Sasfin Holdings Limited (“the Group” or “Sasfin”) is a bank controlling company that listed on the Johannesburg Stock Exchange in 1987. Through its subsidiaries, notably Sasfin Bank Limited, the Group offers a range of comprehensive, modular banking and financial services focused on the needs of the entrepreneur, corporate, institution and high net-worth individual.
How we do business
The Group is structured into distinct, yet closely interactive divisions, namely entrepreneurial, corporate, commercial, institutional and private clients. Sasfin partners with each and every client, acting with respect and honesty, to offer tailor-made solutions to meet business challenges.
Sasfin believes that a client-centred, personalised relationship with our clients is absolutely essential to deliver the correct financial solution. This enables Sasfin to be “a partner beyond expectations” in its chosen markets. The five divisions – Business Banking, Transactional Banking, Capital, Wealth Management and Commercial Solutions – offer a range of specialised products and services to assist clients with their business and individual financial requirements.
We go beyond a bank to unlock business potential and grow wealth.
By supporting investors and entrepreneurs, we enhance economic growth.
To be a specialist Business, Banking and Wealth partner beyond our clients’ expectations by deploying capital and skills to deliver financial solutions tailored from our comprehensive range of services to select entrepreneurs and investors.
Our values and behaviours:
Our target markets
Sasfin’s target markets have evolved:
Chief Executive Officer Roland Sassoon’s father established his business in Norwood in Johannesburg in 1951, and Roland joined his father in the family business when he was 17 years old. By that time, the business evolved from textile importing to a small-scale trade and debtor financing company, growing steadily in stature to see Sasfin become listed on the Johannesburg Stock Exchange in 1987. To continue growing the business, in 1991 Sasfin took the groundbreaking step of securitising its equipment finance book. Securitisation was not only the springboard for Sasfin, but has become also a cornerstone of the business and it is the oldest running securitisation vehicle in the country.
The next major development phase came with the granting of a banking licence – opening the doors for Sasfin to raise capital by means of direct deposits and leading to the acquisition of the reputable stockbroking firm of Frankel Pollak, which is now known as Sasfin Securities. This move injected a broad client base of high-net-worth individuals who became an additional source of significant deposits into Sasfin – and those clients remain with Sasfin to this day. In fact, in many cases, Sasfin is advising and managing wealth for the third generation within client portfolios.
Sasfin continued to grow by taking innovative steps such as injecting capital into businesses for an equity stake holding instead of merely lending money to fund a company’s development. In 2009, the International Finance Corporation, a member of the World Bank Group, invested as a shareholder in Sasfin and partnered with Sasfin to stimulate growth in the South African economy.
Sasfin is creating the critical mass necessary for each unit to be optimally viable to deliver on Sasfin’s specialist, multiline banking and financial services offerings, without compromising on quality.
|1987||Sasfin lists on the JSE Limited.|
|1991||Sasfin pioneers the securitisation market in South Africa.|
|1997||Sasfin acquires a 60% shareholding in Premier Freight, a freight forwarding and customs clearing company.
Sasfin acquires 23,6% shareholding in MDM Investment Holdings (Pty) Limited, a private equity company.
Sasfin forms subsidiary, Sasfin Insurance Brokers (Pty) Limited.
Sasfin forms subsidiary, Sasfin Asia Limited. (Registered in Hong Kong)
|1998||Sasfin adjudged 6th in the Sunday Times Business Times “Top Companies” Survey.|
|1999||Sasfin obtains a banking licence|
|2000||Sasfin acquires Sasfin Securities (Pty) Limited (formerly Sasfin Frankel Pollak Securities (Pty) Limited) (“SasSec”) and Sasfin Financial Advisory Services (Pty) Limited.
SasSec ranked the top retail broking house in the PricewaterhouseCoopers2000-Millennium issue of “Strategic and Emerging Issues in South African Banking”, an annual banking survey in which South African and foreign banks rate one another.
Sasfin Corporate Finance division formed.
|2001||SasSec granted Custody and Settlement Member status by the JSE Securities Exchange, South Africa.
Sasfin Corporate Finance division registered as a sponsor with the JSE Securities Exchange South Africa.
SasSec acquires the business of Regal Treasury Securities (Pty) Limited.
|2002||Sasfin forms subsidiary, Sasfin Asset Managers (Pty) Limited.|
|2004||Sasfin raises R100 million preference share capital.
Sasfin Corporate Finance division ranked 4th by the annual Ernst & Young Mergers and Acquisitions Survey of 2004 and 3rd by the annual Dealmakers Review of 2004.
|2005||Sasfin increases its shareholding in MDM Investment Holdings Limited to 52% and starts a private equity unit.
Sasfin adjudged 30th in Sunday Times Business Times “Top Companies” survey.
|2006||Sasfin raises a further R100 million preference share capital.
BEE transaction concluded – InnoVent Investment Holdings (Pty) Limited (“IIH”) acquires 10% of Sasfin Bank Limited and Sasfin Holdings Limited acquires 33,4% of IIH.
Two black directors appointed to the board of Sasfin Bank Limited.
