Bidvest Group

Bidvest Group Limited

Bidvest Bank headquarters in Sandton
Company type	Public company
Traded as	JSE: BVT
Industry	Conglomerate
Founder	Brian Joffe
Headquarters	Johannesburg , South Africa
Area served	Africa
Key people	Bonang Francis Mohale (Independent non-executive Chairman), Nompumelelo (Mpumi) Thembekile Madisa (Group CEO)
Services	Services, Trading, Distribution [1]
Revenue	R  126.61 billion [2]  (2025)
Operating income	R  10.73 billion [2]  (2025)
Net income	R  6.44 billion [2]  (2025)
Total assets	R  124.59 billion [2]  (2025)
Total equity	R  41.41 billion [2]  (2025)
Website	www.bidvest.com

Bidvest Group is a South African services, trading, and distribution company that owns a diverse set of businesses.

History

Bidvest was founded in 1988 by Brian Joffe and listed on the Johannesburg Stock Exchange in 1990. ^[3] The Bidvest Group Limited has a corporate office in Johannesburg, South Africa. As of 2017 ^[update] , it employed approximately 132,870 people. ^[4]

The Bidvest Group Limited board comprises eleven members. In March 2019 Bidvest named Executive Director Mpumi Madisa as CEO-designate. ^[5] After the retirement of Lindsay Ralphs on 30 September 2020, Mpumi Madisa assumed the role of Bidvest CEO. ^[6]

A plan first developed in 2012 and coming to fruition in 2016 saw the conglomerate unbundle its businesses. It split into a number of different businesses and sold off some others. One of the biggest was the separating of the Bidvest Food Services into a new listed company named Bidcorp that would focus on the food production and distribution businesses. ^{[7] [8] [9]}

In December 2024, Bidvest Group sold its subsidiary Bidvest Bank to a Nigerian banking group's local South African subsidiary Access Bank South Africa for R2.8billion. ^{[10] [11]}

See also

• Bidvest Insurance
• Bidvest Bank
• Steinhoff International
• Woolworths Holdings Limited

References

1. "The Bidvest Group Ltd - Stock price". Reuters. 2014. Archived from the original on 7 April 2014.
2. "Bidvest Group AFS" (PDF). Retrieved 25 December 2025.
3. "Bidvest corporate website". Bidvest. 2016.
4. "Boost for Bidvest as Bid Corp lists on JSE". Fin24. 30 May 2017. Retrieved 20 September 2017.
5. "Mpumi Madisa officially appointed as Bidvest's first female CEO". The South African. 8 March 2019. Retrieved 18 March 2019.
6. "Mpumi Madisa to become Bidvest CEO from 1 October 2020". CFO South Africa. CFO South Africa. 14 September 2020. Retrieved 21 April 2022.
7. "Bulky Bidvest not appealing to all". Mail & Guardian. 3 February 2012.
8. "Bidvest grows profits in tough market conditions". Independent Online and Affiliated. 29 August 2026.
9. "Bidvest to unbundle into three separately listed companies; shares up 2%". Biz News. 8 February 2016.
10. "Access Bank seals deal to buy South Africa's Bidvest Bank". 13 December 2024.
11. "Access Bank Expands Footprint With Bidvest Bank Acquisition". News Central. 13 December 2024.