South Africa: The African powerhouse

A promising destination for foreign investments

South Africa is recognised as one of the most advanced, diverse and promising emerging markets in the world. With a world-class business infrastructure, a robust regulatory framework and double taxation agreements with many countries - including Mauritius, Cyprus and Malta - South Africa has earned its reputation as the powerhouse of Africa.

It’s certainly widely recognised as an essential gateway to the Africa. With 200 to 300 million people set to reach middle class status across Africa, the continent is primed for a considerable amount of growth. In fact, the McKinsey Global Institute considers Africa to be the world’s second-fastest-growing region, creating new and exciting business opportunities for international organisations to invest and expand with the robust, vibrant and bustling economy.

A favourable exchange rate, low cost of doing business and a high standard of living makes investing in South Africa fiscally sound and great value for money.

Our core areas of expertise

TMF Group has offices located in Johannesburg and Cape Town, and our client-focused team of experienced accountants, company secretaries, lawyers and paralegals are supported by strong, professional administrators with a proud record of excellence. Our staff are qualified professional from associations such as Chartered Accountant (SA), Association of Certified Chartered Accountants, Admitted attorneys, Chartered Secretaries of Southern Africa and the Institute of Directors.

Our clients include all of the leading South African and a number of international banks, and we work closely with all of the major law firms and investment houses in South Africa. We also provide a range of services to a number of listed local and international companies.

We’ve been operating in Southern Africa since 2003.  With an initial focus on the securitisation industry, we expanded to cover a broad range of corporate business solutions in the Southern African structured finance, corporate securities and Global Business Services markets. Additionally, TMF South Africa acts as security agent on numerous South African renewable energy transactions.

TMF South Africa is actively member of: The South African Securitisation forum (SASF),  The Franchise Association South Africa (FASA),  South African Oil & Gas Alliance (SAOGA), The SA Israel Chamber of Commerce (SAICC), Institute of Directors in Southern Africa (IoDSA), Loan Market Association (LMA)

Our full range of services include:

  • Accounting and Tax services: We take care of local statutory bookkeeping, full consolidated accounts and management reporting to relevant local and international standards. We also help you manage your tax and reporting obligations.
  • Corporate Secretarial services: We can take care of recurring compliance filings, manage routine corporate changes and retrieve any official corporate documents from official registries.
  • Governance services: We help you stay compliant, manage your risk and stay on the right side of regulators and filling requirement for CRS, FATCA, KYC and BEPS related regulations.
  • HR and Payroll services: We help you to hire the right people, apply and implement international policies in employment contracts and handbooks, and pay your staff in compliance with local law.
  • Structured Finance services: We also offer a wide range of services to support securitisation and structured lending transactions, including company and trust administration, escrow agent, transfer agent, calculation and paying agent, security / enforcement agent and independent trustee and director services.

Besides our global portfolio, TMF Group in South Africa can help business with: 

Portfolio Risk Mortgage Management System (PRoMMiSe)

Created as a management information system in 2001, PRoMMiSe is offered through a joint venture between TMF Corporate Services (South Africa) and Hypoport BV. It’s evolved as a tool to administer a wide variety of asset backed security (ABS) data for asset and liability reporting, such as investor reporting, fair value reporting, performance measurement reporting, data consistency and accuracy reporting. It can handle the complete value chain typically involved in the securitisation process, and can manage different asset types, including mortgages, lease receivables, credit cards, micro loans, consumer loans, SME loans, and corporate loans.

PRoMMiSe also delivers high quality consultancy services, structured finance advisory and data analysis. PRoMMiSe platform solutions and services are used by a broad range of clients, from banks to trust firms, insurance companies, lease companies, pension funds, central banks, rating agencies and data vendors.

Expat services

Our local experts can provide assistance with temporary residence applications in the following categories:

  • “General” Work Visa
  • Intra Company Transfer Work Visa
  • Critical Skills Work Visa
  • Section 11(2) Visitor’s Visa
  • Business Visa
  • Corporate Visa
  • Permanent Residence
  • “Undesirable Status” – Waiver Applications
  • Expat tax compliance

Recruitment

  • General staff recruitment

Get in touch to find out more about how we can help you grow, invest and succeed in South Africa.

To find out exactly how we can help you, speak to our experts

We deliver tailored solutions to each precise location that allow you to operate smoothly from day one.

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