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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
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ABET Adult basic education and training
ACSA Airports Company South Africa
ART Anti-retroviral treatment for those suffering from or exposed to HIV/Aids
ASATA Association of South African Travel Agents
ATM Automatic teller machine
BBBEE broad-based black economic empowerment
BEE black economic empowerment
BFFF British Frozen Foods Federation
CSI Corporate social investment
Cfl Client for life
CPI Consumer price index
CPIX Consumer price index excluding mortgage repayments
DSM Demand side management
dti South Africa ’s Department of Trade and Industry
EFMA European Forms Manufacturing Association
EMS Environmental management system
EOWA Equal opportunity for women in the workplace act
Eskom South African national electricity supply company
FWD Federation of Wholesale Distributors
GDP Gross domestic product
GRI Global Reporting Initiative
HACCP Hazard analysis critical control point
HDI Historically disadvantaged individual
IAS Investment Analysts’ Society
IFRS International Financial Reporting Standards
IIP Investors in people
Industry charter(s) Voluntary, wide commitments to black economic empowerment goals
ISO International Organisation for Standardisation quality management and quality assurance series of standards (9000) and environmental management series of standards (14001)
JSE JSE, South Africa
JIA Johannesburg International Airport
KZN KwaZulu-Natal
LGV Large goods vehicle
NER National electricity regulator
NOSA National Occupational Safety Association
NPA National Ports Authority
NPI National Productivity Institute
OEM Original equipment manufacturer
OFSCI Optimum Foodservice Supply Chain Initiative
OHS Occupational Health and Safety Act (No. 85 of 1993), South Africa
PPP Public-private partnership
QMS quality management system
QSR Quick-service restaurant
SAA South African Airways
SABS South African Bureau of Standards
SARB South African Reserve Bank
SANTACO South African Taxi Council
SETA Sectoral education and training authorities
STC Secondary taxation on companies
Telkom South African national telephone and telecommunications company
the Codes Codes of good practice for broad-based black economic empowerment as published by the Department of Trade and Industry South Africa
VCT Voluntary counselling and testing (HIV/Aids-related)
This is Bidvest – creating value and
building strength from diversity.
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