Export Credit Insurance Corporation of South Africa (ECIC)
Public Entity · Economic Infrastructure and Development · reports to Department of Trade, Industry and Competition (the dtic)
The Export Credit Insurance Corporation of South Africa provides political and commercial risk insurance to South African exporters and to lenders financing export transactions. It operates under the Export Credit and Foreign Investments Insurance Act, 1957 (Act No. 78 of 1957).
It underwrites medium and long-term export credit, principally for capital goods and project exports into the rest of Africa and other emerging markets, covering risks that commercial insurers will not carry. Its cover is backed by government, which allows it to support transactions that would otherwise not be financeable.
By insuring these risks it enables South African exporters to compete for large infrastructure and capital projects abroad. It reports to the Department of Trade, Industry and Competition.
Audit record, 5 years
Financial highlights, 2024/25
- Total Revenue
- R1.3bn
- Total Expenditure
- −R330m
- Total Assets
- R10.7bn
- Total Liabilities
- R1.2bn
Values in rand. Sparklines run oldest to newest and are scaled to each series, not to zero.
Leadership, 20 listed
- Chairperson
- Ms Delia Ndlovu
- Board Members
- Mr Sipho Bhanisi Ms Xoliswa Daku Mr Luke Govender Mr Sisa Mayekiso Mr Bheki Mkhize Ms Philisiwe Mthethwa Ms Siobhain O'Mahony Mr Willem van der Spuy
- Chief Executive Officer
- Ms Linda Seroka
- Chief Financial Officer
- Ms Noluthando Mkhathazo
- Senior Management
- Mr Sias Esterhuizen Ms Mmapula Madonsela Ms Nettie Moffatt Ms Dianne Naicker Mr John Omollo
- Communications Officers
- Mr Warren Koen Ms Dheshree Nelson Mr Odirile Ramasodi Ms Simangele Sealetsa
Description written for this directory from the entity’s own published sources: www.ecic.co.za, www.gov.za