R109,8 billion


2,3% decrease

R5,6 billion

Trading profit

8,1% increase

1 070,0 cents

Headline earnings per share

15,1% increase

R8,0 billion

Cash generated by operations

18,3% increase

432,0 cents

Distributions per share

13,7% increase






Summarised analysis of Group earnings on constant currency

The average rand exchange rate strengthened against both sterling (14,47 in 2009 to 12,05 in 2010) and the euro (12,35 in 2009 to 10,60 in 2010). On a constant average currency basis (which restates the current income statement using the previous year’s average exchange rate) revenue would have been up 4,2% (reported: down 2,3%), trading profi t would have been up 11,9% (reported: up 8,1%) and HEPS would have been up 19,3% (reported: up 15,1%).


The Bidvest Group Limited

Incorporated in the Republic of South Africa
Registration number: 1946/021180/06
ISIN: ZAE000117321
Share code: BVT


MC Ramaphosa

Independent non-executive
DDB Band, LG Boyle*, MBN Dube, S Koseff, NP Mageza, D Masson, JL Pamensky, NG Payne, Adv FDP Tlakula

AA Da Costa (alternate LJ Mokoena), FJ Barnes*, RM Kunene,
T Slabbert

B Joffe (Chief executive), BL Berson**, MC Berzack, DE Cleasby,
AW Dawe, LI Jacobs, P Nyman, SG Pretorius, LP Ralphs, AC Salomon

(*British      **Australian)


Company secretary

CA Brighten

Share transfer secretaries

Link Market Services South Africa (Pty) Limited
11 Diagonal Street, Johannesburg, 2001
South Africa

PO Box 4844, Johannesburg, 2000
South Africa

Registered office

Bidvest House, 18 Crescent Drive
Melrose Arch, Melrose, Johannesburg, 2196
South Africa

PO Box 87274, Houghton,
Johannesburg, 2041
South Africa

Contact details

Telephone +27 (11) 772 8700
Facsimile +27 (11) 772 8970
e-mail info@bidvest.co.za or  

Further detailed information regarding our Group can be found on the Bidvest website: