Trade Finance is finding traction in the market

“By combining our expertise in freight management with finance packages of up to R100 million we offer a truly unique service,” says Bryce Cochrane-Murray of The Turner Group.

“One of the features of our trade finance facility is that we remain the customer’s single point of contact throughout the process, from placing the order with the supplier until the imported goods are distributed into the local market.

Another advantage is that the customer is invoiced in Rands, we take care of the foreign exchange and manage the transport, customs clearing and forwarding from the outset,” he adds.

Importers don’t have to get a letter of credit; “LCs are notoriously complicated and costly, and lock in the importer’s cash reserves,” says Bryce.

“Customers receive a detailed breakdown of all the cost components, so they can accurately determine the actual landed cost of each item.”