Issuance of zar 500 million note by merchant west asset finance

Merchant West Asset Finance (“MWAF”) a division of Merchant West Holdings are pleased to announce the issuance of a ZAR 500 million Note under its JSE listed lease backed receivables securitisation programme – MW Asset Rentals (RF) Limited (“MWAR”). The Note was issued on 22 February 2021 and is rated AAA(za) by GCR Ratings.

The issuance was taken up by five different institutional investors, with one investor making their first investment into the structure. This represents the largest single issuance by MWAR since the Programme was established in 2016, bringing the total Notes in issue to ZAR 1.45 billion.

MWAF is an established borrower in the local capital markets, supported by a diverse group of investors. Funding is a core input to the operational efficacy of MWAF and allows the business to continue servicing its’ clientele without disruption. The global COVID-19 pandemic continues to have a devastating human and economic impact, the business is able to leverage its positive performance track record, motivated staff and direct relationships with a growing investor base to ensure its’ continued success.

MWAF is an independent financial services provider with over two decades of experience, supplying innovative financial solutions to South African corporates, SME’s and SMMEs via its nationwide footprint. MWAF is a subsidiary of Merchant West Holding Proprietary Limited.

For more information contact our Head of Capital Markets, Matt Simpkins,


More Blogs

Get in touch
with us

Want answers to a pressing question about our specialist financial services? Fill in the form and we’ll get back to you shortly

Prefer talking?

View a list of all our office numbers and addresses

Join our mailing list for all the latest updates

Copyright © Merchant West. All rights reserved. Web design by Perfect Circle and Brand Strategy by Simon Says



The Merchant West Group and its directors, officers and employees shall not be responsible and disclaims all liability for any loss, damage (whether direct, indirect, special or consequential) and/or expense of any nature whatsoever, which may be suffered as a result of or which may be attributable, directly or indirectly, to the use of, or reliance upon any information, links or service provided through this website or any other form of publication.

Finance is available to businesses within the Republic of South Africa. Terms and conditions apply.