DOCSLIB.ORG

Group Overview1.4Mb

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Group Overview1.4Mb PASSION / VITALITY / PRECISION Bidvest is a family of 105 057 people. The vitality of each individual generates the life force of the whole. Our passion and energy translates into action. Our expression is unique. We are proudly Bidvest. We have used the butterfly to illustrate this report because its characteristics epitomise the Bidvest group – passion, vitality, precision, unity, energy, strength and the power of many. The Bidvest Group Limited annual integrated report for the year ended June 30 2011 Scope and boundaries The Bidvest world is a dynamic one. The power of many people and many businesses operating within a variety of industries and geographies underpins the decentralised entrepreneurial mindset of the Group and creates exciting opportunities. We continue to integrate our social, environmental and governance performance with our financial performance and are progressing on the journey outlined in King III. This is our eighth year of reporting sustainability issues and the fourth successive year that we have included sustainability information in our integrated annual report. This report includes links to additional information on the Bidvest website. The annual integrated report covers the financial year from July 1 2010 to June 30 2011. The annual financial statements are prepared in accordance with the International Financial Reporting Standards (IFRS), the Companies Act of South Africa and the JSE listings requirements. Our ESG (environmental, social and governance) information is collated in accordance with the GRI (Global Reporting Initiative) guidelines. The GRI (G3) indicator index can be found on our website at www.bidvest.com/ar/bidvest_ar2011/001.php Group-wide sustainability information has been maintained, collated and captured by individual companies using a common online data collation tool. While no significant changes were made to the scope, boundaries or measurement methods, restructuring of the Bidvest South Africa divisions and their constituent business required restatement of some of the data at divisional level for the 2010 year. 2009 data is no longer comparable and has been omitted from this report, but is available with other historical information on the Bidvest website. From 2012, the report will include three years’ data for improved trend analysis. Structural changes, realignment of management responsibilities and acquisitions affect the comparability of some data. The effect of these data inclusions or exclusions is noted. www.bidvest.com FINANCIAL STATEMENTS GROUP OVERVIEW PERFORMANCE OVERVIEW AND OTHER INFORMATION A description of the business The chairman’s report, our board The Group financials and other useful activities including overviews of and management structures and the information our markets, the Group’s strategy, overall performance of our market measures of performance and the segments as reviewed by the chief outlook for 2012 executive, financial director and divisional chief executives Highlights 02 Chairman’s review 26 Audited financial statements 125 Bidvest at a glance: our structure 07 Strategy 29 Shareholder information 222 Consolidated segmental analysis 10 Chief executive’s statement 30 Shareholders’ diary 224 Our history 13 Financial director’s review 36 Glossary 225 Our global footprint 14 Governance for a sustainable business 40 Administration 226 Group financial history 16 Operational reviews 51 Our company logos IBC Directorate 18 We are an international services, trading and distribution company, listed on the JSE, South Africa and operating on four continents. We employ 105 057 people worldwide, but our roots remain South African. In a big business environment we run our company with the determination and commitment evident in a small business heart. We believe in empowering people, building relationships and improving lives. Entrepreneurship, incentivisation, decentralised management and communication are the keys. We subscribe to a philosophy of transparency, accountability, integrity, excellence and innovation in all our business dealings. We turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process. But most importantly, we understand that people create wealth and that companies only report it. 01 THE BIDVEST GROUP LIMITED / ANNUAL INTEGRATED REPORT 2011 PASSION/VITALITY/PRECISION Highlights Share price R1 000 invested at the start of Bidvest (Cents) 20 000 in 1988 with capital and dividend distributions reinvested, would be 15 050 15 000 14 123 worth an estimated R558 236, a 12 189 compound return of 32% per annum. 