Prosperytal Unleaded (Pty) Ltd is the vehicle through which Prosperytal, oil companies and commercial lenders will fund HDI and more specific, BEE fuel retailers.
A South African oil company obtained wholesale funding during 2003 for its national retail HDI roll-out strategy. The oil company found the implementation of the transaction strenuous and tedious; the oil companies are not finance lenders – a solution had to be devised. Prosperytal, through its experience in raising business finance and entrepreneurship development, devised this solution – a strategic funding structure tailor-made for the retail fuel industry: a niche-financing vehicle to fund Fuel Retail Dealerships with HDI focus.
Detail on the comprehensive finance strategy will be available soon, and a launch of the finance strategy will be announced shortly. Keep a lookout for the announcements in the press.
