EVENTS AND EXHIBITIONS
CAT FINANCIAL OPENS IN SA
By Ntsako Khosa
Hosted at the picturesque Serengeti Golf Club and Centre in Kempton Park on
19 October, Caterpillar Financial Services South Africa, a subsidiary of Caterpillar Inc.,
officially opened its doors to local customers.
From left: Dave Walton (president and CEO of Caterpillar Financial Services Corporation), Richard Kinsey (vice-president of Caterpillar Financial
Services Corporation, with administrative responsibilities for operations in Europe, Africa, Middle East, and the CIS), Dave Brooks (managing
director of Caterpillar Financial Services South Africa), Andronicca Masemola (divisional director: Finance at Barloworld Equipment southern Africa),
Mubeen Khan (managing director of Caterpillar Financial Services Corporation: Africa and Middle East Region), Emmy Leeka (CEO of Barloworld
Equipment southern Africa), Liso Steto (chief director: Black Economic Empowerment at the Department of Trade and Industry), and Ian McCary
(acting deputy chief of mission of the US Mission in South Africa).
O
perating since July 2018, the
entity was established to
support customers in South
Africa. Barloworld dignitaries from
around the world were present to share
in the experience. Kicking things off was
Cat Financial president, Dave Walton.
He emphasised how launching the
entity signified more than just opening
the office — it celebrated Caterpillar’s
commitment to supporting customers
around the southern African regions.
“Two key investments were announced
here last year: the opening of a new
Caterpillar parts distribution centre and the
launch of the Equity Equivalent Investment
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JANUARY 2019
Programme with the Department of Trade
and Industry (dti). And now, the opening
of the office further highlights Caterpillar’s
commitment to supporting the economic
growth, transformation, globalisation,
and job creation in the country,” he said.
Despite the official launch taking place in
October, the office has been in operation
since it opened in July. “We provide
financing, extended equipment protection,
and aftermarket customer solutions to
Caterpillar customers,” he said.
Emmy Leeka, CEO of Barloworld
Equipment southern Africa, took to the
podium next. He expressed gratitude
for seeing various representatives from
around the world, including partners and
customers. “I’ve seen relentless execution
from the Cat Financial team in the last
three months in making sure they can
deliver on their promise. From Barloworld,
we say thank you for the work you have
done,” he shared. Since opening its doors,
over R600-million worth of credit and
R550-million worth of instalment sales
have been approved by the office.
Other speakers included Liso
Steto, chief director: Black Economic
Empowerment at dti; Ian McCary,
acting deputy chief of mission of the US
Mission in South Africa; and Dave Brooks,
managing director of Caterpillar Financial
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