Bidvest founder Brian Joffe stepping aside and sees exciting future for business

Bidvest CEO will step down as soon as a deal to spin off its profitable food services unit is sealed. But he says he will stay closely involved.

I have a legacy involved with the people who work there, they are my friends and if they want me to help I will help.

Brian Joffe, CEO Bidvest

He is excited about the future of the company - and South Africa. The Group's planned deal to spin off and separately list the industrial conglomerate’s food business will provide the local Bidvest Group an opportunity to build and move into a new era he said.

Rebuilding, reorganising, regenerating - and innovating more importantly. I think Bidvest will have longevity which is really important to me. Most companies don't survive 13 years never mind 30.

Brian Joffe, CEO Bidvest

Listen to Brian Joffe describe how he created this company in the late 1980s - despite a time of enormous political instability below:

Things then were tough - and now we have something similar. And I don't think we should all despair. Good will come out of this.

Brian Joffe, CEO Bidvest

South Africans need to stop fighting with each other and weather the bad times.

Things are looking very bleak, but out of bleakness is opportunity and those who can see the opportunities out of the mist will be very successful. We need the political arena to stabilise. It's difficult to operate when we are arguing among ourselves. We need to pull in the same direction and I am sure we will. I hope the President backs up his words with actions.

Brian Joffe, CEO Bidvest

Now that he will have more time, Joffe will be rolling up his sleeves and working with Adrian Gore in the Co-investment Fund mentioned in the Budget Speech to help previously disadvantaged entrepreneurs.


Recommended

by NEWSROOM AI

702 welcomes all comments that are constructive, contribute to discussions in a meaningful manner and take stories forward.

However, we will NOT condone the following:

  • Racism (including offensive comments based on ethnicity and nationality)
  • Sexism
  • Homophobia
  • Religious intolerance
  • Cyber bullying
  • Hate speech
  • Derogatory language
  • Comments inciting violence.

We ask that your comments remain relevant to the articles they appear on and do not include general banter or conversation as this dilutes the effectiveness of the comments section.

We strive to make the 702 community a safe and welcoming space for all.

702 reserves the right to: 1) remove any comments that do not follow the above guidelines; and, 2) ban users who repeatedly infringe the rules.

Should you find any comments upsetting or offensive you can also flag them and we will assess it against our guidelines.

702 is constantly reviewing its comments policy in order to create an environment conducive to constructive conversations.

Read More
How to avoid business owner burnout (or how to overcome it if it’s too late)

How to avoid business owner burnout (or how to overcome it if it’s too late)

The Money Show’s Bruce Whitfield interviews Aurik Business Accelerator founder and small business guru Pavlo Phitidis.

5 ‘rules’ to consider when investing (and why cash is not king)

5 ‘rules’ to consider when investing (and why cash is not king)

The Money Show’s Bruce Whitfield interviews Galileo Capital Personal Financial Advisor Warren Ingram.

No more expired data! No more out-of-bundle rates!

No more expired data! No more out-of-bundle rates!

#DataMustFall, but this is a giant leap in the right direction. Bruce Whitfield interviews Stuff Magazine Editor Craig Wilson.

Christo Wiese sues Steinhoff for R59 billion

Christo Wiese sues Steinhoff for R59 billion

Companies in Wiese’s Titan Group lodged the claims, relating to investments made in Steinhoff. Bruce Whitfield interviews Wiese.

How to lose weight and get healthy without doing much at all

How to lose weight and get healthy without doing much at all

The Money Show’s Bruce Whitfield interviews FitChef founder Wayne Kaminsky.

Minimum wages are effective when economies are growing fast - Dr Iraj Abedian

Minimum wages are effective when economies are growing fast - Dr Iraj Abedian

Pan-African Investments and Research Services CEO Dr Iraj Abedian on what we should know about the impact of the minimum wage.

Popular articles
Why 96% of small businesses fail (and what to do about it)

Why 96% of small businesses fail (and what to do about it)

The Money Show’s Bruce Whitfield interviews Raiz Corp CEO Allon Raiz who reviews “The E-Myth Revisited” by Michael E. Gerber.

Why the PAC wants South Africa renamed Azania

Why the PAC wants South Africa renamed Azania

Pan Africanist Congress's Narius Moloto explains why it supports the name Azania, a word which he says has Arabic origins.

So what exactly is radical economic transformation?

So what exactly is radical economic transformation?

Wits associate professor of economics Christopher Malikane speaks to Azania Mosaka about the term that is being bandied about.

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

‘My worst fear is being 80 years old and poor’ – famed actor Dr. John Kani

"My earliest memory of money is my father saying, ‘Why do you want to do this thing? How are you going to feed the family?'"

Who is Advocate Tembeka Ngcukaitobi?

Who is Advocate Tembeka Ngcukaitobi?

The EFF lawyer stole the show during the state capture report court battle.

3 easy questions could bag you R2000!

3 easy questions could bag you R2000!

WIN R2000! But only if you can prove you're a whiz of the MTN Biz Quiz by answering the following three questions...