Gapex (Pty) Ltd is a registered financial services provider and has been authorized by the SARB to provide foreign currency intermediary services. The company was established in 2008 and is a specialized foreign currency intermediary company focusing on cross border currency movement for imports, exports, allowances and discretionary allowance offshore transfers, emigration and travel.
- What does Gapex do, How does Gapex do it, Why Gapex does what it does?
WHAT: What does Gapex offer?
We offer Foreign Exchange and Banking services, products and solutions. Best pricing for forex transactions for importing, exporting, discretionary & investment allowance currency transfers, travel, home loans for Entrepreneurs, vehicle finance for SME’s, POS for SME’s, Money market accounts, Escrow solutions for B2B (Business to Business).
HOW: How does Gapex do this?
We do this by focusing on simple banking solutions to ease the burden of running a business. We focus on the opportunities your business has and ensure we can offer pricing and service levels you expect and offer your clients. Banking made
simple – business banking solutions inspired by entrepreneurs. We network opportunities and solutions to ensure your company can perform at optimum levels and focus on your core strengths and values. We believe in networking and the ability to promote business within our network of clients and providers.
WHY: We believe in Entrepreneurs.
We believe the core of every business is formed by an entrepreneur – a leader, a pioneer, an individual that encompasses the passion, the idea and the vision, someone who boasts the fundamental belief in who they are, their unique product and solution.
We believe entrepreneurs have the ability to grow, develop and transform South Africa.
We believe in proving that every individual has an equal opportunity, no matter how big or small the environment.
We believe they are the foundation for all business….
Gapex wants to lead you in achieving that vision.
- Treasury Markets
Gapex specialises in a full range of treasury products for the business market. We pride ourselves on our ability to offer tailor-made treasury solutions to new and existing clients. Flexible solutions with competitive pricing, our skilled team provides service excellence and efficient turn-around time. Our dealing team and our admin office are professional, efficient and responsive. Gapex treasury offerings include forex, money market solutions, trade finance, escrow solutions and exchange control advice. We make managing currency risk simple and cost-effective.
3.1 Foreign Exchange
Gapex offers a range of services for both importers, exporters & individuals active in cross-border trade. Gapex employs professionals with a wealth of experience, able to advise you and address all your forex requirements.
3.1.1 Spot Market
220.127.116.11 We offer competitive pricing across more than 30 currencies.
18.104.22.168 We negotiate for you to trade in the spot market to lock in favourable rates for all your cross-border dealings.
22.214.171.124 We lower your currency risk with spot market rates and limit the risk of currency fluctuations affecting your business negatively.
3.1.2 Forward Exchange Contracts
126.96.36.199 We hedge your risk and protect your business from unfavourable exchange rate fluctuations
188.8.131.52 You budget more accurately
184.108.40.206 We advise regarding SARB regulations and exchange control requirements.
220.127.116.11 You benefit from competitive pricing with direct access to our dealing room.
18.104.22.168 Reduced brokerage fees by not having to trade directly in the underlying asset
22.214.171.124 Take advantage of price movements in the underlying asset without needing to trade directly in it
126.96.36.199 Benefit from the liquid nature of derivatives which are easily traded
188.8.131.52 Diversify your investment portfolio and reduce your risk
3.1.4 Travel Forex
184.108.40.206 Foreign Cash
220.127.116.11 Travellers Cheques
18.104.22.168 Cash Passport
22.214.171.124.1 Security – Pin & Signature Protected
126.96.36.199.2 Convenient – Free @ Point of Sales internationally
3.2 Money Market Solutions
Gapex offers clients access to money market instruments. With the highly liquid nature of its securities and short-term maturities,
the money market is typically seen as a safe place to invest your business’ funds.
3.2.1 Call Account
188.8.131.52 24-hour access to funds – no notice period required & no withdrawal penalties
184.108.40.206 Move funds in and out of your account as and when required
220.127.116.11 Earn a higher rate of interest than you typically would with a current or savings account
18.104.22.168 The higher your investment balance, the more interest you stand to earn.
3.2.2 Term Deposit
22.214.171.124 Term Deposit account enables you to invest money for a fixed time-period at a fixed interest rate.
126.96.36.199 Interest is payable either monthly or on the maturity date of the deposit.
188.8.131.52 Secure investment with a fixed rate of return over a specific investment period
3.3 Trade Finance
Gapex offers you a range of Trade Finance products and services to address all your international trade requirements. Trade
Finance solutions are generally short term and allow you to trade efficiently, securely and cost effectively.
