#Excavation 5/5

Understanding the Tax Implications on Operating Leases in South Africa

RALPH COPE

Nov 9, 20202 min read

Understanding the Tax Implications on Operating Leases in South Africa

The objective of this blog is to understand the difference between input and output VAT on operating leases in South Africa, and the tax...

Accounting for Leases in South Africa after Jan 2019

RALPH COPE

Nov 3, 20202 min read

Accounting for Leases in South Africa after Jan 2019

In the past, the accounting treatment of operating and capital leases was very different. In short, operating leases were off-balance...

Understanding the Leasing of Heavy Equipment

RALPH COPE

Nov 3, 20205 min read

Understanding the Leasing of Heavy Equipment

In 2013 I ran the New York marathon for a charity that provides free financial education to the Mexican community living in New York. The...

Six Ways to Reduce Your Monthly Fuel Bill

RALPH COPE

Nov 2, 20203 min read

Six Ways to Reduce Your Monthly Fuel Bill

Any business operating heavy machinery knows that their fuel bill makes up a big chunk of their total monthly expenses. The objective of...

Three Ways to Reduce Maintenance Costs on Heavy Machinery

RALPH COPE

Nov 2, 20202 min read

Three Ways to Reduce Maintenance Costs on Heavy Machinery

Keeping costs under control in any business is a good strategy. In the heavy machine industry, one of the single biggest expenses...

3 Reasons You Should NEVER Pay Cash for Your Heavy Equipment

RALPH COPE

Nov 2, 20203 min read

3 Reasons You Should NEVER Pay Cash for Your Heavy Equipment

In business, there are three things you should always do without thinking. Firstly, manage your cash. Secondly, talk to your customers...

RALPH COPE

Nov 1, 20204 min read

Should You Rent or Buy Heavy Equipment?

The world's concept of ownership is changing. South African companies have traditionally purchased yellow metal equipment outright. There...

How to Extend the Life of Your Excavator

RALPH COPE

Oct 31, 20203 min read

How to Extend the Life of Your Excavator

An excavator, or any large piece of heavy equipment, is a major capital asset for any business and the objective is to extract as many...

Calculating the Total Costs of Owning and Operating Machinery

RALPH COPE

Oct 31, 20207 min read

Calculating the Total Costs of Owning and Operating Machinery

Before making any decisions on owning/renting/hiring heavy machinery, you need to understand the costs. In this blog, we are going to...

RALPH COPE

Oct 30, 20203 min read

A Look into the Machines of the Future

We are living in an age of technology and innovation. The trend is being driven by Silicon Valley which is shaping the future of mobility...

RALPH COPE

Oct 30, 20203 min read

7 Benefits of Plant Hire

If heavy machinery is an important part of your business, you are faced with the choice of either buying, entering into a long-term...

RALPH COPE

Oct 29, 20203 min read

A Guide to Earthmoving Equipment

You would be hard-pressed to find a more powerful image than moving the earth. If you Google the words “earth moving” you will find...

RALPH COPE

Oct 28, 20205 min read

A Beginner's Guide to Excavators

Vikfin is a specialist in excavators and used excavator spares. This is a simple primer on the basic things you need to understand about...

7 Factors to Consider when Buying a Used Excavator

RALPH COPE

Oct 28, 20203 min read

7 Factors to Consider when Buying a Used Excavator

At Vikfin, we are specialists in excavators. If you are in the market for a second-hand excavator, we have prepared a quick checklist of...

Short Guide to Buying Used Heavy Machinery

RALPH COPE

Oct 27, 20203 min read

Short Guide to Buying Used Heavy Machinery

Let's assume that you are in the market for a used machine. In the same way that there are lots of lemons out there that will leave you...

10 Things to Look for When Buying a Used Machine

RALPH COPE

Oct 27, 20205 min read

10 Things to Look for When Buying a Used Machine

Here are ten things you need to look out for when buying used heavy equipment (source: https://thompsontractor.com/about/resources-(1)/us...

Understanding Vikfin's Rent-to-Own Heavy Equipment Finance

RALPH COPE

Oct 27, 20202 min read

Understanding Vikfin's Rent-to-Own Heavy Equipment Finance

Vikfin’s rent-to-own equipment finance is perfectly suited for small to medium-sized growing businesses because it offers three major...

Outlook for the South African Construction, Agriculture and Mining Sectors

RALPH COPE

Oct 25, 20204 min read

Outlook for the South African Construction, Agriculture and Mining Sectors

Vikfin operates predominantly in the construction, agriculture and mining sectors. We therefore pay close attention to factors that...

New versus Used Heavy Equipment – Make Sure You Have all the Facts before Pulling the Trigger

RALPH COPE

Oct 19, 20204 min read

New versus Used Heavy Equipment – Make Sure You Have all the Facts before Pulling the Trigger

Each purchasing route has its pros and cons. In this blog, we will break down the pros and cons of each option to help you make the best...