About Us

Our Proud History

For two decades, Merchant West has organically grown its business across the financial services sector. Starting in 1998 as a subsidiary within a listed asset management firm; in 2002 the founding directors identified the massive potential of the business and undertook a management buyout.

Since then Merchant West has grown exponentially, adding new branches and franchises along with an expanding professional staff contingent. For a more detailed view of our growth, have a look at the timeline below.

Our Purpose

To improve the fortunes of our clients

Our Vision

We aspire to be the leading specialist financial services company in our chosen markets by providing tailor made financial services to our customers

Our Mission

To be the leading specialist financial services company by attracting and retaining talented staff, servicing our customers and partners and by creating value for our stakeholders

Our Values

We hold fast to five core values that drive us to constantly, ARISE and uplift our clients and their business:

A – Ambition: Our commitment and desire is to excel and succeed.
R – Respect: With humility, we treat people the way we want to be treated.
I – Integrity: We do the ethically right thing at the right time, all the time.
S – Synergy: United, we work to exceed our goals.
E – Enterprise: With imagination and initiative, we will find the solution and deliver the result.​

Tladi Ditshego
Holdings Board Chairman
  • "The more you practice the luckier you get"

    Johan Pretorius -
    Group Regional Director
  • "The only impossible journey is the one you never begin"

    Keith Watson -
    Managing Director: Asset Finance
  • "Don’t think when you are second, you’re second; you are the first loser"

    Quentin Grape -
    Managing Director: Capital Markets & Working Capital Solutions
  • "Why procrastinate today when you can do it tomorrow" 

    Paul Tredoux -
    Group Chief Financial Officer
Braam Viljoen
Group Chief Executive Officer
Paul Tredoux
Group Chief Financial Officer
Modula Mofolo
Non-Executive Director
Zodwa Mbele
Non-Executive Director
  • "The more you practice the luckier you get"

    Johan Pretorius -
    Group Regional Director
  • "Why procrastinate today when you can do it tomorrow" 

    Paul Tredoux -
    Group Chief Financial Officer
  • "The only impossible journey is the one you never begin"

    Keith Watson -
    Managing Director: Asset Finance
  • "Don’t think when you are second, you’re second; you are the first loser"

    Quentin Grape -
    Managing Director: Capital Markets & Working Capital Solutions
Keith Watson
Managing Director: Asset Finance
Quentin Grape
Managing Director: Capital Markets & Working Capital Solutions
  • "The more you practice the luckier you get"

    Johan Pretorius -
    Group Regional Director
  • "The only impossible journey is the one you never begin"

    Keith Watson -
    Managing Director: Asset Finance
  • "Don’t think when you are second, you’re second; you are the first loser"

    Quentin Grape -
    Managing Director: Capital Markets & Working Capital Solutions
  • "Why procrastinate today when you can do it tomorrow" 

    Paul Tredoux -
    Group Chief Financial Officer
Mike Murray
Group Sales Director
Johan Pretorius
Group Regional Director

Our Timeline

1998

On the corner of a busy street in Sandton, a meeting of minds occurred between three individuals: “We can offer solutions to a niche market of clients not being serviced by the banks!”

1999

The newly incorporated organisation starts servicing the market by offering Specialised Finance and Property Finance.

2000

Bought Asset Finance Business.

Treasury becomes part of our boutique of offerings.

2001

Our national footprint begins with the establishment of a KZN business relationship.

2002

Finalised the buy-out and re-branding of all business units to Merchant West.

Establishment of Merchant West Holdings.

2008

Working Capital Solutions established.

Dirt Diggers established to sell second hand capital goods.

FSB License obtained.

2007

First Floor Assistance established to sell second hand electronic equipment.

2005

Further consolidation of the Group by ensuring all subsidiaries are wholly-owned.

Public Sector Finance established.

Merchant West Asset Rentals established.

Rated by Moody’s at A1.

2004

First collection Agency agreement signed with a bank whereby Merchant West collects the rentals.

Formalised our accounting system with the purchase of a tailor-made solution.

2003

Finalised Specialised Finance buy-back.

