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BACKGROUND. Capricorn Investment Holdings ( Botswana) (Pty) Limited is an investment holding company for a dynamic group of diversified services companies.CIH Botswana (Pty) Ltd is a Botswana incorporated company registered in March 2002. The company holds controlling interest in Bank Gaborone Lim
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1. Botswana Financial Service ConferenceWednesday 8th May 2007By Louis Beukes Managing Director
2. BACKGROUND Capricorn Investment Holdings ( Botswana) (Pty) Limited is an investment holding company for a dynamic group of diversified services companies.
CIH Botswana (Pty) Ltd is a Botswana incorporated company registered in March 2002.
The company holds controlling interest in Bank Gaborone Limited , the Micro Finance and Broking group Penrich Employee Benefit and further holds 50% stake in SmartSwitch Botswana with the world leader in smart cards NET-1 U.E.P.S
The group holds a strong belief that a meaningful ownership of CIH Botswanas operations should vest with Botswana citizens. To this end, the National Manual Workers Union already hold 10% of the Penrich Employee Benefits group.
3. VISION Capricorn Investment Holdings (Botswana) Vision is to become a leading diversified financial service group in Botswana and to play a role in the economic growth and development of Botswana.
4. BOARD OF DIRECTORS
J. C Brandt Executive Chairman
L. J Beukes Managing Director
P. K Balopi Director
G. N Sekandi Director
J.J Swanepoel Director
L.J.L van Vuuren Director
5. GROUP STRUCTURE
6. BANK GABORONE
Capricorn Investment Holdings Limited (CIH), a leading Namibian financial services group and owner of Bank Windhoek Limited, took a strategic decision in 2002 to expand its banking operations into the SADC region.
Board of CIH Namibia took the view that Botswana was the most appropriate country in which to commence the groups cross border expansion programme.
Bank Gaborone Limited is a wholly owned subsidiary of Capricorn Investment Holdings (Botswana) (Pty) Limited in which CIH holds 88.55% interest.
7. Milestones
BoG reserves Botswana Limited, applied for a banking license in 2004.
Bank of Botswana conducted a series of inspections both at Bank Windhoek and at the proposed Bank Gaborone offices between the time of application and May 2005 when a temporary banking license was issued.
Bank Gaborone Limited was issued with a full commercial Banking license on the 1st February 2006.
The final go ahead to open our first branch was given in August 2006 and we opened it on the18th September 2006.
8. CITIZEN EMPOWERMENT
Its Bank Gaborones intention to have at least 45% of shareholding to citizens
Combination of institutional, individual, woman Group and organized labour.
9. SmartSwitch Botswana SmartSwitch Botswana was formed in 2006 to introduce both financial and non-financial products through the application of smart card technology to those excluded from main stream banking.
Successful deployment of smart cards technology would facilitate the payment of value from employers and payment system owners.
SmartSwitch Botswana are in joint venture between Capricorn Investment Holdings ( Botswana) and Net-1 Limited, with equal shareholding.Net-1 is the developer of its patented universal electronic payment system (UEPS).
Net-1 provides the technological know how and backup to SmartSwitch Botswana and has been integrally involved in the setup and launch of the company
10. SmartSwitch Botswana Cont.
. SmartSwitch Botswanas vision is to deploy a universal electronic payment system that effects and manages a variety of financial and non-financial smart card applications designed to improve access to cash for the under-banked and unbanked population of Botswana.
SmartSwitch seeks to offer the citizens of Botswana access to financial services and products, irrespective of whether they reside in urban, semi-rural or deep rural areas irrespective of the income levels.
The primary purpose of SmartSwitch Botswana is to deliver an alternative method to affordable banking to citizens regardless of the Financial position.
11. PENRICH GROUP The founders of the Penrich Group recognized this need and founded a financial service offering in partnership with a leading union. As such the National Manual Workers Union 10% of the shares of Penrich Employee Benefits group.
The Penrich Group comprises of:
Penrich Employee Benefit
Penrich Insurance Brokers
Peo
Ezee Financial Services
12. PENRICH EMPLOYEE BENEFITS
Penrich Employee Benefits is a Botswana-based company, established in 1999, that was awarded the first and exclusive deduction code by the Accountant General through the Department of Public Finance to provide term loans to industrial class workers in Botswana. The Company has contract with a number of Botswanas major labour unions, government organisations and non-government organisations for the provision of financial services, mainly unsecured loans to their members and employees.
Distribution and Staff Compliment
Penrich Employee Benefits currently has 5 branches nationwide with a staff compliment in excess of 70 full time employees as well as 20 brokers.
Gaborone (Head office)
Palapye
Francistown
Maun
Lobatse
13. PENRICH EMPLOYEE BENEFITS PRODUCTS AND SERVICES Products and Services
Penrich Employee Benefits provide term lending to a specific market, the products Includes
Existing products
Short Term
Phone-A-Loan (existing clients only)
Personal Loans
Market Segment
- Manual Workers Union Members
- Industrial Class
- Private Organization with which there is a deduction agreement
14. PENRICH INSURANCE BROKERS
Penrich Insurance Brokers provides a full range of both life and short term insurance products to existing and potential clients.
Penrich Insurance Brokers is recognized brokers for the following Insurance Companies;
Botswana Life
Regent Life Botswana
Regent Insurance Botswana
General Insurance Botswana
Eagle Insurance Botswana
Botswana Insurance Company
15. PENRICH INSURANCE BROKERSCont
Group schemes such as Funeral, Legal, Hospital and Savings products are targeted at the Manual Workers Union as well as the industrial class and private organisations with which there is a deductions agreement.
PIB currently has 55000 members represented through the various products offered.
16. PEO MICRO
In September 2002, Penrich Employee Benefits purchased Peo Micro (PTY) LTD. Peo Micro provides loans to the Government Permanent and Pensionable market.
Products on offer include short Term Loans, Top-Up loans for existing clients and Peo Elite.
Distribution and Staff Compliment
Peo Micro currently has 4 branches nationwide with a staff compliment of 10 full time employees as well as 10 brokers.
Lobatse
Gaborone (Head office)
Palapye
Francistown
Maun
17. PEO MICROCont
Existing Products
Short term loans
Top up ( existing clients only)
Peo Elite
Ezee Financial Services will act as a broker for both Penrich and Peo.
18. CONCLUSION
QUESTIONS
THANK YOU!!!!