DRDGOLD, a prominent gold producer in South Africa, opted to outsource its treasury operations to TreasuryONE because of our ability to handle intricate financial transactions, adeptness in risk management, and state-of-the-art treasury technology offerings.
As a result of this decision, DRDGOLD gained access to a team of treasury experts who manage everyday treasury tasks, world-class treasury technology, and connectivity to all banks. This has enabled the automation of cash and investment visibility.
“With managed treasury services, we have achieved 100% cash visibility across our bank and investment accounts. This level of visibility was previously unattainable and has greatly improved our ability to make informed financial decisions. Overall, managed treasury services have greatly improved our financial management capabilities.” Riaan Davel, CFO, DRDGOLD

TreasuryONE’s managed treasury services provide DRDGOLD with the following:

  • Access to experienced treasury resources skilled in:
  • Currency, Commodity & Interest Rate Risk Management
  • Cash & Liquidity Management
  • Treasury Operations & Treasury Accounting
  • Access to world-class treasury technology
  • Access to in-depth market and economic research
The IT2 treasury management system is used to process all treasury functions, scheduling, controlling, storing, and reporting on all FX, commodities, and other market operations. With IT2, DRDGOLD has access to a feature-rich, stable, and secure platform that surpasses the capabilities of spreadsheets.
Hennie de Klerk, Founder and CEO at TreasuryONE, explains, “Managed treasury services allow the finance team at DRDGOLD to collect and collate data from various sources such as bank accounts and ERPs to provide instant cash visibility. This insight allows for better and easier financial decisions. However well-built a spreadsheet is, it requires a high level of manual and human intervention, taking up an immense amount of valuable time. Errors do creep in, unfortunately, and by the time the spreadsheet reaches the CFO, the information is already outdated. With treasury services at an organisation’s disposal, risks can be significantly reduced”.

Managed Treasury Services Selected by DRDGOLD:

  • FX DEALING: TreasuryONE’s dealing team works closely with DRDGOLD to protect them from adverse movements in the exchange rate when the risk arises, ensuring that the company is effectively hedged and adverse exchange rate movements are avoided.
  • CASH VISIBILITY: An optimally implemented treasury management system initiates and controls the flow of information between all the banks and accounting systems. As a result, DRDGOLD now has 100% visibility of their cash positions on a single view.
  • MONEY MARKET FUNDS: DRDGOLD receives monthly feedback on corporate money market funds and is being exposed to new funds. TreasuryONE has extensive knowledge of corporate money market funds and provides valuable advice and seethrough analysis of underlying investments to meet the strict requirements of the investment policy.
  • TREASURY MANAGEMENT SYSTEM: DRDGOLD’s treasury team can now communicate with the TMS 24/7 via the web, providing them with relevant information such as cash movements and FX deal requests, as well as up-to-date information that is used for operational and management reporting. The TMS further integrates with third parties such as banks and ERP systems, enabling straight-through processing (STP) of journals and other financial transactions.
Hennie concluded, “We are honoured to have been chosen by DRDGOLD to provide treasury services. Our team of treasury specialists and advanced technology solutions enables DRDGOLD to streamline operations, reduce risk, and improve financial performance. We look forward to a successful partnership and delivering exceptional results.”