Chairman’s report

This first report back, following my appointment as chairman of Bidvest this year, is being written at a time of uncertainty and sadness. The scourge of COVID-19 continues to affect the entire nation. It has been a tragedy of epic proportions and sadly we continue to receive daily reports of ongoing infections and fatalities.

Bonang Mohale
Chairman

CEO’s report

While Bidvest is familiar with change, we have never before faced the need for transformation at such a rapid rate – first, to support more than 130 000 employees in the Bidvest family through the COVID-19 pandemic and, at the same time, to ensure the success of our numerous initiatives to remain viable, competitive and future-fit.

Lindsay Ralphs
Chief executive (retired 30 September)

CFO's report

Despite operating in an environment of muted economic growth, we entered this past financial year with strong momentum in our businesses and in the markets in which we operate. We traded well for nine months to March and were then impacted by COVID-19 and the stringent lock-down protocols. We responded quickly and decisively to the pandemic and realigned businesses accordingly, resulting in a strongly positioned balance sheet with an enhanced liquidity and cash flow profile.

Mark Steyn
Chief financial officer