ECIC Head: Business Development, Portia Dube, is a speaker at the Africa Connect Conference 2024 hosted by Transnet SOC Ltd. The objective of the conference is to facilitate dialogues on the various PSPs that are being undertaken and the structural or funding mechanisms that are in place to support the successful implementation of PSPs. It also speaks to the dynamics of freight challenges encountered between African entities. Portia will be speaking on a panel on 27 September under the topic ‘Lessons learnt from funding private sector participation projects across Africa’ moderated by Ms. Olebogeng Marakalla CA (SA), (MBA), Acting General Manager Corporate Finance: Transnet. #ECIC #Transnet #AfricaConnect2024 #PSP #TransnetAfricaConnect2024
Export Credit Insurance Corporation of South Africa Soc Ltd (ECIC)
Insurance
Centurion, Gauteng 2,192 followers
Your Export Risk Partner
About us
The Export Credit Insurance Corporation of South Africa (ECIC) was established 20 years ago, in July 2001. The ECIC provides insurance that enables South African exporters to offer their services and products on the international markets, with particular focus on Africa and other emerging markets that are considered too risky by conventional insurers. Its overarching goal – and its mandate from the South African government as its sole shareholder – is to make South African exporters attractive to international buyers to earn foreign income, stimulate economic growth and create jobs. Along with the ECIC’s major shareholder – the Department of Trade and Industry – the ECIC makes use of market research tools and specialised business development units to create new insurance products that support government’s export promotion objectives. The revised performance bond insurance product, which was launched in 2016, is one such example. The ECIC is also able to price African risk more competitively, given its knowledge of the African market. The ECIC addresses obstacles through facilitation and by aiding in the release of funding required for infrastructure, which is of particular concern to global organisations seeking a presence in Africa. Export credit is imperative, considering capital exports are long-dated assets. It is customary for firms to finance such exports with bank debt for cash flow-management purposes. Export credit financing is therefore an important and key aspect of international trade.
- Website
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https://www.ecic.co.za
External link for Export Credit Insurance Corporation of South Africa Soc Ltd (ECIC)
- Industry
- Insurance
- Company size
- 51-200 employees
- Headquarters
- Centurion, Gauteng
- Type
- Government Agency
- Founded
- 2001
- Specialties
- • Export Credit Insurance, • Investment Insurance, and • Bond Insurance
Locations
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Primary
349 Witch Hazel Avenue, Highveld Ext 79
Centurion, Gauteng 0157 , ZA
Employees at Export Credit Insurance Corporation of South Africa Soc Ltd (ECIC)
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Manana Bosilong
Corporate Social Investment Officer at Export Credit Insurance Corporation
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Stavious Nkhwashu
Export Credit Insurance/BSc Pure and Applied Mathematics
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Philemon Thabo Thobane
Senior Underwriter at Export Credit Insurance Corporation of SA Ltd
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Avhapfani Chicco Nchinyane
Certified Forensic Investigation Specialist,CFE. INSTITUTE OF COMMERCIAL FORENSIC PRACTITIONERS
Updates
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#ECIC is participating in the 6th annual Entrepreneurship Development in Higher Education (EDHE) studentpreneurs Indaba hosted by the dtic and the University of the Witwatersrand on the 5 – 6 September 2024 under the theme "Sustainable Entrepreneurship: Building Businesses for a Better Future”. ECIC Senior Underwriter Ntombifuthi Priscilla Mdluli will be speaking on a panel facilitated by the dtic Exports Branch under the topic "Access to markets: Cultivating an Export Culture Among youth-led enterprises" which aims to empower student entrepreneurs and youth-owned businesses with the knowledge and tools they need to explore international markets. Facilitated by the the dti (Department of Trade and Industry: Republic of South Africa), this session will delve into the significance of exports in driving economic resilience and growth. Through a dynamic panel discussion, they will explore the various trade agreements, including the African Growth and Opportunity Act (AGOA), the African Continental Free Trade Area (AfCFTA), and the trade opportunities offered to young entrepreneurs. #afcfta #afcftatrading #agoa #southafrica #southafricanbusiness #creditinsurance #export #africanbusiness #trade
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#ECIC has partnered with SARA Rail as a sponsor to the 13th Rail Conference and Exhibition held on the 20 – 23 August 2024 at the Sandton Convention Centre. The conversations will include projects and opportunities on offer, as well as engagement with key decision-makers from both railway operators and transport ministries, and different key players and stakeholders from the African Continent and beyond. This year’s event serves as a prestigious platform for industry leaders, stakeholders, and innovators to discuss and explore the latest advancements and opportunities in railway infrastructure and operations. #southafricanrail #railways #railinfrastructure #transportlogistics #africanbusiness #afcfta Portia Dube Marvin Silawule
