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.
Company Details
- Employees
- 84
- Founded
- -
- Address
- 349 Witch Hazel Avenue, Highveld Ext 79, Centurion,gauteng 0157,south Africa
- Phone
- +27-124-713-800
- in****@****c.co.za
- Industry
- Insurance
- NAICS
-
Insurance Carriers and Related ActivitiesAgencies, Brokerages, and Other Insurance Related Activities
- Website
- ecic.co.za
- HQ
- Centurion, Gauteng
- Competitors
- Sasria SOC Limited, Industrial Development Corporation, Absa Group, Standard Bank Group, The Competition Commission South Africa, Nedbank, the dti (Department of Trade and Industry: Republic of South Africa), Public Investment Corporation, Development Bank of Southern Africa (DBSA), South African Reserve Bank.
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic) Questions
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s helpline number is +27-124-713-800
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s website is ecic.co.za
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s LinkedIn profile is https://za.linkedin.com/company/ecicsa
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic) has
84 employees.
View email and phone details for 84
employees at Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic).
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s industry is
Insurance
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s top competitors are
Sasria Soc Limited,
Industrial Development Corporation,
Absa Group,
Standard Bank Group,
The Competition Commission South Africa,
Nedbank,
The Dti (Department Of Trade And Industry: Republic Of South Africa),
Public Investment Corporation,
Development Bank Of Southern Africa (Dbsa),
South African Reserve Bank.
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s support email address is info@ecic.co.za
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s categories are Insurance
Export Credit Insurance Corporation Of South Africa Soc Ltd (Ecic)'s founding year is 2001
