Bluespec
Sector:
Infrastructure
Shareholding:
25.1%
Rationale for the investment:
To strategically participate in the services sector
In 2017, WIPHOLD acquired a 25.1% stake in Bluespec, a holding company for specialist businesses in the motor industry, and particularly, the motor insurance procurement value chain. Bluespec’s stable of companies include well known brands such as FirstGroup, Renew It, Auction Nation, Daytona and Wealee. WIPHOLD’s contribution lies in its experience, knowledge and skills to support Bluespec’s economic transformation initiatives and goals, supporting its value proposition to the short-term insurance industry.
USB Executive
Development
Sector:
Education
Shareholding:
16.3%
Rationale for the investment:
To strategically participate in the services sector
WIPHOLD has a 16.3% shareholding in USB Executive Development, the executive education arm of the University of Stellenbosch Business School. In 2001, the Business School decided to consolidate its shorter programmes and to deliver executive education via one contact point. Since then, USB-ED has since structured its services into open programmes, corporate partnership programmes, leadership and organisational development, and consulting.