Empowerment rating 2007
Bidvest, a level five contributor, with an unconstrained operational capacity, has a “BBB” empowerment rating from Empowerdex.
Top empowerment companies 2007 survey
Bidvest was ranked 16th in the Financial Mail/Empowerdex “Top Empowerment Companies 2007” survey, which included the top 200 listed companies in South Africa.
Fitch Ratings
The ratings agency affirmed Bidvest’s national long-term rating at AA- (zaf) and short-term rating at F1 (zaf).
AA- (zaf) ratings denote a very strong credit risk relative to other issuers in the same country.
Dow Jones Sustainability World Index 2007
Bidvest is one of only three 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 2 000 largest public companies
Forbes Global 2000 is a list of the world’s largest and most influential companies in terms of US dollars based on a composite ranking which includes sales, market value, assets and profits. Bidvest is currently ranked at 1 162nd.
FTSE/JSE Africa Index Series ranking
In the June 2008 FTSE/JSE Africa Index Series quarterly review, Bidvest was ranked 27th in both the FTSE/JSE All Share Index and Top 40, 8th in the FTSE/JSE Industrial 25, with a market capitalisation of R32,6 billion and the JSE’s highest liquidity rating.
Morgan Stanley International Emerging Market Index 2008
Bidvest is considered to have an 80% free float for the MSCI SA Index, and a weighting of 1,6%.
Bidvest as an employer of choice 2007
Bidvest has been recognised 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
Bidvest performance is commendable, rating top in total (across all 28 characteristics used in the evaluation) within the Industrial Sector. In “Company Basics” which has been particularly affected by market conditions Bidvest has rated well in “making effective use of capital”, “showing good judgement in acquisitions and joint ventures” and “having a strong cash flow”. In “People” it is “a well-managed company” and “has an effective chief executive”. As for “Ethics” it “lives up to its promises – company results match expectations” and “believes in full disclosure”. When it comes to “Communications” Bidvest is the top Industrial in “the chief executive is a straight talker” and has made considerable gains to be rated 2nd in “chief executive and senior management are readily accessible”. It also does well in respect of ”investor relations presentations are always enlightening”. A strength in “Future prospects” is that the company is “alert to new ideas to improve its profitability”.
Community Growth Funds SRI awards 2007
Bidvest is one of only 11 winners of the inaugural Unity Awards backed by major trade unions, recognising Bidvest’s credentials as an empowered, socially responsible employer.
Ernst & Young – excellence in sustainability reporting 2007
Bidvest was placed in the top five for excellence in sustainability reporting in a survey organised by Ernst & Young, which ranked all 58 companies listed on the JSE’s Socially Responsible Investment Index.
Most admired company 2007
In the Finweek‘s “most admired CEOs and companies” peer review survey, Bidvest was ranked within the top 10 companies recognised and ranked 6th in terms of turnover. Brian Joffe was listed within the top five CEOs.
South Africa’s leading managers 2007
Brian Joffe has been recognised in South Africa’s leading managers collated by the Corporate Research Foundation. Being at the helm of Bidvest, which has maintained its record of 19 years of uninterrupted earnings growth, Brian Joffe celebrates a “decentralised methodology”, which he describes as harnessing the enthusiasm of each and every staff member at all levels of the business.
Ask Africa Trust Barometer 2008
The 2008 Ask Africa Trust Barometer, run in conjunction with Finweek magazine, voted entrepreneur Brian Joffe second for South Africa’s most trusted CEO.
Sappi African printers of the year award 2008
The 2007 Bidvest annual and sustainability reports won the gold medal for 2008, for excellence in printing. The competition benchmarks against world-class publications which reflect a responsible attitude towards the environment. The 2006 Bidvest annual report was placed second internationally last year. |
