Blue ditches unsecured lending in SA

Botswana Stock Exchange (BSE) listed microlender, Blue Financial Services has announced that it will stop unsecured lending in its home market, South Africa


In a statement, the company says that its South African division, Blue SA, would now largely focus on “asset rehabilitation”.  “The company believes that this is the best route to take under the current economic climate in South Africa, and is also in line with the overall business strategy of the group of tailoring the product offering for each individual territory,” said the company in a statement.

Editor's Comment
Women unite for progress

It underscores the indispensable role women play in our society, particularly in building strong households and nurturing families. The recognition of women as the bedrock of our communities is not just a sentiment; it's a call to action for all women to stand together and support each other in their endeavours.The society's aim to instil essential principles and knowledge for national development is crucial. By providing a platform for...

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