PUBLIC SECTOR ASSET FINANCE
Asset Finance
Merchant West has a specialised government division, with an extensive understanding of the RSA public sector and an established footprint within government. Unique to Merchant West, is a Qualified Rental Agreement formulated to meet the public sector requirements as stipulated within the Public Management Finance Act 1 of 1999 (“PMFA”) and Supply Chain Management (“SCM”) Regulations of Governments.
The Government division supplies Asset finance for Municipalities, Parastatals, Provincial and National Government. Dealing with most Government Departments, Merchant West has access to funds for government transactions. Services also include ratings advisory services and financial stability assessments.
Benefits offered by Merchant West
- Merchant West currently has pre-approved credit for Government Division, and is available instantly without customers having to submit lengthy credit applications.
- Government funding structure is calculated on Fixed Rate funding as required by the Treasury Regulation section 13.
- Leaders in the industry in terms of Legal Intellectual Capital when dealing with Government Departments.
- Merchant West assists suppliers by drafting all Agreement and Supporting documents, saving you time and effectively ensure speedy pay-outs.
- The Merchant West Agreement is approved within the Statutory Market and is the only tri-partite agreement of its kind currently available. It also adheres to the requirements as set out by Regulations and is in line with the PFMA, SCM and PPPFA legislation.
- Through a decentralised billing system, Merchant West can effectively allocate the respective rental payments to the individual department as per Government’s request.
- Rental payments can be structured in line with the Government’s budgetary requirements on monthly, quarterly and/or semi-annual basis.
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