Salient features


cash generated from operations
up 38%

Free cash flow of


a R1.4bn increase


trading profi t from continuing
operations, up 3%, before R1.6bn
COVID-19 charges

Normalised HEPS from continuing operations of

1 028.3 cents

down 23%

HEPS from

continuing operations

553.2 cents

Exceptional asset management during challenging times resulted in a normalised

23% ROFE


balance sheet with moderate gearing

CE – designate Mpumi Madisa will assume Chief Executive role from

1 October 2020

Message to shareholders

This financial year has been unprecedented. Never has the world, our country, Group and our people been tested to such an extent. But the true Bidvest spirit shone through. Numerous cost containment, liquidity preservation and strategic steps were implemented in rapid response to considerable demand changes. Various wellness and support interventions were rolled out to assist our employees and communities as their livelihoods were severely impacted. At the same time, innovation within our businesses ramped up to continue to add value to our customers. The Bidvest family is proud of what has been achieved, providing a solid platform to ensure that we are capable of #EmergingStronger.

Full message to shareholders