Salient features

R4.1bn trading profit from
continuing operations



R6.2bn cash generated
from operations

Strengthened balance sheet

with net debt / EBITDA at

1.7x (2.1x June 2020)


R1 billion LPG

terminal in Richards Bay

Executive leadership team

45% women

45% black

Normalised HEPS from continuing
operations 651.6 cents


ROFE up to


Interim dividend

290 cents

Message to shareholders

During the six months to December 2020, Bidvest pulled together like never before, strengthening our resolve to emerge stronger. Our entrepreneurial philosophy, agility, discipline and customer centricity enabled us to deliver a good set of results. Solid profit and HEPS growth converted into exceptional cash flow which enhanced our balance sheet.

Our people, many of whom are frontline workers, were key enablers in delivering this outcome. We are particularly pleased that today 95% of our employees have been able to return to work, a massive shift from the approximately 75% of employees that were unable to work during the height of the lockdown in 2020.

Full message to shareholders