Export Credit Insurance Corporation (ECIC) SA

The Export Credit Insurance Corporation of South Africa (ECIC) provides commercial risk insurance to South African exporters of capital goods and services.

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

𝗘𝗖𝗜𝗖 𝗨𝘀𝗵𝗲𝗿𝘀 𝗶𝗻 𝗮 𝗡𝗲𝘄 𝗘𝗿𝗮 𝗼𝗳 𝗟𝗲𝗮𝗱𝗲𝗿𝘀𝗵𝗶𝗽 𝘄𝗶𝘁𝗵 𝘁𝗵𝗲 𝗔𝗽𝗽𝗼𝗶𝗻𝘁𝗺𝗲𝗻𝘁 𝗼𝗳 𝗟𝗶𝗻𝗱𝗮 𝗦𝗲𝗿𝗼𝗸𝗮 𝗮𝘀 𝗖𝗵𝗶𝗲𝗳 𝗘𝘅𝗲𝗰𝘂𝘁𝗶𝘃𝗲 𝗢𝗳𝗳𝗶𝗰𝗲𝗿

ECIC is pleased to announce the appointment of Ms Linda Seroka as Chief Executive Officer, effective 1 June 2026. Over her stellar 25+ year career Ms Seroka has built a reputation for leading with clarity, discipline, resilience, and execution excellence, particularly in organisations navigating growth, turnaround, restructuring, and large-scale transformation. She previously held senior leadership roles across both the private and public sectors, including executive positions within major South African listed corporate and state-owned entities. She brings extensive leadership experience, strategic insight, and a strong understanding of the financial and export development landscape to her new role. Her appointment marks an important milestone for ECIC as the Corporation continues to strengthen its role in supporting South African exporters, facilitating trade, and contributing to economic growth and industrial development.

𝗖𝗼𝗻𝗳𝗶𝗱𝗲𝗻𝗰𝗲 𝗮𝗻𝗱 𝗖𝗼𝗻𝘁𝗶𝗻𝘂𝗶𝘁𝘆

Ms Seroka’s impressive track record and commitment to excellence coupled with her strategic vision, make her the ideal leader to steer the Corporation toward sustainable export growth, digital transformation, and strengthened stakeholder collaboration, as envisaged in our Corporate Plan. Chairperson of the ECIC Board, Ms Delia Ndlovu, expressed her confidence in Ms Seroka’s leadership capabilities and industry experience, which she says position her well to lead ECIC into its next phase of growth and strategic impact: “The Board is confident that Ms Seroka will provide the leadership and strategic direction required to build on the strong foundation established in the last twenty-five years. Her appointment reflects ECIC’s continued commitment to operational excellence, stakeholder value, and developmental impact.”

ECIC plays a critical role in supporting South African exporters by providing export credit and investment insurance solutions, enabling businesses to expand into international markets while mitigating commercial and political risks. The organisation remains committed to driving innovation, strengthening partnerships, and contributing to South Africa’s broader economic and developmental objectives under Ms Seroka’s leadership.

As we enter this new era of leadership, distinguished by a renewed focus on continued impact and innovation, we anticipate a seamless transition supported by ECIC’s Board and executive team, led by the out-going Acting CEO, Ntshengedzeni Gilbert Maphula.

#ECIC #Leadership #WomenInLeadership #ExportFinance #SouthAfricanExports #InvestInAfrica #ProudlySouthAfrican
#creditinsurance #exportfinance #transformation

