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The Bidvest Group Limited
Annual report 2006
Financial highlights and results
The history of Bidvest
Our Group in brief
Consolidated segmental analysis
Performance at a glance
Geographical footprint
External appraisals
Chairman's statement
Chief executive's report
Financial director's report
Review of operations
Summarised sustainability report
Corporate governance
Financial statements
Management directory
Shareholders' diary
Executive directors | Independent non-executive directors | Non-executive directors | Committees
Independent non-executive directors
Douglas Denoon Balharrie Band (62)
Appointed: October 27 2003
Non-executive director of The Standard Bank Group Limited, Electronic Media Network Limited, Supersport International Holdings Limited, MIH Holdings Limited, Tiger Brands Limited and MTN Group Limited
Doug has extensive experience in both commerce and industry and has served in an executive position in various blue-chip listed companies.
Stephen Koseff (55)
Appointed: June 17 1997
Chief executive officer of Investec Limited and Investec plc
Stephen has thirty years of financial experience and is the recipient of numerous business awards. He is a former member of the Financial Markets Advisory Board and former chairman of the Independent Banks’ Association. His directorships include the JSE Limited and Rensburg Sheppards plc.
Prof Gill Marcus (56)
BCom (Unisa)
Appointed: June 1 2005
Professor: Chair of Policy, Leadership and Gender Studies at the Gordon Institute of Business Science, Executive chairperson of Western Areas Limited and a director of the International Marketing Council and the advisory board of the Auditor General. Patron of the Pretoria Sungardens Hospice
Gill was the former deputy minister of finance and former deputy governor of the South African Reserve Bank.
Donald Masson (75)
Appointed: March 10 1992
Director of numerous Bidvest subsidiaries, Cashbuild Limited, Pamodzi Financial Services Limited, Valley Irrigation Limited, Faritec Holdings Limited. Trustee of Investment Solutions, Cashbuild Pension Fund and former chairman of the South African Post Office Pension Fund
Donald is the former president of the Afrikaanse Handelsinstituut and a former member of the President’s Economic Advisory Council. He has forty years of diverse business experience in senior executive positions at numerous listed, unlisted and parastatal organisations.
Joseph Leon Pamensky (76)
Appointed: January 8 1990
Director of Enviroserv Holdings Limited, Schindler Lifts (SA) (Pty) Limited, Stonehage Financial Services Holdings (Jersey) Limited and Worldwide African Investment Holdings (Pty) Limited. Chairman of Rennies Bank Limited and Terra Nova Financial Services (Pty) Limited
Joe is the longest serving non-executive director of Bidvest with over forty years’ experience in the financial, insurance and banking industries and the recipient of a number of business and public awards. He serves as non-executive director on the boards of public and private companies, both locally and internationally, and is a member of several audit and remuneration committees. Originally a director of Bid Corporation Limited.
Nigel George Payne (46)
BCom (Hons), CA(SA), MBL
Appointed: June 28 2006
Director of the JSE Limited
Nigel is a leading authority on corporate governance, risk management and internal audit and was the convenor of the risk management and internal audit task team at the King ll report.
Adv Faith Dikeledi Pansy Tlakula (49)
LLM (Harvard)
Appointed: June 28 2006
Chief electoral officer of The Independent Electoral Commission. Director of Lehotsa Holdings (Pty) Limited, MMRT (Pty) Limited and Khomanani Women’s Investment (Pty) Limited
Pansy was previously a member of the Human Rights Commission.
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