RentWorks Africa Launches In Namibia

On 3 January 2014, RentWorks Africa, South Africa's largest independent asset rental company, will launch in Namibia. RentWorks, owned by FirstRand Group, was established in 1998 and was the first company to offer genuine residual-based rental solutions.

Rental industry needs to evolve

Gone are the days when asset rental companies could get by offering run of the mill solutions, says Henk Craucamp, Regional Manager at RentWorks Africa.

Cash versus leasing

Most people are familiar with the expression “cash is king”, but Kuben Rayan, Managing Executive at RentWorks Africa, believes that when it comes to managing cash-flow and conserving capital, leasing is actually often the best option.

IAS 17 – what it means for lessees

International Accounting Standard (IAS) 17 relates to leases and governs the way that they are accounted for in the financial statements of lessees and lessors. As many in the accounting and finance industries will know, IAS 17 is in the process of being updated.

De Beers chooses RentWorks again

De Beers, the world’s leading mining company, in operation since 1888, has awarded a second tender to RentWorks Africa, an asset rental company. The agreement follows on a successful relationship between the two companies over the past three and a half years.

RentWorks reaches first R1billion in non-IT assets

RentWorks Africa has reached a new milestone in its history with a rental book of more than R1billion of non-IT assets. The company has traditionally focused on financing IT assets, since it was first founded in 1998, but in 2007 took the decision to diversify its asset classes.

RentWorks Training Weekend

From 8 to 10 February 2013, RentWorks Africa hosted a MTB training weekend in Hazyview, Mpumalanga. With some of the country’s top riders, Max Knox, Ben-Melt Swannepoel and Yolandi du Toit, onboard as technical advisors, the training camp was the ideal opportunity to pick up some expert tips and tricks.

Rent smart: know your end-of-term options

Much has been written about the benefits of IT rental as compared to cash purchase, from optimising cash-flow to keeping financials liquid and fixing equipment costs. On the other hand, not enough has been said about what happens at the end of the rental term.

Short-term IT rental on the Rise

In the digital age, every industry has been affected by technology development and access to the internet, from agriculture to the arts, and everything in between. The conference and events industry is no different.

RentWorks Africa Launches New, User-Centric Website

RentWorks has launched our new website (www.rentworks.co.za). We decided to freshen up the site, make it easier to navigate and ensure that you can find everything you need as quickly as possible.