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Africa's largest fishing firm Oceana could lose fishing rights in Namibia

By: Reuters     6th June 2018 Africa's largest fishing company Oceana Group faces a battle to hold onto its fishing rights in Namibia after the southern African country said listed firms would no longer be awarded quotas. Bidvest Namibia, which is listed on Namibia's stock exchange, could also lose its local fishing rights... 

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.... 

Bidvest FY17 performance improves, shows resilience, says CEO

By: Natasha Odendaal     28th August 2017 JSE-listed Bidvest improved its financial performance for the year ended June 30, revealing the benefits, particularly within the South African trading operations, of its well-diversified portfolio following its unbundling of Bid Corporation (Bidcorp) - rebranded as Bidfood - last year. As the... 

Bidvest reports increase in trading profits amid challenging conditions

By: Anine Kilian     29th August 2016 JSE-listed Bidvest Group, which unbundled its food-services unit Bidcorp this year, has reported higher earnings before interest, taxes, depreciation and amortisation, which rose 3.9% to R7.3-billion for the year ended June 30, amid a lower net debt, which fell to R5-billion from R7.8-billion. In... 

Bidvest lifts H1 earnings, despite challenging markets; Joffe to step down as group CEO

By: Mia Breytenbach     29th February 2016 Notwithstanding “a backdrop of challenging market conditions, particularly in the Southern African region”, JSE-listed Bidvest’s headline earnings a share rose 13% to R10.02c, while basic earnings a share rose 7.8% to 930.9c for the six months to December 31. Headline earnings rose 14.7% to... 

Bidvest restructures into three operating companies

By: Natalie Greve     7th October 2015 The Bidvest group is streamlining its business structure into three distinct and independent companies, each with its own statutory board of directors comprising senior executive management and independent directors, describing the move as an effort to improve management focus, identify... 

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... 

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... 

Weaker rand opens way for new risks and opportunities, says Joffe

By: Irma Venter     6th September 2013 Trade, distribution and services group Bidvest has reported a 15% jump in revenue, to R153.4-billion, for the financial year ended June 30. Profit for the year was up 6.6%, at R5.05-billion. Bidvest Europe and Bidvest Asia Pacific made the biggest contributions to these positive numbers, on the... 

Bidvest profit breaches R5bn, talks of likely inflation spike in SA

By: Irma Venter     26th August 2013 Trade, distribution and services group Bidvest on Monday reported a 15% jump in revenue, to R153.4-billion, for the financial year ended June 30. Profit for the year was up 6.6%, at R5.05-billion. Bidvest Europe and Bidvest Asia Pacific made the biggest contributions to these positive numbers, on... 

Construction exposure to pay off once infrastructure spend gets going - Joffe

By: Irma Venter     16th March 2012 The Bidvest Group saw revenue for the six months ended December 31 increase by 15.1%, to R67.3-billion, compared with the same period in the previous financial year. Trading profit jumped 14.9% to R3.2-billion, while margins were maintained at 4.8%.  

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