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Long4Life acquires beverage producer Chill

By: Natasha Odendaal     28th November 2017 JSE-listed Long4Life has acquired beverage producer, packer and distributor Chill Holdings from Chill’s management, Africa Beverage Ventures and Raubenbe, for at least R452-million, after deducting net debt of R182-million. The transaction, effective from the locked-box date of July 1, 2017,... 

Long4Life posts maiden H1 profit

By: Natasha Odendaal     27th October 2017 JSE-listed Long4Life has come out of the starting blocks with a “good beginning” and plans to start paying dividends from the 2018 financial year – less than a year after its April listing on the Johannesburg bourse. Unpacking the group’s inaugural interim results, founder and CEO Brian Joffe... 

Hedderwick resigns as Long4Life COO

By: Anine Kilian     6th October 2017 Kevin Hedderwick has resigned as COO and executive director of JSE-listed Long4Life to pursue personal interests. Hedderwick, who was previously CEO of Famous Brands, joined Long4Life in May. 

Long4Life to buy beverage packaging business for up to R360m

By: Creamer Media Reporter      23rd August 2017 Investment holding company Long4Life will acquire Inhle Beverages, a contract packaging business in Gauteng, for up to R360-million in cash and shares. Inhle, which is based in Heidelberg, specialises in the canning and bottling of carbonated soft drinks, mineral water and energy drinks. It is... 

Joffe’s Long4Life to acquire Sportsmans, Outdoor Warehouse

By: Samantha Herbst     25th July 2017 Business mogul Brian Joffe’s new investment holding company, Long4Life, which recently debuted on the JSE, has announced its intention to acquire local cash retailer Holdsport, which trades as Sportsmans Warehouse and Outdoor Warehouse. With Long4Life’s offer being implemented by way of a scheme... 

South African Brian Joffe's Long4Life buys a beauty salon chain

By: Reuters     14th July 2017 Brian Joffe, one of South Africa's most respected dealmakers, will buy a beauty salon chain, his new company Long4Life said on Friday, marking a return to the acquisition trail for the billionaire founder of industrial conglomerate Bidvest Group. The cash-and-share deal would be the second... 

Long4Life appoints Hedderwick COO

By: Natasha Odendaal     22nd May 2017 JSE-listed Long4Life has appointed Kevin Hedderwick COO and executive director, effective immediately. Hedderwick, who was previously CEO of Famous Brands, joins several other business stalwarts at Brian Joffe’s newly established and recently listed lifestyle investment company. 

Joffe successfully lists new Long4Life venture on JSE

By: Natasha Odendaal     7th April 2017 Business stalwart Brian Joffe, who emerged from retirement in pursuit of a new business opportunity, on Friday listed his latest venture, Long4Life, on the main board of the Johannesburg bourse. Known as the “sage of Johannesburg”, the Long4Life founder and CEO, who recently stepped down from... 

Bidvest can tap $1bn for deals outside South Africa

By: Bloomberg     3rd February 2017 Bidvest Group is seeking deals outside its South African home market and could borrow as much as $1-billion for acquisitions after it spun off its food-services unit last year, its CEO said. 

Ratings decision vindicates govt, labour and business efforts – CEOs 

By: News24Wire      28th November 2016 The decision by Fitch to retain South Africa’s sovereign credit rating at its current level – although with a rating outlook change – is a vindication of the efforts by government, labour and business over the past year to negotiate and undertake structural reforms to drive faster, more... 

Business incubation can play key role in stimulating and sustaining small firms 

By: Mia Breytenbach     29th April 2016 One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the economy to expand by better than... 

Business incubation can play key role in stimulating and sustaining small firms

By: Mia Breytenbach     29th April 2016 One of the key messages to emerge ahead of the review of South Africa’s sovereign credit rating is that the country needs to outline the practical actions it will take to reignite growth, which has more or less petered out in recent years, with few expecting the economy to expand by better than... 

Bidvest unbundles food services unit; BidCorp eyes May listing

By: Natasha Odendaal     14th April 2016 As international services, trading and distribution firm Bidvest worked to spin off its food services unit, the new Bid Corporation (BidCorp) planned to make its JSE debut on May 30. In a transaction valued at R2.8-billion, Bidvest planned to dispose of all of the shares in Bidvest Food Africa,... 

