Bidvest Group
Bidvest Bank headquarters in Sandton | |
| Type | Public company |
|---|---|
| JSE: BVT | |
| ISIN | ZAE000117321 |
| Industry | Diversified investments |
| Founder | Brian Joffe |
| Headquarters | Johannesburg, Gauteng, South Africa |
Area served | Africa |
| Key people | Bonang Francis Mohale (Chairman) Mpumi Madisa (CEO) |
| Services | Services, Trading, Distribution[1] |
| Revenue | |
| Total assets | |
| Total equity | |
| Website | bidvest |
Bidvest Group is a South African multinational services, trading, and distribution company. Founded in 1988 and listed on the JSE, Bidvest is headquartered in Johannesburg, Gauteng. The group operates over 250 businesses across South Africa, Australia, Singapore, Spain, Ireland, and the United Kingdom.[3]
History
[edit]Bidvest was founded in 1988 by Brian Joffe, and listed on the JSE Limited in 1990.[4] The Bidvest Group Limited has a corporate office in Johannesburg, South Africa.
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.[5][6][7]
In 2017, Bidvest Group employed over 132,000 people.[8]
In December 2024, Bidvest Group sold subsidiary Bidvest Bank to Access Bank South Africa, a local subsidiary of Nigerian banking group Access Bank. The deal had a total value of R2.8 billion.[9][10]
Operations
[edit]Bidvest operates through two principal segments – business services and trading and distribution. These encompass businesses involved in outsourced services; freight management; industrial and consumer products; office products; and automotive retailing, among others. Bidvest's portfolio includes six principal divisions; Services South Africa, Services International, Freight, Branded Products, Commercial Products, and Automotive.[11]
Subsidiaries
[edit]As of 2026, major companies that form part of Bidvest Group include:
| Company | Sector | HQ | Established | Acquired | Ref |
|---|---|---|---|---|---|
| Adcock Ingram | Pharmaceuticals | Midrand, Gauteng | 1891 | 2021 | [12][13] |
| Bidvest International Logistics | Logistics | Johannesburg, Gauteng | 1910 | – | [14] |
| Bidvest McCarthy | Automotive | Johannesburg, Gauteng | 1894 | 2004 | [15][16] |
| Bidvest Protea Coin | Security | Centurion, Gauteng | 2013 | 2013 | [17] |
| Bidvest Tank Terminals | Bulk storage | Durban, KwaZulu-Natal | 1953 | 1999 | [18][19] |
| Plumblink | Plumbing products | Sandton, Gauteng | 1989 | 2015 | [20][21] |
| Rennies Travel | Travel services | Johannesburg, Gauteng | 1954 | 1998 | [22][23] |
| Voltex | Electrical products | Johannesburg, Gauteng | 1964 | 2002 | [24][25] |
| Waltons | Office products | Johannesburg, Gauteng | 1948 | 1997 | [26][27] |
| Bidvest Noonan | Facilities management | Dublin, Ireland | 1977 | 2018 | [28] |
| PHS Group | Hygiene services | Manchester, England | 1963 | 2020 | [29] |
| Bidvest Facilities Management | Facilities management | Johannesburg, Gauteng | 2009 | – | [30] |
| Bidvest Afcom | Packaging and fastening | Johannesburg, Gauteng | 1989 | 1989 | [31][32] |
References
[edit]- ↑ "The Bidvest Group Ltd - Stock price". Reuters. 2014. Archived from the original on 7 April 2014.
- 1 2 3 4 5 "Bidvest Group AFS" (PDF). Retrieved 25 December 2025.
- ↑ "Overview". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "Bidvest corporate website". Bidvest. 2016.
- ↑ "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.
- ↑ "Boost for Bidvest as Bid Corp lists on JSE". Fin24. 30 May 2017. Retrieved 20 September 2017.
- ↑ "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.
- ↑ "Divisions". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "Company profile". Adcock Ingram. Retrieved 28 September 2026.
- ↑ "Bidvest now in control of Adcock Ingram as stake increases to 50.1%". IOL. 7 August 2021. Retrieved 28 September 2026.
- ↑ "About Us". Bidvest International Logistics. Retrieved 28 September 2026.
- ↑ "Products and Services 2026" (PDF). The Bidvest Group. Retrieved 28 September 2026.
- ↑ "History". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "About Us". Bidvest Protea Coin. Retrieved 28 September 2026.
- ↑ "Bidvest Tank Terminals". Bidvest Tank Terminals. Retrieved 28 September 2026.
- ↑ "Divisional overviews – Freight". The Bidvest Group. 2018. Retrieved 28 September 2026.
- ↑ "PAIA Manual". Plumblink. Retrieved 28 September 2026.
- ↑ "Annual Results 2015" (PDF). The Bidvest Group. 2015. Retrieved 28 September 2026.
- ↑ "Who we are". Rennies BCD Travel South Africa. Retrieved 28 September 2026.
- ↑ "Annual Integrated Report 2013". The Bidvest Group. 2013. Retrieved 28 September 2026.
- ↑ "History". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "Interest in subsidiaries". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "Profile & Contents" (PDF). The Bidvest Group. 2003. Retrieved 28 September 2026.
- ↑ "Divisions". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "History". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "SENS Releases". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "Divisions". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "Bidvest Commercial Products". The Bidvest Group. Retrieved 28 September 2026.
- ↑ "History". The Bidvest Group. Retrieved 28 September 2026.