Nov 25, 2011
CE optimistic about SA’s futureBack
Brian Joffe|Engineering|Africa|Bidvest Group|Education|Africa|Chile|Egypt|South Africa|Diverse|Food|Brian Joffe|Baltics
© Reuse this
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.
“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.
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© Reuse this Comment Guidelines (150 word limit)
Other Corporate Profiles News
Giving Industry Air To those who use it, compressed air is a vital cog in their business. Whether in a factory, a hospital, a mine or any other environment, no matter how much compressed air is used, it’s always a critical commodity. “And that’s why our...
Goscor Power Products (GPP) has built an enviable reputation across a wide range of sectors, including construction, agriculture, mining and general industry where it distributes world-class products including pumps, generators, welders, firefighters, engines,...
When it comes to Mobile Elevating Work Platforms (MEWPs) there is little doubt about the professionalism and expertise of Goscor Hi-Reach MD George Landsberg and his team. “Since inception, our goal has been to be the preferred supplier of MEWPs in Southern Africa...
Updated 45 minutes ago Barend Petersen has been appointed nonexecutive director and chairperson of Evraz Highveld Steel & Vanadium. This comes after London-listed Evraz last week announced that it would sell a 34% stake in the steel producer to South Africa-based investor Macrovest, which...
Updated 1 hour 31 minutes ago Labour laws contributed to the prolonged, violent strikes the country has seen in various industries, the National Employers' Association of South Africa (Neasa) said on Wednesday. "While we agree that the current labour legislation is not a direct or the only driver...
Updated 2 hours 5 minutes ago The 100 days target of creating 1.5-million housing opportunities is set to build houses for the poor and open the housing market for those who cannot access home loans. Human Settlements Minister Lindiwe Sisulu said this, on Tuesday, when she briefed members of the...
Recent Research Reports
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
Real Economy Insight: Automotive 2014 (PDF Report)
This four-page brief covers key developments in the automotive industry over the past 12 months, including an overview of South Africa’s automotive market, trade figures, production and the policies influencing the sector.
Real Economy Insight: Construction 2014 (PDF Report)
This five-page brief covers key developments in the construction industry over the past 12 months. It provides an overview of the sector and includes details of employment in the sector, infrastructure and municipal spending, as well as insight into companies’...
Real Economy Insight: Electricity 2014 (PDF Report)
This five-page brief covers key developments in the electricity industry over the past 12 months, including details of State-owned power utility Eskom’s generation activities, funding and tariffs, independent power producers and prospects for the sector.
Real Economy Insight: Road and Rail 2014 (PDF Report)
This six-page brief covers key developments in the road and rail industries over the past 12 months, including details of South Africa’s road and rail network and prospects for both sectors.
This Week's Magazine
The Built Environment unit at the Council for Scientific and Industrial Research (CSIR) has developed a cost-competitive ultrathin concrete pavement surface that, for the upgrading of unpaved roads to paved roads, is more durable than many other pavement alternatives...
The Southern African Large Telescope (SALT), based at Sutherland in the Karoo region in the Northern Cape province, is promising to become an important instrument for research into dark matter. "SALT is shaping up to be very important for answering questions about...
The South African tool, die and mouldmaking (TDM) industry is being revitalised to locally produce the tools, dies, moulds and fixtures required by the manufacturing sector. Local TDM capability is key to enable the manufacturing industry to remain competitive, says...
Misfortune often finds its roots in the smallest of things. Such as a centimetre or two. Or is that in inch? Perhaps a foot? Swedish or Dutch? The French had reason to blush in May as it became apparent that national rail operator SNCF had ordered 2 000 trains that...
The repositioning of the Fibre Processing & Manufacturing Sector Education and Training Authority (FP&M Seta) and its business processes will ensure improved performance in reaching strategic targets and in providing customer service.