9 875 9 838 9 674 10 000 In a recent survey, Bidvest’s compound 7 270 annual growth rate in total shareholder 5 250 5 000 4 300 return over three years was 133% when compared to a peer group of 0 03 04 05 06 07 08 09 10 11 companies. Teamwork and managerial Revenue competence; this is what underpins any success at R118,5 billion +7,9% Bidvest. A quote from a Moneyweb article, articulates this as follows; “What sets a multi- Trading profit faceted business apart is exceptional management; R6,1 billion +9,1% Bidvest seems to demonstrate that”. Headline earnings per share (Cents) 1 200 1 157,4 1 068,0 Headline earnings 1 070,0 970,0 1 000 930,0 per share 800 804,6 656,4 +8,2% 600 544,0 +8,2% 463,5 432,8 1 157,4 cents 400 200 0 02 03 04 05 06 07 08 09 10 11 Distributions per share (Cents) 495,0 500 480,0 446,4 Dividend per 432,0 380,0 400 369,0 306,0 share 300 +11,1% 250,2 220,0 480,0 cents +11,1% 200 190,0 100 0 02 03 04 05 06 07 08 09 10 11 02 GROUP OVERVIEW 2011 in perspective A reasonable result with a real increase in profits Refreshed South African operating structure implemented quickly demonstrating the flexibility and lack of complication that characterises Bidvest Increased opportunities for individuals; continuity, succession and personal growth Strategic leadership and growth focus role for Group chief executive with strong executive support Foodservice is a key ingredient in the evolution and growth of Bidvest Looking forward to 2012 The Bidvest board has reaffirmed its belief in the Bidvest decentralised business model and its confidence in our people Strategy is to grow organically and acquisitively New geographies continue to be added Real growth is important but not at the expense of long-term financial, stakeholder and environmental sustainability Global challenger companies The Boston Consulting Group (BCG), one of the world’s leading firms of international management consultants, has identified Bidvest as one of a new generation of global challenger companies from rapidly developing economies that are reshaping industries worldwide. Bidvest was one of three South African businesses to warrant a place on the prestigious BCG challenger list. January 2011 03 THE BIDVEST GROUP LIMITED / ANNUAL INTEGRATED REPORT 2011 PASSION/VITALITY/PRECISION We are proudly Bidvest Bidvest Unity Walk The Proudly Bidvest family in Johannesburg came out in full force on Sunday, August 14 2011 when we regained our Guinness world record title for the largest charity walk. More than 24 000 Bidvest people and their families enjoyed a beautiful sunny Sunday morning while raising money for charity. A donation of R180 000 was made to the Reach for a Dream Foundation. Bidvest World Chefs’ Tour Against Hunger 250 chefs from 44 countries participated in this wonderful event which raised R8 million over the 10 days of the tour. All funds raised will go directly into providing 821 250 meals to needy children over a five year-period. Presented by South African Chefs Association Endorsed by World Association of Chefs Societies Carbon Disclosure Project 2011 The United Nations-sponsored Carbon Disclosure Project provides investors with information about carbon emissions and climate change exposure of the world’s major corporations. Bidvest’s disclosure was ranked highly in South Africa. JSE Social Responsibility Investment Index Based on an assessment of the Group’s policies, performance and reporting on economic, social and environmental sustainability, the JSE has reaffirmed Bidvest as a founding constituent of the SRI Index. Bidvest, one of 30 best performers out of 109 listed companies included in the research, is one of 67 constituents of the index. Bidvest was assessed as having a low environmental impact. The index is the first of its kind in an emerging market and the first to be launched by a stock exchange. Social upliftment in Namibia Bidvest Namibia is involved in sourcing brown and white beans from rural Namibian women who are involved in subsistence farming. These beans are canned – at a Bidvest Namibia canning factory – and sold to the commercial market. Renewable energy Since July 2008, over 97% of 3663’s electricity has been from renewable sources via sustainable suppliers to the UK national grid. 04 GROUP OVERVIEW Operational highlights Strategic review of Foodservice business highlighted the value of this asset. Realignment of South African businesses and executive responsibilities provides a platform for the pursuit of new opportunities. The inherent value of Proudly Bidvest people recognised and celebrated with senior posts being filled by people from within the businesses. Businesses grouped via similar product and services offerings. Asset management and cost efficiency remain focus areas. Real value created for B-BBEE partners Dinatla with a fully paid shareholding valued in excess of R2,0 billion. Bidvest South Africa businesses adjusted smoothly