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

𝗘𝗖𝗜𝗖 𝘁𝗼 𝗽𝗮𝗿𝘁𝗶𝗰𝗶𝗽𝗮𝘁𝗲 𝗶𝗻 𝗘𝘅𝗽𝗼𝗿𝘁 𝗙𝗶𝗻𝗮𝗻𝗰𝗲 𝗪𝗼𝗿𝗸𝘀𝗵𝗼𝗽 𝗶𝗻 𝗝𝗲𝗳𝗳𝗿𝗲𝘆’𝘀 𝗕𝗮𝘆

ECIC Senior Underwriter Short-term Insurance, Ntombifuthi Priscilla Mdluli, will be participating in an Export Awareness Workshop hosted by @the_dtic at Mentorskraal in Jeffrey’s Bay, on 28 May 2026. Ntombi will be discussing export financing with a focus on the benefits of ECIC’s short-term insurance for both exporters and commercial banks engaging in export trade. She will be speaking alongside representatives from @sarstax, the Department of Small Business Development, commercial banks, the Small Enterprise Development and Finance Agency (SEDFA) as well as the dtic’s Bheki Ngubeni, Mahlatse Mothapo and City Phaahlamohlaka and the International Trade Administration Commission of South Africa’s (ITAC) Dudu Mogale.

#ECIC #exportfinance #exporttrade #intrafricantrade #AfCFTA #creditinsurance #SouthAfricanexports #thedtic

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

ECIC Senior Underwriter, Philemon Thobane, will be delivering a presentation on Trade Finance Instruments at the AfCFTA capacity-building activity for local exporters organised by the SADC Secretariat in collaboration with Trade and Investment KwaZulu-Natal (@tikzn) and South Africa’s Department of Trade, Industry and Competition (@the_dtic) and sponsored by the German Government through Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) on 28 May 2026 from 11h30-12h30 CAT, in Durban, South Africa. The theme of Day 2 of the event is ‘Practical Implementation, Compliance & Export Execution’. Philemon will address the following during the session:

• Key export risks in AfCFTA (payment, political, market), with examples from South African exporters.

• Overview of export credit insurance: how it works and available products.

• Linking insurance to access to finance (working with South African commercial banks & DFIs).

• Practical steps to access ECIC support and prepare bankable export transactions.

#ECIC #AfCFTA #exportfinance #creditinsurance #SouthAfricanbusiness #Africa #Africanbusiness #intraafricantrade

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

ECIC Senior Underwriter, Philemon Thobane, and Marketing Officer, Odirile Ramasodi, will be representing the Corporation at an AfCFTA capacity-building activity for local exporters organised by the SADC Secretariat (@SADC_News) in collaboration with Trade and Investment KwaZulu-Natal (@tikzn) and South Africa’s Department of Trade, Industry and Competition (@the_dtic) and sponsored by the German Government through Deutsche Gesellschaft für Internationale Zusammenarbeit (GIZ) from 27-28 May 2026, in Durban, South Africa.

The AfCFTA workshop aims to strengthen South Africa’s participation in the African Continental Free Trade Area (AfCFTA) by enhancing the understanding, coordination, and practical capacity of emerging and export-ready businesses in KwaZulu-Natal to effectively trade within the African market. It seeks to equip companies with knowledge of the AfCFTA Agreement, including rules of origin, tariff concessions, export documentation, export trade finance, customs procedures, market access opportunities, and regulatory requirements. The workshop further aims to improve private sector readiness for cross-border trade, promote the utilisation of AfCFTA preferential trade benefits, and create a platform for collaboration between government institutions and the private sector to address trade implementation challenges and unlock greater trade and investment opportunities across Africa.

#ECIC #Africantrade #AfCFTA #exporttrade #SouthAfricanbusiness #intraafricantrade #exportfinance #creditinsurance #thedtic #tradetariffs

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

𝗘𝗖𝗜𝗖 𝗖𝗲𝗹𝗲𝗯𝗿𝗮𝘁𝗲𝘀 𝗔𝗳𝗿𝗶𝗰𝗮 𝗗𝗮𝘆 𝟮𝟬𝟮𝟲

Operating within the trade and investment environment, the ECIC recognises the important role that export trade plays in unlocking economic potential across the continent. We remain committed to supporting export development and enabling sustainable infrastructure investment which are critical to advancing regional economic integration, strengthening intra-African trade, and contributing to long-term prosperity across the continent.

As we celebrate Africa Day, the Corporation continues to embrace the spirit of unity, partnership, and innovation, as we collectively contribute towards building a more connected, resilient, and prosperous Africa. Happy Africa Day 2026!

