Bidvest Group Ltd. (JSE:BVT) is a leading South African conglomerate with business operations in financial services, automotive dealerships, electrical equipment, and freight services, among others. Shares rose in the fourth quarter after the company reported steady earnings growth despite a tough macro environment in South Africa. We are optimistic about Bidvest’s long-term prospects due to its defensive, diversified, asset-light businesses that are, in our view, operated by a best-in-class management team. (Anuj Aggarwal)
From Baron Emerging Markets Fund fourth quarter 2016 commentary.
