The story
Bidvest was founded in 1988 by Brian Joffe, and listed on the JSE Limited in 1990. The Bidvest Group Limited has a corporate office in Johannesburg, South Africa.
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.
In 2017, Bidvest Group employed over 132,000 people.
In December 2024, Bidvest Group sold subsidiary Bidvest Bank to Access Bank South Africa, a local subsidiary of Nigerian banking group Access Bank. The deal had a total value of R2.8 billion.
From Wikipedia’s article on Bidvest Group, shared under CC BY-SA 4.0.4
