Altx-listed pan-African micro-financier Blue Financial Services has become the first company to be granted a Private Electronic Communications Network License Exemption from the South African communications regulator ICASA (Independent Communications Authority of SA).
This exemption, combined with the Spectrum Frequency License, will be used to implement a secure network that will allow Blue to service its clients more effectively through its more than 300 outlets across South Africa and in Africa.
Sam Brink, ICT eecutive for Blue, says:"These key business enablers will dramatically expand Blue's reach into the remote rural areas of South Africa, where ADSL or broadband connectivity doesn't exist.
"Our branch in Bergville, KZN is a perfect example, there's no internet connectivity and it takes a long time for loan applications to be processed and approved. This exciting new technological development will speed up this process and improve the quality of our service delivery."
ICASA's jurisdiction covers all nine provinces on South Africa. The Frequency Spectrum License will allow Blue to use VSAT technology to increase its coverage around the African continent. Gaining access to this level of technology will also contribute to a significant reduction in Blue's communication costs.
Brink adds: "The network rollout and satellite dish installations have commenced and shouldn't take more than six to eight months to complete ultimately ensuring that all Blue's branches are connected through live communications. The Blue community, especially those in remote areas where communications infrastructure is limited or lacking, should be better served."