Articles

 
Merchant West celebrates 20 years in financial services
11 December 2018

Company constantly strives to deliver flexible, innovative and customised solutions that meet client needs

For two decades, Merchant West has organically grown its business across the financial services sector. Today, as the company celebrates its 20-year anniversary, it is regarded as one of SA’s biggest independent financial services providers.

“The business started in 1998 as a subsidiary within a listed asset management firm,” says Merchant West group CEO Braam Viljoen. “We then recognised the huge potential that existed for a specialised financing business in the local market and subsequently underwent a management buyout in 2002.”

Mike Murray, group sales director at Merchant West, believes a number of subsequent strategic decisions paved the way for the company’s decades-long run of growth. “All business units are independently operated by skilled executives who have surrounded themselves with industry specialists.” 

 
The benefits of leasing
04 December 2018

Keeping up with technology often means that businesses are budgeting for new purchases each year to continuously refresh their security infrastructure and taking a financial knock on the depreciating asset value of the outdated equipment. At least that has been the case up

until now.

New approaches to security asset financing, such as an operating lease enables the business to implement their security refresh projects, but without purchasing the equipment. This model keeps depreciating assets off the client’s balance sheets, while the supplier can offer their clients fully financed end-to-end solutions they can bank on.

 
MW Asset Rentals (RF) Ltd – New Rating Accorded and New Issuance Rating Accorded
04 December 2018

Global Credit Ratings (“GCR”) has accorded the following final, public long-term credit rating to the following Secured Class A Notes (“Class A Notes”) issued by MW Asset Rentals (RF) Ltd (the “Issuer”) (the “Transaction”) on 18 November 2016:

● Class A Notes, stock code MWAR01; R450,000,000; AAA(ZA)(sf) Stable Outlook.

GCR concurrently accorded the following finalpublic long-term credit rating to the following Notes issued by the Issuer on 29 March 2018 (“New Issuance”):

● Class A Notes, stock code MWAR02; R300,000,000; AAA(ZA)(sf) Stable Outlook.

The Issuer has increased the Subordinated Loan to R64,645,000 from R44,645,000 that is unrated and held by Merchant West (Pty) Ltd.

 
Individual Allowances - 21.11.2016
21 November 2016

The South African Reserve Bank allows individuals to transfer their funds offshore utilizing either of the options below:

1. A single Discretionary Allowance of R1 million per calendar year. This allowance does not currently require South African tax clearance, or

2. A Foreign Investment Allowance of R10 million per calendar year. This is an annual allowance and applies to private individual tax payers over the age of 18 years. In order to utilise the Foreign Investment Allowance and to transfer the allowance out of South Africa, a Tax Clearance Certificate from the South African Revenue Service (SARS) is required which is valid for 12 months from date of issue.

Merchant West Capital Markets can facilitate the entire process and assist with the necessary paperwork.

Contact us today for more information or simply visit our website.

 
Sending Money Offshore
17 November 2016

The South African Reserve Bank allows individuals to transfer their funds offshore utilizing either of the options below:

1. A single Discretionary Allowance of R1 million per calendar year. This allowance does not currently require South African tax clearance, or

2. A Foreign Investment Allowance of R10 million per calendar year. This is an annual allowance and applies to private individual tax payers over the age of 18 years. In order to utilise the Foreign Investment Allowance and to transfer the allowance out of South Africa, a Tax Clearance Certificate from the South African Revenue Service (SARS) is required which is valid for 12 months from date of issue.

Merchant West Capital Markets can facilitate the entire process and assist with the necessary paperwork.

Contact us today for more information or simply visit our website.

 
Investing Abroad?
14 November 2016

The South African Reserve Bank allows individuals to transfer their funds offshore utilizing either of the options below:

1. A single Discretionary Allowance of R1 million per calendar year. This allowance does not currently require South African tax clearance, or

2. A Foreign Investment Allowance of R10 million per calendar year. This is an annual allowance and applies to private individual tax payers over the age of 18 years. In order to utilise the Foreign Investment Allowance and to transfer the allowance out of South Africa, a Tax Clearance Certificate from the South African Revenue Service (SARS) is required which is valid for 12 months from date of issue.

Merchant West Capital Markets can facilitate the entire process and assist with the necessary paperwork.

Contact us today for more information or simply visit our website.

 
Merchant West Capital Markets
04 November 2016

Whether you're a large or small business, Merchant West Capital Markets can tailor make a solution to suit your needs from our great range of products. While you may be getting good forex rates through your bank, we can probably achieve better rates for you.

Contact us today for more information. www.merchantwest.co.za

 
INDIVIDUAL ALLOWANCES
03 November 2016

If you're thinking about transferring funds offshore then contact us today. We offer fantastic rates and can assist with the entire process.

The South African Reserve Bank allows individuals to transfer up to R1 million offshore per calendar year without a tax clearance.

Make the most of your allowance today!

 
Investing Abroad
31 October 2016

Transferring offshore? make sure you're getting the most from your Discretionary Allowance. The South African Reserve Bank allows individuals to transfer up to R1 million offshore, per calendar year, using their Discretionary Allowance. Merchant West can facilitate this entire process on your behalf and assist with the necessary paperwork. Contact us today for more information or simply visit our website www.merchantwest.co.za

 
Foreign Investment Allowance
17 October 2016

Are you investing in property abroad? The South African Reserve Bank allows individuals to transfer up to R10 million offshore, per calendar year, using their Foreign Investment Allowance. Merchant West can facilitate this entire process on your behalf and assist with the necessary paperwork. Contact us today for more information or simply visit our website www.merchantwest.co.za