Bidvest's profits jump as it sees signs economy is recovering

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Bidvest's profits jump as it sees signs economy is recovering
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Record maize exports and rising demand for vehicles helped grow trading yields almost a quarter

Bidvest, whose interests span a range from cleaning services to vehicles and freight management, says it is seeing signs SA's economy is returning to normality, with trading profit jumping almost a quarter in the six months to end-December.

The group is optimistic that demand and economic recovery is gathering momentum, reporting a 12.9% rise in revenue to R50.2bn to end-December, with its freight business boosted by record maize exports...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

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