Deal may give Investec an opportunity to grow in the import services area and broaden its offering to existing clients INVESTEC has acquired full ownership of import and working capital specialist Blue Strata, it said on Monday.The deal should give Investec an opportunity to grow in the import services area and broaden its offering to existing clients.Adam Orlin, a co-founder of Blue Strata, said it handled every aspect of imports on behalf of its clients, including forex services, movement of cargo and storage.Blue Strata had in the region of 200 clients and processed about R7bn in transactions for them, Mr Orlin said. The sale to Investec would give Blue Strata access to the capital and infrastructure it needed to grow."We will leverage Investec’s huge knowledge from its credit and client base, as well as the IT and other systems where payments can be automated," Mr Orlin said.Although Blue Strata’s focus was on SA, there were opportunities in the rest of Africa in the medium to l...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.