Bidvest Group
Bidvest Bank headquarters in Sandton | |
| 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 | R 126.61 billion[2] (2025) |
| R 10.73 billion[2] (2025) | |
| R 6.44 billion[2] (2025) | |
| Total assets | R 124.59 billion[2] (2025) |
| Total equity | R 41.41 billion[2] (2025) |
| Website | www |
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 in 1990.[3] The Bidvest Group Limited has a corporate office in Johannesburg, South Africa. As of 2017, it employed approximately 132,870 people.[4]
The Bidvest Group Limited board comprises eleven members. In March 2019 Bidvest named Executive Director Mpumi 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 subsidiary Bidvest Bank to a Nigerian banking group's local South African subsidiary Access Bank South Africa for R2.8billion.[10][11]
See also
References
- ^ "The Bidvest Group Ltd - Stock price". Reuters. 2014. Archived from the original on 7 April 2014.
- ^ a b c d e "Bidvest Group AFS" (PDF). Retrieved 25 December 2025.
- ^ "Bidvest corporate website". Bidvest. 2016.
- ^ "Boost for Bidvest as Bid Corp lists on JSE". Fin24. 30 May 2017. Retrieved 20 September 2017.
- ^ "Mpumi Madisa officially appointed as Bidvest's first female CEO". The South African. 8 March 2019. Retrieved 18 March 2019.
- ^ "Mpumi Madisa to become Bidvest CEO from 1 October 2020". CFO South Africa. CFO South Africa. 14 September 2020. Retrieved 21 April 2022.
- ^ "Bulky Bidvest not appealing to all". Mail & Guardian. 3 February 2012.
- ^ "Bidvest grows profits in tough market conditions". Independent Online and Affiliated. 29 August 2026.
- ^ "Bidvest to unbundle into three separately listed companies; shares up 2%". Biz News. 8 February 2016.
- ^ "Access Bank seals deal to buy South Africa's Bidvest Bank". 13 December 2024.
- ^ "Access Bank Expands Footprint With Bidvest Bank Acquisition". News Central. 13 December 2024.