The head of Bidvest achieved greater shareholder returns for the group than those of Bidcorp, which was previously the star performer
08 September 2022 - 05:00
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There are management teams, and then there is Bidvest. CEO Nompumelelo (Mpumi) Madisa stepped into the role mid-pandemic, in July 2020, and has steered the industrial conglomerate to a trading profit (R9.7bn) that is about equal to what the Bidvest group reported before it spun off Bidcorp, its mighty food services business, six years ago. That’s no mean feat, especially as Bidcorp was always regarded as the group’s prize asset. Yet it is Bidvest that has trumped Bidcorp in terms of shareholder returns. Plenty of reasons for the 42-year-old to celebrate.
Picture: REUTERS/PHIL NOBLE
A bad week for Meghan Markle
The kindest view to take of Meghan Markle, the deluded Duchess of Sussex, is that she might believe her own stories — that her baby’s life was in danger from a Cape Town fire, which the fire brigade knew nothing about, and equating her nuptials with the release of Nelson Mandela and dancing in SA’s streets. On one level, this is understandable: she needs to make a living from her own hype. But as one UK commentator remarked, part of the reason for her fall from grace, along with that of her husband, Prince Harry, is Meghan’s Olympian level of self-regard.
Support our award-winning journalism. The Premium package (digital only) is R30 for the first month and thereafter you pay R129 p/m now ad-free for all subscribers.
A good week for Mpumi Madisa
The head of Bidvest achieved greater shareholder returns for the group than those of Bidcorp, which was previously the star performer
A good week for Mpumi Madisa
There are management teams, and then there is Bidvest. CEO Nompumelelo (Mpumi) Madisa stepped into the role mid-pandemic, in July 2020, and has steered the industrial conglomerate to a trading profit (R9.7bn) that is about equal to what the Bidvest group reported before it spun off Bidcorp, its mighty food services business, six years ago. That’s no mean feat, especially as Bidcorp was always regarded as the group’s prize asset. Yet it is Bidvest that has trumped Bidcorp in terms of shareholder returns. Plenty of reasons for the 42-year-old to celebrate.
A bad week for Meghan Markle
The kindest view to take of Meghan Markle, the deluded Duchess of Sussex, is that she might believe her own stories — that her baby’s life was in danger from a Cape Town fire, which the fire brigade knew nothing about, and equating her nuptials with the release of Nelson Mandela and dancing in SA’s streets. On one level, this is understandable: she needs to make a living from her own hype. But as one UK commentator remarked, part of the reason for her fall from grace, along with that of her husband, Prince Harry, is Meghan’s Olympian level of self-regard.
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