Thungela appoints TreasuryONE as their Corporate Treasury Services Provider

TreasuryONE is pleased to announce that Thungela Resources Limited (“Thungela”) has selected TreasuryONE to support its treasury operations. Thungela (formerly Anglo American’s thermal coal operations) is a leading South African producer of high quality, low cost export thermal coal, well positioned to benefit from improved market conditions and providing a reliable and affordable energy source to customers mainly in developing economies.

Hennie de Klerk, CEO of TreasuryONE, comments: “I am delighted that Thungela has entrusted us with their Corporate Treasury requirements. One of the great benefits of the TreasuryONE offering is that it is immediately available, operates on world class treasury technology and is very scalable. We can get a fully operational treasury department up and running for a corporate business within 60 to 90 days and provide the flexibility to switch additional services on and off as and when required.”

About Thungela – (www.thungela.co.za) 
Thungela is one of the largest pure-play producers and exporters of thermal coal in South Africa, based on aggregate thermal coal reserves and marketable thermal coal production and has a primary listing on the Johannesburg Stock Exchange (the “JSE”) and a standard listing on the London Stock Exchange (the “LSE”).

About TreasuryONE – (www.treasuryone.co.za)

TreasuryONE is South Africa’s market leader in providing a broad range of best practice treasury solutions, treasury management systems and market risk advice to organisations for the past 21 years.

Our product offering includes:

• Market Risk Management and Execution Services
• Corporate Treasury Services
• Delivery and Support of Treasury Management Systems
• Cash and Liquidity Management
• Robotic Process Automation (RPA) Solutions
• Payment Factory Solutions
• Supply Chain Finance Solution