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					Iemas (Co-op) Ltd



Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                 IEMAS (CO-OP) LTD
   The leading Trade Co-operative in South Africa

   More than 70 years in existence

   Governed by the Trade Co-operatives Act 14 of 2005

   Over 148 000 active members

   More than 550 participating employers

   Debtors’ book R2.9 billion (year-end)

   R79.8 million bonus allocated to members in 2010




         Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
NATIONAL FOOTPRINT
    PARTICIPATING EMPLOYERS
Sectors:

Mining
Kumba Iron Ore                         ArcelorMittal
Exxaro                                 Anglo Coal/Anglo Gold Ashanti
Ingwe Mining                           Samancor
Foskor                                 Lonmin
Shanduka Coal



Healthcare                           Higher Education
Medi-Clinic                           University of Pretoria
                                      University of Johannesburg
                                      Tshwane University of Technology

                                     Other
Media
                                     Sasol Limited
Avusa Ltd
                                     Columbus Steel
Media 24
                                     Gijima


         Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
          THE IEMAS OPPORTUNITY
Focus on core business activities
    Outsource financial services to Iemas

A controlled environment
    Pre-determined service times
    Minimum nett salary requirements
    Employer input into credit screening and service delivery
    Registered credit provider

Employees protected against exploitation
    Financial skills training provided free of charge
    Strict but fair credit screening
    Strict adherence to applicable laws
    Credit life insurance with competitive premiums available

Reduced administration
    One consolidated deduction. Information exchanged electronically

No financial risk carried by the employer
            Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
NATIONAL CREDIT ACT, 34 OF 2005

   More than 100 loans or total loans more than R500 000 at any stage

   Must register and become Credit Provider

   Renewal on annual basis at prescribed fee

   Administration e.g. compliance reports, financials, register of loans, reason
    for non-approval and register of loans not approved

   “Payment holidays”

   Reckless lending – register with National Credit Register with fees applicable
    and take into account external debt otherwise liable




            Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
    THE IEMAS PORTFOLIO

                                      Financing
                                   Vehicle Finance
                                    Personal loans
                                   Mini/Maxi loans
                                 Pension-backed loans
Short-term
Insurance                                                              Purchase Card




     Financial Advisory                                 Iemas Money
          Services                                     Matters Training




  Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
          SHORT-TERM INSURANCE
   Bonus regardless of claims (2010 = 5% on total premiums)
   All risk, house content, vehicles and business cover
   Competitive premiums
   Contact centre available for administration and claims
   Expert advice

Homeplex Insurance
     Underwritten by Santam
     Caters for lower income earners
     Cover for brick building and household contents
     Premiums starting from R15 per month




           Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
  FINANCIAL ADVISORY SERVICES

Iemas Funeral Care Plan
    For Iemas members including parents, extended family and domestic
     worker

Iemas Group Umbrella Cover for the Employer
    Group cover to suit individual employer requirements

Iemas Private Portfolios
    Individual solutions for wealth creation and preservation

Additional Financial Services
    Individual funeral, risk and savings policies
    Retirement, risk, estate planning and counselling




          Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                      VEHICLE FINANCING

   New and pre-owned vehicles
   Financing without deposit available (depending on profile)
   Residual value transactions
   Private transactions
   Additional payments credited against capital
   Annual bonus on interest further reduces effective interest rates (2010 = 12% on
    interest)
   Refinancing available
   Boats, caravans, motorcycles, etc.
   Search for vehicles on the Iemas Wheels website: www.iemaswheels.co.za




                Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                      PERSONAL LOAN

   Secured/Unsecured personal loans
   Up to R50 000 depending on individual profile and income
   Maximum payback term up to 60 months
   Interest rate from prime and Iemas bonus on interest further reduces
    effective interest rate
   Bonus 2010 = 10% on interest




           Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                                 MAXI LOAN

   Used to consolidate debt, garnishee orders etc.
   Up to R25 000
   Maximum payback term up to 36 months
   Free family benefits (funeral management services, HIV/AIDS counselling,
    prepaid airtime discount)
   Bonus 2010 = 7% on interest




             Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                                MINI LOANS

   Used for emergencies and small expenses such as school fees etc.
   No security or deposit needed
   Competitive interest rate
   Bonus on interest (2010 = 10% on interest) which further reduces effective
    interest rate
   Maximum payback term of 12 months
   Maximum loan amount R5 000




             Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
         HOME IMPROVEMENT LOAN

   Agreement with pension / provident fund necessary (Currently 40+
    agreements)
   Owner-builder applications accommodated as well as building in rural
    areas and home improvements
   Annual bonus on interest (2010 = 7.5%) further reduces interest rate
   Maximum payback term up to 20 years (depending on fund rules)
   Max loan amount normally 60% of available fund after taxation (depending
    on fund rules)
   Members receive value adding Iemas Assist products
   Fund is protected




             Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
           IEMAS PURCHASE CARD
    Bonus on purchases 2010 = 3% (excluding fuel)
    Interest-free credit (up to 55 days)
    Budget facility available
    Network of suppliers
    Supplier search facility on www.iemas.co.za
    Additional cards
    Low cost structure (First 3 months FREE)
    Detailed monthly statement by e-mail or post

    National Suppliers
             Woolworths                  Game
             Shoprite                    Checkers
             Hyperama                    Ackermans
             Dis-Chem                    Trade Centre
             Shoe City                   Builders Warehouse

           Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                IEMAS MONEY MATTERS
       Provided free of charge
       Presented in various languages & literacy levels
       Presented at the workplace
       Introduce as part of Induction and Skills Development
        programmes
       Bank SETA approved
       Training conducted by facilitator
7 Modules:
        The role of money
        Planning and organising a budget
        Escape from a debt trap
        Savings and investments
        Financial needs analyses
        Buying a car
        Housing options

                Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                    IEMAS BONUS
PRODUCT                            AMOUNT                RESERVE       CASH

Iemas card                         R30 000 p annum        270          630
3% bonus on purchases              R2 500 per month
                                                                900
Short-term insurance               R12 000 p annum
                                                           0           600
5% cash bonus on annual            R1 000 per month
premiums                                                        600
Vehicle of R140 000 @ 11.5% over   R14 965.29 interest   1526      269
60 months                          first year
(12% BONUS)                                                     1795




    TOTAL BONUS R3295               Interest on savings 2010 = 7 %
STEPS TO A WIN-WIN SITUATION


                                      Presentation

                      Communication with stakeholders

                            Sign employer agreement

Implementation meeting (file layout, service times, training schedule)

                                    Implementation




        Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815
                              THANK YOU
Iemas, your friend in financing and insurance!




  Iemas is an authorised financial services and credit provider   NCRCP 1332/ FSP 15815

				
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