An alleged undocumented Congolese was appointed by the BMF, which is still reeling from rape charges against its suspended president
A small business is accusing a Bidvest-affiliated company of turning its partnership one-sided
Hundreds of KFC outlets remained shut in the the UK due to a supply crisis after the company changed delivery partners
Fake news about each factions — and their strategies to take down the competitions — abound at #ANC54
A statement released by the Competition Commission, SAFIA and its members "agreed to charge soccer players and coaches a standard 10% commission fee".
The healthcare company has posted a loss in the wake of a failed stock offer.
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The South African local currency is expected to continue strengthening as low volatility and high returns attract investors.
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The drawn-out battle for Adcock now sees CFR’s offer for Adcock now facing resistance from the PIC, which says the offer is not up to scratch.
A day after putting in an offer to acquire part of Adcock Ingram, Bidvest is taking the company to court over an "unlawful" guarantee.
Drugmaker Adcock Ingram says the $1.2-billion takeover bid from CFR Pharmaceuticals is still the best option, despite Bidvest’s offer.
A Chilean group’s $1.2-billion bid for Adcock Ingram has been challenged by a court action from Bidvest.
Bidvest has put in a R4-billion offer for pharmaceuticals company Adcock, countering that of Chilean company CFR Pharmaceuticals.
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A senior team is already in place at Bidvest, tasked with filling the gap that will be created by chief executive Brian Joffe’s departure.
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Chile’s largest drugmaker will decide within weeks whether to make a binding offer for Adcock Ingram Holdings.
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Adcock Ingram, SA’s largest supplier of hospital products, may gain a further 12% from a 30-month high after it got takeover offers.
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Bidvest Bank says its decision to cap fees at R72 a month does not signal a price war with the big four banks in South Africa.
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/ 17 February 2012
Brian Joffe had everyone eating out of his hands. He was the perfect mix of irreverent, funny and informative.
The conglomerate remains an investor favourite but its size also counts against it.
Bidvest will buy 14.59% of Icelandic Water Holdings for $13.5-million, the Icelandic spring water producer has said.
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/ 28 February 2011
South African industrial conglomerate Bidvest booked a 9,1% rise in half-year profit.
Bidvest posted a 15% rise in full-year profit on Monday as stronger demand for cars and food services offset unfavourable swings in currencies.
Bidvest Group said the World Cup was likely to boost earnings by a modest 1% to 2% as the number of expected visitors undershot previous estimates.
South African industrial group Bidvest posted a 9% rise in first-half profit, helped by cost cuts and a strong performance from its Asia-Pacific unit.
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/ 20 November 2009
A reported 35% pay hike for McCarthy CEO Brand Pretorius was the result of an ”administrative error”, parent corporation Bidvest said on Friday.
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/ 26 October 2009
South African industrial group Bidvest debuted on the Namibian Stock Exchange on Monday, raising N,6-million, the company said.
The Bidvest Group posted a 12,9% drop in full-year headline earnings per share, partly due to one-off costs from restructuring.
Bidvest reported an 8,9% fall in first-half headline EPS due to expenses linked to closing or revamping underperforming motor and UK food units.
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/ 29 September 2008
Bidvest said on Monday it will reconsider its R9-billion bid for Nampak after the packaging company said its offer for 25% of its shares was too low.
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/ 4 September 2008
Services group Bidvest, Africa’s biggest company by revenue, plans to acquire between 20% to 30% of shares Nampak, Bidvest said on Thursday.
The all-share index has been buoyed by resources, but there is no hiding the carnage.
Heavyweight counters on the JSE’s resource and mining indices pulled back sharply on Thursday morning, as commodity prices started to lose ground, traders said. The slump in commodity prices forced the JSE’s broader all-share index to pull back 3,23% by noon.
The JSE remained in the black by noon on Wednesday, with a trader explaining that the United States Federal Reserve’s rate cut was adding buoyancy to the market. "The Fed’s rate decision, which saw rates decline from 3% to 2,25%, is still adding buoyancy to the JSE," he said.