ECIC NEWS Issue 10 | ECIC Stakeholder Newsletter | 2021
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MESSAGE FROM THE ECIC CEO MR. KUTOANE KUTOANE
We continue to engage in cutting-edge research methodologies not only to make an impact nationally, but to work towards the AfCFTA agenda. Although we have the advantage of knowing this territory relatively well, we also have the challenge that comes with learning to approach familiar ground more substantially. Elements of this philosophy are embedded deep within our core values and clear examples of it in action can be found daily in the Corporation in efforts of transformation and client centricity. We look forward to working with our stakeholders to vigorously pursue the AfCFTA agenda and to monitor the implementation of our evolving new strategy in this regard. The latest Integrated Report represents collective inputs and a wide array of contributions and thoughts from the shareholder down to the management and employees of the Corporation. Once again, we owe credit to many stakeholders who have helped us achieve these results, either through their direct engagement, or through investments. The 2020/21 financial year has proven the Corporation’s resilience amid continued economic headwinds as well as the devastating impact of the global pandemic.
This past year has been a time of tremendous change for both the ECIC and the South African economy alike and one in which, in many respects, had the eyes of the world focused on survival from COVID-19 onslaught. Despite these trying times, the year started on a positive note with the official start of trading under the rules of African Continental Free Trade Agreement (AfCFTA) Change however forces adaptation that can be stewarded by effective leadership. Our aim in the coming year is to promote, encourage and facilitate South African exports to take full advantage of opportunities offered by AfCFTA as well as to ensure that the Corporation continues to remain strong, agile, and sustainable. The Corporation’s standards remain resilient and comprehensive as demonstrated by our ability to collaborate, adapt, and find new ways of doing things even as we were confronted with uncertainty and gloom from volatile global markets. Transformation and excellence are also both pervasive elements that are deeply entrenched throughout our mandate to shape the future of the business.
The Corporation is instinctively responsive to the nature, needs and direction of the export market within which we operate. This balance and integration are fundamental to our commitment and it is indispensable to realising the aspirations reflected in our vision, to be a world class export credit agency in facilitating South African export trade and investment globally. The cornerstone of our success has been an unwavering commitment to our core values and responsible operations as we consistently work towards achieving our goals through integrated initiatives that place a high priority on moving us forward simultaneously on multiple fronts and managing our total impact as an export credit agency. I thank both management and employees for their hard work, dedication, agility, and loyalty as well all our stakeholders for their contribution and commitment to ECIC during this period. Kutoane Kutoane
UNSCRUPULOUS ELEMENTS USING THE COMPANY NAME AND LOGO OF ECIC The Export Credit Insurance Corporation of South Africa SOC LTD (ECIC) would like to inform the public of unscrupulous individuals using the name and logo of ECIC, intended to defraud unsuspecting persons. These individuals have used the ECIC logo on various social media accounts, as well as letterheads, sending emails impersonating employees of ECIC to lure the public with fictitious offers of “affordable loans”. The unsuspecting members of the public are made to believe that the offers and loans are genuine. ECIC reiterates its role as an insurance company that offers specific insurance products and does not provide or offer loan funding. Members of the public should ignore any unsolicited loan offers purporting to be backed by ECIC. CLICK HERE TO READ MORE
Issue 10 - ECIC Stakeholder Newsletter (ECIC News)
YOUR EXPORT
RISK PARTNER
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