#ECIC #AfricaDay2026 #AfricaRising #TheAfricaWeWant #Agenda2063

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

𝗘𝗖𝗜𝗖 𝗣𝗼𝗹𝗶𝗰𝘆 𝗳𝗼𝗿 𝗣𝗼𝗹𝗶𝘁𝗶𝗰𝗮𝗹 𝗥𝗶𝘀𝗸 𝗖𝗼𝘃𝗲𝗿 𝗳𝗼𝗿 𝗪𝗮𝘁𝗲𝗿 𝗧𝗿𝗲𝗮𝘁𝗺𝗲𝗻𝘁 𝗣𝗹𝗮𝗻𝘁 𝗶𝗻 𝗦𝗮𝘂𝗿𝗶𝗺𝗼, 𝗔𝗻𝗴𝗼𝗹𝗮, 𝗔𝗹𝗶𝗴𝗻𝘀 𝘄𝗶𝘁𝗵 𝗧𝗵𝗲𝗺𝗲 𝗳𝗼𝗿 𝗔𝗳𝗿𝗶𝗰𝗮 𝗠𝗼𝗻𝘁𝗵 𝟮𝟬𝟮𝟲

On 27 March 2026 ECIC declared the ‘Saurimo Policy’, effective. The policy, which is issued to @StandardBankZA, comprises a financial credit facility entered into by the Insured and the Republic of Angola, acting through the country’s Ministry of Finance. ECIC is providing 100% Political Risk Cover, including Protracted Default.

This significant project entails the design, construction and equipping of a new water treatment plant with a daily drinkable water capacity of 60,000m³ per day and associated water infrastructure for the city of Saurimo, which serves as the administrative capital of the Lunda-Sul Province, in northeastern Angola.

The @_AfricanUnion theme for Africa Month 2026 is "Assuring Sustainable Water Availability and Safe Sanitation Systems to Achieve the Goals of Agenda 2063". It brings into sharp focus the necessity for safe water, sanitation, and hygiene (WASH) to ensure sustainable development across the Continent. The theme also serves as a call to action for African leaders to invest in water infrastructure, reducing poverty, improving living standards and driving industrialisation. As Africa Day 2026 approaches, we are proud to showcase this project which promises to have a meaningful impact on water security in Angola.

#ECIC #AfricaMonth2026 #watersecurity #Africa #waterinfrastructure #Angola #SouthAfrica #TheAfricaWeWant #Agenda2063

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

Yesterday’s ECIC Export Engagement Session for the members of the Aerospace, Maritime and Defence Association (AMD) in partnership with the South African Aerospace, Maritime and Defence Export Council (SAAMDEC) provided a unique opportunity for engagement on how the significant challenges facing the sector can be addressed in order to unlock export opportunities across the Continent and beyond. Fiscal constraints, lack of export diversification, bottlenecks and limited capacity, are some of the obstacles currently facing the sector. The workshop outlined amongst other interventions, how the Department of Trade, Industry and Competition’s (the dtic) Aerospace Masterplan Policy is designed to target some of these shortfalls. ECAs like the ECIC are central to the expansion of exports, partnering with banks to provide guarantees, insurance, and structured financing solutions that enable complex defence transactions.

The event highlighted how pursuing blended finance mechanisms and engaging other funding sources, including ECAs and development finance institutions, will help to systematically address funding gaps and strengthen sectoral resilience with the ultimate goal of establishing South Africa’s defence industry as Africa’s one stop hub for solutions and the continent’s trusted partner of choice.

Pictured here is ECIC Business Development Specialist, Katlego Kgapane.

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

Bankability is the one of the major obstacles facing cross-border projects in Africa. In the second installment of our #AfricaDay series, we are focusing on the pioneering Gigawatt Project in Ressano Garcia, Mozambique. Access to reliable electricity determines whether African economies will grow or stagnate. The Gigawatt Project is a natural gas fired power plant initiated in 2016 as part of a 25-year investment into Mozambique’s energy security and long-term economic development. Using natural gas from the country’s own reserves, the facility generates 100 megawatts of electricity to support industrial expansion and reliable energy supply. The cost of the project to production was estimated at USD 212 million.

