Industrial conglomerate Bidvest, whose interests span cleaning services to freight management,
“We prioritised the health and wellbeing of our employees in the face of the continued pandemic and maintained a healthy financial position through strong cash generation,” said CEO Mpumi Madisa. The group had also “digested the significant PHS acquisition while delivering value-added services and products into a changed operating environment,” Madisa said.
The group also said it had gained market share in certain commercial products, such as workwear and do-it-yourself-tools, items that were hit hard during SA's lockdown. New and used vehicle sales declined 22% and 15%, respectively, while aftermarket activity has recovered to about 85% of pre-Covid-19 levels, Bidvest said on Friday.
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