Nov 25, 2011
CE optimistic about SA’s futureBack
Brian Joffe|Engineering|Africa|Bidvest Group|Education|Sustainable|Africa|Chile|Egypt|South Africa|Diverse|Food|Service|Services|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
Aerosud’s flagship company Aerosud Aviation has come a long way since 2000, when the company’s diversification into commercial aviation as a manufacturer and supplier of parts and accessories to Boeing and Airbus started in earnest. The company succeeded in winning...
Aerosud programme aimed at empowering lower-paid employees To quality as a broad-based black economic empowered (BBBEE) company in terms of the BBBEE Amendment Act, 2013, Aerosud is placing the focus on putting suitable mechanisms in place to enable its lower-paid...
Aerosud, South Africa’s leading aeromechanical parts manufacturer, has restructured its operations as part of a strategy aimed at ensuring continued strong growth. The restructure, put into effect in June, is directed at strategically positioning and financially...
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
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 road...
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.
This Week's Magazine
The international Square Kilometre Array (SKA) radio telescope – which is to be jointly hosted by South Africa and Australia with, later, outstations in other countries – may not yet exist, but international scientific working groups are already deciding what...
A free Web-based solar power plant capacity-planning tool offers project planners and developers, as well as governments, a means to assess the solar energy potential of thin-film solar PV power over an area of land. The tool was developed by thin-film solar...
As yet, no specific methodology, timeline or costs have been finalised to remedy the water ingress, excessive to contractual specifications, into the Gautrain tunnel between emergency shaft two (E2) and Park Station, says Bombela Concession Company technical and...
The “seriously disruptive” electricity outages in South Africa have cost packaging group Astrapak more than R2-million in “irrecoverable downtime costs”, the company said on Monday, adding that the power cuts were negating some of the benefit of energy saving...
Bakkies and more affordable cars dominated South Africa’s new vehicle market in 2014. Unaudited data from the Department of Trade and Industry (DTI) shows that South Africa’s most popular vehicle in 2014 was the Toyota Hilux, selling 37 562 units.
Next ArticleGoscor Power Products powering on