Sasfin is a banking and financial services group, offering tailor-made products and services to entrepreneurs, corporates and high-net worth individuals. The bank comes from a rich history of entrepreneurial vision and success — the business was established in 1951 as a small family textile business and evolved from focussing on textile importing into a small-scale trade and debtor financing company.
Today Sasfin is a specialist wealth and business banking and financial service group listed on the JSE. Sasfin offers products and tailored solutions that evolve from authentic relationships. It differentiates itself from other financial service providers in its ability to understand its clients’ business needs and to deliver on suitable solutions with agility.
In short, for Sasfin, business is personal.
Sasfin has branches throughout South Africa that deal with Business Banking, Wealth, Capital, Commercial Solutions and Transactional Banking Services.
Its KwaZulu-Natal branch, based in Westville, Durban delivers the full Sasfin service offering to clients.
Sasfin’s Business Banking and Commercial Solutions offerings are well suited to supporting trade within KZN. With the province being host to two of the country’s major ports — Durban and Richards Bay — Sasfin is able to support businesses growing in the region.
Sasfin’s comprehensive Import Solutions are ideal for businesses in this growing region as they can be adapted to suit any business’s unique needs. Through their Commercial Solutions arm and the Sasfin Premier Logistics business, the group also offers warehousing and logistics in prime Durban locations. They have the infrastructure, products and services to cater to all the financial and service needs of importers and exporters, allowing their clients to optimally finance and manage every aspect of foreign trade, while leveraging Sasfin’s backing and expertise.
Sasfin Import Trade Finance funds the import of goods and provides credit terms of up to 180 days. Sasfin can transact in a number of foreign payment instruments from pre-payment, Letter of Credit, payment against bill of lading and payments to open account suppliers. They are also able to offer a comprehensive solution for their clients’ imports — from managing supplier relationships out of the Hong Kong office, financing goods through their Trade Finance offering, booking forward exchange cover through their International Treasury, and actually collecting and delivering goods through Sasfin Premier Logistics, a Sasfin Group company.
Sasfin places value against their clients’ stock. The working capital solution is not an overdraft facility. It’s designed to help clients get the most out of the working capital cycle, by giving them the financial breathing space between the cash-out and cash-in process of the cycle.
Sasfin clients don’t have to use their working capital or bank facilities to open letters of credit and pay for imports. They can allocate those funds to their business, improve efficiencies and grow. Sasfin’s solution is about managing working capital more effectively, so that funding the growth of businesses to step up import volumes doesn’t deplete working capital resources.
Business growth, relationships and personalised solutions form the foundation of Sasfin’s Trade Finance and Import solutions.
Additional services include assisting with applications for business incentives from the department of trade and industry, business insurance, finance, portfolio management and more.
You may have many financial needs but you only need one partner … a partner beyond expectations.
To get in touch with a Sasfin relationship managers contact the Sasfin Durban office:
Tel: +27 31 271 8750
Fax: +27 31 265 1296/ 1297
E-mail: [email protected]