Bidvest Group Limited, The: Update of Key Credit Factors Following Conclusion of Sovereign Review
A detailed rationale for Bidvest's rating, highlighting the diversified businesses within South Africa, low leverage but with credit linkages to the South African economy.Bidvest is an investment holding company. Through its subsidiaries, Co. is engaged in operating in the services, trading and distribution industries. Co.'s business division comprised of: Bidvest Corporate, which provides, among others access to corporate finance, compliance, and strategic direction; Bidvest South Africa, which provides, among others: freight management, logistics services, terminal operations and marine services; Bidvest Foodservice, which is comprised of foodservice product distributors to catering, hospitality, leisure, bakery, poultry, meat and food processing industries; and Bidvest Namibia, which is focused on the fishing industry.
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