Load more

Recommended publications
  • Transformation in Banking Report 2019
    February 2020 TRANSFORMATION in banking 2016 - 2018 Contents 1. Foreword 2 2. Highlights 3 3. Introduction 4 4. Methodology 5 5. Data and analysis 6 About this report Ownership 7 This report is produced by Intellidex (Pty) Ltd Management 8 1st Floor, Building 3 Skills development 12 Inanda Greens Office Park 54 Wierda Road West Socioeconomic development 14 Sandton South Africa Procurement 14 Email: [email protected] Consumer education 15 Web: www.intellidex.co.za Tel: +27 (0)10 072 0472 Empowerment financing 17 Disclaimer Intellidex was commissioned by the Banking While Intellidex believes all information in this report to be accurate, Intellidex makes no representations Transformational infrastructure 17 Association South Africa (BASA) to produce or warranties regarding the completeness, accuracy this report from data supplied from member or reliability of any information, facts, estimates, forecasts or opinions contained in this document. The Black agricultural financing 18 banks. information and opinions could change at any time without prior notice. Intellidex, its directors, officers, The report reflects transformation in the staff, agents or associates shall have no liability for Black SME financing 18 any loss or damage of any nature arising from the use banking industry and its progress towards of this document. achieving the targets set out in the Financial Affordable housing 19 Sector Code. Copyright Supplier development contribution 20 ©2020. This document is copyrighted to the Banking The publication serves as a report to society Association South Africa. It may be distributed in on the contribution of the banking industry this form without prior permission, but prior written B-BBEE transaction financing 20 permission must be obtained before using the to the development of the country, and content in another form.
    [Show full text]
  • Financial Inclusion Policy
    AN INCLUSIVE FINANCIAL SECTOR FOR ALL Draft for consultation AN INCLUSIVE FINANCIAL SECTOR FOR ALL Draft for consultation To obtain additional copies of this document, please contact: Communications Directorate, National Treasury, Private Bag X115 Pretoria, 0001, South Africa Tel: +27 12 315 5757 | Fax: +27 12 406 9055 The document is also available on the internet at: www.treasury.gov.za AN INCLUSIVE FINANCIAL SECTOR FOR ALL Draft for consultation TABLE OF CONTENTS LIST OF ACRONYMS, FIGURES, AND TABLES ........... vii 3.1.3. Treating customers fairly (TCF) EXECUTIVE SUMMARY ................................................ 1 framework ................................................................... 31 1 INTRODUCTION ..................................................... 8 3.1.4. Financial Sector Regulation Act ..................... 31 1.1. What is financial inclusion 3.1.5. Parliamentary enquiry into and why is it important? ........................................................8 transformation of the financial sector ....... 32 1.2. Policy objectives and scope ............................................. 12 3.1.6. The Financial Intelligence Centre Act ........ 33 1.2.1. Objectives .................................................................... 12 3.1.7. Insurance Act ............................................................ 33 1.2.2. Scope ............................................................................. 12 3.1.8. Review of banking and payment methods in distributing social grants ........ 34 2 SOUTH AFRICA’S
    [Show full text]
  • Registered Attendees
    Registered Attendees Company Name Job Title Country/Region 1996 Graduate Trainee (Aquaculturist) Zambia 1Life MI Manager South Africa 27four Executive South Africa Sales & Marketing: Microsoft 28twelve consulting Technologies United States 2degrees ETL Developer New Zealand SaaS (Software as a Service) 2U Adminstrator South Africa 4 POINT ZERO INVEST HOLDINGS PROJECT MANAGER South Africa 4GIS Chief Data Scientist South Africa Lead - Product Development - Data 4Sight Enablement, BI & Analytics South Africa 4Teck IT Software Developer Botswana 4Teck IT (PTY) LTD Information Technology Consultant Botswana 4TeckIT (pty) Ltd Director of Operations Botswana 8110195216089 System and Data South Africa Analyst Customer Value 9Mobile Management & BI Nigeria Analyst, Customer Value 9mobile Management Nigeria 9mobile Nigeria (formerly Etisalat