THE PROCESS
STEP ONE:
1. Copies of the following need to be emailed to us:
- Application Form (download)
- Purchase Order
- RFQ/Specification
- Suppliers Quotation for evaluation
2. An obligation free proposal will be emailed through to you for consideration.
3. Validation and verification of Purchase Order will be obtained.
4. On acceptance of proposal and successful verification/validation of your P.O., we will request the following FICA documentation:
- Original or certified CK Document (CK1 for a CC/14.3 for a (Pty) Ltd)
- Certified copies of all directors’ ID’s
- Original Tax Clearance Certificate
- or certified copies of all directors’ proof of residence
- Original or certified copies of the business address
- ID copy and contact detail of next of kin not living with one of the directors
- Proof of business bank account
- Signed resolution giving one director authority to sign documents with Magale
- BEE Certificate
Important: Certification not to be older than 3 months.
STEP TWO :
1. Signing of agreements and opening of regulated bank account.
2. Credit vetting process will start.
3. Changing of bank account at P.O. Issuer and on Central Supplier Database (CSD).
4. Vetting of suppliers and negotiation on price and payment terms will start.
5. Once the change of bank detail has been verified and all of the above have been completed successfully, payment to your suppliers will be processed.
Benefits
- Building your reputation as a successful supplier to government and/or parastatals by increasing your rating
- We provide management of the process and/or mentorship, advice and assistance
- Access to our vast network of reputable suppliers in a wide variety of speciality fields
- Financial risk – we carry the entire financial risk
- Access to working capital, without having to provide security or collateral
- Access to our team of experts, at no further expense
- Rapid expansion of your business – without financial restraints
- Obligation free proposal