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Press Office - ECIC

ECIC

ECIC is a self-sustained, state-owned national export credit agency. The Corporation is a registered financial service provider and regulated by the Financial Services Board (FSB). To be at the leading edge of medium/long term export credit and investment insurance business, with specific focus on project finance underwriting, customer needs, and prudent portfolio and risk management. To facilitate and encourage South African export trade by underwriting export credit loans and investments outside the country, in order to enable South African contractors to win capital goods and services' contracts in other countries.

Topic

Mozambique’s GDP growth to fall to below 3% following Idai

By: Marleny Arnoldi     17th May 2019 The Mozambican government has estimated its emergency assistance needs and reconstruction costs following cyclone Idai, in March, will reach $1.5-billion, or about 10% of the country’s gross domestic product. The International Monetary Fund (IMF), in a report, compiled information around the... 

Acacia says North Mara to be issued environmental protection order

By: Reuters     17th May 2019 Acacia Mining said on Friday its North Mara gold mine would be issued an environmental protection order (EPO) relating to alleged historical breaches of environmental regulations in Tanzania. Acacia, majority-owned by Barrick Gold, is embroiled in a long-running tax dispute with Tanzania and had... 

SA business delegation heads to Uganda to explore trade and investment opportunities

By: African News Agency      17th May 2019 A group of 25 South African business people were in high spirits ahead of their departure to Kampala, Uganda, to explore trade and investment opportunities in the agro-processing, capital equipment, energy and furniture sectors in the East African country. This is according to the Department of... 

New numbers impart shine to BCI’s Mardie SoP and salt project

By: Esmarie Iannucci     17th May 2019 An optimisation of the prefeasibility study (PFS) for the Mardie salt and potash project, in Western Australia, has improved the project economics, with a definitive feasibility study (DFS) now targeted for late 2019. ASX-listed BCI Minerals on Friday reported that the optimised PFS estimated a... 

Billionaire Friedland close to deal with BHP on Guinea iron-ore

By: Bloomberg     17th May 2019 Billionaire mining investor Robert Friedland is close to a deal to take over an iron-ore deposit in Guinea from owners including BHP Group, according to people familiar with the situation. Friedland is in advanced talks with BHP, Newmont Goldcorp and Areva, that will see him move to develop the... 

Local manufacturing results in customised and on-time service

By: Halima Frost     17th May 2019 To remain competitive in the local manufacturing space, minerals processing specialist Multotec Group’s customised speed-to-market service offering on its products is a key differentiator for clients. “When a client orders a  new product from us, we can design a prototype as per client... 

Inaugural event to highlight local manufacturing capabilities

By: Halima Frost     17th May 2019 The first Local Southern African Manufacturing Expo (LME), which aims to highlight the capabilities of local manufacturers and, subsequently the ability to export, will be held from May 21 to 23, 2019 at the Expo Centre Nasrec, in Johannesburg. The expo will be hosted by the South African Capital... 

Mining supply chain event colocates with inaugural LME

By: Halima Frost     17th May 2019 The Southern African Institute of Mining and Metallurgy (SAIMM) will host the SA Mining Supply Chain Conference and Strategy Workshop at the Bateleur conference venue on May 22 and 23 at Expo Centre Nasrec, in Johannesburg, alongside the inaugural Southern African Local Manufacturing Expo (LME).... 

Playing field not level for local valves manufacturers

By: Khutso Maphatsoe     17th May 2019 Although the Department of Trade and Industry encourages investment in locally manufactured products, this has proven to be a challenge for local valves manufacturers, as companies still prefer to buy imported products, says industrial valve manufacturer and supplier Pace Valves MD Tony Haldenby.... 

Power Africa moves towards its goal of bringing more energy to the continent

By: Kim Cloete     16th May 2019 Power Africa, which was launched by former US President Barack Obama six years ago, is working towards its target of providing energy access to an additional 60-million new homes and businesses and adding 30 000 MW of cleaner, more efficient electricity generation capacity on the African... 

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