Specialist, Product Research & Nigeria). Marketing. Nigeria Head of marketing and A and A utilities limited communications Nigeria A3 Remote Monitoring Technologies Research Intern India AAA Consult Analyst Nigeria Aaitt Holdings pvt ltd Business Administrator South Africa Aarix (Pty) Ltd Managing Director South Africa AB Microfinance Bank Business Data Analyst Nigeria ABA DBA Egypt Abc Data Analyst Vietnam ABEO International SAP Consultant Vietnam Ab-inbev Senior Data Analyst South Africa Solution Architect & CTO (Data & ABLNY Technologies AI Products) Turkey Senior Development Engineer - Big ABN AMRO Bank N.V. Data South Africa ABna Conseils Data/Analytics Lead Architect Canada ABS Senior SAP Business One
    [Show full text]
  • Bidvestco Programme Information Statement
    BRR/SM 06042021/RENN0955.46 Information Statement_Execution/#6665874v1 BIDVESTCO LIMITED (Registration Number 1966/011512/06) (Established and incorporated as a public company with limited liability in accordance with the laws of South Africa) Guaranteed by THE BIDVEST GROUP LIMITED (Registration Number 1946/021180/06) (Established and incorporated as a public company with limited liability in accordance with the laws of South Africa) INFORMATION STATEMENT in respect of Bidvestco Limited's ZAR12,000,000,000 Domestic Medium Term Note and Commercial Paper Programme Bidvestco Limited (the "Issuer") may from time to time issue notes (the "Notes") under its ZAR12,000,000,000 Domestic Medium Term Note and Commercial Paper Programme (the "Programme") on the terms and conditions set out in the programme memorandum dated 6 April 2021, as amended or restated from time to time (the "Programme Memorandum"). Capitalised terms used in this information statement (the "Information Statement") and not otherwise defined herein, have the meanings ascribed to those terms in the section of the Programme Memorandum entitled "Terms and Conditions of the Notes" under the heading "Interpretation". Availability of Information This Information Statement and the Programme Memorandum are also available on the Issuer's website at https://www.bidvest.co.za/dmtn-cp.php. This Information Statement is incorporated by reference into the Programme Memorandum. The only information on the Issuer's website which is incorporated by reference into the Programme Memorandum are those documents which are specifically so incorporated by reference as set out in the section headed "Documents Incorporated by Reference" in the Programme Memorandum. Information Statement dated 6 April 2021.
    [Show full text]
  • 2020 BASA Transformation Report 05 March 2020
    2020 BASA Transformation Report 05 March 2020 Dr Stuart Theobald, CFA Orin Tambo,CFA Letta Maponyane Colin Anthony Background 1 Methodology Economic context & Presentation 2 highlights outline 3 Findings 2 Background Data covers FY16-FY18 for all banks with December year ends (most), and FY17-FY19 for those with March year ends (Capitec, African Bank and 2 Investec) Data supplied by the banks were based on the Financial Sector Code scorecard methodology Ownership and management control data were weighed by banks’ total Methodology assets to determine industry aggregates Earlier year figures (2016, 2017) were recalculated to reflect changes in the same group to allow year-on-year comparisons (two banks exited and four banks entered) and therefore differ from last year’s report 4 Submitting banks: Absa, African Bank, Albaraka, GroBank, Bidvest Bank, Capitec, Finbond, FirstRand, Grindrod, Investec, Mercantile, Nedbank, Sasfin, Standard Bank, China Construction Bank Corporation, Citi, Ubank and HBZ Bank 3 Findings Economic context Economic environment Impact on transformation Difficult to drive • Weak economy transformation that depends • Worsening credit on lending growth to environment targeted sectors • Bank balance sheets grew 6.5% (inflation 4%) Difficult for banks to incur the • Bank ROE declining costs of enhanced skills and • Bank profit growth of only supplier development 4.7% Limited promotion opportunity 4 Background Black board directors up from 43% to 51%. Top black senior managers up from 32% to 36% Socioeconomic development spending 6% up to R666m Supplier development almost doubled to R795m Highlights Black skills development spend up 23% to R3.3bn Spending on consumer education up 24% to R180m Exposure to black SMEs 13% up to R28.8bn Black agricultural financing up 41% 5 Findings Ownership • Black ownership measures have declined Black ownership percentage in banks across the three years on all measures 40% but on aggregate remain above the FSC 32,8% targets, except for black economic 29,7% 30% 29,0% 28,7% interest.
