Worth their weight in platinum
Aquarius Platinum SA has been a TreasuryOne client since 2006 and the relationship has been a happy and profitable one. Says Stuart Murray, CEO: “Hennie de Klerk and his team provide an exceptional daily cash and liquidity management and foreign exchange dealing service to Aquarius. They use up-to-date systems and risk management techniques and keep up with our changing needs.” As Aquarius has grown, TreasuryOne has tailor-made modern and innovative solutions for its challenges.
“In a number of once-off corporate transactions in recent months, Hennie and his team have saved the organisation significant costs through foreign exchange strategies. They have proven their abilities to be well above those of the commercial banks. I would recommend TreasuryOne to any enterprise which does not have the ability to maintain these services in-house”, concludes Stuart.
A smooth ride
Up to 70% of Porsche South Africa’s turnover is imported goods in the form of new cars and spare parts. Exchange rate volatility therefore looms large when it comes to planning, pricing and profitability. “Foreign exchange risk is our single biggest risk from a profitability point of view”, says David Roussouw, FM of Porsche.
TreasuryOne has been providing Porsche with foreign exchange risk management services since 2005. David appreciates the personal attention and timely, regular advice. Most of all, he enjoys the smooth ride: “Thanks to their advice, more often than not we buy at the right time and hedge at the right time. TreasuryOne is very effective at smoothing the peaks and troughs associated with exchange rate volatility.”
A partnership for growth
Afgri Financial Services bought the IT2 treasury management system from TreasuryOne in 2007. The system supports both banking and corporate treasury functions, allowing Afgri to provide its agricultural clients with a service similar to that available from commercial banks.
Price, functionality and local support convinced Afgri to invest in IT2. TreasuryOne’s excellent after sales service leaves them with no doubt that it was the right decision. “Their product and market knowledge is comprehensive and up to date, and their time-to-market service is most satisfactory. Without fail they respond to our needs and within a short space of time put a solution on the table”, says Hercu Bloem, MD of Afgri Financial Services.