1 / 17

Botswana Financial Service Conference Wednesday 8th May 2007 By Louis Beukes Managing Director

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

fiachra
Download Presentation

Botswana Financial Service Conference Wednesday 8th May 2007 By Louis Beukes Managing Director

An Image/Link below is provided (as is) to download presentation Download Policy: Content on the Website is provided to you AS IS for your information and personal use and may not be sold / licensed / shared on other websites without getting consent from its author. Content is provided to you AS IS for your information and personal use only. Download presentation by click this link. While downloading, if for some reason you are not able to download a presentation, the publisher may have deleted the file from their server. During download, if you can't get a presentation, the file might be deleted by the publisher.

E N D

Presentation Transcript

    1. Botswana Financial Service Conference Wednesday 8th May 2007 By 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 Botswana’s 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 group’s 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 Gaborone’s 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 Botswana’s 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 Botswana’s 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 BROKERS Cont… 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 MICRO Cont… 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!!!!

More Related