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The Reason Behind It All

Centrafin believes in forming genuine and long-term relationships with each of our clients. Our organization is dedicated to actively immersing ourselves in our clients' businesses, diligently acquiring an in-depth comprehension of their equipment finance needs, and exerting all possible endeavors to meet their unique requirements. We go the extra mile with our service and expertise.



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This will be achieved through the delivery of services that are distinctly

Rapid, Reliable, and Responsive.

In essence, we STRIVE to be

THE EQUIPMENT FINANCIER OF CHOICE,

and we are willing to put our money where our mouth is.
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VALUES

Centrafin applies the Alviva Groups' values as contained in the Code of Conduct. Over and above those group wide values, Centrafin’s distinctive values that speak to our competitive advantage are captured in its mantra: Rapid Reliable Responsive.

VISION

Our vision is to be a specialist principal equipment finance business and the authority in our chosen market in South Africa. This will be achieved through the delivery of services that are distinctly Rapid, Reliable, and Responsive.

MISSION

Centrafin believes in forming genuine and long-term relationships with each of our clients. At our organization, we are fully committed to immersing ourselves in our clients' businesses, diligently gaining a profound understanding of their equipment finance requirements, and tirelessly striving to meet their distinct needs with utmost dedication. We go the extra mile with our service and expertise.

How Asset finance works

Asset finance is a versatile solution applicable to various industries and assets, including manufacturing machinery, office equipment, vehicles, and mining gear. Let's take a quick look at how it works:

  • 1. Asset Selection:

    Firstly, you identify the equipment or assets your business requires, ranging from machinery to vehicles or office equipment.

  • 2. Finance Provider Selection:

    Next, you connect with a finance provider who can assist in funding these assets. Specialized firms like Centrafin can assist you by financing new assets as well as used / second-hand assets.

  • 3. Agreement on Terms:

    You and the finance provider agree on the terms of the financing arrangement, including the duration of the contract, monthly payments, and any initial deposit.

  • 4. Regular Payments:

    Subsequently, you make regular payments to the finance provider, typically on a monthly basis. These payments cover the usage cost of the asset along with interest.

  • 5. End-of-Term Options:

    Upon reaching the end of the financing term, you have several options: (1) Renew the agreement to continue using the asset. (2) Return the asset if it's no longer required. (3) Upgrade to a newer or more advanced asset.

7 Benefits you receive from us

  • We are willing and able to finance software for qualifying clients.
  • As a principal asset financier with a 20-year asset finance track record, we have the expertise and knowledge that enable us to understand your business and transactions.
  • 24-hour turnaround time on application feedback.
  • Flexible deal structures and payment terms.
  • Fully comprehensive insurance cover available.
  • Escalations on payments to meet cash flow requirements.
  • Appetite to finance a wider range of asset classes when compared to the traditional banks.
Contact us today!
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Centrafin’s Equipment Finance Solutions

Centrafin offers funding and insurance for a wide variety of equipment, through the following mechanisms:

Equipment Rentals

An Equipment Rental (also known as an Operating Lease) is a cost-effective way of allowing you as the client the use of an asset (equipment) without having to outlay the full purchase price upfront. This allows you to retain your cash for working capital requirements. As a small business, you have the option (provided that your business qualifies) to treat your operating leases off balance sheet. Thus, it is possible to enjoy income tax savings by claiming rental payments as a tax expense.

For example: You need equipment for your business – perhaps it is a TLB for construction, or laptops for your staff. You don’t necessarily want to purchase the equipment with cash.  

In this instance, an Equipment Rental is a feasible solution. Centrafin, as the funder and Hirer, will buy the equipment you need on your behalf, and in turn you pay Centrafin a monthly rental.

Benefits associated with Equipment Rentals (Operating Rentals) are as follows:

Say for instance you have a consultancy firm, and you currently have outdated IT equipment. You need to upgrade your IT equipment every 3 years or so to better equip your staff with the latest technology. By opting for an Equipment Rental, you can upgrade your IT equipment when needed without the burden of ownership of the equipment (where you need to physically sell your old IT equipment each time you want to upgrade).

  • Rentals are 100% tax deductible as an operating expense, therefore minimizing income tax obligations
  • VAT is not capitalized upfront but rather paid monthly with each rental. VAT on the rental will be regarded as input VAT in your VAT computations

While deposits are required for more expensive capital equipment, it won’t be a requirement for transaction sizes below a certain threshold.

By using Centrafin, you will not be using your credit facilities with your banks and thus your exposure with each respective funder can be managed. We are a principal funder.

Small businesses (provided they qualify) may still treat their operating leases as off balance sheet funding. Larger businesses should consult with their auditors regarding the adoption of IFRS 16.

Instalment Sale Agreements
An instalment sale agreement is a credit agreement between Centrafin and the client where an asset (equipment) is purchased by Centrafin and financed to the client. The client will repay the loan over an agreed period. Ownership of the equipment automatically transfers to the client. An asset and liability is noted on the client’s balance sheet. The VAT of the asset being financed can be claimed by the client up front. Sars allows you to claim back interest charges as well as a wear-and-tear allowance.
Short Term Insurance
Centrafin can arrange insurance of your equipment for replacement value, on your behalf. Centrafin clients are also offered an obligation free opportunity for an assessment of your current insurance portfolio.