    [Show full text]
  • Products and Services
    PRODUCTS AND SERVICES Contents We are Bidvest Bidvest at a glance 02 Divisional overview Bidvest Automotive 06 Bidvest Commercial Products 08 Bidvest Financial Services 10 Bidvest Freight 12 Bidvest Branded Products 14 01 Bidvest Services 16 Corporate transformation and CSI Transformation 20 02 Corporate social investment 24 Administrative information Bidvest directory 34 03 Administration 56 THE BIDVEST GROUP LIMITED Products and Services 2019 1 We are Bidvest Bidvest at a glance Group structure Bidvest Industrial Automotive Freight Commercial Branded Products Products Lindsay Ralphs Chief executive officer Financial Services Services Bidvest Properties Properties 112 Market value Mpumi Madisa Chief executive officer – designate R8 billion Material Associates Adcock Ingram 50,1% Comair Mark Steyn 27,2% Chief financial officer Other Investments Mumbai Airport 6,75% Various smaller unlisted investments Gillian McMahon Executive director 2 THE BIDVEST GROUP LIMITED Products and Services 2019 A leading South African services, trading and distribution group Bidvest is a leading South African services, trading and distribution group operating in the areas of consumer and industrial products, electrical products, financial services, freight management, office and print solutions, outsourced hard and soft services, travel and aviation services, automotive retailing and pharmaceutical products. Listed on the JSE Limited and with roots firmly established in South Africa, we consistently broaden our product offering through organic and acquisitive growth in local as well as select niche international markets. Entrepreneurship, incentivisation, decentralised management and communication are key. We turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process. Most importantly, we understand that people create wealth, and that companies only report it.
    [Show full text]
  • The National Payment System Framework and Strategy Vision 2025
    The National Payment System Framework and Strategy Vision 2025 © South African Reserve Bank All rights reserved. No part of this publication may be reproduced, stored in a retrieval system, or transmitted in any form or by any means, electronic, mechanical, photocopying, recording or otherwise, without fully acknowledging The National Payment System Framework and Strategy: Vision 2025 of the South African Reserve Bank as the source. The contents of this publication are intended for general information only and do not serve as financial or other advice. While every precaution is taken to ensure the accuracy of information, the South African Reserve Bank shall not be liable to any person for inaccurate information and/ or the opinions contained in this publication. Comments and enquiries relating to this publication should be addressed to: Head: National Payment System Department South African Reserve Bank P O Box 427 Pretoria 0001 Tel. no.: +27 12 313 3442 Email: [email protected] ISBN (print): 978-1-920556-19-8 http://www.resbank.co.za ISBN (online): 978-1-920556-20-4 National Payment System Framework and Strategy • Vision 2025 Contents Foreword by the Governor ................................................................................. 1 Introduction ....................................................................................................... 2 Overarching vision ............................................................................................. 3 Goals and strategies: achieving Vision 2025 .....................................................
