Village Main Reef appoints TreasuryONE as their Treasury Outsourcing Services Provider
TreasuryONE, South Africa’s premier treasury services company, is pleased to announce that it is providing a broad range of outsourced professional treasury management services to Village Main Reef (VMR).
All treasury functions will be processed using the world-class IT2 treasury management system to schedule, control, store and report on all FX, commodities and other market operations, providing a much more functionally rich, robust and secure technology platform than is possible with spreadsheets.
The business arrangement between VMR and TreasuryONE means that the TreasuryONE team is now acting as an integral working part of VMR’s finance operation. In practice, TreasuryONE experts work in partnership with VMR’s team to fulfil treasury management requirements, in full compliance with VMR’s documented treasury policy.
Hennie de Klerk, CEO of TreasuryONE, comments: ‘VMR is taking advantage of our treasury outsourcing service to enjoy all the cash and risk management benefits of professional treasury management, at a fraction of the cost and risk of setting up and running an in-house treasury function. I am delighted to welcome VMR to the TreasuryONE prestigious client community. We are looking forward to working with them as their treasury management needs grow and diversify into the future.’
About VMR – (www.villagemainreef.co.za)
VMR’s current asset portfolio includes the Tau Lekoa and Kopanang underground gold mines, along with a surface materials site, two processing plants and an exploration project. All assets are situated near each other, some 250 km south-west of Johannesburg near the town of Orkney.
About TreasuryONE (www.treasuryone.co.za)
TreasuryONE was established in May 2000. The company’s mission is to provide a broad range of best practice treasury services to organisations of all sizes and levels of complexity, and also to private individuals.
TreasuryONE delivers professional treasury services to clients and offerings are fully scalable, so that the client enjoys the benefit of expert, cost-effective advice and execution, without paying for unnecessary staff and system overheads in the specialist field of treasury.
Our clients enjoy all the benefits of working with a highly qualified and experienced partner.
TreasuryONE’s product offerings include the delivery and support of treasury management technology systems, foreign exchange rate risk management and execution services, offshore investment transfers, outsourced treasury management operations, investment management, best practise treasury consulting services and financial instrument valuation. Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding financial environment.