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RentWorks introduces short-term rentals

Johannesburg, 12 Aug 2004

South Africa`s largest technology rental company RentWorks today announced the launch of its Short-Term Rental offering. Designed to meet customers` short-term rental requirements, RentWorks has a fleet of desktops, laptops, fax machines, printers, projectors, photocopiers and plasma screens available for rental.

The Short-Term Rental solution will cater for customers who have equipment requirements for situations such as conferences, exhibitions, functions, training sessions, short-term projects and . Short-term rentals can also be used to satisfy equipment demand in periods of increased workload, such as year-end stock counts.

"This offering was launched to meet the requirements a growing number of new and existing customers who only need equipment for short periods - such as resourcing once-off projects or events," says Peter Rowley, general manager of RentWorks` supply chain division.

Customers often require equipment for only a short period, however, they may still want to take advantage of the numerous benefits that equipment rental offers. RentWorks` Short-Term Rental offering addresses this need by supplying flexible and customised offerings while providing access to the best possible equipment. As part of the rental agreement, RentWorks will deliver, maintain and insure the equipment and collect it at the end of the rental term.

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RentWorks

Established in 1997, RentWorks South Africa provides rental finance solutions directly to customers and through the development of vendor finance programmes for technology manufacturers and large resellers. RentWorks has developed an extensive suite of flexible rental solutions that assist customers to make financial sense of technology and has grown to become a leader in the rental finance industry.

RentWorks South Africa has over R3 billion worth of assets currently under management. Its rental solutions allow customers to redirect their capital towards investment in assets that appreciate rather than assets that drop in value quickly.

RentWorks helps organisations to avoid equipment obsolescence and large up-front payments, while at the same time spreading the cost of the rental equipment over its useful life. In 2003 Millennium Consolidated Investments, a black owned and managed investment holding company chaired by Cyril Ramaphosa, purchased a controlling share of the South African RentWorks operation. The partnership re-positions RentWorks Africa as a fully black empowered entity. Priding itself on comprehensive industry knowledge and as an innovator of flexible rental solutions, RentWorks provides tailored solutions to meet the needs of both corporate and government users.

For more information on RentWorks, visit http://www.rentworks.co.za.