    [Show full text]
  • Annual-Integrated-Report-2016.Pdf
    THE BIDVEST GROUP LIMITED ANNUAL INTEGRATED REPORT REPORT THE BIDVEST GROUP LIMITED ANNUAL INTEGRATED 2016 THE BIDVEST GROUP LIMITED ANNUAL INTEGRATED REPORT 2016 We are Bidvest A leading South African services, trading and distribution group operating in the areas of consumer and industrial products, electrical products, financial services, fishing and materials handling, freight management, office and print solutions, outsourced hard and soft services, travel and aviation services and automotive retailing. Listed on the JSE Limited and with roots firmly established in South Africa, we consistently broaden our product offering through organic and acquisitive growth in local as well as select niche international markets. We unbundled our foodservice operations and separately listed Bid Corporation Limited (Bidcorp) on the JSE on May 30 2016. The successful and value enhancing unbundling has allowed our management team to move forward with a refocused platform from which to pursue growth. As a group, we will benefit from a greater visibility of our continued operations, and their potential values. Although we employ more than 114 000 people, we run our company with the determination and commitment evident in a small business heart. We believe in empowering people, building relationships and improving lives. Entrepreneurship, incentivisation, decentralised management and communication are the keys. We turn ordinary companies into extraordinary performers, delivering strong and consistent shareholder returns in the process. But most importantly,
    [Show full text]
  • Bidvest Bank Limited Audited Integrated Annual Report 2014
    Bidvest Bank Limited Audited Integrated Annual Report 2014 Bank Limited Audited Bidvest Bidvest Bank Limited Audited Integrated Annual Report for the year ended June 30 2014 (preparation supervised by G Oxford CA(SA) head: Financial Control) Bidvest Bank Limited (Registration No 2000/006478/06) is a licensed financial services and registered credit provider, NCRCP17. Contents Audited Integrated Annual Report for the year ended June 30 2014 2 – 4 Six-year review 5 – 13 Sustainability report 14 Directors’ responsibility for the financial statements 15 Report of the Audit Committee to the members of Bidvest Bank Limited 16 Independent auditor’s report 17 – 20 Directors’ report 20 Certificate of Company Secretary 21 Consolidated statement of comprehensive income 22 Consolidated statement of cash flows 23 Consolidated statement of financial position 24 Consolidated statement of changes in equity 25 – 72 Notes to the consolidated financial statements www.bidvestbank.co.za 1 Bidvest Bank Limited Integrated Annual Report 2014 Six-year review Consolidated statement of financial performance for the year ended June 30 Restated Restated Restated 2014 2013 2012 2011 2010 2009 R’000 R’000 R’000 R’000 R’000 R’000 Net interest income 171 066 158 544 139 690 120 344 61 534 58 305 Interest income 188 806 154 528 100 514 93 523 97 751 105 109 Imputed interest from rental income# 61 974 75 733 99 014 101 222 9 168 2 774 Interest expense (79 714) (71 717) (59 838) (74 401) (45 385) (49 578) Net fee and commission income 173 708 159 620 153 542 144 941 153
    [Show full text]
  • Shaping the Bank of the Future South African Banking Survey 2013
    Shaping the bank of the future South African banking survey 2013 www.pwc.co.za/banking Contents Foreword 4 Executive summary 6 Introduction 12 Evaluating trends shaping the industry and banks’ responses 16 1 External developments 16 2 Macro trends 34 3 Internal responses 44 4 Stakeholder expectations 58 5 Level of preparedness 66 Appendix 1: Peer analysis 76 Appendix 2: Additional survey results 84 Appendix 3: Research methodology 88 Appendix 4: BA 900 data 90 Contacts 98 PwC | 3 Foreword 4 | Shaping the Bank of the Future We are pleased to launch the 13th edition of the PwC survey on banking in South Africa – Shaping the bank of the future. The banking industry is dynamic and has evolved significantly since our last survey in 2011 as banking chief executives have adapted their strategies in response to regulatory changes and global economic pressures. Our aim is to highlight the challenges and opportunities faced by CEOs as they position their banks to succeed in the future. We also explore industry trends to provide perspectives on how banking in South Africa may evolve over the next three years. We have grouped these challenges and opportunities faced by banks into four broad themes, namely external developments, macro trends, internal responses and stakeholder expectations. Central to all themes is how CEOs are planning to maintain asolid return on equity given the challenges they are facing. Our foremost findings include: • External developments: Regulatory reform coupled with an uncertain economic environment remains the most pressing issue facing CEOs; • Macro trends: The rise and interconnectivity of emerging markets is a significant opportunity for our banks; • Internal responses: Cost containment, leveraging technology in all aspects of banking and a renewed focus on being client centric are some of the internal tactics CEOs are using to stay on top; and • Stakeholder expectations: Although CEOs are positive about their ability to adapt, ROE levels will be lower than in the past.