Sasfin Bank Limited ranked 84th in Africa’s Top 100 Banks - by African Business’ Annual Rankings.
|2007||Sasfin Holdings Limited celebrates 20 years on the JSE.
Sasfin Bank Limited granted a foreign exchange dealer licence.
FSB grants an asset management licence to Sasfin Asset Managers (Pty) Ltd.
With effect from 13/03/2007, Sasfin Bank Limited is licensed as a Financial Services Provider.
Sasfin Holdings Limited voted by The Investment Analysts Society as the leader in corporate reporting in the sector Small Companies (market cap below R2000m) for the 2006 financial year.
Sasfin ranked 13th in the Financial Mail’s 2007 assessment of the Top 20 listed companies.
ERS Securitisation SPV has been converted from a term structure programme to an evergreen multi-seller segregated asset class Domestic Medium Term Note Programme (DMTN).
Sasfin adjudged 22nd in the Sunday Times Business Times “Top Companies” Survey (with a 60,5% annual return over 5 years).
|2008||Sasfin ranked 36th in Finance Week’s 2008 Top 200 companies survey.
Sasfin ranked 11th in the Financial Mail’s 2008 assessment of the Top 20 listed companies.
Sasfin’s Healthcare Consulting Unit ranked 5th in Discovery’s Platinum Prestige Corporate Broker Awards.
Sasfin awarded an “A” rating for BEE by the FSC Council.
Sasfin ranked 21st in the Sunday Times Business Times “Top Companies” Survey (over 5 years in terms of its return to shareholders).
Sasfin successfully places R900m of securitisation notes (roll-over of R700m and a new tranche of R200m) despite the recent market collapse.
SasSec sells its East London branch to NVest Financial Holdings (Pty) Limited in exchange for 20% of NVest.
|2009||Sasfin Corporate Finance division ranked 3rd in the sponsor rankings by deal flow - mergers and acquisitions. In the general corporate finance sponsor category, Sasfin Corporate Finance was ranked 5th overall.
The Sasfin Group establishes strategic partnership with the IFC as follows comprising:
A US$ 10 million trade finance facility for its Business Banking unit;
A specific issue of 10% of Sasfin’s shares to the IFC for cash, and
A subordinated loan agreement with Sasfin Bank Limited in the amount of R82,45 million.
Sasfin completes the development of its new premises in Waverley and took occupation in June 2009.
Sasfin, once again, awarded an “A” rating for BEE by the FSC Council.
Sasfin adjudged 36th in “Sunday Times Business Times Top 100 Companies” survey.
Sasfin successfully places R432m of securitisation notes and issued an additional R58m, totalling R490m.
Sasfin Bank awarded 1st place in the Deloitte’s “Best Company to Work For” survey under the category “Financial Services: Banking Industry Category”. Therefore, Sasfin Bank voted “Best Bank to Work for”.
|2010||Sasfin Corporate Finance division ranked 3rd in the sponsor rankings by deal flow - mergers and acquisitions. In the general corporate finance sponsor category, Sasfin Corporate Finance was ranked 3rd.
Acquisitions of Capital Hill Corporate Finance (Pty) Limited, a boutique Corporate Finance company, and a large minority share in Trinitas, a private equity management company.
|2011||Sasfin Corporate Finance division ranked 7th in the sponsor rankings by deal flow - mergers and acquisitions for the previous year. Year to date, Sasfin Corporate Finance was ranked 2nd in the Q1 sponsor rankings.
Sasfin’s Healthcare Consulting Unit once again receives the “Discovery Platinum Prestige” award.
Sasfin awarded ratings of Level 4 and 100% contributor by PKF BEE Solutions (Pty) Limited.
Sasfin acquires a 68,4% shareholding in IQuad Group Limited, a diversified specialist financial and business services company.
Sasfin re-finances R317m of securitisation notes.
Sasfin Bank concludes a seven-year €35 million term loan from three European Development Finance Institutions and secured an additional US$10 million seven-year loan from the IFC and Canadian Climate Change Programme for energy efficiency and renewable energy financing.
|2012||Sasfin disposes of its head office to Annuity Properties Limited and acquires 25% of Annuity’s management company, Annuity Asset Managers (Pty) Limited.
Sasfin’s Healthcare Consulting Unit: Top 10 in “Discovery’s Platinum Prestige Corporate Broker” award.
Sasfin acquires the remaining shares in Premier Freight (Pty) Limited (now known as Sasfin Premier Logistics (Pty) Limited) and IQuad Group Limited.
IIH forms subsidiary in Harare, London and Rio de Janeiro.
Sasfin Capital ranked 4th in the DealMakers Quarterly Review in Mergers & Acquisition ranking by dealflow and 5th in General Corporate Finance ranking by transaction flow.
|2013||Sasfin receives two coveted raging bull awards for:
The Best Broad-Based Domestic Equity Fund on a straight performance basis, being the fund with the highest ProfileData total investment return ranking over three years in the ASISA Domestic Equity General, Value and Growth sections, and
The Best Domestic Equity Value Fund.
Launch Transactional Banking.
Starts a fixed income unit
Launches Transactional Banking to market.
Sasfin Asset Managers wins its third Raging Bull Award
Acquisition and control of Fintech (Pty) Ltd effective 30 June 2015.