As the only foreign exchange and banking franchise in the country and accredited by the Franchise Association of South Africa, BeztForex is a foreign exchange, banking and investments intermediary business in South Africa, accredited by Sasfin Bank and Mercantile Bank. It is also an Authorized Financial Services Provider – FSP 44383 with the Financial Services Conduct Authority (FSCA) and also authorized by the South African Reserve Bank to operate as a foreign exchange intermediary company.
The BeztForex team has combined global trade, foreign exchange and international banking skills of more than 100 years. According to managing director, Rudi Bezuidenhout, “those becoming BeztForex franchisees will be joining a team of highly experienced international bankers. We equip our Franchisees to be successful by providing them with a proven business system. We constantly develop our business system to ensure our growth as well as the growth of our Franchisees.”
Recently featured in the Sunday Times Franchising supplement in partnership with FASA, the BeztForex concept lists its real competitive advantage as “obsession with customer service”. “We provide a very personalized service,” says managing director, Rudi Bezuidenhout. “Clients can transact from their home, office or anywhere. Their transactions are safe as they use the accounts that they directly hold with our banking partners.”
BeztForex is mandated to act and trade on behalf of clients if they cannot do so themselves for whatever reason. The enterprise is accredited with Sasfin Bank, Mercantile Bank, lnvestec Bank and GroBank as a business introducer and foreign exchange intermediary. “Scarcity of human resources means that banks are not readily available to assist clients with complex foreign exchange and global trade transactions,” says Bezuidenhout. “One of the biggest challenges facing importers and exporters involved in cross-border currency payments is how best to manage and mitigate the impact of volatile currency markets on their business operations.”
BeztForex endeavors to establish a hedging trading facility with their partner bank, without the placement of margin, or signing of guarantees or surety. Clients can convert their existing facility into a working capital or overdraft facility. With imports and exports of goods and services contributing almost 60 per cent to South Africa’s GDP, BeztForex serves a sizeable market. For further information on BeztForex’s franchise opportunities visit www.beztforex.co.za.
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