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About Us
Iemas is a co-operative that offers financial services.

We provide affordable and competitive financial solutions to our members across South Africa. As a caring partner, we advise and support our members to ensure that they receive products suited to their individual needs.

A co-operative is member-owned. We are not about making big profits for shareholders, but creating value for our members. This is what gives us our unique character and influences our core values.

With a history spanning over more than 75 years, we have solid experience in financial services. Our vision is to become the most preferred Co-operative in South Africa that offers financial services. We provide a comprehensive range of financial products such as vehicle finance, mini and maxi loans, personal and emergency loans and pension-backed loans.

We also offer a purchase card, short-term insurance and life insurance products.

Our members receive an annual tax-free benefit allocation on the interest paid throughout the year, as well as on purchases made with the purchase card and cash-back benefit on short-term insurance premiums regardless of claims.

Member benefits?

Every year, a portion of Iemas' profits is allocated to our members. This amount, known as the member benefit, varies from year-to-year because it depends on the profits that Iemas made during the year. Every member that utilised Iemas' financing, purchase card or short-term insurance products throughout the year will receive a share of the member benefit allocations.

The Board of directors proposes the percentages to be allocated for each product, and these are then approved by our members at the Annual General Meeting. The benefits are allocated to members in November every year. The percentage benefit that is allocated to the member and the portion paid into a members' reserve (savings) fund depends on the product portfolio that a member used and also on the type of product.

Our performance

Iemas Financial Services (Co-operative) Limited had its financial year end on 31 August 2016. Against the background of global economic uncertainty and increasing regulatory requirements, Iemas' adept execution of its unique strategy and co-operative business model and an absolute focus on service delivery to its members, resulted in another positive financial year for the Co-operative. Our 2016 Annual report is available for viewing here.

Furthermore, as members have a share in the business they regard a co-operative as “their” business. They are the lifeblood of the business and they also share in its prosperity. Therefore, we take great pride in the annual benefit pay-outs, as this provides Iemas with an opportunity to thank its members for their continued loyalty and business. For 2016, Iemas allocated R123,5 million in benefits to our members, which amounts to more than R600 million in benefits since 2010! . View the member benefits history.
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