R/€ = 15.60 Change: 0.08
R/$ = 13.70 Change: 0.04
Au 1288.37 $/oz Change: -0.94
Pt 797.39 $/oz Change: -5.96


Bidvest lifts FY18 HEPS despite volatile market

By: Simone Liedtke     3rd September 2018 JSE-listed services, trading and distribution company Bidvest on Monday declared a final dividend of 301c a share, bringing the total dividend for the financial year ended June 30 to 556c, amid a volatile market, which the company said was characterised by weak economic growth and consumer spend,... 

Bidvest appoints new CFO, H1 headline earnings increase 13.4% y/y

By: Simone Liedtke     26th February 2018 Despite continued economic headwinds, South African services, trading and distribution company Bidvest achieved a 13.4% year-on-year increase in headline earnings for the six months ended December 31, to R1.9-billion, while headline earnings a share increased by 12.5% year-on-year to 574c.... 

Rand hits historic low of R13.98 against dollar

By: RDM News Wire      7th September 2015 The rand on Monday touched its weakest level to date against the dollar‚ at R13.9804‚ as possible interest rate hikes in the US and Chinese market uncertainty weighed on the local currency. Bidvest Bank said in a note that rand weakness had “accelerated at a remarkable pace” over the past two to... 

enX Group announces a proposed R211m equity capital raising and BBBEE transaction as prelude to expansion drive

16th March 2015 Publicly traded industrial energy company enX Group has announced details of an intended R211m equity capital raise and Broad Based Black Economic Empowerment transaction. The transaction, once concluded, will significantly strengthen its financial and liquidity position and empowerment... 

Food division drives H1 profit gain for Bidvest

By: Natalie Greve     2nd March 2015 International investment holding company Bidvest has lifted headline earnings a share by 5.2% to 886.3c for the six months ended December 31, helped by an “excellent” contribution from the group’s Foodservice business and positive currency effects. Bidvest CEO Brian Joffe told investors on Monday... 

Grindrod Bank, Bidvest acquisition discussions aborted in light of negative SASSA publicity

By: Leandi Kolver     16th October 2014 JSE-listed companies Bidvest and Grindrod have failed to reach an agreement on the proposed acquisition of Grindrod Financial Holdings, or Grindrod Bank, by Bidvest Bank, a Bidvest and GFS Holdings company, and discussions have been discontinued, Grindrod announced on Thursday. The company stated... 

Business Travellers recognise Tsogo Sun as the Best Hotel Group

1st October 2014 Tsogo Sun received the coveted ‘Best Hotel Group’ title at the annual Business Traveller Awards, for the second year running! Once again, the business travel community recognised Tsogo Sun as their preferred travel partner. Future Group, the publishers of Business Traveller Africa magazine, in... 

Bidvest moves to list food division on London bourse following ‘satisfactory’ year

By: Natalie Greve     1st September 2014 Appraising a financial year characterised by an “increasingly disruptive” strike-hit fourth quarter, service, trading and distribution company Bidvest CEO Brian Joffe has described the company’s overall results as “satisfactory”, buoyed somewhat by a strong showing from the Bidvest Foodservice... 

Bidvest, Grindrod sign MoU for Grindrod Bank acquisition

By: Leandi Kolver     2nd July 2014 JSE-listed companies Bidvest and Grindrod have entered into a memorandum of understanding which sets out the key terms under which Bidvest and GFS Holdings company Bidvest Bank will acquire Grindrod Financial Holdings, also known as Grindrod Bank. The acquisition of Grindrod Bank will add scale... 

Former DBSA CEO joins Basil Read board

By: Megan van Wyngaardt     6th November 2012 JSE-listed construction group Basil Read has appointed former Development Bank of Southern Africa CEO Paul Baloyi as nonexecutive director to its board, effective November 2. Baloyi has more than 26 years of banking experience, the company said, adding that his appointment was a strategic step... 


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