TreasuryONE, South Africa’s leading treasury solutions company, is pleased to announce that Equites, South Africa’s only specialist logistics property fund on the Johannesburg Stock Exchange (“JSE”), has selected TreasuryONE to provide an integrated solution for their treasury operations related to property investment portfolio management.
Equites is a JSE-listed Real Estate Investment Trust (“REIT”) specialising in the logistics sector and with a strategy of becoming a globally relevant REIT.
The Group achieved a total return of 17.3%, portfolio growth of 33% in FY22 and has a portfolio value of R25.7 billion at 28 February 2022. Equites aims to provide investors with pure exposure to high-quality logistics properties let to investment grade tenants both in South Africa and the United Kingdom.
TreasuryONE will implement and support a world-class treasury management system (TMS) for the treasury team at Equites. The treasury management system will provide an integrated solution that encompasses the financing of property investments, cash and liquidity management and forecasting, internal and external loan administration, interest rate hedging, and financial risk analysis, and provides strong audit features through process maps and performance reporting.
Hennie de Klerk, CEO of TreasuryONE, commented, “We are pleased to welcome Equites to our prestigious list of clients that utilise our treasury technology solutions. In everything we do, we strive to unlock value for our clients. By hosting, implementing, and integrating this treasury management system, we ensure that the technology places no strain on internal client IT resources.”