Blue Financial Services Group : the perils of rapid expansion / Eulalie Metton & Thabo Mosala.
It was June 2010 and Dave van Niekerk, the CEO of micro-lending company Blue Financial Services (BFS), had just handed in his resignation. BFS, which listed on the Johannesburg Stock Exchange AltX in 2006, had in less than four years expanded its operations to 15 African countries from an original f...
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| Main Authors: | , |
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| Format: | Ebook |
| Language: | English |
| Published: |
[London] :
SAGE,
2016.
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| Series: | SAGE knowledge. Cases.
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| Subjects: | |
| Online Access: | SAGE |
| Summary: | It was June 2010 and Dave van Niekerk, the CEO of micro-lending company Blue Financial Services (BFS), had just handed in his resignation. BFS, which listed on the Johannesburg Stock Exchange AltX in 2006, had in less than four years expanded its operations to 15 African countries from an original five and employed more than 3000 people. During this time, however, the company had faced escalating problems that had resulted in a write-off of more than R1 billion and a share price - which had reached a high of 700 cents - dropping to 15 cents. This case study discusses this topic. |
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| Item Description: | Originally Published in: Metton, E., & Mosala, tome (2013). Blue Financial Services Group: The Perils of Rapid Expansion. WBS-2013-21. Johannesburg: The Case Centre, Wits Business School. |
| Physical Description: | 1 online resource : illustrations. |
| ISBN: | 1473964989 9781473964983 |