The Bidvest Group

Media Releases

  • 2017
  • 2016
  • 2015
  • 2014
  • 2013
  • 2012
  • Archive


Thursday 17 Aug 2017
17 August 2017

Bidvest Bank has acquired a majority stake in the Fulcrum Group (Fulcrum). The acquisition of Fulcrum is another milestone for Bidvest Bank as it pursues its diversification strategy to service broader markets.

Friday 11 Aug 2017
11 August 2017

The acquisition of the South African subsidiary of First Data Corporation, a global payment company, gave Bidvest Bank exclusive rights to acquiring technology it was using to provide merchant banking services to clients, said Bidvest Bank MD Japie van Niekerk.

Monday 31 Jul 2017
31 July 2017

Bidvest is pleased to announce that it has entered into an agreement to acquire 100% of Noonan from Alchemy Partners as well as Noonan’s current management team (“the Acquisition”).

Tuesday 11 Jul 2017
11 July 2017

Matus hammered it into 2017 with its Diamond Jubilee celebrations. Back in 1942 brothers Lukie and Sam Matus started a hardware and tool business. Little did they know that 75 years later Matus would be the number one trusted tool and hardware partner in the industry.

Tuesday 11 Jul 2017
11 July 2017

After about a year in development Bidvest Car Rental has introduced South Africa’s first keyless car rental fleet with the launch of their app, Snappdrive.

Wednesday 14 Jun 2017
14 June 2017

Following Moody's Investors Service (“Moody’s” or “the agency”) rating action on the South African sovereign on Friday, June 9 2017, the agency yesterday downgraded Bidvest’s credit rating as it is constrained by the sovereign rating.

Monday 27 Feb 2017
27 February 2017

Bidvest is a leading trading, distribution and services group, operating through seven divisions: Services, Freight, Automotive, Office and Print, Commercial Products, Financial Services and Electrical. The Group owns 52% of Bidvest Namibia and a significant Bidvest occupied property portfolio. Bidvest continues to hold investments in Adcock Ingram (38,4%), Comair (27,2%), Cullinan Holdings (19,5%) and Mumbai Airport (6,75%), as well as other listed and unlisted investments.



Monday 29 Aug 2016
29 August 2016

Bidvest successfully unbundled its food service operations and separately listed Bid Corporation Limited (Bidcorp) on the JSE Limited on 30 May 2016.

Friday 26 Feb 2016
26 February 2016

In the half year to December 31, 2015, Bidvest achieved 13% growth in headline earnings per share (HEPS) to 1 001,5 cents despite challenging trading conditions, particularly in Southern Africa.



Wednesday 07 Oct 2015
07 October 2015

The Bidvest Group has announced that it will restructure its business operations into three distinct and independent companies, each with its own statutory board of directors comprising senior executive management and independent directors.

Friday 24 Apr 2015
24 April 2015

Shareholders are referred to the Stock Exchange News Service (“SENS”) announcement released by Bidvest on Thursday, March 19 2015 notifying Adcock shareholders of the posting by Bidvest of an offer circular containing, inter alia, details of the Offer and the important dates and times in relation thereto.

Sunday 01 Feb 2015
01 February 2015

Bidvest benefited from an excellent Foodservice contribution in the six months to December 31, 2014, helping to lift headline earnings per share by 5,2% to 886,3 cents.



Monday 01 Sep 2014
01 September 2014

Bidvest CE Brian Joffe today (Monday Sept 1) reported satisfactory trading results for the year to June 30. He said last quarter trading conditions in South Africa became increasingly disruptive, compounded by prolonged labour unrest and declining consumer demand.

Thursday 27 Feb 2014
27 February 2014

BIDVEST'S half-year results to December 31, 2013 were buoyed by good organic growth resulting in a 16,2% rise in headline earnings per share (HEPS) to 842,3 cents.



Monday 02 Dec 2013
02 December 2013

Bidvest and CIH have formed a Consortium ("the Consortium") and announced a cash offer to acquire up to 34.5% of the issued ordinary shares in Adcock (excluding treasury shares).

Monday 13 May 2013
13 May 2013

The Bidvest Group Limited (Bidvest) and Mvelaserve Limited (Mvelaserve) have jointly announced that Bidvest will make an offer to Mvelaserve shareholders to acquire those shares Bidvest do not currently own.



Saturday 30 Jun 2012
30 June 2012

BIDVEST, the listed services, trading and distribution group, is to invest R18 million into a UCT-pioneered heart valve concept with the potential to save countless African lives every year.

Saturday 30 Jun 2012
30 June 2012

Bidvest posts a 27,4% rise in headline earnings per share for the year to the end of June 2012. Pleasing trading results were supplemented by a R399,1 million profit on partial disposal of Bidvest's stake in Mumbai International Airport Private Limited (MIAL)

Monday 27 Feb 2012
27 February 2012
Bidvest's half-year results to December 31, 2011, showed a 37,5% increase in headline earnings per share (HEPS) to 742,3 cents. On a normalised basis, HEPS were up 13,6% to 613,4 cents. Download