ESG Report

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Bidvest is a leading B2B services, trading and distribution Group operating in the areas of consumer, pharmaceutical and industrial products, outsourced hard and soft services, financial services, freight management, office and print solutions, travel services and automotive retailing.

The Group
This is Bidvest

2021 Highlights



cash from operations


Strengthened balance sheet with net debt/EBITDA


ROFE# up to


Total dividend of 600 cents



trading profit*


Normalised HEPS*

1 292 cents


HEPS* 1 183 cents



44% of


employees female




of businesses achieved Level 1–3 B-BBEE ratings

R230 million

spent towards easing the impact of COVID-19 on employees and communities

Electricity from renewable resources


Water intensity declined**


# Normalised
* Continuing operations
** Like-for-like
2021 Highlights

Reflecting on FY2021

Chairman's report
CEO's report
CFO's report


Bonang Mohale

"As we approach the two-year anniversary of this dreaded pandemic, it is prudent to take time to reflect and assess how the environment in which we operate has changed. It is incumbent on us, as business leaders, to take cognisance of the complications that have emerged and acknowledge, accept and work to resolve this predicament, without relinquishing the longer-term aims and ambitions of society."

Chairman's report


Mpumi Madisa
Chief executive

"Bidvest has achieved a stellar set of operating and financial results. What we did really well this year, was to translate a strong trading profit of R7.9 billion into cash generation of R13.6 billion, which we utilised to reduce debt. And at the same time, we maintained our growth focus, concluding four international acquisitions, and we were able to provide additional support to our employees, the people within our immediate communities, and fellow South African citizens that have been impacted by the pandemic and social unrest."

CEO's report


Mark Steyn
Chief financial officer

"This year represented a post-COVID recovery period, with underlying businesses returning to normal. The Group benefitted from bedding-down the significant PHS acquisition and completing other strategic investments and divestments. The financial position was strongly enhanced and the Group remains healthy, resilient and well-placed for future growth."

CFO's report

The Group

Our ESG framework

People and Products Behind a Brighter Future

As the impact of climate change and inequality become more and more evident, the need for all stakeholders to ensure common cause, understanding and purpose, and to avoid damaging the environmental and social status for future generations, has become a critically important imperative. We recognise that people are the enabler of our business and a critical resource that needs to be nurtured, developed and supported.

Our sustainability strategy, focused on areas where we can make the biggest difference, culminated in an ESG Framework. The notion of stakeholder capitalism and sustainable enterprise value creation resonates strongly with the Group and for this reason we have set innovative, measurable and challenging targets for our leadership to implement this framework. This will ultimately ensure the continued generation of long-term value for shareholders, for all other members of stakeholder society and for the planet we share.

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