Credit Guarantee | July 17, 2017

It gives us great pleasure to advise that the claims paying ability of Credit Guarantee has been affirmed at AA+ (Outlook Stable) by Global Credit Ratings Company (GCR).

The credit insurance environment in South Africa remains under considerable stress, with persistently tough economic conditions, which we experience through an elevated level of adverse credit events across our portfolio.

CGIC nevertheless remains well capitalised with the shareholder support of Old Mutual Group and most recently, our strategic minority shareholder Atradius, one of the leading credit insurers in the world. Our liquidity, business profile and competitive position has also been factored into our credit rating. A full copy of the GCR report can be accessed on their website

CGIC is committed to providing sustainable trade credit insurance and bonding solutions to all our valued policyholders and intermediaries. Thank you for your continued business support through these challenging times.

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In accordance with the lockdown announced by the President, Credit Guarantee has implemented a work-from-home arrangement. As far as possible, we are maintaining our normal levels of service to clients but some disruptions are possible. Policyholders are requested to contact the business unit staff directly either by email or mobile phone. Should you not be able to contact staff you can email us on


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