Mandate and Objectives

About Blue IQ

Mandate and Objectives

The province deliberately designed the company to be a commercial enterprise that is able to stimulate certain sectors of the economy in a language to which the private sector is able to respond and in a manner in which its effectiveness can be measured by the private sector. Projects initiated by Blue IQ, have already changed the face of the province and unlocked potential in key growth and development areas.

Blue IQ has identified three main functions to guide its institutional arrangements and undertakings, the three main functions are:

Project Management Agent (conceive, design and construct). This ensures fast-track delivery of infrastructure and institutional arrangements with regard to the development and finalisation of projects.

Industry Support Catalyst. This involves playing a facilitating role in realising the true potential of industry support initiatives, by creating viable mechanisms for businesses to interact more successfully.

Asset Manager/Shareholder. This focuses on the commercialisation of projects that have reached maturity; thereby unlocking shareholder value, while enhancing the shareholders’ balance sheet. It also ensures that projects have a blend of economic and social deliverables, as it is incumbent on the company to focus on the general upliftment of the communities in which it operates and to directly create jobs.

Blue IQ has since its founding, made significant progress in designing and building its asset base in the identified key industries. A number of projects have been completed and handed over to the appropriate sectors of government, including the Department of Economic Development [DED] and relevant local government structures. Others are now subsidiaries of Blue IQ.

At its inception, Blue IQ Invested over R2, 8bn in various assets, which include the following:

Newtown Cultural Precinct and contributions to the development or refurbishment of – all of these companies have been handed over to relevant entities that now manage its operations.

Development