ECIC unlocks R1.06 trillion to drive investment and exports
Detailed summary
Minister Parks Tau says the Export Credit Insurance Corporation (ECIC) has reached a significant milestone, having unlocked R1.06 trillion in capital for various sectors including…
Trade, Industry and Competition (dtic) Minister Parks Tau says the Export Credit Insurance Corporation (ECIC) has reached a significant milestone, having unlocked R1.06 trillion in capital for various sectors including rail, mining, power, manufacturing, and telecommunications. The Minister was speaking at the ECIC 25-year legacy celebration in Sandton, Gauteng, on Saturday.Established in 2001 under the Export Credit and Foreign Investments Insurance Act, 1957 (as amended), ECIC provides political and commercial risk insurance to South African exporters of goods and related services.
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