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Bidcorp Corporate
Corporate
cost
(R55m)
2016: (R88m)*
Nigel
Boswell
Chief development officer
David
Cleasby
Chief financial officer
Bernard
Berson
Chief executive
Overview
Johannesburg-based Bidcorp Corporate
Services complements the work of
decentralised operational divisions through a
range of services, including:
■
■
access to corporate finance;
■
■
Bidfood brand support;
■
■
compliance;
■
■
executive training, oversight and
management of Group-wide financial
services;
■
■
investor relations and corporate
communications;
■
■
risk and sustainability issues; and
■
■
strategic direction.
The corporate centre adds further value
by identifying strategic and investment
opportunities while promoting experience
sharing across divisions and fostering
synergies and savings. Supported by a
finance team in the Isle of Man, Bidcorp
Corporate Services has developed an in-
house financial consolidation tool ensuring
smooth and efficient monthly consolidation
process of our globally diverse businesses
and internal reporting systems.
Bidcorp Corporate also houses the group’s
investments.
Bidfood Procurement Community (BPC)
Results were satisfactory. UK and European
purchasing opportunities are now being
pursued by a dedicated BPC staff member.
The supplier and product ranges continue to
broaden and the business is tracking well.
Number of
employees
26
2016: 23
* Pro forma results
Nkosi’s
Haven
One target
for corporate
assistance
is Nkosi’s
Haven in
Johannesburg,
a facility that
helps HIV+
mothers, their
children and
AIDS orphans.
Well-balanced meals and nutritional food
are vital for Haven residents. Funding
for ARVs and education is also needed.
Bidcorp assistance helps ensure these
needs are met.
Community projects
Female
employees
Male
employees
10
16
2016: 9
2016: 14
Sustainability
Our group corporate social investment,
driven from our head office in Johannesburg,
contributed R5,7m to local initiatives.
Decentralisation at Bidcorp is a platform for
local initiative in a host of areas, including
community support. However, local
commitment is complemented in specific
areas of need by strategic intervention from
corporate office in Johannesburg.
At a central group level in Johannesburg,
Bidcorp directly supports two keystone
projects, namely the ORT education, skills
and enterprise development project, to
whom we dedicated R1,25 million, and
Nkosi’s Haven, a child and mother HIV
and AIDS home, to whom we donated
R1,5 million.
DIVISIONAL REVIEWS
Annual integrated report 2017
Bid Corporation Limited
40