The corporate centre adds value by identifying strategic
investment opportunities while promoting experience sharing
across divisions and fostering synergies and savings. Bidvest
Corporate also houses Group investments.
Bidvest Corporate office offers:
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access to Corporate finance; |
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| Sibusiso Vilakazi, captain and midfielder for Bidvest Wits football club. |
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Bidvest brand support; |
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compliance; |
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executive training, oversight and management of Group-wide financial management; |
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investor relations and corporate communications; |
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risk and sustainability assistance; and |
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strategic initiatives |
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Group property-related functions |
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Group properties continued the development and refurbishment of premises for divisional operations, with strong focus on automotive. Cost cutting
continued at the UK-based Mansfield group of automotive, rescue and recovery businesses. At Ontime Automotive the contract was renewed for the
UK and European distribution of Lotus vehicles while unit volumes rose on the BMW contract. Significant once-off costs relating to the acquisition of
Mvelaserve Limited were incurred. Bidvest continues to invest in the promotion of the Bidvest brand, both locally and internationally.
Bidvest Executive Development Programme (EDP).
The programme is run through GIBS and designed specifically for Bidvest management in collaboration with Bidvest executives and divisional chief executives.
This programme endeavours to shift thinking and paradigms from an operational to a more strategic mindset.
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