Unbundling of Bidvest Food service aims to create focused growth platform

By: Mia Breytenbach     11th March 2016 The unbundling and separate listing of JSE-listed Bidvest’s Foodservice will be “a great opportunity” for the business to refocus, expand its international footprint and continue its growth path, states founder and outgoing CEO Brian Joffe. Successful completion of the proposed transaction for... 

Bidvest founder to offer portion of business to entrepreneurs

By: News24Wire      10th March 2016 Bidvest Group founder Brian Joffe plans to give a portion of the business to dedicated entrepreneurs, Deputy Minister of Trade and Industry Mzwandile Masina said on Wednesday. "A number of people have already applied and officials are already looking into it," he said of the company Joffe founded... 

Bidvest lifts H1 earnings, despite challenging markets; Joffe to step down as group CEO

By: Mia Breytenbach     29th February 2016 Notwithstanding “a backdrop of challenging market conditions, particularly in the Southern African region”, JSE-listed Bidvest’s headline earnings a share rose 13% to R10.02c, while basic earnings a share rose 7.8% to 930.9c for the six months to December 31. Headline earnings rose 14.7% to... 

Adcock reshuffles management

By: Natasha Odendaal     12th November 2015 Following on the momentum gained from several strategic initiatives over the past two years to arrest and reverse plunging earnings, pharmaceutical company Adcock Ingram has reshuffled its board. With the embattled group preparing for its “next phase of growth”, current lead independent director... 

Bidvest restructures into three operating companies

By: Natalie Greve     7th October 2015 The Bidvest group is streamlining its business structure into three distinct and independent companies, each with its own statutory board of directors comprising senior executive management and independent directors, describing the move as an effort to improve management focus, identify... 

Barend Niemand

     27th March 2015 Main activity of the company: Distribution of test and measurement equipment Date and Place of Birth: Pretoria, June 22, 1969 Education: BCompt and EDP diploma, University of South Africa First Job: Auditors articled clerk Career History Prior to Current Position: I completed my articles in 1992... 

Food division drives H1 profit gain for Bidvest

By: Natalie Greve     2nd March 2015 International investment holding company Bidvest has lifted headline earnings a share by 5.2% to 886.3c for the six months ended December 31, helped by an “excellent” contribution from the group’s Foodservice business and positive currency effects. Bidvest CEO Brian Joffe told investors on Monday... 

Nick Faasen

     13th February 2015 Main Activity of the Company: Negotiating and managing collective agreements in the civil engineering industry, as well as preventing and resolving labour disputes and administering various social security funds Date and Place of Birth: January 8, 1955, Johannesburg Education: T III (technical... 

Bidvest appoints Barclays, Investec to examine possible London listing of food division

By: Natalie Greve     11th September 2014 After announcing earlier this month that it would evaluate the potential benefits of listing its food service operations on the LSE, consumer goods group Bidvest has appointed Barclays Bank and Investec Bank to carry out preliminary investigations to determine the merits of a possible London... 

Bidvest moves to list food division on London bourse following ‘satisfactory’ year

By: Natalie Greve     1st September 2014 Appraising a financial year characterised by an “increasingly disruptive” strike-hit fourth quarter, service, trading and distribution company Bidvest CEO Brian Joffe has described the company’s overall results as “satisfactory”, buoyed somewhat by a strong showing from the Bidvest Foodservice... 

John Smithyman

     13th June 2014 Main Activity of the Company: Weldamax supplies welding equipment and consumables Date and Place of Birth: February 8, Surrey, UK Education: Michaelhouse, matric, 1978; Rhodes University, BCom, 1982; Rhodes University, CTA, 1983; CA (SA), 1984; Revans University, US, MSc (business leadership),... 

Adcock Q2 profit under pressure

By: Leandi Kolver     19th March 2014 Pharmaceuticals company Adcock Ingram on Wednesday announced that its gross profit as a percentage of sales remained under “extreme pressure” during the second quarter of the 2014 financial year as a result of the unfavourable revenue mix, the rand depreciation of more than 20% of its basket of... 