Project like this do not come to closure easily because cross-border infrastructure carries such significant political and financial risks which can deter investors. This is where the ECIC plays a critical role, by providing political and commercial risk insurance. With this project we partnered with Standard Bank on a USD 80 million loan which supported its bankability and enabled WBHO and Gigajoule to deliver the project successfully. Learn more here: https://t.co/pIKWxVMjlx

#ECIC #SouthAfrica #Mozambique #energyinfrastructure #naturalgas #AfricaMonth2026

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

ECIC is proud to be hosting an Export Engagement Session for the members of the South African Aerospace Maritime and Defence Industries Association (AMD) in conjunction with the South African Aerospace Maritime and Defence Export Council (SAAMDEC). The workshop is scheduled to take place on Wednesday, 20 May 2026 from 09h00-13h00 CAT at the ECIC offices in Centurion. ECIC Chairperson, Delia Ndlovu will present opening remarks and the session will include presentations from AMD’s Sandile Ndlovu and a sector overview by ECIC’s Political, Economic, Analysis and Research (PEAR) and Business Development Unit. This important workshop is designed to create awareness and understanding of ECIC’s product suite amongst key players in the South African Aerospace, Maritime, and Defence sectors to enable them to take advantage of export opportunities across the Continent. The key objectives of the event include: • Raising awareness of ECIC products among SAAMDEC exporters. • Assist in bridging the gap between exporters, their commercial banks, and ECIC, in order to help them reach their strategic goals and objectives. • Facilitate practical pathways for exporters to access ECIC support. • Position South African Aerospace, Maritime, and Defence sector exporters competitively against international players. • Generate tangible project wins, bank financing, and ECIC premium income. #ECIC #defence #maritime #aerospace #exportcapacity #defenceindustry #SouthAfricanexports #exportfinance #creditinsurance #politicalriskinsurance #SADefenceindustry

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

ECIC works with commercial banks, development finance institutions and equipment suppliers to unlock funding for capital-intensive projects. Our cover enables DFIs go into higher-risk areas because they have got ‘downside’ protection. Once they are in, commercial banks normally follow. In most instances ECIC has observed that usually every Rand from a DFI generates another two or three from the private sector. This multiplier effect is highly impactful in getting big projects successfully over the line.

#ECIC #SouthAfrica #capitalinvestment #exportfinance #creditinsurance #AfricaMonth2026

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

As we celebrate Africa Month 2026, we will be showcasing some of our success stories to highlight the impact that they have had not only on the local economy, but the greater region. This week we are featuring the landmark partnership between the ECIC, @Absa Bank and Vuka Timbers, a premier South African forestry and timber treatment specialist.

Through ECIC’s Short-Term Insurance Scheme, a performance guarantee facility valued at USD 2.28 million, enabled the export of 18,000 high-grade wood poles to the Central Electricity Board of Mauritius. With 70% local content, this project directly supports the local economy while simultaneously contributing to key regional energy infrastructure. Watch the full video here: https://t.co/FwtBlj0jXU

#ECIC #Mauritius #SouthAfrica #energyinfrastructure #timber #timberindustry #exportfinance #creditinsurance #AfricaMonth2026 #Africarising #theAfricawewant

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

𝗘𝗖𝗜𝗖’𝘀 𝗪𝗮𝗿𝗿𝗲𝗻 𝗞𝗼𝗲𝗻 𝗮𝗻𝗮𝗹𝘆𝘀𝗲𝘀 𝘄𝗵𝗮𝘁 𝘁𝗵𝗲 𝗰𝗹𝗼𝘀𝘂𝗿𝗲 𝗼𝗳 𝘁𝗵𝗲 𝗦𝘁𝗿𝗮𝗶𝘁 𝗼𝗳 𝗛𝗼𝗿𝗺𝘂𝘇 𝗺𝗲𝗮𝗻𝘀 𝗳𝗼𝗿 𝗦𝗼𝘂𝘁𝗵 𝗔𝗳𝗿𝗶𝗰𝗮𝗻 𝗲𝘅𝗽𝗼𝗿𝘁𝗲𝗿𝘀 𝗮𝗻𝗱 𝗵𝗼𝘄 𝘁𝗵𝗲 𝗖𝗼𝗿𝗽𝗼𝗿𝗮𝘁𝗶𝗼𝗻 𝗶𝘀 𝘄𝗲𝗹𝗹-𝗽𝗼𝘀𝗶𝘁𝗶𝗼𝗻𝗲𝗱 𝘁𝗼 𝗮𝘀𝘀𝗶𝘀𝘁

