Bidvest's headline earnings per share fell by 3.9 per cent in its first-half after new international accounting standards and a write-off of money owed by struggling South African Airways. Joining CNBC Africa to discuss that further is CEO of Bidvest, Lindsay Ralphs.
Conversations about South Africa’s economy will make headlines in the next few weeks as we have the State of the Nation Address as well as the budget speech this month. However, the challenges that lie ahead such as rating decisions, state owned entities, unemployment and corruption continues to yield South Africa’s economic prospects , so what is the way forward? Bidvest Chairman, Bonang Mohale joins CNBC Africa for more.
Yesterday Services, trading and distribution group Bidvest announced Bonang Mohale as the group's new Chairperson. The appointment is effective 29 November. Former CEO of Business Leadership South Africa & Chairman of Shell South Africa, Bonang Mohale joins CNBC Africa to discuss his new role.
Bidvest released a solid set of numbers from the year end-June. Bidvest increased trading profit by 3.5 per cent to R6.7 billion and HEPS by 9.8 per cent to 1 352.1 cents. Cost cutting was the name of the game, as a result gross profit were increased from 28.9 per cent to 29.8 per cent. CEO, Lindsay Ralphs joins CNBC Africa for more.
The founder of South African conglomerate Bidvest Group, Brian Joffe on Friday ended his relationship with the company he founded in 1988 after resigning as a non-executive director. Last year he stepped down...