This sector encapsulates all business activities that are outside manufacturing, agriculture, construction and tourism. Amongst other activities/ business being financed by this unit are for service offering, trading/ retailing, etc. The business unit provides various facilities which include order finance, Land and Fixed Improvements; Equipment and Working Capital loans.
A vast range of economic activity falls within the tertiary sector. Given the vast scope and differentiated nature of the services sector, it is essential that specific sectors are prioritized in terms of their potential for delivering on specific government policy objectives such as employment, black economic empowerment and enhancing the economy’s overall international competitiveness. These sectors are inputs into the broader economy, and creating efficiencies in these sectors will create efficiencies in the broader economy. The sub-sectors identified by the South African Government that have competitive advantage are as follows:
- Wholesale Trade;
- Retail Trade.
- Accommodation and Food services
- Business services (Process Outsourcing (BPO));
- Communication services;
- Freight, Transport, Logistics and Distribution;
- Financial, Insurance and Investment services;
- Professional, Scientific and Technical Services;
- Information services;
- Real Estate Selling and Leasing services;
- Waste Management and Remediation Services.