ECIC’s Manager: Office of the CEO, Warren Koen, spoke to Adrian Ephraim from @BusinessNewsCT about how the global crisis resulting from the closure of the Strait of Hormuz will likely impact local exporters who sell goods to markets that “are already struggling with debt, weak currencies, and high taxes”. As the article points out, the question is no longer if this crisis affects them but rather when and how? Though Warren points out that there is no definitive answer to these questions yet, he does point out that: “This kind of thing could cause defaults and missed payments. We make sure that there is export credit, like bank loans and other things. In the future, this kind of thing could cause exporters to miss payments, which could then cause the banks to make a claim on the loan.” From an ECIC perspective however, Warren highlights that the Corporation has strong solvency cover, and it hasn’t gone over any risk-appetite limits: “This is exactly the kind of organisation you want on your side when the world’s bottlenecks start to close.” Read the full article here: https://t.co/BIdUN0Q68i

#ECIC #Straitofhormuz #exporttrade #oilprices #globaltrade #Middleeast #Africa #Iran #SouthAfricanexports #exportfinance #creditinsurance

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

In the ECIC’s 2026/27 Corporate Plan, Mr Parks Tau, Minister of Trade, Industry and Competition (@the_dtic), highlights how the Corporation is “at the forefront of efforts to establish a fully operational Export-Import Bank of South Africa by 2028. It played a pivotal role in developing the business case that led to Parliament’s approval of sovereign shareholding in @afreximbank. This strategic move will expand access to affordable financing for South African exporters”.

In the Plan, the Minister noted how the establishment of an Eximbank will address the liquidity gap in export-related financing in the country, enabling more manufacturers and exporters – particularly SMMEs and Black Industrialists to participate in global trade. “Together, the ECIC and the future Eximbank will offer integrated financing and insurance solutions that enhance the competitiveness of South African exporters, both locally and internationally. Importantly, the Eximbank will also serve a countercyclical role, supporting exporters during periods of economic stress”. The Minister goes on to mention that the ECIC and Afreximbank “have already demonstrated the power of partnership through the $1 billion South Africa–Africa Trade and Investment Promotion Programme (SATIPP), and discussions are underway to launch SATIPP 2.0 to further support trade in the SADC and Sub-Saharan Africa regions”. The ECIC Corporate Plan for 2026/27 can be accessed in full here: https://t.co/6E9bmyPRaM

@TauParks

#ECIC #SouthAfricanexport #exportfinance #creditinsurance #thedtic #eximbank #Afreximbank #SADC #subsaharanafrica #Africa #AfCFTA #Africanbusiness #Africarising

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

In the latest ECIC Stakeholder Newsletter, Acting CEO, Ntshengedzeni Gilbert Maphula, highlights that there has been a significant increase in momentum across the continent towards intra-African trade. This is being driven by policy reforms, regional integration, and infrastructure development. He notes that trade finance institutions have a responsibility to ensure that this momentum translates into real opportunities for businesses, particularly small and medium-sized enterprises, which remain the backbone of inclusive economic growth.

