Our solution manages working capital more effectively so that funding the growth of your business to step up import volumes doesn’t deplete your working capital resources.
We offer foreign and local trade finance that frees up working capital, by allowing credit terms of up to 180 days to support the following:
- Payment of stock
- Forwarding and clearing costs
- Transportation and insurance costs
- Customs VAT and duty payments
The product offering is flexible, allowing businesses to transact in a number of foreign payment instruments, including:
- Letters of credit
- Payments to suppliers who offer terms
- Payment against shipment
Cash flow is key in every business. Good cash flow can lead to a prosperous business, and the right financing solutions will improve the working capital cycle.
Companies involved in foreign trade, however, face many financial and logistical challenges in both the funding and landing of goods in South Africa. Trade Finance from Sasfin assists businesses to navigate difficult challenges which may include:
- The financing of goods:
Suppliers often require part of full payment upfront prior to shipping. This is a challenge for businesses who only receive payment from clients much later.
- The movement of goods:
Businesses require shipping, marine insurance, and forwarding and clearing to land for goods to be delivered. This is often a huge logistical challenge.
- Exchange rate risk:
Exchange rate may have changed dramatically between the time goods are ordered and when they arrive. This can negatively influence a business’s input costs.
Sasfin addresses these challenges and supports businesses by providing clients with end-to-end solutions for their imports.
- Managing supplier relationships out of our Hong Kong office
- Financing goods
- Booking forward exchange cover through Sasfin Forex
- Collecting and delivering goods through our associate company, Imperial Sasfin Logistics.