Man is a South African financial services provider. Drawing its strength from the international parent company of MAN finance international Gmbh, the MAN financial services which is a South African subsidiary was formed in 2003. While the foundation of the MAN group is based on being a leading supplier of products and services to the transport and energy sectors, MAN financial services South Africa has dedicated itself to supporting the sales and service chain by providing the fleet owner and the operator customers with an integrated finance solution.
MAN finance South Africa has therefore created a one stop financing facility which is integrated with the purchase transaction. MAN therefore provides finance solutions, insurance solutions and business advisory services.
The MAN finance solutions include instalment or suspensive sale, lease, rental and full maintenance lease. The insurance range of solutions can be customised to meet specific needs. The insurance product portfolio is broken down into four categories which is asset condition, credit protection, business continuation and liability claims. Asset condition is about comprehensive insurance, total loss excess reducer and own damage excess reducer. Credit protection is basically concerned with deposit protector and credit shortfall and violation cover. Business continuation is about loss of use of downtime cover and payment protector. Liability claims covers passenger liability and goods in transit cover.
The MAN business advisory services are meant to help establish long-term business relationships and these services include contract evaluation (legally and financially) valuation of assets, evaluation of cash flow projections and feasibility studies, on going risk management, assistance with vehicle replacement programs etc.
From the above services its clear to see that MAN is ready to do business.