RMB – Best Cash Management Bank in SA

RMB – Best Cash Management Bank in SA

Global Finance magazine has named RMB as the Best Cash Management Bank in South Africa for 2024. This award celebrates banks from across the world that demonstrate excellence in cash management – from competitive differentiation and profitability to market share and reach.

“We are proud to be honoured as South Africa’s leading cash management bank by such a prestigious global organisation. At RMB we are anchored by a legacy of excellence and driven by the dynamic African market to offer our clients innovative, relevant and value-added solutions for cash management in their businesses,” says Lizelle Pienaar, Head of Treasury and Trade Solutions at RMB.

The award highlights RMB’s understanding that efficient management of money sits at the heart of any business. RMB sets itself apart with an offering that includes visibility of available funds across business units, legal entities, jurisdictions, currencies and banking partners, with the ability to invest surplus funds in a way that balances the yield and availability of those funds with each business owner’s risk tolerance. Clients are able to draw-down against liquidity facilities when required and RMB works to minimise interest costs and optimise the cash conversion cycle. Most importantly, each client has access to treasury specialists who have a meaningful and sustainable impact on the business. RMB sets itself apart by solutioning with clients in optimising their cash cycle and following their financial flows.

Part of FirstRand, RMB is able to leverage synergies across the Group to create unique solutions for client requirements such as liquidity management, investment solutions and asset management. RMB is also informed by global and regional trends in cash management markets. As a leading CIB franchise across the broader African region, RMB has a deal footprint in over 35 countries in Africa, as well as presence in the UK, USA, India and China. 

Global Finance used a multi-tiered assessment process, which included entries from banks and providers and input from industry analysts, corporate executives, technology experts and independent research, to select the best treasury and cash management providers. Winners were chosen in 71 countries, territories and districts, as well as regionally across multiple categories in Africa, Asia-Pacific, Central and Eastern Europe, Latin America, the Middle East, North America and Western Europe, and in six US Regions. The result – a respected analysis of the banks leading their sector in each country.

“We are delighted to be honoured once again by Global Finance magazine. We look forward to continuing to support our clients with our integrated and innovative value proposition as they grow their businesses on the African continent”, concludes Pienaar.

 Ends