Solvency/TraDe

What we offer

In terms of Sections 47B(6), 54E(4), 59A(2)(a), 60(1)(c), 61(1) and (2), 64A(2) and (3), 64B(3) and (4), 64C(1), and 64D(5), the Commissioner may require security to be furnished in a form, nature, or amount determined by the Commissioner to protect the State from any potential loss arising from the activities to be undertaken.

The amount of security will be determined according to established standards and assessed individually based on the relevant criteria.

Clients importing or exporting goods often use ports or rail facilities managed and operated by Transnet SOC Ltd (Transnet). To access these facilities, a fee is payable to Transnet. In some cases, clients may open an account with Transnet, typically with a 30-day payment term. 

To secure the account, Transnet may require a guarantee. If the client defaults on its contractual obligations, such as failing to make payments, Transnet may call on the guarantee.