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ECIC Senior Underwriter, Philemon Thabo Thobane, will also be participating on Plenary Panel 3 titled ‘Funding and Investment: One of the main challenges in African infrastructure development is securing adequate funding and attracting both public and private investments. How does Africa attract Infrastructure Funding and what Financing Mechanisms are available?’ at Infrastructure Africa 2024 in Cape Town on Tuesday, 16 July, at 13h00 CAT. #ecic #infrastructureafrica2024 #africa #infrastructurefinance #infrastructure #african #southafrican #africanbusiness #africandevelopment
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ECIC is a proud sponsor of the 2024 edition of Infrastructure Africa taking place from 16 – 17 July 2024 at the CTICC in Cape Town. The event aims to drive content relating to the business opportunities around infrastructure development in Africa. Infrastructure Africa will connect industry stakeholders, foster dialogue, provide leading-edge information, promote investment and expansion, as well as facilitate business development around Africa’s growth and infrastructure needs. ECIC Senior Underwriter, Philemon Thabo Thobane, will also be representing the Corporation on a Plenary Panel 3 on Day 1 of the event, which will be focused on the challenges facing funding and investment in infrastructure on the continent. #ecic #infrastructureafrica2024 #infrastructure #southafrica #southafricanbusiness #africanbusiness #africa
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ECIC Business Development Specialist, Dr Mbiya Baudouin, will be representing the Corporation at the virtual Africa Business Connect Forum titled: “Optimising business opportunities in South Africa, the beneficial impact of ECIC support to international entrepreneurs” on Friday, 5 July 2024 at 19h00 CAT. The webinar will be broadcast in French. The Africa Business Connect forum represents a major initiative designed to boost economic relations and encourage sectoral partnerships between African businesses and international players. Based on a collaborative and proactive approach, this ambitious programme aims to consolidate trade ties and stimulate economic growth within the African continent. In collaboration with SACCI (South Africa – Cote d’Ivoire Chamber of commerce) and the Randburg Chamber of Commerce and Industry (RCCI). The webinar is a prelude to the 3rd Edition of their annual business forum scheduled to take place in Johannesburg from 26 to 28 August 2024, which attracts entrepreneurs and business people from across Africa. #ECIC #Africanbusiness #Africa #SouthAfricanbusiness
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Green metals play a vital role in the transition to clean energy and the decarbonisation of the global economy. Africa boasts significant deposits of strategic metals pivotal to the global shift from conventional to clean energy sources. South Africa has the largest manganese share on the continent at 40%. In April 2024, ECIC’s PEAR Unit released a Green Metals Sector Report which provides an overview of the metal reserves by country as well as an analysis of the potential global role of African countries in this important sector. Read ECIC’s PEAR Unit Green Metals Sector Report here: https://lnkd.in/d2cCquWc #ecic #greenmetals #cleanenergy #africa #africanbusiness #greenmetals
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The growing momentum globally to transition from fossil fuel-based energy sources to clean energy, has resulted in an increased demand for green metals. Africa’s abundance of green metal reserves presents significant opportunities for investors and exporters and and positions the continent to play a key role in the global green economy. In April 2024, ECIC’s PEAR Unit released a Green Metals Sector Report which explores trade and investment opportunities in this sector. You can access the full report here: https://lnkd.in/d2cCquWc #ecic #energyprojects #africa #africanbusiness #sustainableenergy #greenenergy #energytransition #greenmetals #southafrica
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This morning’s ECIC, Industrial Development Corporation (IDC) and Johannesburg Chamber of Commerce and Industry (JCCI) panel on “Support mechanisms available for South African companies doing business in other African countries” yielded important insights into the IDC and ECIC’s Export Passport Facility of R1.5 billion (US$80 million) which is currently being piloted. The facility aims to stimulate export trade out of South Africa into the rest of the continent under the African Continental Free Trade Area (AfCFTA). ECIC will provide political risk and commercial risk cover through the facility, and it will, amongst other things, cater for Black Industrialists and Small Medium and Micro Enterprises (SMMEs) that are involved in export trade transactions, including new entrants. ECIC’s Head: Deal Origination, Portia Dube, also provided an overview of ECIC’s principles and its expanded mandate, which now includes short term cover. She also spoke to the benefits for lending institutions and exporters when ECIC is involved in export transactions. Portia highlighted that when ECIC provides cover on a cross-border transaction, the corporation remains in the transaction for the duration of the facility. She noted that the starting point of ECIC’s involvement is South African content. For projects in Africa, a minimum of 50% local content and at least 20% from the host country. She reiterated that the ECIC is open for business and eager to support export transactions under the AfCFTA. #ecic #afcfta #afcftatrading #creditinsurance #southafricanbusiness #africanbusiness