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January - February 2016

MODERN QUARRYING

39

Smart financing solution

Komatsu South Africa and leading asset rental specialist

RentWorks have forged a strategic alliance set to significantly

benefit customers in the local capital equipment market. Known

as KomRent, the newly-formed division provides a suite of

dynamic funding solutions that give customers access to state-

of-the art Komatsu equipment without adversely affecting their

cash reserves.

“KomRent represents our response to tough market condi-

tions and a shift in the purchasing strategies

of customers in the mining and construction

industries. Today’s customers need more flex-

ible funding options and we believe that this

new partnership offers them the intelligent

and cost-effective solutions they need,” says

Komatsu GM, Sales and Marketing, Mike Helm.

RentWorks, a FirstRand Group Company,

finances more than R3-billion in assets for more

than 400 organisations, across a range of indus-

tries and asset types.

KomRent is a residual-based rental provider

that enables businesses to acquire equipment

for an optimum period at the most cost-effec-

tive rate. Komatsu buyers will now be able to

procure their Komatsu equipment without hav-

ing to outlay huge amounts of cash up front.

The KomRent solution affords client’s the ability to spread pay-

ments over the useful life of the asset. This enhances cash flow;

and the client still maintains control with flexible end of term

options.

www.komatsu.co.za www.rentworks.co.za

NEW EQUIPMENT

PRODUCTS & SERVICES

From left: Michael Bolland, CFO Komatsu South Africa; Trevor Cronje, CEO

RentWorks; and Deon van Wyk GM Sales, Wesbank.

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