Shimanda Capital | Services

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Finance Advisory and Intermediary services

Offering financial advisory and intermediary services to individual and corporate clients, as a licensed financial services provider (FSP) in accordance with the terms of the license issued by the Financial Sector Conduct Authority (FSCA). The financial solutions include business assurance e.g. keyman insurance, buy & sell agreement; personal life insurance eg death cover, funeral plan; unit trust investments eg lump investments; education plan, and retirement annuity.

Life Cover Products – with no medical tests

Business Assurance

Life Cover Products – with medical requirements

Max Investment Plans Unit Trusts

Retirement Annuity Plans

Accounting Services

maintaining financial records on behalf of clients leading up to the preparation of financial statements. The financial records include, but not limited to, cashbook records, stock records, subsidiary ledgers inter alia.

In addition, physical stock takes financial and non-financial reconciliations, asset register records.

Our practicing accountants are registered and regulated by various accounting organizations.

Is issued by an insurance company or bank to a contractor to guarantee the full and due performance of the contract according to the plans and specifications.

A project requiring a payment & performance bond will usually require a bid bond, in order to qualify to bid for the project. A payment and performance bond will then be required of the winning bidder as a security to guarantee job completion.

Should the contractor fail to construct the building according to the specifications laid out by the contract, the client is guaranteed compensation for any monetary losses up to the amount of the performance bond.

The performance guarantee is arranged through a leading insurance company.

Requirements For Application

SME’s applying for a facility needs to fulfill certain prescribed requirements by submitting the following documents:
▸Company profile (including an organogram and copies of current and previous contracts)
▸Two years’ financial statements and three months’ bank statements
▸Letter of appointment
▸Contract information
▸Guarantee wording requirements
▸Company registration documentation
▸Copies of all members’ identity documents and income tax numbers
▸Copy of letterhead
▸Tax clearance certificates
▸CIDB certificate
All applications are subjected to a thorough analysis to establish the contractor’s risk profile. PCBS also determine contractors’ financial standing and their resource capabilities to fulfil the contract obligations. Furthermore, an owners’ character assessment is carried out

Corporate Clients

▸Emphasis is placed on the financial standing of the contractor
▸Company structure and shareholding
▸Contract information
▸Guarantee wording requirements
▸Securities available

Availed to clients who require professional services on operational, managerial or strategic decisions at any stage of the life cycle of a business. These services comprise of preparation of business plans; credit facility proposals; budgets; cash flows; business turnaround initiatives; procedure manuals; internal control measures; internal audits inter alia.

Insurance for immovable and movable properties or assets, of either a personal or commercial nature. Insurance quotes are sourced from select short-term insurance providers. This service is in demand from both domestic and international clients and we are able to match the expectations of our clients’ needs regardless of their geographical location in this global village.

In addition, flexible premium payment patterns can be arranged from the outset, depending on the client’s preferences namely either monthly, quarterly, half-yearly, or annually.

Motor Vehicles

All Risks

Property Line – buildings

Payroll Services

Maintaining payroll records, generating payslips, all employee-related reports and lodgment of all payroll returns to the revenue authorities.

Tax Services

Maintaining all tax-type reports and filing with the revenue authority according to prescribed deadlines. The tax services comprise of VAT, PAYE, Income tax, PAYE including UIF returns. Handling and servicing of tax clearance certifications of various types.

Corporate Employee Benefit Schemes

These are arranged for company employees and their immediate family members which will cater for death benefits, funeral plans, disability – lump sum and/or monthly income, dread disease – lump sum and/or monthly income, functional impairment, retirement savings. For these standard products offering, there are no medical requirements.