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Services
TFS’s aim will remain focussed on acquiring or establishing financial services businesses that has as focus the entrepreneurial and SME market and all investments are aimed at subsidiary companies that will enhance financial assistance to SMEs operating in this market.
TFS will provide a shared services hub of excellence for its subsidiaries through the delivery and management of (amongst others) financial, investment, risk, actuarial, legal and executive functions. TFS will also perform the treasury function for the Group. TFS’ revenue will mainly be derived from management and administration fees from subsidiaries for the stated shared services, dividend income from subsidiaries and investment income as treasurer of the Group.
The overall object is to create a financial services group that will support the financial needs of SME’s in SA.
TFS will aim:
• to be a full spectrum investment holding company; • focused on SME’s (the acquired businesses will have as objective financial services of SME’s in SA); • to build a new regional financial services group that will serve the needs of SME’s in SA; • to become the intermediary institution between different levels of stakeholders (organisations) within the SME investment value chain; • to connect different stakeholders and allowing for transparent information flow from local fund managers to global investors and vice-versa; • to become an institution with the objective to stimulate and promote private capital in SA to alleviate poverty and to promote sustainable development.
The services that will be rendered by TFS’s subsidiaries will be the solution to SA’s quest to obtain a higher level of rural development, employment, poverty reduction and industry diversification.
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