Edition:
United States

Bidvest Group Ltd (BVTJ.J)

BVTJ.J on Johannesburg Stock Exchange

19,683.00ZAc
20 May 2019
Change (% chg)

-266.00 (-1.33%)
Prev Close
19,949.00
Open
20,000.00
Day's High
20,154.00
Day's Low
19,663.00
Volume
1,389,039
Avg. Vol
1,084,623
52-wk High
22,458.00
52-wk Low
17,200.00

Latest Key Developments (Source: Significant Developments)

S. Africa's Reserve Bank Says Prudential Authority Imposes Administrative Sanctions On Bidvest Bank
Friday, 15 Mar 2019 11:10am EDT 

March 15 (Reuters) - S. AFRICA'S RESERVE BANK::S. AFRICA'S RESERVE BANK- PRUDENTIAL AUTHORITY IMPOSES ADMINISTRATIVE SANCTIONS ON BIDVEST BANK LIMITED.S. AFRICA'S RESERVE BANK- SANCTIONS WERE IMPOSED BECAUSE WEAKNESSES WERE IDENTIFIED IN BIDVEST BANK’S PROCESSES TO COMPLY WITH FIC ACT PROVISIONS.S. AFRICA'S RESERVE BANK- ADMINISTRATIVE SANCTIONS IMPOSED ON BIDVEST BANK ARE A FINANCIAL PENALTY OF R5.25 MILLION.S. AFRICA'S RESERVE BANK-BIDVEST BANK COOPERATING WITH PA, TAKEN NECESSARY MEASURES TO ADDRESS IDENTIFIED COMPLIANCE DEFICIENCIES, CONTROL WEAKNESSES.  Full Article

Bidvest Says JPMorgan Chase & Co's Stake Now Amounts To 5.06%
Friday, 8 Mar 2019 08:00am EST 

March 8 (Reuters) - Bidvest Group Ltd ::JPMORGAN CHASE & CO NOTIFIED COMPANY THAT SUCH ACCOUNTS UNDER ITS MANAGEMENT HAVE INCREASED THEIR HOLDING IN COMPANY.JPMORGAN CHASE & CO'S TOTAL INTEREST IN COMPANY NOW AMOUNTS TO 5.06% OF TOTAL ISSUED SHARES OF COMPANY.  Full Article

Bidvest Names Mpumi Madisa as CEO Designate
Monday, 4 Mar 2019 05:45am EST 

March 4 (Reuters) - Bidvest Group Ltd ::BIDVEST APPOINTS CHIEF EXECUTIVE - DESIGNATE.BIDVEST BOARD HAS DEEMED IT TIMEOUS AND APPROPRIATE TO TODAY APPOINT MPUMI MADISA AS CHIEF EXECUTIVE - DESIGNATE.LINDSAY RALPHS WILL CONTINUE AS GROUP CHIEF EXECUTIVE UNTIL 2021 FINANCIAL YEAR.  Full Article

Bidvest HY HEPS Up 9.6 Pct To 629.1 Cents Per Share
Monday, 4 Mar 2019 12:07am EST 

March 4 (Reuters) - Bidvest Group Ltd ::BIDVEST GROUP LTD - HY HEPS UP 9.6% TO 629.1 CENTS PER SHARE.BIDVEST GROUP LTD - INTERIM DIVIDEND OF 282 CENTS PER SHARE.BIDVEST GROUP LTD - HY NORMALISED HEPS 635.7 CENTS PER SHARE.BIDVEST GROUP LTD - HY REVENUE 40.0 BILLION RAND VERSUS 39.9 BILLION RAND.BIDVEST -CONTINUES TO HOLD INVESTMENTS IN ADCOCK INGRAM (38.5%), COMAIR (27.2%), MUMBAI AIRPORT (6.75%), OTHER LISTED AND UNLISTED INVESTMENTS.BIDVEST GROUP LTD - PROGRESS ON BIDVEST FREIGHT'S R1.0 BILLION LIQUIFIED PETROLEUM GAS PROJECT IS ON SCHEDULE.BIDVEST GROUP - CORE COMPETENCIES & DRIVERS OF CO REMAIN FIRMLY INTACT AND EXPECT THAT CONTINUED GROWTH WILL BE ACHIEVED IN FINANCIAL YEAR.BIDVEST GROUP LTD - DISPOSAL OF OUR STAKE IN MIAL IS PROGRESSING.BIDVEST GROUP LTD - MANAGEMENT REMAINS COMMITTED TO NON-CORE ASSET DISPOSALS, BUT ONLY AT FAIR VALUE.  Full Article

