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27 June 2003 SA's Top 20 Companies 14 CHEMSERVE Total score: 51,9 Historic score: 20 FM's score: 73 When AECI spun out its speciality business, Chemical Services, 35 years ago, it couldn't have expected to be in its shadow one day. Chemserve scores on great performance, strong management and a good environmental record in a messy business. The main risk is that 71% shareholder AECI may decide it wants it all back and buy out minorities.

SA's TOP 20 COMPANIES Impala Platinum Sasol Pick 'n Pay Abil Anglo Platinum MTN Group Harmony gold Sappi Energy Africa Mr Price Reunert Delta Electrical Afrox Health Chemserve BHP Billiton Trans Hex Ceramic Industries Oceana Altech ABI

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