Chris Botha

By: Martin Zhuwakinyu     14th March 2014 Position: MD of Aveng Grinaker-LTA Main Activity of the Company: Aveng Grinaker-LTA is a multidisciplinary construction and engineering group anchored in South Africa, with experience and expertise spanning a number of market sectors, including public infrastructure, power, commercial, retail,... 

Bidvest delivers higher interim earnings, increased acquisitions

By: Natasha Odendaal     27th February 2014 JSE-listed Bidvest posted “pleasing” results in an interim period marked by higher-than-usual acquisitive activity, Bidvest CEO Brian Joffe said on Thursday. The service, trading and distribution company reported 19% higher revenue and trading profit for the six months to December, with positive... 

Bidvest’s Joffe to chair Adcock

By: Natasha Odendaal     26th February 2014 Bidvest CEO Brian Joffe has been appointed nonexecutive chairperson of pharmaceuticals group Adcock Ingram after Bidvest and the Public Investment Corporation (PIC) demanded the resignation of nonexecutive director and chairperson Dr Khotso Mokhele. Mokhele resigned last week after Adcock... 

Bidvest attempts R4bn second bid for 34.5% stake in Adcock, threatens legal action

By: Natasha Odendaal     2nd December 2013 JSE-listed Bidvest has moved to challenge Chile’s CFR Pharmaceutical’s R12-billion offer to buy out 100% of pharmaceuticals group Adcock Ingram with a multibillion-rand offer for a 34.5% stake in Adcock. Following an unsuccessful R6.2-billion bid to raise its stake in Adcock to 60% earlier this... 

Weaker rand opens way for new risks and opportunities, says Joffe

By: Irma Venter     6th September 2013 Trade, distribution and services group Bidvest has reported a 15% jump in revenue, to R153.4-billion, for the financial year ended June 30. Profit for the year was up 6.6%, at R5.05-billion. Bidvest Europe and Bidvest Asia Pacific made the biggest contributions to these positive numbers, on the... 

Bidvest profit breaches R5bn, talks of likely inflation spike in SA

By: Irma Venter     26th August 2013 Trade, distribution and services group Bidvest on Monday reported a 15% jump in revenue, to R153.4-billion, for the financial year ended June 30. Profit for the year was up 6.6%, at R5.05-billion. Bidvest Europe and Bidvest Asia Pacific made the biggest contributions to these positive numbers, on... 

Bidvest’s Brandcorp acquisition falters, on hunt for new chair 

By: Natasha Odendaal     4th March 2013 The acquisition of Brandcorp by diversified industrial group Bidvest from Ethos Private Equity had dissolved after the required conditions precedent were not met. Bidvest CEO Brian Joffe said on Monday that the deal, which should have been completed by June 30, would not be pursued by mutual... 

Mumbai airport disposal pushes Bidvest interim earnings lower 

By: Natasha Odendaal     4th March 2013 Diversified industrial group Bidvest on Monday reported a rise in normalised earnings for the six months to December 2012; however, a one-off profit from the partial sale of Bidvest’s investment in Mumbai International Airport dragged down earnings for the period. Normalised headline earnings a... 

Bidvest eyes growth opportunities in rest of Africa

By: Idéle Esterhuizen     27th August 2012 Diversified industrial group Bidvest would focus on organic growth in the next financial year, but its longer-term focus would shift to a mix of organic and acquisitive growth, as it seeks opportunities in Africa. Divisional chief executive Lindsay Ralphs said on Monday that Bidvest had modified... 

Bidvest invests R18m into UCT-pioneered heart valve concept

     2nd July 2012 JSE-listed trading and distribution group Bidvest on Monday announced that it is to invest R18-million into a University of Cape Town- (UCT-) pioneered heart valve concept with the potential to save countless African lives every year. Southern Access Technologies Holdings (SATH) and Southern... 

Construction exposure to pay off once infrastructure spend gets going - Joffe

By: Irma Venter     16th March 2012 The Bidvest Group saw revenue for the six months ended December 31 increase by 15.1%, to R67.3-billion, compared with the same period in the previous financial year. Trading profit jumped 14.9% to R3.2-billion, while margins were maintained at 4.8%.  

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