Bidcorp is an international broad-line foodservice group, listed on the South African JSE, and present in developed and developing economies on five continents.
Focused on foodservice, the business comprises a mix of well-established leading and rapidly growing market positions, offering significant future upside.
It is with confidence that Bidcorp acknowledges each individual member of our governing body, appreciative of their unique, robust contribution in leading Bidcorp ethically and effectively.
“Ethical leadership is exemplified by integrity, competence, responsibility, accountability, fairness and transparency.
Effective leadership is results-driven. It is about achieving strategic objectives and positive outcomes.
Effective leadership includes, but goes beyond, an internal focus on effective and efficient execution.”
King IV – defining leadership
Chairman's statement
Stephen Koseff
Chairman
In a generally supportive environment, Bidcorp grew its market share, achieved efficiencies and drew substantial benefit from its strategic focus on a foodservice industry that continues to flourish.
We take a positive view and see a world of opportunity. Dangers exist, but the group has the capacity to manage them, thanks to our broad geographical spread, closeness to individual markets and the experience of local teams.
Bidcorp remains well capitalised, with ample capacity to fund further organic and acquisitive growth. However, management is well aware of the necessity for balancing debt capacity with the need to assure appropriate returns to our investors.
United Kingdom is a market-leading foodservice and product distributor serving customers in the hospitality, institutional, catering and free-trade sectors.
Bidcorp in Europe is the leading foodservice distributor to the Horeca sector. Bidcorp has a world-class service offering and a diverse product range that meets the needs of its vast customer base.
Our 2018 story was dominated by the hard work of highly motivated Bidcorp people, but real excitement was generated by local teams as they differentiated Bidcorp in market after market as foodservice specialists who add value through insight and innovation.