New shareholder takes over at Blue

Mayibuye had initially planned to start implementing turnaround strategies at Blue by the end of August, but announced on Friday that CEO Johan Meiring had been authosrised to start a raft of strategies to bring the company back to profitability.

The company said this was because latest figures had revealed that Blue would incur another loss in the six months to August, a situation which warranted full attention than the present arrangement where Blue was being run by an interim CEO.  Previous CEO, Dave van Nieberk resigned after his position became untenable when Mayibuye agreed to rescue the company.