TreasuryOne will be responsible for Daily Cash Management, Forecast/Liquidity planning, Commodity Price and Exchange Rate Risk Management, Investment and Interest Rate Risk Management plus full Back Office Settlements.

All treasury functions will be processed using the world class IT2 treasury management system to schedule, control, store and report on all FX, commodities and other market operations, providing a much more functionally rich, robust and secure technical platform than is possible with spreadsheets.

The business arrangement between Gold One and TreasuryOne means that the TreasuryOne professional team is now acting as an integral working part of Gold One’s finance operation.  In practice, TreasuryOne experts work in partnership with Gold One’s team to fulfil treasury management requirements, in full compliance with Gold One’s documented treasury policy.

Hennie de Klerk, CEO of TreasuryOne, comments: “Gold One is taking advantage of our full  treasury outsourcing service to enjoy all the cash and risk management benefits of professional treasury management, at a fraction of the cost and risk of setting up and running an in-house treasury function.

I am delighted to welcome Gold One to the TreasuryOne prestigious client community.  We are looking forward to working with them as their treasury management needs grow and diversify into the future.”

About Gold One Limited (www.Gold1.co.za): Gold One Limited is a mining group that is focused on developing and mining low technical risk, high margin precious metal resources in diversified jurisdictions. The company’s flagship Modder East gold mine was advanced from a greenfield exploration project through to production and is the only new mine to be built in South Africa’s historically rich East Rand Goldfield in 30 years.

About TreasuryOne (www.treasuryone.co.za): TreasuryOne was established in May 2000. The company's mission is to provide a broad range of best practice treasury services to organisations of all sizes and levels of complexity, and also to private individuals.  TreasuryOne delivers professional treasury services to clients as and when needed.

All TreasuryOne offerings are fully scalable, so that the client enjoys the benefit of expert, cost-effective advice and execution, without paying for unnecessary staff and system overheads in the specialist field of treasury. Our clients enjoy all the benefits of working with a highly qualified and experienced partner.

TreasuryOne’s product offerings include the delivery and support of treasury management technology systems, foreign exchange rate risk management and execution services, offshore investment transfers, outsourced treasury management operations, investment management, best practise treasury consulting services, financial instrument valuation and treasury training.

Clients experience the value of enhanced treasury performance and reduced risk in today’s demanding financial environment. TreasuryOne is an authorised financial services provider.

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