Despite our comatose economic reformers, SA Inc is far from dead — witness the killer interim numbers from industrial giant Bidvest
It’s not often you see a JSE Top-40 share rally 15% in a day, as Bidvest did this week. Clearly, SA Inc is far from dead despite the body blows delivered by interminable power cuts, municipal disarray and the feeble attempts at economic reform under Cyril Ramaphosa’s presidency. Bidvest stock is now almost 25% higher, year to date; over three years the total return to shareholders sits at 56%.
On a 14% rise in first-half revenue to R57.2bn, Bidvest managed to wring out higher trading profit and dividend growth, up 15%. The FM spoke to CEO Mpumi Madisa.A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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