ANALYSTS say that Bidvests decision to list its Foodservice and South African businesses separately is a sensible one. Most compellingly, Dirk van Vlaanderen, an investment analyst at Kagiso Asset Management, says it is the “most orderly way” for group CEO Brian Joffe to let go of the reins.
Bidvests decentralised structure has encouraged “strong divisional leadership”, Mr van Vlaanderen says.
This is most evident in Bernard Berson running Foodservice and Lindsay Ralphs heading up the South African businesses. It permeates all levels of management.
Mr Joffes deal-making skills and strategic thinking have been complemented with “excellent execution at the divisional levels”.
This means that both Foodservice and the South African operati…
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