JP Morgan buys $30 million in new shares of Mpumi Madisa-led Bidvest
The $30 million purchase reflects JP Morgan’s growing confidence in Bidvest’s leadership and operational strength across freight, services, and automotive sectors.
Bidvest
Bidvest, led by South African executive Mpumi Madisa, secures UK nod for Citron takeover
This marks a major step in Bidvest’s global expansion, strengthening its position in hygiene, facilities management, and distribution services.
Bidvest, led by South Africa’s Mpumi Madisa, announces $86.9 million dividend payout
Bidvest posts higher profit, declares $86.9 million dividend as strong cash flow, resilient demand, and disciplined strategy offset economic headwinds.
JP Morgan bets big on Mpumi Madisa-led Bidvest with $241 million stake acquisition
The banking giant invested R4.42 billion ($241.29 million) to secure a 5.03 percent beneficial stake in Bidvest.
Bidvest to sell banking business to Access Bank for $157.2 million
Bidvest Group to sell its stake in Bidvest Bank Holdings to Access Bank for $157.2 million as part of its financial services simplification strategy.
Meet Mpumi Madisa: First Black woman to lead a top-40 South African company
Her journey to the helm of Bidvest is a testament to resilience, ambition, and a commitment to excellence.
South African executive Gillian McMahon earns $1.2 million from Bidvest in 2023
This reflects a substantial 50.75-percent increase compared to her compensation package of R15.08 million ($0.8 million) in the preceding year.
South African executive Mark Steyn pockets $1.5 million from Bidvest in 2023
Steyn’s 2023 compensation package is 52.85-percent higher than the previous year’s package of R18.38 million ($0.96 million).