Established in 1998, Letshego Holdings has grown from being a consumer lending entity to the fully fledged financial services company it is today. With a market presence in six African countries, Letshego Holdings sought to add Mozambique to their collective thereby highlighting their need for an innovative and like-minded technology partner with a very distinctive characteristic – the ability to operate in Portuguese.

Ké Concepts (PTY) Ltd, more than comfortable with leading from the front, were wholly up to the challenge and welcomed the opportunity to institute a multilingual facet into their CreditEase software.

Africa is offering excellent opportunities for investment. Not just for overseas investors, but for local South African-based companies who are ideally positioned to leverage proximity and experience in the African landscape.

This expansion comes with a certain degree of risk. Companies may be reluctant to channel large amounts of capital to build infrastructures in untested markets. However, the provision of good quality services is often reliant on the availability of these infrastructures.

Further expanding on successful collaborations with government development agencies within South Africa, Ké Concepts were honoured to be granted the KwaZulu-Natal Growth Fund tender in the first quarter of 2011.

Established in 2007, the KZN Growth Fund is a Public-Private Partnership between the KZN Provincial Government, the Development Bank of South Africa (DBSA), Standard Bank Limited and the Infrastructure Finance Corporation (INCA). By partnering with these influential financiers, this R1.1billion long term debt fund aims to create an enabling environment for sustainable economic development, job creation and broad-based black economic empowerment.

Africa as a continent is on the up and up.  With many sectors showing good recovery from the recent economic slump, consumer spending in particular is picking up.  This has created a need for quality credit management solutions as individuals seek to improve circumstances and take advantage of optimistic economic climates. 

Local credit providers and established micro financiers are faced with certain challenges inherent to operating in Africa.  Connectivity is not always up to scratch.  Getting the right infrastructures in place to provide a stable and reliable service can be expensive and time consuming.  The remoteness of some locations can make it difficult to penetrate effectively into certain areas and provide acceptable service levels.