The Financial Mail has been associated with the Top Analyst survey since 1975. The research, which is conducted by Intellidex, is estimated to cover 90% of the institutional market.

This is through confidential questionnaires completed by domestic institutional clients of South African stockbroker firms.

"It's been a remarkably challenging period for analysts, but the market turbulence this year due to CoOVID-19 underscores, more than ever, just how vital their expertise is," says Financial Mail editor Rob Rose.

For the fifth consecutive year, Standard Bank SBG Securities was awarded as the Overall Top Firm. For the third straight year, RMB Morgan Stanley maintained its ranking as the Top firm — Execution: Equities Dealing, while again claiming the top spot in the Corporate Access, Administration and Sales Team categories.

Nedgroup Securities reclaimed the number one ranking as Top firm — Execution: Fixed Interest Securities, an award it also received in 2018. Legae Peresec continued for the third consecutive year as the Top firm — Execution: Derivatives.

Absa Capital's Khayelihle Mthembu was announced as the Young Analyst of the Year: Equities, while Reezwana Sumad from Nedgroup Securities won the Young Analyst of the Year: Non-equities. In the Small Black Broker rankings, Noah Capital Markets came out on top. 

A report on the 2020 research findings will be published in the Financial Mail on Thursday, 30 July.

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