The Bidvest Group Limited ANNUAL INTEGRATED REPORT 2012
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Operational review BIDVEST CORPORATE

 

 

Johannesburg-based Bidvest Corporate complements the work of decentralised operational divisions through a range of services, including: strategic direction, access to corporate finance, compliance, investor relations and corporate communications, Bidvest brand support, executive training and oversight and management of Group-wide financial, risk and sustainability issues. The corporate centre adds further value by identifying strategic and investment opportunities while promoting experience sharing across divisions and fostering synergies and savings. Bidvest Corporate also houses certain Group investments.

Bidvest Properties manages the Group’s property portfolio and is currently undertaking a number of large-scale projects on behalf of Bidvest businesses.

 

 
Highlights and challenges  
  • Disposal of half of the economic interest in MIAL for a profit of R399,1 million
  • Bidvest Properties completed a new KZN regional office and distribution centre for Waltons  
  • Corrective action taken at Ontime Automotive following losses in certain parts of the business  

 

Material issues and risks  
  • Management focus remains on cost control, working capital management and generating returns on funds employed  
  • Talent attraction and retention are critical to long-term growth  
  • Transformation efforts continue  
  • Employee health, safety and wellness a focus area  
  • Reducing environmental impacts, particularly carbon emissions  

 

Financial performance

 
   

Environmental performance

QUICK LINK: GHG inventory
http://www.bidvest.com/ar/bidvest_ar2012/007.php
   

Social performance

 
QUICK LINK: Comparative sustainability data and operational review
http://www.bidvest.com/ar/bidvest_ar2012/008.php