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Bidvest Group

From Wikipedia, the free encyclopedia
South African holding company

Bidvest Group Limited
Bidvest Bank headquarters inSandton
Company typePublic company
JSE:BVT
IndustryConglomerate
FounderBrian Joffe
Headquarters,
Area served
Africa
Key people
Bonang Francis Mohale (Independent non-executive Chairman),Nompumelelo (Mpumi) Thembekile Madisa (Group CEO)
ServicesServices, Trading, Distribution[1]
RevenueIncreaseR 126.61 billion[2] (2025)
DecreaseR 10.73 billion[2] (2025)
DecreaseR 6.44 billion[2] (2025)
Total assetsIncreaseR 124.59 billion[2] (2025)
Total equityIncreaseR 41.41 billion[2] (2025)
Websitewww.bidvest.com

Bidvest Group is a South African services, trading, and distribution company that owns a diverse set of businesses.

History

[edit]

Bidvest was founded in 1988 by Brian Joffe and listed on theJohannesburg Stock Exchange in 1990.[3] The Bidvest Group Limited has a corporate office inJohannesburg, South Africa. As of 2017[update], it employed approximately 132,870 people.[4]

The Bidvest Group Limited board comprises eleven members. In March 2019 Bidvest named Executive DirectorMpumi Madisa as CEO-designate.[5] After the retirement of Lindsay Ralphs on 30 September 2020,Mpumi Madisa assumed the role of Bidvest CEO.[6]

A plan first developed in 2012 and coming to fruition in 2016 saw the conglomerate unbundle its businesses. It split into a number of different businesses and sold off some others. One of the biggest was the separating of the Bidvest Food Services into a new listed company named Bidcorp that would focus on the food production and distribution businesses.[7][8][9]

In December 2024, Bidvest Group sold its subsidiaryBidvest Bank to a Nigerian banking group's local South African subsidiaryAccess Bank South Africa for R2.8billion.[10][11]

See also

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References

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  1. ^"The Bidvest Group Ltd - Stock price". Reuters. 2014. Archived fromthe original on 7 April 2014.
  2. ^abcde"Bidvest Group AFS"(PDF). Retrieved25 December 2025.
  3. ^"Bidvest corporate website". Bidvest. 2016.
  4. ^"Boost for Bidvest as Bid Corp lists on JSE".Fin24. 30 May 2017. Retrieved20 September 2017.
  5. ^"Mpumi Madisa officially appointed as Bidvest's first female CEO".The South African. 8 March 2019. Retrieved18 March 2019.
  6. ^"Mpumi Madisa to become Bidvest CEO from 1 October 2020".CFO South Africa. CFO South Africa. 14 September 2020. Retrieved21 April 2022.
  7. ^"Bulky Bidvest not appealing to all". Mail & Guardian. 3 February 2012.
  8. ^"Bidvest grows profits in tough market conditions". Independent Online and Affiliated. 29 August 2026.
  9. ^"Bidvest to unbundle into three separately listed companies; shares up 2%". Biz News. 8 February 2016.
  10. ^"Access Bank seals deal to buy South Africa's Bidvest Bank". 13 December 2024.
  11. ^"Access Bank Expands Footprint With Bidvest Bank Acquisition". News Central. 13 December 2024.
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