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ECIC (Export Credit Insurance Corporation of South Africa)

ECIC (Export Credit Insurance Corporation of South Africa)

Export Credit Insurance Corporation SOC Limited (ECIC). Export Credit Insurance Corporation of South Africa SOC LTD (ECIC) is the official export credit agency (ECA) of the South African government, founded on 02 July 2001 in terms of the Export Credit and Foreign Investments Insurance Act 78 of 1957, as amended.

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The corporation operates under the auspices of the Department of Trade, Industry and Competition. The mandate the corporation is to facilitate and encourage South African export trade by underwriting bank loans and investments outside the country to enable South African contractors to obtain capital goods and services contracts in countries outside South African borders.

The Corporation is a self-sustaining company and a Schedule 3B entity under the Public Finance Management Act, 1999 (as amended). The Corporation is regulated by the Financial Sector Conduct Authority and Prudential Authority, respectively, and subject to legislation applicable to state-owned companies.

The ECIC facilitates cross-border investment and export trade through provision of commercial and political risk insurance to South African exporters of capital goods and services to support medium and long-term loans advanced by banks and other financial institutions.

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Meet at the event

Ben Fugah

Ben Fugah

Head - Political and Economic Research
ECIC
Ismail Carr

Ismail Carr

Head: Marketing, Communications & CSR
Export Credit Insurance Corporation of South Africa (ECIC)
Kutoane Kutoane

Kutoane Kutoane

Chief Executive Officer
ECIC (Export Credit Insurance Corporation of South Africa)
Lizzy Magagula

Lizzy Magagula

Senior Underwriter
ECIC
Mandisi Nkuhlu

Mandisi Nkuhlu

Chief Operations Officer
ECIC (Export Credit Insurance Corporation of South Africa)
Paul Mojalefa

Paul Mojalefa

Business Development Specialist
ECIC

Attend our sessions

Africa ECA Export Finance Trends Flexibility/Innovation OECD consensus
An ECA update

An ECA update

As the market becomes more and more challenging, ECA support will be more necessary than ever. We gather ECAs and product users active across Africa to consider what the product is needed for in these trying times:

  • What initiatives is ECIC working on to support businesses impacted by Covid-19?
  • What have international ECAs offered for their local exporters seeking to do business in Africa?
  • Businesses will continue to need support even when the bulk of the crisis recedes. Will ECA led initiatives be long-term, and how do they plan to serve their clients further down the line?
  • Will the OECD need to become more flexible in its guidelines surrounding local content? To what extent are these rules inhibiting international investment into African projects in need of ECA cover?
Craig Weitz
Principal : Export Credit Finance, Nedbank CIB
Joy Albright
Senior Manager, Legal Department, Afreximbank
Mandisi Nkuhlu
Chief Operations Officer, ECIC (Export Credit Insurance Corporation of South Africa)
Moderator
Sujithav Sarangi
Executive Director, Structured Export Finance, Standard Chartered
Watch On demand
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