BUSINESS
AFFORDING SMME CONTRACTORS THE CHANCE TO REALISE THEIR POTENTIAL
Dynapac SA introduces Dyn@fin — a flexible financial solution that assists SMME contractors to
acquire and own compaction and road surfacing equipment.
Small, medium, and micro enterprises
(SMMEs) as well as other developing
contractors have in the past and are
currently still experiencing extreme
challenges to acquire their own
construction equipment. This is due
to limited access to finance and the
associated stringent credit affordability
measures through the normal financial
institution processes. In addition to
severely hampering the development of
these businesses in realising their growth
potential, it also presents a problem to the
development goals of the construction
sector and industry.
Recognising this challenge, Dynapac SA
has introduced a simple, flexible, and
affordable financial solution called Dyn@fin,
which makes it possible for up-and-coming
South African contractors to acquire
and own compaction and road surfacing
equipment.
The finance package offers ownership
of the equipment at the end of the
customer’s selected repayment period,
irrespective of the purchase plan. “This
unique and innovative finance package
stems from our understanding of the
importance of developing the SMME
construction sector so it can play a
more meaningful role, not only in the
construction industry but also in the larger
South African economy,” affirms Neville
Marthinussen, business line manager at
Dynapac South Africa.
Dyn@fin has placed specialist yellow
metal finance management in control
of the finance process with simple,
easy-to-follow steps to assist customers
in obtaining finance in a faster and
much more efficient way compared to
conventional methods.
Various payment options are available,
and Marthinussen points out that each
plan and option is tailor-made to suit the
customer’s current requirements and
business capabilities.
“We are proud of the fact that the
programme was developed in South
Africa especially for the South African
market, with the support from our
regional and global management teams,”
says Marthinussen, who reveals that
they are in the process of rolling the
programme out to all players in the
broader construction industry.
“We want to be part of the solution
to development of the industry and,
through the support of our solid financial
assistance, we are empowering SMME
contractors to create jobs, upskill people,
and uplift communities, ultimately
making a valuable contribution to the
South African economy,” concludes
Marthinussen.