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'Shocker': Bidvest shares plunge as one of 'strongest soldiers' starts to feel the pain

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Bidvest CEO Mpumi Madisa.
Bidvest CEO Mpumi Madisa.
Image supplied

Shares in Bidvest crashed nearly 10% on Tuesday after the industrial conglomerate warned of a worse-than-expected first-quarter volume and margin crunch in some of its consumer-facing businesses.

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Rand - Dollar
18.52
+0.2%
Rand - Pound
23.23
-0.0%
Rand - Euro
19.93
+0.0%
Rand - Aus dollar
12.26
-0.3%
Rand - Yen
0.12
-0.1%
Platinum
966.10
0.0%
Palladium
950.00
0.0%
Gold
0.00
0.0%
Silver
0.00
0.0%
Brent Crude
82.96
-0.9%
Top 40
70,300
+0.5%
All Share
76,428
+0.5%
Resource 10
60,246
-0.2%
Industrial 25
107,200
+1.3%
Financial 15
16,554
-0.2%
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