UK-listed Experian to buy SA credit bureau
Experian generates revenues in SA of about $40m
London-listed information services company Experian will buy SA credit bureau Compuscan, which is chaired by former FNB CEO Michael Jordaan, for R3.7bn. “By combining forces with Compuscan, we will be better positioned to serve the people and businesses of this region and be an enabler of growth in consumer and business credit, identity management and financial inclusion,” Experian CEO Brian Cassin saidon Monday. “This is an important transaction for our business in SA and will provide opportunities more broadly across the African continent,” Cassin said. Founded in 1994, Compuscan provides credit information and decision analytics in SA and seven other markets in sub-Saharan Africa. The company also provides marketing services and recently launched a free credit report service for consumers. Experian said Compuscan holds credit information on 26-million people and 200,000 businesses in SA, equating to about 56% of the population. “The combined customer bases will also be highly com...
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