The Export Credit Insurance Corporation of South Africa SOC Ltd (ECIC) is an entity of the Department of Trade, Industry and Competition under the National Government of South Africa.
ECIC is a PFMA schedule 3B entity and is subject to the supervision and regulation by the Prudential Authority and Financial Services Conduct Authority in terms of the Insurance Act, 2017.
The mission of the Export Credit Insurance Corporation of South Africa SOC Ltd (ECIC) is to provide insurance solutions in support of South African goods and services by applying best practice underwriting and risk management principles.
To support this mandate, the Export Credit Insurance Corporation evaluates export credit and foreign investment risks and provides export credit and foreign investment insurance cover on behalf of the government; and underwrites loans, including equity investments for the export of goods and services from South Africa.
The Export Credit Insurance Corporation extends its services as far as it can, consistent with preserving the financial viability essential to its long-term support of goods and services; and provides sound and efficient financial services that contribute to public confidence and comply with international standards.
Since its inception the mandate of Export Credit Insurance Corporation of South Africa has been the facilitation of export trade and cross-border investments. Historically, the Export Credit Insurance Corporation has been supporting capital goods exports and services.
In 2021, the mandate of the Export Credit Insurance Corporation was expanded beyond capital goods exports. The authorisation to support non-capital goods exports lays the basis for the Export Credit Insurance Corporation to insure consumer goods and short-term export transactions with a tenor of less than two years.
On 15 May 2024, the mandate of the Export Credit Insurance Corporation was extended to cover Euro-denominated transactions. This presents new opportunities in new markets addressing the request from both exporters and South African banks.
Overseeing Department/Entity
Office Bearers/Management
Chairperson
- Mr Dheven Dharmalingam
Board Members
- Mr Errol Makhubela
- Ms Lerato Mataboge
- Ms Vuyelwa Matsiliza
- Mr Sisa Mayekiso
- Ms Lerato Mothae
- Ms Siobhain O’Mahony
- Ms Deshni Subbiah
Chief Executive Officer
- Mr Ntshengedzeni Gilbert Maphula (Acting)
Chief Financial Officer
- Ms Noluthando Mkhathazo
Chief Operations Officer
- Mr Ntshengedzeni Gilbert Maphula
Senior Management
- Mr Sias Esterhuizen (Chief Actuarial and Investment Officer)
- Ms Mmapula Madonsela (Manager: Human Resources)
- Ms Nettie Moffatt (Company Secretary)
- Ms Dianne Naicker (Acting: General Counsel)
- Mr John Omollo (Chief Risk Officer)
Communications Officers
- Mr Ismail Carr (Head: Marketing, Communications and CSR)
- Mr Warren Koen (Manager: Office of the CEO)
- Ms Mmapula Madonsela (Manager: Human Resources)
- Ms Dheshree Nelson (PR and Communication Specialist)
- Mr Odirile Ramasodi (Marketing Officer)
- Ms Simangele Sealetsa (Senior Compliance Officer)
Contact Details
The contact details of the Export Credit Insurance Corporation of South Africa SOC Ltd (ECIC) are listed in the table below.
| Physical Address: | Bylsbridge Boulevard Office Park Building 9, Fourth Floor, 11 Byls Bridge Boulevard, Highveld Extension 73, Centurion |
| Postal Address: | P.O. Box 7075, Centurion, 0046 |
| Telephone: | 012 471 3800 |
| Email: | info@ecic.co.za |
| Website: | www.ecic.co.za |