“As an organisation, we [ECIC] continue to focus on strengthening our trade finance offering by aligning risk mitigation instruments with market needs, deepening partnerships with financial institutions, and supporting transactions that contribute to sustainable development and industrialisation” ECIC Acting CEO, Ntshengedzeni Gilbert Maphula. Access the full newsletter here: https://t.co/gP8dZ4mtDi

#ECIC #exportfinance #creditinsurance #SouthAfricanbusiness #Africantrade #intraafricantrade #AfCFTA

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

Workers’ Day serves as a reminder of the important role that South Africa’s workforce plays in driving progress, building institutions, and contributing to the country’s growth and success. The holiday serves both as a celebration of workers’ rights and as a reminder of the sacrifices made on the long road toward employment equity, and the hard won battle against Apartheid in which trade and labour unions played a key role.

ECIC continues to strive to build an organisation founded on excellence, collaboration, and shared purpose. Wishing all South Africans a Happy Workers' Day 2026.

#ECIC #WorkersDay2026 #SouthAfrica

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

Bankability is one of the major challenges facing capital equipment export projects across Africa. Though ECIC doesn’t make projects ‘bankable’, the Corporation does make them more palatable for commercial banks and investors by absorbing political risks and the risk of non-payment, which allows South African financial institutions and DFI’s to treat high risk cross-border exposures as sovereign backed assets, according to Basel III. This aids in the reduction of risk for the financial institution. Looking to expand your business into Africa? Visit https://t.co/eg9YKzu75t to see how we can help you do this.

#ECIC #bankability #projectfinance #creditinsurance #Africanbusiness #politicalriskinsurance #exportfinance #Africa #SouthAfrica #SouthAfricanbusiness

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

On 27 April, South Africans celebrate Freedom Day, an annual commemoration of a defining moment in our nation’s history — the the day in 1994, when all South Africans, despite race, freely participated in the country’s first democratic elections. It is a reminder of how far we have come, and the responsibility we carry to continue building a united and inclusive society.

As a Corporation, ECIC strives to embody the true meaning of Freedom Day, by embracing the spirit of unity and shared purpose in our work, our relationships, and our contribution to the broader South African economy. This Freedom Day, as a Corporation, we reflect on how far we have come as a country, but also reaffirm our commitment to fostering inclusivity, respect, within ECIC and beyond. We wish all South Africans a Happy Freedom Day 2026!

#ECIC #FreedomDay #SouthAfrica #SouthAfricanFreedomDay #inclusivity #equalityforall

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

Increasingly, regulatory, environmental or sustainability requirements are influencing the structure of equipment export deals that ECIC supports. Did you know that compliance with IFC, World Bank ESG standards and the Equator Principles is now a prerequisite for ECIC support? For more information, visit https://t.co/eg9YKzu75t

#ECIC #ESG #equatorprinciples #worldbank #sustainability #creditinsurance #exportfinance #Africa #sustainablebusiness #exportfinance

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

“The ECIC’s 2026/27 Corporate Plan is aligned with @the_dtic group’s strategic priorities—advancing industrialisation, driving transformation, and building a capable state. These efforts are vital to ensuring that public policy delivers inclusive growth and meaningful economic impact for all South Africans. The ECIC remains a key enabler of South Africa’s export ambitions” Mr Parks Tau, Minister of Trade, Industry and Competition (the dtic). You can access the full Corporate Plan here: https://t.co/a9EH6QALSd

#ECIC #corporateplan #thedtic #SouthAfrican #SouthAfrica #SouthAfricanbusiness #Africa #exportfinance #economicdevelopment #AfricaRising #AfCFTA #creditinsurance

[Export Credit Insurance Corporation (ECIC) SA @ECICSA]

Yesterday, Tuesday 14 April 2026, ECIC Senior Deal Originator, Seth Keshwar, addressed the business forum at the @Wesgro annual Trade and Investment Mission to Windhoek, Namibia, at the NIPAM Conference Centre. The event provided a platform for Seth to engage directly with the South African delegation led by Wesgro and the Tshwane Economic Development Agency (TEDA), about what the ECIC does to support South African manufacturers and exporters looking to explore cross-border investments. He highlighted amongst other things, facilitating the provision of extended credit terms to buyers, provision of payment guarantees and working capital. The Trade and Investment Mission concludes on 17 April 2026.
#ECIC #Namibia #SouthAfrica #crossbordertrade #intraafricantrade #afcfta #Africa