Our contribution to prosperity
Bidvest’s purpose is to create lasting value that builds a brighter future. We are deeply invested in the communities which we serve. Increasing diversity across Bidvest supports our firm commitment towards inclusive, job-rich and sustainable economic growth. We foster innovation and an environment in which employees thrive, which in turn drives our advance across markets, geographies and society.
During FY2021 Bidvest generated considerable direct value
Revenue
R88bn
+16%
R50bn
spend on raw materials, goods and services, with R20bn spend in SA
Employee benefits
R26bn
+18%
Dividends declared to shareholders
R2bn
Employee and company taxes
R4bn
+27%
R303m
invested for future capacity (capex minus depreciation)
R230m
support to communities and employees
R372m
invested in skills development
Payments to debt providers
R2bn
Spend on training, socio-economic support and humanitarian support of our employees and communities, is discussed earlier in the report.
No political contributions have been made.
Government support in terms of various employee relief schemes in South Africa, the United Kingdom and Ireland were received during FY2021. These governments are commended for the support provided.
Exchanges with governments (including amounts collected on their behalf)*
| South African | International | |||
| R’000s | 2021 | 2020 | 2021 | 2020 |
|---|---|---|---|---|
| Employee taxes | 2 120 016 | 2 330 239 | 2 612 605 | 1 426 488 |
| Company taxes | 1 464 070 | 770 611 | 206 704 | 80 978 |
| Value added tax and sales tax | 19 379 516 | 21 687 179 | 3 205 416 | 1 145 891 |
| Customs and excise duty | 3 701 436 | 4 729 552 | 120 352 | 92 455 |
| Other | 227 212 | 207 097 | 49 015 | 29 339 |
| 26 892 250 | 29 724 678 | 6 194 092 | 2 775 151 | |
* Continuing operations.
Our Value-added statement can be found on the Annual Integrated Report.