Anglo African Trading caters for local traders WHAT WORKED for a client yesterday might be old hat today, which is why traders need a financier who can adapt to a fast-changing environment. “South Africa is a developing country and market conditions change constantly,” says Hendrik de Waal, head of Treasury at Anglo African Trading. “We recognise that low cost and uncomplicated finance solutions will always be a requirement,” says De Waal. “It is important that our products do not increase clients’ already heavy administrative load,” he said. Anglo African’s products cater for logistics finance, import, export and local trade finance. “They were developed not only to provide a funding solution but also to minimise the exchange rate and interest rate risks that clients are exposed to in the local and international markets,” he said. “Instruments that are available to our clients range from the issuing of LCs and execution of foreign payments to the implementation of their hedging strategies.” A good example he cites is the general discounting facility. “This offers flexible prime-based funding combined with a central treasury functionality that offers the full spectrum of currency trading instruments at very competitive exchange rates.” And providing local solutions is a key element. “All our products have been developed in the South African market place with the focus on local relevance. An important part of making this possible is a decision-making process that can respond quickly to requests from our clients,” he said.