Equipment classes we finance

Including but not limited to:

Centrafin

The Story and its People

Centrafin commenced operations in October 2002 as an independent financial intermediary in the operating rental market. In June of 2010, Alviva Holdings Ltd acquired 51% shareholding in the company and in March 2012 Centrafin became a full subsidiary of the group.

Since then, Centrafin has transformed from being a broker to a primary funder, carrying its own in-house finance and debtors’ book.

October 2002

Centrafin entered the rental
finance market as an independent financial intermediary

June 2010

Alviva Holdings Ltd acquired
51% shareholding in the company

March 2012

Centrafin became a full subsidiary of the Alviva Group

May 2016

Centrafin started securitization

December 2017

Centrafin rebranded and moved to our new building

August 2018

Centrafin expanded, adding a
Corporate Asset Finance (CAF) Division

December 2019

Centrafin collaborated with PSG under the banner of Centrasure

June 2021

Advances book surpasses the R1 billion landmark

March 2023

Advances book nearing R1.5 billion

July 2024

Advances book exceeds R2 billion

Today

The day you applied for finance through Centrafin! Click here to apply for your asset finance facility

OUR PEOPLE

Executive Team

JENNY GILL - Managing Director PMD (Cum Laude) (Gordon institute of Business Science)

Jenny has been involved in the rental finance industry since its inception in South Africa in the late 1980s, participating in pioneering the funding of operating rentals through a securitisation vehicle during her tenure at Sasfin Bank.

She has worked with various major finance houses until she started her own brokerage in 1999. In 2002, Jenny became a founder director of Centrafin and has served as its Managing Director for the past 19 years.

She has seen the company grow from a brokerage to a fully-fledged finance house, employing over 50 staff, and managing a book of R1.5 Billion in 2023

JOHAN FOURIE - Chief Operating Officer BCOM (Hon) Financial Management (University of Pretoria)

Johan started his career in the motor industry and, from where in 2005, he entered the rental finance industry when he started with Merchant West Asset Finance.

He joined Centrafin in 2008 as Financial Manager. In 2010, he was promoted to Financial Director, shortly before Centrafin was taken over by Pinnacle Technology Holdings Ltd (now Alviva Holdings Ltd) in 2010. In the 15 years with Centrafin Johan has successfully raised over R1.6 billion in funding for Centrafin, pivotal to the phenomenal growth of the Business.

The 7-year-old Securitization vehicle provides sustainable funding, enabling growth for the Business, from R350 million to R1.3 billion in approved facilities with multiple funders over the years. Since being promoted to COO in 2022 various departments now report to him with strategy implementation being a key focus.

MARTIN SCHEEPERS - Sales Director BCOM

Martin started his career in the engineering and manufacturing industry. He entered the asset finance industry in 2007 with Merchant West.

He fulfilled various roles during his tenure there with the last being at executive level as a director from 2015.

Martin then joined the Centrafin team in 2018 where he started the Corporate Asset Finance division. He was promoted to Director in 2022 at Centrafin and he oversees all business development activities for the organisation.

KOBUS POTGIETER – Chief Technology Officer

Kobus’s journey in the IT industry began in 2007 with studies at CTU, where he became certified in MCT, MCSA, and MCSE. His dedication to technology led to a rewarding role as a lecturer and IT Administrator at CTU.

In 2008, he joined Konica Minolta South Africa’s Server Team as a Software Support Engineer. Over the next decade, he honed his skills, transitioning into the world of Enterprise Content Management Services, where he found his calling in guiding and supporting clients to achieve their digital transformation goals.

In 2019, Kobus embraced a new challenge as a Technical Consultant at BankServ, applying his expertise to assist Centrafin in building its digital infrastructure. Later that year, he took on the responsibility of Head of Systems at Centrafin.

What followed was a period of significant accomplishment. By 2024, Kobus was privileged to be part of the team that helped Centrafin achieve their ambitious goal of a 2 Billion Rand Book. This success led to his well-deserved promotion to CTO.

His journey is a testament to the power of continuous learning and a passion for innovation. Kobus is excited about the future as he continues to drive digital transformation and empower Centrafin to reach their full potential.

Customer Map

Centrafin Footprint

Over 27 000 accounts with Centrafin.

Principal value of loans financed through Centrafin amounts to over R4 Billion.

Centrafin

News and Articles

Centrafin Introduces Cindy the Mulberry Sloth as New Mascot

At first glance, a sloth might seem an unusual choice for a company that prides itself on quick and dependable service. However, Cindy the Mulberry Sloth brings a refreshing contrast and a touch of humour to our brand. Her relaxed demeanour and deliberate pace stand in playful juxtaposition to Centrafin’s core values, highlighting our ability to balance thorough, thoughtful decision-making with swift, efficient service.

Read More »

Buy it cash, or finance it?

While buying industrial equipment with cash offers immediate ownership and cost savings, financing provides critical advantages like preserving cash flow, accessing modern technology, and offering flexible payment options.

Read More »
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Contact Us

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Kindly note we can only consider applications if the entity has been operational for at least 2.5 years.

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Johannesburg (Head Office)

Allandale Offices 2nd Floor, 23 Magwa Crescent Waterfall City, Midrand, 2090
+27 11 654 6460

Cape Town

Virtual Office
+27 11 654 6460

Rental Asset Finance

Maritha Theron
+27 82 563 6024
marithat@centrafin.co.za

Corporate Asset Finance

Martin Scheepers
+27 82 470 3918
martinsc@centrafin.co.za

LATEST NEWS

Centrafin and Industry News

18 Aug, 2021

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