http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 15.03Change: -0.11
R/$ = 13.36Change: -0.06
Au 1144.25 $/ozChange: 10.50
Pt 1010.00 $/ozChange: -2.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Nov 25, 2011

CE optimistic about SA’s future

Back
Brian Joffe|Engineering|Africa|Education|Sustainable|Africa|Service|Services
|Engineering|Africa|Education|Sustainable|Africa|Service|Services
brian-joffe-anniversary|engineering|africa-company|education-company|sustainable|africa|service|services
© Reuse this



Although JSE-listed Bidvest Group is a decentralised business, this has ensured sustained growth in times of economic uncertainty, CE Brian Joffe tells Engineering News. The group’s core investment is in the trading, distribution and services sectors.

In sharing some of the secrets that have sustained the company’s success over its 22 years in existence and some of its future plans, Joffe says each of its 3 000-odd business units are given measurable targets to meet.

Each business has its own management and finanical teams to make it easier to meet these targets.

Joffe concedes that one of the challenges of being a diverse group is management, which is why Bidvest’s organisational process is decentralised. This is also why the group does not centrally manage any of its businesses.

“This philosophy gives us the flexi- bility of a small business, which benefits us as a big company financially,” he added.

This, in part, contributed to the group’s positive financial performance this year, despite the continued economic uncertainties facing many of the countries in which Bidvest Group operates.

Joffe asserts that the success of the company would not have been possible without the many contributors, ranging from its staff to its business partners.

“The depth of skills in Bidvest Group is significant and I am optimistic about the future of the company,” he says.

Meanwhile, in August, the group turned down unsolicited bids for the international food service division, saying it planned to expand the business through acquisitions in Egypt, Chile and the Baltics.
Bidvest has, in the past, said it recognised that this division could be separated from the rest of the group, as its true value was not fully reflected in the group’s share price.
SA Focus
Turning his focus to the South African market, Joffe expresses optimism about the local market’s growth potential, but highlights that education remains a major constraint to growth.

“We need to be able to deliver proper education for all, but especially to the previously disadvantaged,” he says.

Joffe asserts that South Africa must create a skilled labour force to enable it to create a sustainable economy.

Nevertheless, despite the challenges of operating in the local market, the tough trading conditions and low business confidence levels, Joffe says Bidvest remains committed to its businesses in South Africa.

“I have no doubts about the positive future outlook for South Africa. Bidvest has been here through the difficult times and I am sure we will remain here,” he states.

Further, he welcomes Minister in the Presidency Trevor Manuel’s assurances that government does not intend to nationalise South Africa’s mines or any other sectors.

Succession

Joffe says Bidvest has, over the past two years, embarked on succession planning for the future.

“We have been in the process of appoint- ing younger CEOs and the structuring and planning are all in place,” he tells Engineering News.

Edited by: Chanel de Bruyn
Creamer Media Senior Deputy Editor Online
© Reuse this Comment Guidelines (150 word limit)
 
 
 
 
 
 
 
 
Other Corporate Profiles News
SASOBIT An asphalt additive that reduces the viscosity and penetration, while increasing the softening point, of bitumen
With local road infrastructure gradually deteriorating, most bitumen and asphalt customers are likely to consider products, additives and mixes that could significantly extend the life of roads, says petrochemicals major Sasol. “Road-deterioration challenges could be...
MITIGATION ACTION The introduction of the bitumen reactor forms part of SprayPave’s measures to mitigate challenges such as the supply of different grades of bitumen
A bitumen reactor – the first of its kind in Africa, and the second of its kind in the world – that can, among other things, modify and enhance bitumen penetration grades for the local roads industry, will be one of the key products highlighted at this year’s...
KEY INTEREST About 500 delegates, 30 sponsors and 50 exhibitors are expected to attend the conference, which has also attracted international interest
The 2015 Conference on Asphalt Pavements for Southern Africa’s (Capsa’s) theme of technology delivering quality and value is intended to demonstrate the industry’s willingness to strive for value creation for all stakeholders through the delivery of excellence and...
More
 
 
Latest News
Updated 22 minutes ago South Africa’s growing energy crisis should be addressed through a well thought-through and phased programme that included economically feasible renewable-energy alternatives, nuclear energy and traditional fossil fuel-based sources, multidisciplinary engineering and...
Updated 29 minutes ago Financial advisory firm Deloitte has acquired Frontier Advisory to expand its business footprint in Africa. The company will now be known as Frontier Advisory Deloitte.
Updated 32 minutes ago New-vehicle sales in August dropped by 8.2%, to 51 055 units, compared with the same month last year. New-vehicle sales in the domestic market declined by 6.1% in July and 4.8% in June.
More
 
 
Recent Research Reports
Defence 2015: A review of South Africa's defence sector (PDF Report)
Creamer Media’s Coal 2015 report examines South Africa’s coal industry with regards to the business environment, the key participants in the sector, local demand, export sales and coal logistics, projects being undertaken by the large and smaller participants in the...
Real Economy Year Book 2015 (PDF Report)
There are very few beacons of hope on South Africa’s economic horizon. Economic growth is weak, unemployment is rising, electricity supply is insufficient to meet demand and/or spur growth, with poor prospects for many of the commodities mined and exported. However,...
Real Economy Insight: Automotive 2015 (PDF Report)
Creamer Media’s Real Economy Year Book comprises separate reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, gold, iron-ore and platinum sectors.
Real Economy Insight: Water 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Construction 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
Real Economy Insight: Electricity 2015 (PDF Report)
Creamer Media’s Real Economy Year Book has been divided into individual reports under the banner Real Economy Insight and investigates key developments in the automotive, construction, electricity, road and rail, steel, water, coal, gold, iron-ore and platinum sectors.
 
 
 
 
 
This Week's Magazine
Training company The Intelligence Transfer Centre will host the fourth yearly Environmental Crimes Conference at the Indaba Hotel, in Fourways, Johannesburg between September 9 and 10. Confirmed key regulatory bodies that will attend the event include the Department...
The government of Egypt has said it is ready to provide technical assistance to Malawi in the development of the Shire–Zambezi waterway, which is designed to link landlocked Malawi to the Indian Ocean by opening the two rivers for navigation. Egyptian ambassador to...
Kenya is finally set to start building a new multipurpose petroleum pipeline, after securing a $350-loan from a consortium of banks, including South Africa's Rand Merchant Bank. The other banks in the consortium are the Cooperative Bank of Kenya, Citibank's Kenya...
MARAIS VAN HEERDEN The owner/operator should be able to view the overall project design and progress made at any time
Three-dimensional (3D) engineering design models can now be viewed on tablets, which enable stakeholders to view the design without having to buy the design software used to create it, says engineering design firm 3DDraughting executive Marais van Heerden. The...
Ford’s newest offering in a long list of newcomers to the local market in the last two years is the B-Max multi-activity vehicle (MAV). The B-Max will play in the so called B-MAV segment, or the small MAV segment, currently dominated by Toyota’s Avanza, which sells...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96