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Banking News South Africa

SBV opens cash centre in Louis Trichardt

SBV Services have introduced a new cash centre branch in the Louis Trichardt area, enabling SBV to reach one of their on-going growth strategies which entailed introducing new and upgrading existing cash centres in high cash demand areas.

The cash centre has been introduced in the region with the aim of increasing and managing cash operations in the province. The region was identified as a high cash demand area, booming with both retail and ATM centres. The area previously relied on using the Polokwane SBV cash centre to collect and deliver cash and cheques to and from retail premises. As the demand increased the supply channel efficiency was affected leading to the establishment of the new centre.

The centre was opened on 19 December 2011.

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