Bidvest Bank headquarters inSandton | |
| Company type | Public company |
|---|---|
| JSE:BVT | |
| Industry | Conglomerate |
| Founder | Brian Joffe |
| Headquarters | , |
Area served | Africa |
Key people | Bonang Francis Mohale (Independent non-executive Chairman),Nompumelelo (Mpumi) Thembekile Madisa (Group CEO) |
| Services | Services, Trading, Distribution[1] |
| Revenue | |
| Total assets | |
| Total equity | |
| Website | www |
Bidvest Group is a South African services, trading, and distribution company that owns a diverse set of businesses.
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]