Export Credit Insurance Corporation of South Africa Ltd.
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The Export Credit Insurance Corporation (ECIC) of South Africa provides export credit and foreign investment insurance cover on behalf of the Government of South Africa. ECIC is an independent, limited liability company with the Government of South Africa through the Department of Trade and Industry as the sole shareholder. Our ExpertiseThe Export Credit Insurance Corporation facilitates and encourages South African export trade by underwriting bank loans and investments outside the country in order to enable foreign buyers to purchase capital goods and services from South Africa.A South African entity investing in a foreign entity can be provided with investment insurance cover for losses arising from expropriation, transfer restrictions, war and civil disturbance, breach of contract and protracted default. To qualify, an investment must adhere to the following criteria: (i) it must be a new investment in an existing entity or an entity still to be formed; (ii) approval must be obtained from the host country government and the South African Reserve Bank; (iii) the South African entity must hold at least 26 percent of the paid up share capital with voting rights in the foreign entity; (iv) the investment amount must be at least R200 000. The coverage can be for a minimum of 5 years and up to a maximum of 15 years |
Export Credit Insurance Corporation of South Africa Ltd. Tel. +27 (12) 334 3396 www.dti.gov.za/thedti/ecic.htm CONTACTS HISTORY The ECIC was established according to the terms of the Export Credit and Foreign Investments Insurance Act of 1957, as amended in 2001 by the Export Credit and Foreign Investments Reinsurance Amendment Act (Act 9 of 2001). |