Executive Summary

treasuryone-south-africa-case-study-executive-summaryEstablished by the Chamber of Mines of South Africa in 1920, Rand Refinery is an integrated single-site precious metals refining and smelting complex. In the early days of South African gold mining, the crude bullion produced had to be shipped to London for refining. However, the year 1909 was the first step on our journey of independence when the Transvaal Chamber of Mines founded the Witwatersrand Co-operative Smelting Works to treat the gold and silver bearing by-products from reduction works.

On 27 November 1920, Rand Refinery Limited was registered as a private company with initial capital raised from shares limited to gold mining companies members of the Chamber of Mines.

Client Profile

treasuryone-south-africa-rand-refinery-logoYear founded: 1920

Industry: Metals and Mining

Headquarters: Germiston, South Africa


treasuryone-south-africa-case-study-solutionRand Refinery Limited selected TreasuryONE as their Treasury Systems Provider to support its treasury operations.

treasuryone-south-africa-case-study-solutionTreasuryONE host, implement, and integrate the treasury management system (TMS) so that the TMS place no strain on internal client IT resources.

treasuryone-south-africa-case-study-solutionTreasuryONE also takes full responsibility for first-line support and training.

treasuryone-south-africa-case-study-solutionAn added benefit to clients is that clients can tap into the outsourced treasury services offered by TreasuryONE when required – our market risk and cash and liquidity teams add immense value to treasury teams.