3.3.1 Letters of Credit
184.108.40.206 Used in international transactions by sellers and buyers to ensure payment
220.127.116.11 Ensure the quality of goods shipped to you by specifying the need for certain documents, such as inspection certificates
18.104.22.168 Reduce your risk of unsettled business and payments with new and unknown trade parties.
22.214.171.124 Benefit from secure trade and limit your import/export risk while growing your business.
3.3.2 Trade Guarantees
126.96.36.199 Trade Guarantee can reduce settlement risk for sellers and expedite the exporting of goods to buyers
188.8.131.52 Well-priced guarantees negotiated with our banks.
3.4 Escrow Facilities
Gapex offers escrow services to address all your local and international trade requirements. Trade Finance solutions are generally short term and allow you to trade efficiently, securely and cost effectively.
3.4.1 Gapex advises on solutions to provide financial protection by securely safeguarding the funds between buyer and seller.
184.108.40.206 Used in international transactions by sellers and buyers to ensure payment
220.127.116.11 Ensure the quality of goods shipped to you by specifying the need for certain specifications.
18.104.22.168 Reduce your risk of unsettled business and payments with new and unknown trade parties.
22.214.171.124 Benefit from secure trade and limit your import/export risk while growing your business
3.5 Exchange Control Advice
3.5.1 Foreign exchange controls are various forms of controls imposed by a government on the purchase/sale of foreign currencies by residents or on the purchase/sale of local currency by non-residents.
3.5.2 Gapex offers advice and understanding of cross-border payments and exchange control rulings surrounding all currency movement.
Gapex’s main competitors are fellow intermediaries, commercial banks who are Authorised Dealers (AD’s) and Authorised Dealers with Limited Authority (ADLA’s). We work closely with some AD’s and ADLA’s to ensure competitive pricing, efficient service and quality advice, research and knowledge about the treasury market.
- Target Market
Gapex has built up a diversified client base over the past 8 years. With over 40 years of experience combined, Gapex offers a cost
effective, informative quality service and direct trading access with the treasury’s dealing desk.
Our clients include companies in agriculture, automotive, computer, construction, education, energy, entertainment, financial services, food, healthcare, hospitality, manufacturing, media, medical, retail, telecoms, transport industries as well as individuals across a variety of financial instruments with a risk to currency exposure and a need for physical delivery of currency or hedging of currency risk.
- Regulations & Governance
South African Reserve Bank is the central bank of the Republic of South Africa. The primary purpose of the Bank is to achieve and maintain price stability in the interest of balanced and sustainable economic growth in South Africa. Together with other institutions, it also plays a pivotal role in ensuring financial stability.
Gapex is authorised under authorisation number 371 in accordance with compliance to conducting a treasury outsourcing business. FSB
The Financial Services Board (FSB) oversees the non-banking financial services industry, which includes retirement funds, short-term
& long-term insurance, companies, funeral insurance, schemes, collective investment schemes (unit trusts and stock market) and financial advisors and brokers.
The FSB is an independent institution, established by statute to oversee the South African non-banking financial services industry in the public interest, and fully funded by fees and levies imposed on this industry. The FSB has developed and maintained a strong, effective presence in the regulatory field, in South Africa and internationally, while working closely with its counterparts elsewhere in Africa to establish solid regulatory frameworks.
The FSB is there to ensure that you are treated fairly by the financial services providers you deal with, and that you enjoy a safe investment environment. The FSB prevents many South Africans from losing their hard-earned money to illegal money making schemes. You can confirm with the FSB whether the entity you are dealing with has a valid FSB licence because only licensed providers are authorised to sell you financial products. It is important to note that the FSB does not regulate or follow up on pyramid schemes, as the South African Reserve Bank takes on this responsibility.
Gapex is an Authorised Financial Services Provider – 37786
- Growth & Prospects
Gapex is excited to continuously look at expanding its products offerings as well as working with our clients to provide ideas and product solutions to banks and industry which work for our clients, rather than against our clients.
Products and opportunities which Gapex will be offering entrepreneurs and individuals going forward:
Point of Sale Solutions
Offshore Investment Opportunities
Offshore Bank Accounts
- FAIS & Ombudsman
8.1 FAIS Ombud for FAIS related complaints not satisfactorily resolved by the FSP and/or Bank.
PO Box 74571, Lynwood Ridge, 0040
Tel: (012) 470 9080
Fax: (012) 348 3447
Web Site: www.faisombud.co.za
8.2 Banking Services Ombudsman who is available to advise you in the event of claim problems, which are not satisfactorily resolved by the intermediary and/or the bank.
The Ombudsman for Banking Services
PO Box 5728, Johannesburg, 2000, South Africa
Sharecall: 0860 800 900
8.3 Financial Intelligence Centre Money Laundering Reporting Officer
Grant Nock (Director)
- 073 865 6568
Peter Nock (Director)
- 073 233 4499