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Blue Financial Services

Introduction

Blue was a leading microfinance institution in Africa. Headquartered in Pretoria, South Africa, the Group operated in 14 African countries with a treasury hub in Mauritius. The Group offered ethical and innovative financial services through more than 400 branches to Africa’s gainfully employed yet underbanked and underserved population.

The Group was established in South Africa in 2001. Blue was listed on the AltX of the JSE Limited and the Botswana Stock Exchange. Blue’s operations were defined by:

  • return on shareholder investment;
  • defined, measurable, positive social impact; and
  • corporate governance procedures aligned to international best
About Blue

Group History

Blue Timeline

Mr. Dave Van Niekerk was appointed CEO of Blue Financial Services Ltd (“Blue”) on 1 October 2005, shortly before its conversion to a public company on 30 November 2005. After Blue’s listing on the Johannesburg Alternative Stock Exchange (’’JSE’’) on 12 October 2006, Mayibuye Group, controlled by Johan Meiring, acquired a controlling stake in Blue Financial Services Ltd in April 2010. This led to advanced negotiations on a subscription agreement, a Debt Rescheduling Agreement (“DRA”), and a claims acquisition by Leonox Investments, funded by Old Mutual.

On 31 July 2010, Mr. Van Niekerk resigned as CEO and from all subsidiary directorships, ending his involvement with Blue.

In October 2010, the Mayibuye Group invested R163 million, committed R500 million in loan funding, concluded the Claims Agreement, and finalised the DRA. Since then, Meiring has managed Blue and its subsidiaries.

Timeline

Country Overview

Blue Financial Services established a strong footprint across Africa, with branches strategically located to serve communities and clients in multiple countries. Our presence reflected our commitment to making financial services accessible throughout the continent.
  • 164
    South Afica
  • 4
    Lesotho
  • 3
    Eswatini
  • 15
    Botswana
  • 12
    Namibia
  • 10
    Malawi
  • 10
    Tanzania
  • 6
    Kenya
  • 13
    Uganda
  • 1
    Rwanda
  • 2
    Cameroon
  • 29
    Nigeria
  • 4
    Ghana

Media Articles

Explore featured articles and media coverage highlighting Blue Financial Services’ journey, impact, and presence across Africa
Media Articles