Integrated Group overview
Bidvest is a leading business-to-business services, trading and distribution group, with seven core divisions.
Subsequent to year-end, Bidvest strategically increased its stake in Adcock Ingram to 50.1%, making it a Proudly Bidvest company. Bidvest continues to hold investments in Comair (27.2% stake) and other unlisted investments. The Group also owns a significant Bidvest-occupied property portfolio, comprising 112 properties. Operations are primarily in South Africa with Noonan currently presenting the offshore exposure at 9% of revenue and 6% of trading profit in 2019.
Bidvest generates 65% of trading profit from services and 35% from trading and distribution activities.
Bidvest services 175 000 customers through 1 300 facilities.
B-BBEE level 3 with 50% of individual businesses at a level 1-2.