclaimers.

The awards recognise companies and organisations that contribute to the KwaZulu-Natal economy, a spokesperson for First National Bank said yesterday. The awards have become a highlight of the province’s business calendar.

Among the 14 winners were Tongaat Hulett for agriculture, Corobrik for mining and quarrying, PFK Electronics for manufacturing, Mr Price for trade, SmartXchange for financial and business services, Gold Circle for recreation, education and social services, Suncoast Casino Hotels and Entertainment for tourism and the KwaZulu-Natal Provincial Planning Commission for promoting socioeconomic growth.

“We believe through this form of recognition to businesses that are setting high standards, we can motivate other business owners to strive for excellence in the future,” First National Bank provincial head Preggie Pillay said in a statement.

The judging criteria included the organisation’s contribution to the province’s economy, compliance with the 2009 King Report on Corporate Governance, brand and reputation, stakeholder relations, goodwill and social responsibility.


Join the conversation! encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions. publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
Comments have been closed for this article.

Inside News24

Traffic Alerts
There are new stories on the homepage. Click here to see them.


Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.

Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire network.


Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.

Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.