2009

Cape Town and Pretoria become franchises.

2010

Mpumalanga becomes a franchise.

2011

Merchant West finances goods in excess of R1 Billion for the first time.

Full Maintenance Lease division established.

Moved to new premises: 82 Maude Street.

2012

Active book exceeds R1 Billion.

Purchased I to I Solutions and incorporated it into Merchant West Specialised Finance.

Merchant West Working Capital Solutions adds Full Book Discounting to their portfolio.

2013

Audited by the 5th largest auditing firm in SA.

Merchant West Collections SPV is established.

Merchant West Working Capital Solutions establishes securitisation.

Official launch of our new brand: “The Abacus”

2018

Merchant West received a AAA rating from Global Credit Rating.

Merchant West Asset Rentals issues seconds Tranche of Notes on the JSE.

2017

We listed our bonds on the JSE.

Merchant West Working Capital Solutions secures a Global Credit Rating of AAA.

MW exceeds 150 staff members for the first time.

Ariva moves into MW offices in Sandton.

2016

Converted our KZN franchise to a fully fledged branch.

Restructuring business to be product focused rather than regionally focused.

2015

The Capital Markets Division offers FEC funding facilities to clients.

Merchant West launches staff share incentive trust.

Secured loan and cession financing on our balance sheet.

2014

Ariva acquisition.

International Finance Corporation approves investment into Merchant West Working Capital Solutions with AAA rated bonds – first international investor, followed by Nedbank as a second investor.

Our Timeline

1998

On the corner of a busy street in Sandton, a meeting of minds occurred between three individuals: “We can offer solutions to a niche market of clients not being serviced by the banks!”

1999

The newly incorporated organisation starts servicing the market by offering Specialised Finance and Property Finance.

2000

Bought Asset Finance Business.

Treasury becomes part of our boutique of offerings.

2001

Our national footprint begins with the establishment of a KZN business relationship.

2002

Finalised the buy-out and re-branding of all business units to Merchant West.

Establishment of Merchant West Holdings.

2003

Finalised Specialised Finance buy-back.

2004

First collection Agency agreement signed with a bank whereby Merchant West collects the rentals.

Formalised our accounting system with the purchase of a tailor-made solution.

2005

Further consolidation of the Group by ensuring all subsidiaries are wholly-owned.

Public Sector Finance established.

Merchant West Asset Rentals established.

Rated by Moody’s at A1.

2007

First Floor Assistance established to sell second hand electronic equipment.

2008

Working Capital Solutions established.

Dirt Diggers established to sell second hand capital goods.

FSB License obtained.

2009

Cape Town and Pretoria become franchises.

2010

Mpumalanga becomes a franchise.

2011

Merchant West finances goods in excess of R1 Billion for the first time.

Full Maintenance Lease division established.

Moved to new premises: 82 Maude Street.

2012

Active book exceeds R1 Billion.

Purchased I to I Solutions and incorporated it into Merchant West Specialised Finance.

Merchant West Working Capital Solutions adds Full Book Discounting to their portfolio.

2013

Audited by the 5th largest auditing firm in SA.

Merchant West Collections SPV is established.

Merchant West Working Capital Solutions establishes securitisation.

Official launch of our new brand: “The Abacus”

2014

Ariva acquisition.

International Finance Corporation approves investment into Merchant West Working Capital Solutions with AAA rated bonds – first international investor, followed by Nedbank as a second investor.

2015

The Capital Markets Division offers FEC funding facilities to clients.

Merchant West launches staff share incentive trust.

Secured loan and cession financing on our balance sheet.

2016

Converted our KZN franchise to a fully fledged branch.

Restructuring business to be product focused rather than regionally focused.

2017

We listed our bonds on the JSE.

Merchant West Working Capital Solutions secures a Global Credit Rating of AAA.

MW exceeds 150 staff members for the first time.

Ariva moves into MW offices in Sandton.

2018

Merchant West received a AAA rating from Global Credit Rating.

Merchant West Asset Rentals issues seconds Tranche of Notes on the JSE.