OTHER FINANCIAL SOLUTIONS
Investment Call Account:
With our partner bank, earn an attractive return on your surplus cash, which is readily accessible whenever you need it, with no notice period. Minimum investment of R1 000. Very attractive tiered interest rates.
We can provide Point of Sale (POS) terminals that can be linked to an account of your choice, enabling you to receive same-day value for all VISA and MasterCard Credit and Debit card transactions. Provided that your terminal is linked to your Bank account with our partner bank, and that payments are received by us before 19h00, funds will reflect in that Bank account on the same day. Businesses that has been running for over 24 months also qualify for a cash POS loan. You will receive 24/7 technical support via our technical support centre and on-site technical support.
Online FX system:
Today’s fast moving business environment demands your organization remains responsive and ahead of trends.
Import/Export Trade Finance:
As a company involved in foreign trade you will face many financial and logistical challenges in both the funding and landing of your goods in South Africa.
Your trade finance challenges will include:
• The financing of the goods:
as your supplier will most likely want part or full payment before shipment and you will only receive cash from your clients much later
• The movement of goods:
you will require shipping, marine insurance, and forwarding and clearing in order to land and deliver the goods to your warehouse
• Exchange rate risk:
by the time your goods have landed, the exchange rate may have changed dramatically, negatively influencing your input costs
In order to address all these challenges, we can, through our partner banks provide you with complete peace of mind to manage an end to end solution for your imports, financing of goods through our Trade Finance offering, booking forward exchange cover, all the way to actually collecting and delivering your goods through our Logistics service provider.
Selling goods on credit terms, for 30, 60 or 90 days, is a universally accepted business practice. However, it can exert extreme pressure on an entrepreneur’s cash flow. Our banking partner’s Debtor Finance offering allows you to access the cash tied up in your debtors’ book, because we provide a cash advance of up to 80% of its value.
The bank discounts credit sales for clients to the extent of 80% of invoice value – and adopts one of two approaches in doing so:
• Disclosed debtor finance (via a full debtor management and administration service) or
• Confidential invoice discounting (where the client keeps control of the debtors’ book).
• The debtor financing process generally involves the bank discounting invoices for clients and advancing the funds prior to due date, thus shortening the cash flow period.
Specialised Equipment and Rental Finance:
Equipment Finance provides funding for the purchase of a variety of equipment via instalment sales, lease facilities or rental finance.
Through our partner bank and their associations we can provide equipment rental finance contracts that will add to your company’s BEE score. We will also facilitate a start-to-finish import solution where the importation process is handled by the bank and clients are offered a Rand-based, landed cost price per unit.
Freight and forwarding:
We are able to facilitate, at very competitive rates, a full-service clearing, forwarding and logistics service throughout South Africa and the globe, including access to state of the art warehousing facilities.
DTI Manufacturing Incentive:
We assist manufacturing businesses that are starting up or expanding, to access lucrative government grants from the Department of Trade and Industry. Sasfin is regarded as one of the leaders in this field and our offering and fees are purely based on success and performance.
Custom rebates for importers and exporters:
Our in-house customs experts can assist in advising on legislation, tariffing and rebate administration. Sasfin also provides services to the automotive industry by accessing the benefits offered through the Automotive Production and Development Programme (APDP).
Import Duties Recoveries:
We assist clients to recover import duty under various customs duty drawback provisions. Target clients are automotive and general exporters.
Short Term Insurance:
We are able to facilitate through our partner bankindependent specialist broking that will cater for the short-term insurance need of individuals and corporate entities of all sizes, at very competitive rates.
Transactional Banking provides easy cash management with one account, with real interest and access to a range of features for business. Keep your business on track with our banking partner’ secure new digital banking platform.
Global Trade and Foreign Exchange training:
We are able to tailor made a training program the meet the needs of your company covering the all the aspects of Global Trade and Investments.