This year’s CGIC Spring Conference – Expanding Horizons – was all about seeing credit insurance not just as a safety net, but as a powerful engine for growth. In a time of economic uncertainty, we brought together business leaders, industry experts, stakeholders, and thought leaders to share ideas, challenge assumptions, and look at how we can build resilience together.
Small, Medium, and Micro Enterprises (SMMEs) are vital engines of economic development. They drive innovation, create jobs, and contribute significantly to GDP. Yet, despite their importance, access to finance remains one of the most pressing challenges SMMEs face. Without collateral or established credit histories, many of these businesses struggle to secure the funding they need to grow.
In the complex machinery of modern trade, one vital component often works quietly behind the scenes: credit insurance. While it may not be widely visible, this financial tool is indispensable in helping South African businesses manage risk, sustain liquidity, and grow with confidence.
Cashflow is the engine that keeps small and medium-sized enterprises (SMEs) moving. Yet in South Africa, it’s under increasing strain — not from poor performance or lack of demand, but from late payments.
CGIC has observed an increase in the incidence of fraud, both locally and internationally, and clients are urged to be alert to the increased risks. There are generally three main categories seen by us:
Credit Guarantee celebrates its 60th anniversary as the most trusted provider of trade credit insurance and surety solutions in Africa, highlighting its dedication to clients' success and its legacy in the industry.
Namibia's economic outlook has been downgraded from stable to negative by Fitch Rating Agency due to an economic slowdown and negative growth in sectors like construction, mining, and public administration, while sectors like retail and wholesale trade managed to defy conventional wisdom and record growth.
Credit Guarantee's CEO, Charles Nortje, emphasized the importance of small and medium-sized enterprises (SMEs) in South Africa's economy during his participation in the Business Day TV SME Summit 2018, highlighting how Credit Guarantee supports SMEs by providing credit information and insurance policies that help level the playing field and keep the economy running smoothly.
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).
Luke Doig, Credit Guarantee's senior economist, achieved third place in the 2016 Thomson Reuters South African Economist of the Year award, which recognizes economists' forecasts on key indicators such as GDP growth and inflation, with Luke having previously secured first place in 2011 and 2015.
This year’s CGIC Spring Conference – Expanding Horizons – was all about seeing credit insurance not just as a safety net, but as a powerful engine for growth. In a time of economic uncertainty, we brought together business leaders, industry experts, stakeholders, and thought leaders to share ideas, challenge assumptions, and look at how we can build resilience together.
Small, Medium, and Micro Enterprises (SMMEs) are vital engines of economic development. They drive innovation, create jobs, and contribute significantly to GDP. Yet, despite their importance, access to finance remains one of the most pressing challenges SMMEs face. Without collateral or established credit histories, many of these businesses struggle to secure the funding they need to grow.
In the complex machinery of modern trade, one vital component often works quietly behind the scenes: credit insurance. While it may not be widely visible, this financial tool is indispensable in helping South African businesses manage risk, sustain liquidity, and grow with confidence.
Cashflow is the engine that keeps small and medium-sized enterprises (SMEs) moving. Yet in South Africa, it’s under increasing strain — not from poor performance or lack of demand, but from late payments.
CGIC has observed an increase in the incidence of fraud, both locally and internationally, and clients are urged to be alert to the increased risks. There are generally three main categories seen by us:
Credit Guarantee celebrates its 60th anniversary as the most trusted provider of trade credit insurance and surety solutions in Africa, highlighting its dedication to clients' success and its legacy in the industry.
Namibia's economic outlook has been downgraded from stable to negative by Fitch Rating Agency due to an economic slowdown and negative growth in sectors like construction, mining, and public administration, while sectors like retail and wholesale trade managed to defy conventional wisdom and record growth.
Credit Guarantee's CEO, Charles Nortje, emphasized the importance of small and medium-sized enterprises (SMEs) in South Africa's economy during his participation in the Business Day TV SME Summit 2018, highlighting how Credit Guarantee supports SMEs by providing credit information and insurance policies that help level the playing field and keep the economy running smoothly.
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).
Luke Doig, Credit Guarantee's senior economist, achieved third place in the 2016 Thomson Reuters South African Economist of the Year award, which recognizes economists' forecasts on key indicators such as GDP growth and inflation, with Luke having previously secured first place in 2011 and 2015.
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