Imperial and Sasfin to form joint venture for import and export trade

Financial services group Sasfin and logistics group Imperial, will form a joint venture to assist companies trying to navigate the red tape when dealing with import and export. The new venture will trade as Imperial Sasfin Logistics (ISL), and will offer a range of services from freight forwarding, customs clearing, forex services, and other financing services. Imperial bought 70% of Sasfin Premier Logistics for an undisclosed amount, leaving Sasfin with the remainder of the shares. Imperial Logistics’ main focus is warehousing and trucking, with a large blue chip customer base.