Essentially an IBO is a non-related company that we form on behalf of our clients, which acts as an intermediary between the supplier and the importing company. Many larger multinational companies utilise IBO’s in their procurement process.

The aim is to reduce costs companies face when paying for goods they import with foreign currency. Mitigating currency fluctuations, managing cashflow and offsetting these benefits allow companies to save significantly over a model where they pay suppliers directly for imported goods. 


Our process involves opening foreign currency accounts in the name of the IBO so companies can pay for goods in a chosen currency that aligns with the supplier.

Any saving that is realised can then be held offshore in hard currency, which companies can choose to access and utilise in the future. This ability adds stability to the overall buying process as companies then have the option to benefit in the event of ZAR weakness or strength.