S.A. Competition Tribunal Approved Bidvest Freight-Sebenza Merger Without Conditions
Friday, 14 Dec 2018 06:41am EST 

Dec 14 (Reuters) - S.A. COMPETITION TRIBUNAL::S.A. COMPETITION TRIBUNAL - UNCONDITIONALLY APPROVED MERGER BETWEEN TC GROUP LLC, APOLLO AVIATION HOLDING.SA'S COMPETITION TRIBUNAL- APPROVED BIDVEST FREIGHT-SEBENZA FORWARDING AND SHIPPING MERGER WITHOUT CONDITIONS.  Full Article

Bidvest Says All Divisions Achieved Trading Growth YTD
Wednesday, 28 Nov 2018 03:30am EST 

Nov 28 (Reuters) - Bidvest Group Ltd ::JSE: BVT - VOLUNTARY TRADING UPDATE: FOUR MONTHS TO OCTOBER 2018.BIDVEST - YTD OPERATING PERFORMANCE SOLID NOTWITHSTANDING SLUGGISH ECONOMIC GROWTH, POLITICAL INSTABILITY, WANING BUSINESS CONFIDENCE IN SOUTH AFRICA.BIDVEST GROUP LTD - ALMOST ALL DIVISIONS ACHIEVED TRADING RESULT GROWTH YTD.  Full Article

S.Africa's Competition Commission Recommends Approval Of Barrick-Randgold Deal
Monday, 29 Oct 2018 06:57am EDT 

Oct 29 (Reuters) - S.Africa's Competition Commission::S.AFRICA'S COMPETITION COMMISSION - RECOMMENDED TO TRIBUNAL THAT BARRICK'S PROPOSED DEAL TO BUY RANDGOLD BE UNCONDITIONALLY APPROVED.SA'S COMPETITION COMMISSION- APPROVED, WITHOUT CONDITIONS, THE PROPOSED TRANSACTION WHEREBY WALT DISNEY CO INTENDS TO ACQUIRE 21CF.S.AFRICA'S COMPETITION COMMISSION - UNCONDITIONALLY APPROVED BIDPAPER'S PROPOSED DEAL TO BUY ALUMINIUM FOIL CONVERTERS.SA'S COMPETITION COMMISSION- APPROVED THE MERGER WITHOUT CONDITIONS WHEREBY SONY INTENDS TO ACQUIRE EMI.S.AFRICA'S COMPETITION COMMISSION - RECOMMENDED TO TRIBUNAL THAT DISCHEM'S PROPOSED DEAL TO BUY QUENETS & BRANDWACHT BE UNCONDITIONALLY APPROVED.  Full Article

Bidvest Financial Services Buys Cannon Asset Managers
Thursday, 11 Jan 2018 03:20am EST 

Jan 11 (Reuters) - Bidvest Group Ltd ::ACQUIRES CANNON ASSET MANAGERS.‍CANNON WILL OPERATE AS SEPARATE BUSINESS IN BIDVEST FINANCIAL SERVICES DIVISION.  Full Article

Bidvest Financial Services acquires majority shareholding in FinGlobal
Tuesday, 21 Nov 2017 03:04am EST 

Nov 21 (Reuters) - BIDVEST FINANCIAL SERVICES: :ACQUIRED A MAJORITY SHAREHOLDING IN FINANCIAL MIGRATION SERVICES COMPANY, FINGLOBAL.  Full Article

Bidvest to satisfy solvency and liquidity test after financial help​
Thursday, 12 Oct 2017 10:05am EDT 

Oct 12 (Reuters) - Bidvest Group Ltd :‍IMMEDIATELY AFTER PROVIDING SUCH FINANCIAL ASSISTANCE, COMPANY WOULD SATISFY SOLVENCY AND LIQUIDITY TEST​.  Full Article

UPDATE 2-South Africa's Bidvest confirms Madisa as CEO-in-waiting

* Bidvest shares down 0.07 pct to 211.46 rand at 1350 GMT (Recasts with CEO designate)