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ECIC Media Relaeses

News, Articles & Publications

The Department of Trade and Industry and its agencies

The Department of Trade and Industry (the dti) is tasked with promoting structural transformation and providing a predictable, competitive and equitable environment which encourages trade, investment and enterprise development along with sustainable growth.
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Aureus granted more time to repay New Liberty debt

JOHANNESBURG (miningweekly.com) - TXS and Aim-listed Aureus Mining has received approval from its lenders to further defer the first $3.1-million debt repayment due under a senior facility to April 29.
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ECIC wins 'Best ECA in Sub-Saharan Africa'

ECIC won the 'Best ECA in Sub-Saharan Africa Award’ at the recent Global Trade Review event, GTR Africa Trade Finance Week, which was held in Cape Town in the first week of March 2016.
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dti Open Day

ECIC Marketing Officer, Odirile Ramasodi, participated in a live radio discussion on Radio 2000 at the dti Open Day held on the 11th March 2016.

For the past three years, the dti has hosted a successful Open Day with an overwhelming attendance of more than 5 000 people. The exhibition comprised of all the agencies of the dti and other stakeholders.


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SA: Jacob Zuma: Address by South African President, at the meeting of the South Africa-Nigeria Business Council, Abuja, Nigeria

Ministers and Deputy Ministers; Representatives of the Nigerian Investment Promotion Commission; Representatives of Organised Business from both Nigeria and South Africa;
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The Korean ECA, K-Sure, visited the ECIC offices

The Korean ECA, K-Sure, visited the offices of the ECIC on Friday, the 04th March 2016.
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SA far from debt trap - Gordhan

Cape Town - Government debt will be stabilised over the medium term and South Africa is far from a debt trap, according to the Budget Review.

It states that SA's deep and liquid domestic captial markets, and its access to international borrowing, continue to provide resources for government’s financing needs. Domestic capital markets will remain the main source of borrowing but over the medium term, government's borrowing strategy focuses on reducing the risks presented by the sharp increase in loan repayments beginning 2016/17.


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New Mozambican Power Station Can Benefit Southern African Region

A 120MW gas-fired power station at Ressano Garcia, on the border between South Africa and Mozambique, was officially inaugurated last week.

Castigo Langa, chairman of Gigawatt Mozambique, who developed the power station, said the $200m (R3.2bn) investment is also a first step in the harnessing of Mozambique’s huge natural gas resources not only for the benefit of Mozambique and its people, but also for whole of the Southern African region.

“The power station is strategically located close to the main transmission lines that connects South Africa and Mozambique,” said Langa.


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Disaster unlikely, despite strong headwinds facing SA

Finance Minister Pravin Gordhan's budget speech has generally been well received.
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RMB structures a unique export guarantee facility with ECIC South Africa

ECIC in partnership with RMB signed an MOU on Wednesday, 18th November 2015 in light of a unique export guarantee facility between the two institutions. Rand Merchant Bank (RMB) has structured a unique export guarantee facility with the Export Credit Insurance Corporation of South Africa (ECIC), paving the way for similar products between banks and insurance companies and further innovative facilities with the ECIC.
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