The Bidvest Group Limited
Annual report 2009

Financial results

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Interest in subsidiaries, joint ventures and associates
at June 30

	Issued share	Effective holdings		Shares		Indebtedness
	capital R’000	2009 %	2008 %	2009 R’000	2008 R’000	2009 R’000	2008 R’000
Travel, financial and related services
Bid Financial Services (Pty) Limited	^*	100	100	–	–	25 000	25 000
Bidtravel (Pty) Limited^#	^*	100	100	–	–	–	–
Bidvest Bank Limited	1 800	100	100	–	–	–	–
Concorde Travel (Pty) Limited t/a Carlson Wagonlit Travel	^*	90	90	47 045	47 506	–	–
Connex Travel (Pty) Limited t/a BCD Travel	^*	61	61	27 984	28 128	5 513	5 513
Harvey World Travel Southern Africa (Pty) Limited	^*	50	100	3 464	3 464	–	–
Macardo Lodge (Pty) Limited t/a Travelwise Travel	45	60	51	–	–	–	–
Master Currency (Pty) Limited	9 001	100	100	46 476	46 476	38 295	38 295
Namibia Bureau de Change (Pty) Limited⁽¹⁰⁾	500	51	51	–	–	–	–
Rennies Travel (Namibia) (Pty) Limited⁽¹⁰⁾	1	90	90	–	–	–	–
Rennies Travel (Pty) Limited t/a HRG Rennies Travel	2	75	75	2 054	2 025	–	–
Rennies Travel Holdings (Malawi) Limited⁽¹³⁾	^*	100	100	–	–	–	–
Travel Connections (Pty) Limited	^*	60	60	9 192	9 147	–	–
Trustone Investments (Pty) Limited	^*	100	100	–	–	–	–
World Travel (Pty) Limited	3 350	100	100	7 407	7 412	–	–
Freight forwarding, clearing, distribution warehousing and allied activities
African Shipping Limited	2 450	100	100	8 996	8 996	–	–
Bidcorp Outsourced Services Limited⁽⁶⁾	234 892	100	100	–	–	–	–
Bidcorp Property Limited⁽⁶⁾	^*	100	100	–	–	–	–
Bidfreight (Pty) Limited^#	^*	100	100	–	–	–	–
Bidfreight Intermodal (Pty) Limited^#	^*	100	100	–	–	–	–
Bidfreight Port Operations (Pty) Limited^#	^*	100	100	–	–	–	–
Bidfreight Terminals (Pty) Limited^#	^*	100	100	–	–	–	–
Bulk Connections (Pty) Limited^#	^*	100	100	–	–	–	–
Freightbulk (Pty) Limited	1	100	100	652	680	108	108
Island View Storage Limited	334	100	100	367 907	367 907	–	–
Island View Storage Richards Bay (Pty) Limited	500	100	100	–	–	–	–
Lubrication Specialists (Pty) Limited⁽¹⁰⁾	^*	46	46	–	–	–	–
Luderitz Bay Shipping & Forwarding (Pty) Limited⁽¹⁰⁾	^*	90	90	–	–	–	–
Manica (Botswana) (Pty) Limited⁽⁹⁾	172	100	100	–	–	–	–
Manica (Malawi) Limited⁽¹³⁾	357	100	100	–	–	–	–
Manica (Zambia) Limited⁽¹⁴⁾	546	100	100	–	–	–	–
Manica Africa (Pty) Limited	3 088	100	100	–	–	–	–
Manica DRC SPRL (Pty) Limited⁽¹⁵⁾	^*	60	60	–	–	–	–
Manica Group Namibia (Pty) Limited⁽¹⁰⁾	279	90	90	–	–	–	–
Manica Holdings Limited	1	100	100	77 574	77 473	17 638	19 620
Manica Information Technology (Pty) Limited⁽¹⁰⁾	^*	90	90	–	–	–	–
Manica Zimbabwe Limited⁽¹⁶⁾	^*	100	100	–	–	–	–
Namsov Fishing Enterprises (Proprietary) Limited⁽¹⁰⁾	100	63	63	–	–	–	–
Namsov Industrial Properties (Proprietary) Limited⁽¹⁰⁾	1	90	90	–	–	–	–
Namibian Sea Products Limited⁽¹⁰⁾	45 437	90	90	–	–	–	–
Naval Servicos A Navegacao Limitada⁽¹⁷⁾	9	100	100	–	–	–	–
Ontime Automotive Limited⁽⁶⁾	32 550	100	100	–	–	–	–
P & I Associates (Pty) Limited^#	^*	100	100	–	–	–	–
Renfreight (Pty) Limited	^*	100	100	95 554	95 554	(108)	(108)
Rennie Murray and Company (Pty) Limited^#	^*	100	100	–	–	–	–
Rennies Distribution Services (Pty) Limited^#	^*	100	100	–	–	–	–
Rennies Property Holdings (Pty) Limited	10	100	100	54 000	54 000	–	–
Rennies Ships Agency (Pty) Limited^#	^*	100	100	–	–	–	–
Safcor Freight (Pty) Limited (trading as Safcor Panalpina)	^*	100	100	108 644	108 644	–	–
South African Bulk Terminals Limited	2	100	100	51 742	51 612	–	–
South African Container Depots (Pty) Limited^#	^*	100	100	–	–	–	–
South African Container Stevedores (Pty) Limited	1	82	82	74	66	–	–
Walvis Bay Airport Services (Pty) Limited⁽¹⁰⁾	5	45	45	–	–	–	–
Walvis Bay Stevedoring Company (Pty) Limited⁽¹⁰⁾	^*	49	49	–	–	–	–
Woker Freight Services (Pty) Limited⁽¹⁰⁾	29	90	90	–	–	–	–