Bidvest

Industrial giant Bidvest has seen its trading profit decline by almost 20% after it incurred R1.6 billion Covid-19 related charges.On Monday, in its annual results for the year ending 30 June 2020, Bidvest announced its trading profit had decreased from R6.6 billion in 2019 to R5.34 billion due to the pandemic. The group decided did not…

Bidvest is weighing its options on the possible sale or closure of its car rental business as it struggles to recover from the impact of the Covid-19 pandemic.“Given the dire reality facing our industry and the expected significant volume reductions in the travel and tourism sector, we must recognise that our business is not protected…

Bidvest Wits squad (Gallo Images) The biggest open secret in South African football has been made official after Bidvest Wits finally confirmed they have reached an agreement for the sale of their franchise to Tshakhuma Tsha Madzivhandila (TTM).This was done by virtue of a statement to the press on Thursday morning, although the sale still…

Wits coach Gavin Hunt (Gallo Images) Bidvest Wits have sold their Premier Soccer League (PSL) status, according to new owners Tshakhuma Tsha Madzivhandila Football Club."It is official. Tshakhuma Tsha Madzivhandila Football Club has completed the sale of Bidvest Wits with all its players," the club posted on its official Twitter page late on Saturday.TTM FC…