Bidvest Group
South African holding company
From Wikipedia, the free encyclopedia
Bidvest Group is a South African services, trading, and distribution company that owns a diverse set of businesses.
| |
 Bidvest Bank headquarters in Sandton | |
| Company type | Public company |
|---|---|
| JSE: BVT | |
| Industry | Conglomerate |
| Founder | Brian Joffe |
| Headquarters | , |
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) |
 R 10.73 billion[2] (2025) | |
| R 6.44 billion[2] (2025) | |
| Total assets | R 124.59 billion[2] (2025) |
| Total equity | R 41.41 billion[2] (2025) |
| Website | www |
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]