| |
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2018
R'000
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|
|
2017
R'000 |
|
| Capital expenditure approved |
|
|
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|
| Contracted for |
1 285 138 |
|
|
553 832 |
|
| Not contracted for |
378 926 |
|
|
1 441 298 |
|
| |
1 664 064 |
|
|
1 995 130 |
|
| Capital expenditure amounting to R1 579 million (2017: R1 939 million) is in respect
of property, plant and equipment and the remaining balance is in respect of computer
software. It is anticipated that capital expenditure will be financed out of existing cash
resources. |
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| Bidvest Freight has commenced the development of an LPG tank farm in the port
of Richards Bay, to 30 June 2018 R201 million has been spent with an additional
R736 million committed to the project, the estimated completion date is July 2020.
Bidvest Properties and Bidvest Bank are parties to the development of a property
in the Sandton CBD and have a combined commitment of R250 million. Bidvest
Properties has committed R138 million to build a fit-for-purpose warehouse for Bidvest
Panalpina Logistics in Mobeni, KwaZulu-Natal. |
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