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Sasfin was founded on the classic dilemma of the entrepreneur – lack of adequate cash flow to fund the ongoing existence and growth of an intrinsically sound, but under capitalised, enterprise, and the frustrations of seeking a ready solution within the realms of conventional banking practice. An established history has also enabled the Bank to maintain a mature and diversified portfolio of clients which includes local, Africa and multinational corporations as well as local institutions and government agencies.

The Bank provides working capital and international commercial banking support to these clients, including services such as treasury management. Sasfin Bank invested in world-class systems and use innovative technology to provide unique banking services. The acquisition of the historical icon stockbroking firm Frankel Pollak Securities in 2000 raised the need for a solution-based capability to manage the wealth that Sasfin was by now creating both for its own account and for clients.

The Sasfin Wealth Management business unit was thus created for this purpose, with Sasfin Securities (the former Frankel Pollak business), Sasfin Asset Managers, and Sasfin Financial Advisory Services (SFAS) as its trio of core operations.  Today the SFAS division houses a broad offering of services, including Stockbroking and Portfolio Management; Managed Funds; Personal Share Portfolios; Needs Analysis; Financial Planning and Advisory Services; Asset Consulting and Healthcare Consulting.

Besides commercial banking, which includes deposit taking, the provision of cheque services and lending, Sasfin Bank may also carry on any other business which is regulated or authorized by Reserve Bank, including financial advisory services, trade finance, short term investing and short-term foreign exchange.

The Reserve Bank is responsible for bank regulation and supervision in South Africa. The purpose is to achieve a sound, efficient banking system in the interest of the depositors of banks and the economy as a whole. This function is performed by issuing banking licenses to banking institutions and monitoring their activities as regulated by the Banks Act (No. 94 of 1990) and the regulations relating thereto.