Retail Services News South Africa

Trifecta Capital's transfer secretary service goes live

Strate, the licensed Central Securities Depository (CSD) for South Africa, has given approval for Trifecta Capital's transfer secretary service, which went live in July 2013. The service caters for a broad range of functions required for registry administration, with the management of shareholders, BEE participants and other key stakeholders in accordance with the new Companies Act.

It uses an internationally accredited, trusted and recognised share registry management system from a Fortune 500 company, enabling the administrator of shareholder information to utilise its system 24/7. It can be tailored to suit client needs in providing a cost effective, beneficial function to an organisation.

"We are delighted that the service has been given full approval by Strate, so we can bring the integrated and relevant product benefits directly to our clients," said Tim Marshall, CEO, Trifecta Capital Services.

"Recognition of this product is an important milestone, in that it provides a missing link in proactively managing the ever-changing regulatory, social, environmental and governance landscape in South Africa."

In addition, it has mandated Société Générale Securities Services (SGSS) in South Africa to provide custody and trustee services. These services will initially be provided in South Africa with further implementation planned into other jurisdictions where it is present.

The company is among the global leaders in outsourced services for private and public sector clients with offices in South Africa, Kenya and Europe. It administers more than 2-million accounts annually and drives stakeholder communications, migrating audiences to the digital media environment.

For more information, go to www.trifectacapital.com.

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