There still exist many misconceptions around the term “finance”. At Merchant West we strive to demystify asset finance and promote it as a bespoke solution for businesses to acquire the equipment and systems they need to grow. Finance should not be limited as the misconstrued term it often is referred to, used to simply describe people who cannot afford to buy. The reality of finance is that it is designed for profitable companies that want to become industry leaders, with best-practice financial risk management consciousness. Our asset finance solutions are designed for the ambitious, here’s why:
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continuously refresh their security infrastructure and taking a financial knock on the depreciating asset value of the outdated equipment.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
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.
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 final, public 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.
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.
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
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!
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
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
Foreign Exchange is what we do. Merchant West Capital Markets provides sophisticated treasury and risk management solutions to the public and private sector. Our dedicated team and available resources allow us to provide outstanding service to both companies and individuals. Contact us today or visit our website www.merchantwest.co.za