There have been numerous stand-out features over the past year, not least of which has been an excellent financial and operating performance
for the year ended 30 June 2021, with trading profit increasing by 47.8% to a stellar R7.9 billion and cash generated by operations of
R13.6 billion, which is 48.6% higher than last year.
These financial results reflect Bidvest’s success in achieving its planned strategic objectives, increased market share and organic growth
in key sectors. It also follows the successful conclusion of the disposal of non-core assets, which started after the unbundling of the food
services businesses and resulted in cumulative proceeds of more than R4 billion since FY 2017.
The Group has been successful in advancing its strategy of carefully considered geographic diversification, concluding two sizeable and a few
smaller bolt-on acquisitions in the United Kingdom.
Message to shareholders