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Blue Financial Services Ltd logo
Blue Financial Services Ltd website
www.blue.co.za
Blue Financial Services Ltd
Dave van Niekerk
CEO: Dave van Niekerk
Operations Executive: Christo Klopper (Acting)
Legal Director: Wessel Smit
Financial Director: Grant Chittenden
Marketing & Communications Executive: Christopher Mulder
Human Resources Executive: Tanya Roberts
Corporate Finance Executive: Euné Engelbrecht
Corporate Relations Executive: Morné Reinders
Corporate Social Investment Executive: Elsabe Veldman
Physical Address Building 10, 107 Haymeadow Street, Boardwalk Office Park, Faerie Glen, Pretoria 0081
Postal Address PO Box 27401, Lynnwood Ridge, Pretoria 0040
Tel (+27 12) 990 8400
Fax (+27 86) 637 6033
Email blue@blue.co.za
Website www.blue.co.za
 
 
Blue Financial Services is a pan-African financier with a double bottom line business model. The Group not only concentrates on unlocking shareholder value, but also on social upliftment on the continent. Blue currently serves approximately 400 000 customers through 163 branches in 11 African countries with 1 790 staff. Blue believes in empowering its clients through the provision of ethical and responsible financial services products. The group firmly believes in re-investment of its successes into the communities it serves through various corporate social investment initiatives.
Blue’s primary listing is on the JSE Limited in South Africa (share code BFS) and is also dual-listed on the Botswana Stock Exchange (share code BLUE).
Blue’s stated intent: To be the leading and largest financial services provider on the African continent.
Blue’s commitment: To achieve its stated intention by providing innovative products tailored to the needs of its clients, supported by service excellence.
This will be made possible through cutting-edge technology and a branch infrastructure that serves its clients even in the most remote locations.
 
(1). Founded in 2001 (2). A staff complement of 1 790 (3). Company values include providing the best service; lending responsibility; unparalleled professionalism; and embracing teamwork (4). Enjoys a turnover in excess of R282-million (5). CSI initiatives include the upgrading of various care-giving institutions, as well as donations and support, i.e. the Kungwini Welfare Organisation Sports development
 
 

STATISTICS / DEMOGRAPHICS / HISTORY
Year founded: 2001
Founding members: Dave van Niekerk, Riaan Swart
Employees: 1 790
Branches: 163

NATURE OF BUSINESS
Activity: Unsecured loans to under-banked and under-served employed individuals
Products/services offered: Home improvement loans, bonded housing finance, small business finance, salary advances, personal loans, pension and provident fund-backed home loans, education loans, consolidation loans, cellular products and insurance products


BUSINESS & FINANCE
Turnover: R282-million
Operating profit: R65-million
Net profit: R62-million
Financial year-end: 28 February
Holding company: Blue Financial Services Limited
Bank: Absa
Auditors: PKF (Pta) Inc.
JSE listing and date: 12 October 2006
Foreign listing and date: Dual-listed on the Botswana Stock Exchange (BSE) on 15 May 2008
Current customer base: 400 000 – employed low income earners across Africa who cannot access main stream financial services due to the small loan amount they require, lack of a credit record or loan collateral
Equity investors: International Finance Corporation (IFC), American International Group (AIG), Investec, Stanlib, Emerging Capital Partners (ECP)

TRAINING & CSI
Training programmes: Training opportunities and an integrated learning experience to employees; Secect management candidates from all countries are fast tracked through Blue’s Advance Training (BAT) programme; group training initiatives
CSI initiatives: Environmental / conservation education and assistance; support to flood victims in Zambia; and assists small enterprise entrepreneurs to establish viable businesses, among many