Credit Guarantee Insurance Corporation Ltd
Who is Credit Guarantee?
Established in 1956, Credit Guarantee is the largest, most experienced, professional credit insurance company in South Africa. The Company is majority owned by Mutual & Federal, itself a subsidiary of Old Mutual, with the largest minority shareholder being Santam. Smaller shareholders are Munich Re and the IDC.
What is Credit Insurance?
Ever since businesses offered credit terms, some debtors have failed to pay up, often with disastrous results. Before long the insurance industry came up with the answer – credit insurance or perhaps better defined as ‘debtors insurance’. Credit insurance guarantees the payment performance of your local and international debtors.
Why does Your Business Need Us?
· Risk Protection
Credit Guarantee protects your business against unexpected losses arising from non-payment.
· Improved Financing
Credit Guarantee enables your business to increase its borrowing power.
· Increased Sales
Credit Guarantee helps your business expand sales to new or existing clients / markets.
· Enhanced Cash-flow and Profitability
Being credit insured through Credit Guarantee usually ensures prompt payment by debtors and in the event of default, supplements income through claims payments and participating in recoveries.
· Enhanced Credit Management
With our information, you can improve your internal credit management reporting and systems.
PRODUCTS AND SERVICES EXPORT RISKS COVERED
Domestic debtors insurance Insolvency of your debtors
Export debtors insurance Extended non-payment by debtors
Credit investigation Repudiation of contract
Continuous monitoring of debtors Political risks in debtors’ country
Professional debt collection
Payment of claims
DOMESTIC RISKS COVERED BONDS and SURETY
Insolvency of your debtors and:
Extended non-payment by your debtors Bid / Tender Bonds; Performance Bonds; Retention Bonds;Advance Payment Bonds; Materials Off-Site Bonds;Customs Bonds
Tel: (011) 889 7000 Tel: (031) 566 1738
Fax: (011) 886 1027 / 886 5715 Fax: (031) 566 1781
CAPE TOWN: PORT ELIZABETH:
Tel: (021) 421 7830 Tel: (041) 363 4024
Fax: (021) 419 7586 Fax: (041) 363 3750