Michael Bolland, CFO Komatsu South Africa with Trevor Cronje, CEO RentWorks and Deon van Wyk, General Manager Sales WesBank
Komatsu and RentWorks, a FirstRand Group company, launch KomRent for smart, cost-effective financing solutions
Komatsu South Africa and leading asset rental specialist RentWorks have forged a strategic alliance set to significantly benefit customers in the local capital equipment market.
Known as KomRent, the newly formed division provides a suite of dynamic funding solutions that give customers access to state-of-the art Komatsu equipment without adversely affecting their cash reserves.
â€śKomRent represents our response to tough market conditions and a shift in the purchasing strategies of customers in the mining and construction industries. Todayâ€™s customers need more flexible funding options and we believe that this new partnership offers them the intelligent and cost-effective solutions they need,â€ť says Komatsu General Manager, Sales and Marketing, Mike Helm.
RentWorks, a FirstRand Group Company, finances more than R3 billion in assets for more than 400 organisations, across a range of industries and asset types.
KomRent is a residual-based rental provider that enables businesses to acquire equipment for an optimum period at the most cost-effective rate. Komatsu buyers will now be able to procure their Komatsu equipment without having to outlay huge amounts of cash up front. The KomRent solution affords clientâ€™s the ability to spread payments over the useful life of the asset. This enhances cash flow; and the client still maintains control with flexible end of term options.
For further information on how to access KomRentâ€™s world-class equipment funding solutions, email firstname.lastname@example.org or
call 0860 RENTAL or 0860 736825.