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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
Directorate►
Chairman's statement
Chief executive's report
Financial director's report
Review of operations►
Summarised sustainability report
Corporate governance
Financial statements
Shareholders
Management directory
Shareholders' diary
Administration
Glossary
 
External appraisals
 
 
 
 
 
 
Empowerment rating
Bidvest, a level four and a good broad-based BEE contributor, with unrestricted operational capacity, has an “A” empowerment rating from Empowerdex.
 
Fitch Ratings
Fitch Ratings affirmed Bidvest’s credit rating as an AA- (zaf). AA- (zaf) ratings denote a very strong credit risk relative to other issuers in the same country.
 
Revenue ranking
Bidvest was ranked eighth of JSE-listed companies and fourth of JSE-listed South African companies, by revenue.
 
Dow Jones Sustainability World Index
Bidvest is one of only four South African companies listed in the Dow Jones Sustainability World Index 2007, a grouping of global organisations that meets stringent criteria for strategic strength, innovation, financial performance and stakeholder relations.
 
JSE Social Responsibility Investment Index
Based on an assessment of the Group’s policies, performance and reporting on economic, social and environmental sustainability, the JSE has reaffirmed Bidvest as a founding constituent of the SRI Index.
 
Forbes Global 2000 – the world’s leading companies
Forbes Global 2000 is a comprehensive list of the world’s largest and most influential companies, as measured in US dollars by a composite ranking for sales, profits, assets and market value. Bidvest is ranked 1 114th (2005: 1 162nd).
 
FTSE/JSE Africa Index Series ranking
In the June 2006 FTSE/JSE Africa Index Series quarterly review, Bidvest was ranked 24th in both the FTSE/JSE All Share Index and Top 40, 7th in the FTSE/JSE Industrial 25, with a market capitalisation of R32,1 billion, a 100% free float and the JSE’s highest liquidity rating.
 
Morgan Stanley International Emerging Market Index
Bidvest is considered to have a 100% free float for the MSIEM Index in which it is included.
 
Bidvest as an employer of choice
Bidvest has been nominated by a panel of experts as one of the top 10 companies to work for in South Africa in research undertaken by the Corporate Research Foundation.
 
Company confidence predictor
In the June 2006 Campbell Belman company confidence predictor, the influential twice-yearly survey of investment analysts, Bidvest was rated highest among industrial companies for its “company basics” and was particularly strong in “makes effective use of capital”, “shows good judgement in acquisitions or joint ventures” and “maintains a reassuring balance between risk and return”. In “future potential” Bidvest was the leading company for being “alert to new ideas to improve its profitability”, in “people” as having “an effective chief executive” and in “communications” for “chief executive is a straight talker”. In “ethics” Bidvest shared the lead in “lives up to promises – company results match expectations” and “believes in full disclosure – is transparent” and was rated second in being “reputable, honest and trustworthy”. Overall Bidvest was rated third on the “total” industrials across all 28 characteristics used in the evaluation. Of note was that for its “company basics” Bidvest was also rated highest among the top companies, from all sectors, in market capitalisation.
 
Investment communication award
Bidvest is not only recognised as an achiever in creating value for investors, but also for general reporting and investment communication. In June 2006, Bidvest received an award, for the second year in a row, from the Investment Analysts’ Society for the best reporting and communication in the JSE industrial services sector.
 
Most admired company
In Finweek/Afrika‘s most admired company and CEO peer review survey, Bidvest was ranked fourth and Brian Joffe second, respectively.
 
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