As we know from previous engagements, Enhanced Trading Solutions SA (ETS), offer a comprehensive assortment of trading solutions and is one of Tower Investments’ prominent business partners, holding agreements for varying business operations, one of them being for the funding and administrative support for ETS’ inventory financing programme.
Amaparts, a special purpose company for ETS, has entered into an Inventory Finance Agreement with Tower Investments for the purchase of motor vehicle parts, and will engage with Africa Parts Group (APG), an industrial house of global brands operating in aftermarket automotive parts.
Inventory finance is a form of trade finance. Where goods are purchased (in this instance the purchase of stock of parts for multiple brands by Amaparts ) and are held for APG to sell and distribute as and when they need, on a Just-In-Time basis. This allows more freedom for APG in their business field and for their economic growth.
Tower Investments looks forward to supporting Amaparts and ETS in their future business needs and ventures.