Finance and Export Credit IDC and ECIC

Networking and Growth Session

MEMSA hosted a Networking and Growth Session at the Mandela Mining Precinct on the  1st August 2018 .The session was on finance offeres offered by financial institutions including Industrial Development Corporation (IDC) and Export Credit Insurance Corporation for local manufacturers growth. The objective was not only to understand what the IDC and ECIC (Credit Insurance, as well as an R1 billion export finance programme with Afrexim Bank) offer, but also to get to know key managers at the financial institutions, and to give feedback on the needs of industry. The speakers included Ganief Bardien, Senior Manager for Machinery and Equipment, IDC Zuko Mdandalaza and Mbiya Baudouin, Deal originators (African regions), at ECIC.

Presentations on Industrial Development Corporation and Export Credit Insurance Corporation financial offers can be found below including the contact details of the representatives:

IDC presenter and contact:

Ganief Bardien

Senior Industry Development Manager

Machinery & Equipment SBU

Industrial Development Corporation

011 269 3164

082 473 8817

ECIC deal originators details and their respective area of coverage:

SADC

Tommy Motau

012 471 3899

072 641 0722

tmotau@ecic.co.za

East Africa

Paul Mojalefa

012 471 2885

072 640 3865

pmojalefa@ecic.co.za

West Africa (francophone)

Mbiya Baudouin

012 471 3875

072 640 6271

mbaudouin@ecic.co.za

West Africa (anglophone) and MENA (Middle East & North Africa)

Zuko Mdandalaza

012 471 3862

072 729 7437

zmdandalaza@ecic.co.za

South Africa – Africa Trade and Investment Promotion Programme (SATIPP)

The South Africa – Africa Trade and Investment Promotion Programme (“SATIPP”) is a joint programme launched by the African Export-Import Bank (“Afreximbank”) and the Export Credit Insurance Corporation of South Africa SOC Limited (“ECIC”), with the aim of promoting and expanding trade and investment between South Africa and other African countries.The Programme is in an amount of US$1 billion.

The aim of SATIPP is to facilitate the expansion of South Africa’s trade and investment with the rest of Africa to promote regional economic integration.Specifically, SATIPP will provide:

  • Finance and/or payment assurances / guarantees in support of South Africa’s trade and investments with other African countries;
  • Finance for projects being promoted by South African businesses in other African countries;
  • Support towards export of capital goods and services from South Africa to other African countries;
  • Support towards importation of equipment required for improving the export competitiveness of South African exports;
  • Support to South African companies bidding for large contracts in other African countries;
  • Support towards the activities of South African small and medium enterprises (SMEs) in regional supply chains;
  • Support to South African exporters through capacity building, enhancement of export marketing skills as well as trade and market information initiatives;
  • Advisory services to South African investors to facilitate a higher volume of trade and investment between South Africa and other African countries.

All enquiries regarding this programme should be addressed to:

Afreximbank:

SATIPP Working Group: satipp@afreximbank.com

ECIC:

Portia Gumbo-Dube

Head:Business Development

Tel: +27 (0) 12 471 3800/77 –

Email: info@ecic.co.za

Address: Block C7 & C8, Eco Origins Of­fice Park, 349
Witch Hazel Avenue, Highveld Ext 79, Centurion,
South Africa

Website: www.ecic.co.za

More on the benifits of the SATTIP Programme and how to apply can be found below: