Bidvest Bank
Johannesburg,
South Africa
http://www.bidvestbank.co.za
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Bidvest Bank, a wholly owned subsidiary bank from the Bidvest Group limited and internationally trading services, is listed on the JSE which operates in three different continents. It started in 1998 when the Bidvest group acquired Rennies Foreign exchange. In 2000 Bidvest bank received full banking licence, and then in 2007, the Rennies Bank limited changed to Bidvest Bank Limited. Being a fully grown and experienced bank in the foreign exchange, fleet and assets finance arena, Bidvest has become market leaders in the industry .They have two leading brands in South Africa; Bidvest Group and Rennies Foreign Exchange. With more than 150 years’ experience and involvement in the Foreign exchange industry within Southern Africa, the group has built up knowledge and expertise to provide the best solutions .They focus on all major currencies through communicating with the global network. Bidvest currently has over 100 branches nationwide, that has 60 currencies worldwide. Renowned leading sellers of traveller’s cheques and foreign bank notes, offering a range of innovative pre-paid currency card supported by the international visa network.
Work for Bidvest Bank ? Have your say!
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"More work, less pay"
Added 17 Apr 2015 by a current employee
The knowledge you gain to work for this company is great, but that's about as far as it goes. There's no real benefit, because you don't get any benefits from them. The stress is really not worth the small salary package. They also discourage you from joining any trade unions because they have an internal team to deal with labour related issues, although the people aren't even trained in labour law and do not attend any labour conferences.
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"Lack of developing Black Branch Managers"
Added 17 Apr 2015 by a current employee
I was employed by Bidvest Bank for about 3 yrs. It became very clear that the are not prepared to develop black BRANCH Managers. One Indian female manager will manage at least 5 branches, yet you find that there is a handful of competent glorified supervisors that are actually running one of the branches. Out of all the branch managers only a quarter is actually qualified the rest are there because the know someone in management or because they are white. Also in branches you find that they employ people who don't have the necessary skills needed to be employed in a bank. But again because of nepotism or colour they get the job. If someone wants to earn a descent (not good) but descent salary you find that you need to move around the bank in different positions to get a minimum of 3% salary. Also the managers have favorism and are not truthful and ethical. In particular the call center manager. She will promise people superior positions only to not deliver when they sign on despite the commitment and performance they give. I was offered a position as a supervisor and I had to do a presentation to the hiring committee and I suggested a specific marketing plan target at a specific market to help grow and widen our market demographic, but before they could let me know I left for better prospects. Why doesn't the bank create individual branch managers? So that she can work her branch and develop it according to where the branch is? This would remove the pressure of one manager from managing 5 to 6 branches with different demographics. The bank cannot grow fast because it fails to have a relevant marketing strategy target at a specific demographic. As a result they loose customers because it would appear that they don't exactly know what they want and how to get that. Its as if they are pick-pocketing a plan without doing the necessary feasibility studies of who exactly they need to target. Foreign Exchange truly is their strength yet they don't make that much and they are missing on a whole pool of a market out there. Even their banking license has got trading limitations.... So honestly this bank need to get their ducks in a row and implement ways of growing and reaching a specific market that can put the banks name in the market. Mainly because many people be it low, middle or high income earners don't even know Bidvest Bank Exist. That's my 2cents worth... :-)
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"Short-staffed"
Added 03 Sep 2013 by a current employee
Being short-staffed, you have to work long hours and be able to tolerate difficult customers. The benefits include: free lunches every Friday.
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Bidvest Bank
