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Regent Factors (Pty) Ltd is a Durban based company that specialises in short term Debtor Finance in the SME sector. The company was established in 2005 to bridge the gap left by commercial banks in the provision of short-term finance facilities to the SME sector who traditionally do not have the cash flow to grow and improve their businesses. The company initially focused on selective invoice discounting due to funding constraints but grew steadily to include Trade Finance, Reverse Factoring and eventually, Full Factoring. The Full Factoring product is considered to be the most secure model and is widely acknowledged as being the future of the business, along with Reverse Factoring or Supplier Chain Finance. During June 2007 Khula Enterprise Finance Limited acquired 20% of the equity of Regent Factors and the company has since formed a valuable partnership with Khula as well as other companies within the Department of Trade and Industry. In addition Regent Factors has been awarded associate membership of the Debtor Finance Committee of the South African Banking Association. On 01 March 2010 Tactic Financial Services (Pty) Ltd through SME Financial Holdings Limited, a company incorporated and Registered in the Republic of Botswana and accredited by the Botswana International Financial Services Centre acquired 52% of the equity of Regent Factors in a transaction that will not only ensure Regent Factors further enhances its position in South Africa but in addition achieves its goal of growing into a financial services company that will become the Debtor Factoring house of choice for SMEs across Sub Saharan Africa. |
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