/Frequently_Asked_Questions/

Here is a list of frequently asked questions. You are welcome to contact us on +27 (0) 11 531 220 and one of our consultants will answer your questions.

  • Conserve cash
  • Option of a variety of brands of products & technologies
  • Improve liquidity
  • Conserve your cash flow – rather invest in your business operations
  • Always have usage of leading edge technology
  • Tax benefits
  • Cash flow certainty
  • Your choose the finance term (12, 24, 36,48 or 60 months)
  • With or without a deposit
  • With or without annual escalations
  • With or without technology upgrades during finance term

Yes, this is most certainly possible.

The Act applies to all Credit Providers. They must be registered in terms of the Act as recognised lenders. The Act also applies to all private individuals, sole proprietors, trusts with less than three trustees and juristic persons with asset value less than R250 000 or turnover less than R1 million.

Credit Providers are restricted in terms of allowable fees, interest rates and inclusions in a credit agreement, and need to be fully transparent with no hidden costs or clauses. There is also an onus on the Credit Provider to ensure that the consumer can afford the debt, thus reducing over-indebtedness. This is achieved by asking additional questions at the time of entering into the agreement. A Credit Provider now also needs to take disposable income and not only gross salary into consideration when granting credit.

A Credit Provider has to provide the consumer with a Pre-Agreement Quote that states the full terms and conditions of the actual agreement. This Pre-Agreement Quote should be the same as the actual agreement and is valid for a 5 day period. It should be presented to and signed by the consumer prior to entering into the actual agreement.