PERFORMANCE OVERVIEW

Operational review BIDVEST NAMIBIA
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Sebulon Kankondi Chief executive

DIVISIONAL CONTRIBUTION TO
BIDVEST NAMIBIA REVENUE

Two operational units – BidFish, focused on the fishing industry and BidCom, the commercial services and products business engaged in freight management and logistics, travel services, office automation, office and stationery supplies, foodservice and the distribution of fast moving consumer goods. BidFish operates one of Africa’s most modern and best-resourced fishing fleets and has a high reputation for quality delivery into Namibian and pan-African markets. Horse-mackerel is a point of focus, but NamFish’s range also includes canned fish, oysters and other products. Operational companies within BidCom have Namibia-wide reach and are leaders in their respective sectors. Bidvest Namibia is listed on the Namibian Stock Exchange.

“Accountable management teams maintain strong focus on customers and marketplace opportunities. Changes were well accepted by our employees and strong morale underpinned improved BidCom performance. Our future performance is dependent on key issues such as biomass management and skills development as well as fuel and energy efficiencies.”

Sebulon Kankondi
Chief executive

Highlights and challenges

Expanded fishing fleet contributed to strong performance buoyed by large catches
Recovery of biomass and rising total allowable catch
Strengthened management teams
Strong employee morale underpinned improved BidCom performance
Slow reponse from foodservice business to competitor attack disappointing
Challenging rental car environment