    [Show full text]
  • Proudly Bidvest
    The Bidvest Group Limited South Africa The Bidvest Group Limited OUR BUSINESSES AND PRODUCTS 2013 – OUR BUSINESSES AND PRODUCTS 2013 Edition 2 Proudly Bidvest Global footprint We are an international services trading and distributions company, operating on five continents and employing 106 000 people. EUROPE and the UNITED KINGDOM MIDDLE EAST SOUTHERN AFRICA SOUTH AMERICA THE BIDVEST GROUP LIMITED Our businesses and products 2013 The Bidvest Group Limited OUR BUSINESSES AND PRODUCTS 2013 – Edition 2 MIDDLE EAST Bidvest administration The Bidvest Group Limited Registered office Incorporated in the Republic of South Africa Bidvest House Registration number: 1946/021180/06 18 Crescent Drive ISIN: ZAE000050449 Melrose Arch Share code: BVT Melrose Johannesburg, 2196 Secretary South Africa Craig Brighten PO Box 87274 Auditors Houghton Deloitte & Touche Johannesburg, 2041 South Africa Legal advisers Bidvest participated in the CDP Edward Nathan Sonnenbergs ASIATelephone +27 (11) 772water 8700 disclosure projects as we Baker & McKenzie Facsimile +27 (11) 772realise 8970 the importance of this Maitland & Co non-renewable resource. As a Werksmans Inc player in the outsourced services industry, Bidvest works with its Website customers towards minimising Bankers www.bidvest.com their water consumption. The Standard Bank of South Africa Limited Email [email protected] or Nedbank Limited [email protected] MIDDLE EAST Investec Bank Limited [email protected] HSBC Bank plc FirstRand Group Limited Bidvest call line Commonwealth Bank of Australia
    [Show full text]
  • TRANSFORMATION REPORT 2020 About This Report Tis Report Is Produced by Intellidex (Pty) Ltd
    TRANSFORMATION REPORT 2020 About this report Tis report is produced by Intellidex (Pty) Ltd 1st Floor, Building 3 Inanda Greens Office Park 54 Wierda Road West Sandton South Africa Email: [email protected] Web: www.intellidex.co.za Tel: +27 (0)10 072 0472 Disclaimer Intellidex was commissioned by the Banking While Intellidex believes all information in this report to be accurate, Intellidex makes no representations Association South Africa (BASA) to produce or warranties regarding the completeness, accuracy this report from data supplied from member or reliability of any information, facts, estimates, forecasts or opinions contained in this document. Te banks. information and opinions could change at any time without prior notice. Intellidex, its directors, officers, Te report reflects transformation in the staff, agents or associates shall have no liability for any loss or damage of any nature arising from the use banking industry and its progress towards of this document. achieving the targets set out in the Financial Sector Code. Copyright ©2021. Tis document is copyrighted to the Banking Te publication serves as a report to society Association South Africa. It may be distributed in on the contribution of the banking industry this form without prior permission, but prior written permission must be obtained before using the to the development of the country, and content in another form. as a platform for thought leadership on transformation. Acknowledgements: Project manager: Colin Anthony It aims to serve as an authoritative annual Data & analysis: Letta Maponyane reference book of data on banks and empowerment, complemented with a Design & layout: Eleonora Del Grosso narrative that analyses and explains trends in Subeditor: Heidi Dietzsch the statistics.
    [Show full text]