Broad-based black economic empowerment
We supply government enterprises, large industrial groups and the mining industry, all of whom are sensitive to the BEE status of suppliers. We support them by improving our own BEE scores while promoting BEE improvements in all businesses in our value chain. Our electronic procurement tool conducts a BBBEE status-check and helps suppliers improve their credentials. The provision of BEE supplier certificates has improved, resulting in a significant increase in preferential procurement spend.
Bidvest has a BBB BEE 2008 rating and is a level 5 contributor to BBBEE.
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Every South African Bidvest subsidiary has been asked to obtain an
individual rating under the Codes.
All South African businesses have submitted employment equity plans and received letters of compliance from the Department of Labour. A further review is scheduled for October 2009.
Various enterprise development initiatives are under way. Namsov capital and expertise support a joint venture with four small local fishing companies. Bid Auto supports 21 owner-drivers of parts delivery vehicles. Speciality has sold its delivery fleet to a small entrepreneur who carries out all Durban deliveries. Bidfreight runs an intermodal owner-driver scheme.
Bidvest's vision lies in the realm of possibility
“Bidvest people put in a resilient performance and the Group achieved a creditable result.”
statement
“We refuse to participate in the recession and salute our employees for their efforts in exceptionally difficult trading conditions.”