Operational review
 

Bidvest Freight
The leading private sector freight management group in sub-Saharan Africa, consisting of several independent businesses focusing on terminal operations, international clearing and freight forwarding, logistics and marine services.

     
 
R15,9 billion  
Revenue 14,5% decrease  
 
R794,3 million  
Trading profit 3,1% increase  
 
Revenue
(Divisional contribution %)
  Trading profit
(Divisional contribution %)
 
  Bidvest Freight
Health and safety
The sustainability issues that confront Bidvest Freight arise from the hazardous nature of some of the bulk commodities which presents a threat to the safety of the people involved and to a certain extent the environment. Good safety governance and commitment remains an area of focus throughout the businesses.
 
     
 
Highlights
  • Division does well in challenging trading conditions
  • Strong performance by bulk handling businesses
  • Major capex investments completed
  • Long-term leases successfully renegotiated with Transnet
  • Capacity expanded while staffing structures have been streamlined
  • Bulk Connections awarded the “Best Environmental Protection” award by the International Bulk Journals
  • Expenditure on programmes to combat HIV/Aids and create awareness increased by 77%
 
     
 
Financial indicators
(for the year ended June 30)
2010  
R’m  
  2009  
R’m  
Revenue 15 941,8     18 647,9  
Trading profit 794,3     770,7  
Operating assets 3 162,7     2 675,0  
Operating liabilities 2 090,0     1 811,4  
Depreciation 144,7     143,5  
Amortisation and impairments of intangible assets 9,1     11,0  
Goodwill and intangible assets   75,2     68,0  
 
     
 
Sustainable development indicator overview      
Employees 4 860     5 212   
Total training spend (R’000) 23 926     29 139(1)
Training spend per employee (R) 4 923     5 591(1)
Employees attending HIV/Aids training (%) 37,4     22,5   
Lost-time injury frequency rate 6,5     6,6   
Work-related fatalities (number) 2     4   
BEE procurement (R’000) 1 610 161     1 681 646   
CSI spend (R’000) 4 937     3 866   
Enterprise development spend (R’000) 15 688     36 783   
Total water usage (litres ’000) 332 477     292 006(2)
Total electricity usage (kWh ’000) 49 836     63 692(2)
Petrol (litres) 542 642     874 689   
Diesel (litres) 6 081 342     5 720 253   
Total carbon emissions (tonnes) 71 757     80 947(2)
Carbon emissions per employee (tonnes)  14,8     15,5(2)

(1) 2009 restated to include learnerships
(2) Restated

     
 
  QUICK LINK: Historic divisional sustainable development data