Empowerment rating 2008
Bidvest, a level 5 contributor, with an unconstrained operational capacity, has a “BBB” empowerment rating from Empowerdex.
The ratings agency downgraded Bidvest's national long-term rating from AA-(zaf) to A+(zaf) and maintained the Group's short-term rating at F1(zaf). A+(zaf) ratings denote a strong credit risk relative to other issuers in the same country.
JSE Social Responsibility Investment Index
Based on an assessment of the Group’s policies, performance and reporting on economic, social and environmental sustainability, the JSE has reaffirmed Bidvest as a founding constituent of the SRI Index. Bidvest ranked within the top 21 performers out of 103 listed companies included in the research. The index is the first of its kind in an emerging market and the first to be launched by a stock exchange.
Carbon Disclosure Project 2008
The United Nations-sponsored Carbon Disclosure Project provides investors with information about carbon emissions and climate change exposure of the world’s major corporations. Bidvest’s disclosure was measured in the top 10 in its category.
Forbes Global 2000 – the world’s 2 000 largest public companies
Forbes Global 2000 is a list of the world’s largest and most influential companies in terms of US dollars based on a composite ranking which includes sales, market value, assets and profits. Bidvest is currently ranked 1 102nd.
FTSE/JSE Africa Index Series ranking
In the June 2009 FTSE/JSE Africa Index Series quarterly review, Bidvest was ranked 24th in both the FTSE/JSE All Share Index and Top 40, 8th in the FTSE/JSE Industrial 25, with a total market capitalisation of R32,5 billion.
Morgan Stanley International Emerging Market Index 2009
Bidvest is considered to have a 90% free float for the MSCI SA Index and a weighting of 2%.
WBS management excellence award
The Business School of the University of the Witwatersrand awarded Brian Joffe the management excellence award for 2008. The award is made to those who have demonstrated a combination of distinctive leadership ability, ethics and commitment to the challenges of society.
Business Day corporate website awards
Bidvest achieved 2nd place for their 2008 interim results and 3rd place for the best corporate website category.
Ask Africa Trust Barometer 2008
The 2008 Ask Africa Trust Barometer, run in conjunction with Finweek magazine, voted Bidvest as the “most trusted company in entrepreneurial/founder companies”; 7th overall among the 375 companies measured; 1st in the industrials and chief executive Brian Joffe the 2nd most trusted CEO.
Campbell Belman company confidence predictor
Bidvest performed well with its ratings across the total of 28 characteristics ensuring a ranking in the top order of Industrial companies; also placed in the top order of “company basics”, “people” and “ethics”.
In “company basics” Bidvest has the confidence of the market in “makes effective use of capital” and “shows good judgement in acquisitions or joint ventures” and in the face of a general decline of most companies in “maintains a reassuring balance between risk and return” it has held its position.
As for “people” it has strengthened its position in “is a well managed company” and “impressed with the quality of its people” and is in the top three companies for having “an effective chief executive”.
In “ethics” Bidvest does well to be among the top three companies in “is reputable, honest and trustworthy” and “lives up to promises – company results match expectations”. Again in “communications” Bidvest has performed well for “chief executive is a straight talker” and “communicates well with the investment community”.
Importantly in an era of labour unrest the company shows relative strength in “has a good record of labour relations” in the “social relations” category of characteristics.
Within “future prospects”, it is encouraging that Bidvest is a top performer in “is alert to new ideas to improve profitability”.