Bidvest Group is a South African services, trading, and distribution company that owns a diverse set of businesses.
History
Bidvest was founded in 1988 by Brian Joffe and listed on the
Johannesburg Stock Exchange
JSE Limited (previously the JSE Securities Exchange and the Johannesburg Stock Exchange) is the largest stock exchange in Africa. It is located in Sandton, Johannesburg, South Africa, after it moved from downtown Johannesburg in 2000. In 2003 ...
in 1990.
The Bidvest Group Limited has a corporate office in
Johannesburg
Johannesburg ( , , ; Zulu language, Zulu and Xhosa language, Xhosa: eGoli ) (colloquially known as Jozi, Joburg, Jo'burg or "The City of Gold") is the most populous city in South Africa. With 5,538,596 people in the City of Johannesburg alon ...
, South Africa. , it employed approximately 132,870 people.
The Bidvest Group Limited board comprises eleven members. In March 2019 Bidvest named Executive Director
Mpumi Madisa as CEO-designate. After the retirement of Lindsay Ralphs on 30 September 2020,
Mpumi Madisa assumed the role of Bidvest CEO.
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.
In December 2024, Bidvest Group sold its subsidiary
Bidvest Bank to a Nigerian banking group's local South African subsidiary
Access Bank South Africa for R2.8billion.
See also
*
Bidvest Insurance
*
Bidvest Bank
*
Steinhoff International
Steinhoff International was a multinational corporation, multinational holding company that was dual listed in Germany and South Africa. It was officially delisted in October 2023. Its holdings were in the retail sector, primarily in furnitur ...
*
Woolworths Holdings Limited
Woolworths (officially Woolworths Holdings Limited, and commonly referred to as Woolies) is a South African multinational retail company, headquartered in Cape Town. The company owns the South African luxury department and grocery store chain ...
References
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Companies based in Johannesburg
Bidvest companies
Companies listed on the Johannesburg Stock Exchange
South African companies established in 1988
Companies in the FTSE/JSE Top 40 Index