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Integrated Report
for the year ended 30 June
2022

This is what we stand for

Our purpose

People and products behind a brighter future

We achieve our Purpose by focusing on providing the often overlooked, essential components of everyday life that respond to the diverse needs of society. Getting this right, does not happen by chance.

Driven by excellence

We value and respect the skills, time and intentions of all our people. We strive to provide an environment where they can do, and become, their best.

Committed to customers

We make every decision and measure our performance on how well it serves our customers. When our customers succeed and grow, we succeed and grow.


Leading by example

We do the right thing, even when no one else is looking. What is right, is different to doing what is easy.


Empowering entrepreneurship

We think like customers but act like owners. Every employee has the power to make our business better.

Creating social value

We take the long view and strive to make a sustainable difference in society. We are building something worth building, that will endure the test of time.

Our vision

To turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process, while understanding that people create wealth, companies only report it

Our values


Accountability   Honesty   Integrity   Respect


Bidvest is unwavering in ensuring the highest standards of corporate governance and responsibility. There is a deeply entrenched functional governance structure that places significant reliance on the ethical behaviour of all Bidvest employees, which is firmly entrenched across the Group. There is a high hurdle of responsibility on everyone.

The Group board and its six sub-committees together with seven divisional boards and Audit committees, chaired by independent non-executives, provide robust oversight. Combined assurance receives deliberate and focused attention at Bidvest. The Audit committee ensures that our combined assurance model adequately addresses Bidvest’s risks and material matters through the aggregated efforts of assurance providers. Continually optimising our combined assurance model avoids duplication and rationalises collaboration efforts upstream amongst assurance providers. This enables an effective control environment and ensures the integrity of information used for reporting and decision making.

Top-down

  • Code of Ethics and Levels of Authority matrix governs day-to-day activities
  • Key issues discussed and reviewed by board and its sub-committees
  • Bidvest Ethics Line, externally managed
  • Internal audit function (progressive, independent, value-adding, responsive)
  • Governance built into short- and long-term incentives

Functional governance

comes from the heart

Doing the right thing, even when no one is watching

Results in:

dynamic and iterative risk assessment and mitigation actions;

strategic review and identification of opportunities; and

stakeholder engagement

Bottom-up

  • Processes/structures at business level are the first line of defense
  • Business and divisional Exco’s, Risk and Audit committees
  • Due diligence on all 3rd party partners externally verified