are any private companies willing or
motivated to turn this into a successful
business case remains to be seen, as
massive investments will be needed to
kick start this project and how its use will
be managed could be challenging.
Less than ideal working conditions
mean working as a truck driver in South
Africa is no longer as attractive a career
as it used to be and many of our good
drivers are being lured to greener
pastures, like Europe, which is also facing
a major shortage of truck drivers.
Despite all these environmental
challenges many corporates are now
insisting that trucking operators adopt
the latest Euro 5 technology, despite
that not being legislated by the South
African government, as the practices
of suppliers have a bearing on the ESG
score of these corporates.
Dangerous driving conditions also
mean that vehicles equipped with
increased safety equipment and driving
aids, such as lane keeping assist or radar
based cruise control are becoming more
of a necessity than a luxury.
Many of these challenges mean that
businesses need to invest in new or
additional equipment in order to remain
competitive in the marketplace and
mitigate the disruptions caused by these
external challenges.
“Standard Bank understand that
financing and managing a company’s
assets is critical to the success of any
business, especially in challenging
business environments. Our dedicated
team of experts can arrange a com-
prehensive funding package to suit the
unique requirements of any business,”
says Derick de Vries, Executive Head of
Standard Bank Fleet Management.
Standard Banks’ Commercial Asset
Finance specialists are able to assist
in the financing of passenger and
commercial vehicles, capital equipment
such as tractors, forklifts, bulldozers,
machine tools and office equipment as
well as more specialised assets such
as mining and agricultural equipment
and aircraft.
Apart from traditional assets with
wheels, Standard Bank are also able to
assist with the financing of medical and
technology equipment, which includes
coverage for printing and information
technology sectors and even solar
equipment.
“Off the grid solutions needed to
mitigate service delivery shortfalls such
as load shedding are necessary in order
to do business in modern day South
Africa and Standard Bank are able to
assist in financing this very specialised
equipment,” adds de Vries.
As is very often the case, bundling a
variety of financing agreements under
one portfolio with the same financial
services provider, is the most cost
effective way of financing business
assets. Standard Bank’s ability to finance
a variety of assets in a variety of ways,
make them the ideal partner for doing
business in the South African transport
industry. BFA
“Standard Bank
understand that
financing and
managing a company’s
assets is critical to
the success of any
business, especially in
challenging business
environments. Our
dedicated team of
experts can arrange a
comprehensive funding
package to suit the
unique requirements
of any business”
November 2022 | BUSINESS FLEET AFRICA
WWW.BUSINESSFLEETAFRICA.CO.ZA