South African Export Credit Insurance Corporation

The South African Export Credit Insurance Corporation (SECIC) is a government-backed organization that helps South African exporters manage the risks of selling goods or services overseas. It provides insurance coverage against possible non-payment or default by foreign buyers, ensuring exporters receive their payments. This support encourages international trade by reducing financial uncertainties and promoting confidence in global markets. Essentially, SECIC acts as a safety net, enabling South African companies to expand their export activities with greater security and stability.