What do you think have been your biggest achievements over the past 12 months? • Contributed R20 million to the COVID-19 Relief Fund. • Achieved 90% of strategic objectives. • Profit before tax of R434 million for 2019/20 financial year. • Asset base of R10,8 billion at 2019/20 financial year-end (31 March 2020). • Approval of the USD800 million Total LNG Project – the largest ECIC supported project ever. • Securing up to USD400 million guarantee from Afreximbank as part of the South Africa – Africa Trade and Investment Promotion Programme (SATIPP) strategic partnership with them. • Finalisation of the first-ever ECIC reinsurance agreement – USD12,5 million. • Expansion of the ECIC insurance cover to include Euro-denominated policies. • Level 1 B-BBEE score – first-time achievement by ECIC. • Financial close of Zimborders transaction at a time when significant challenges are being experienced – this will contribute to enhanced movement of goods and increased exports. • Hosting the first ever virtual ECIC CEO Engagement Session on: The role and impact of ECIC in facilitating South African export trade with a special focus on the African Continental Free Trade Agreement (AfCFTA) opportunity; and The importance of public and private sector collaboration in advancing export trade. • Close monitoring on the impact of COVID-19 on the insurance portfolio with a limited number of projects requiring restructuring with zero incurring a claim. • Seamless integration to a remote working environment from the onset of COVID-19 lockdowns • Total sum insured of USD 1,79 billion at 31 December 2020 (USD 1,85 billion at 31 March 2020). What do you hope to accomplish in the future with ECIC South Africa? As a visionary leader, I wish to achieve impact by seizing opportunities to capitalise on a changing environment. I am keen on looking at how ECIC should reinvent itself to play a more prominent role, like the ECAs in other countries, in enabling South Africa to recover from the negative impact of the Coronavirus. More importantly, with the African Continental Free Trade Agreement (AfCFTA) now in the implementation stage, ECIC is poised to play a pivotal role in mobilizing South African business around the opportunities for trade and crossborder investments made possible by the launch of this watershed agreement. In line with our Africa-focused mandate, throughout this year we will hold roadshows across the country to - 12 - CEO Today Af r i ca Award s 2021 - South Af r i ca - “ As a visionary leader, I wish to achieve impact by seizing opportunities to capitalise on a changing environment.
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