1. 1 EXPORT CREDIT INSURANCE CORPORATION OF SOUTH AFRICA (ECIC) PRESENTATION TO PORTFOLIO COMMITTEE ON TRADE & INDUSTRY 8 MAY 2002

2. 2 ECIC REGULATORY FRAMEWORK 22 JUNE 2001 ECIC INCORPORATED UNDER COMPANIES ACT 27 JUNE 2001 ECIC REGISTERED AS INSURER BY FSB 27 JUNE 2001 AUDITORS APPROVED BY AG 27 JUNE 2001 PROCLAMATION OF AMENDMENT ACT 20 JULY 2001 ACCOUNTANT-GENERAL APPROVED BANK ACCOUNTS 31 JULY 2001 MINISTER OF FINANCE APPROVED ECIC UNDER PFMA 06 AUGUST 2001 CREDIT INSURANCE COMMITTEE NOMINATION FINALIZED 30 AUGUST 2001 ECIC AGREEMENT WITH MINISTER SIGNED 10 SEPTEMBER 2001 ECIC BOARD MEMBERS APPOINTED 22 NOVEMBER 2001 RESERVE BANK APPROVED EXCHANGE RISK COVER

3. 3 ECIC FUNCTIONS FORMULATE EXPORT UNDERWRITING POLICY EVALUATE POTENTIAL PROJECTS ESTABLISH RATIONALE FOR SUPPORT ASSESS EXPORT CREDIT RISK STRUCTURE SECURITIES TO MITIGATE RISK SET COUNTRY AND SECTOR CREDIT LIMITS MANAGE AND DIVERSIFY EXPORT CREDIT RISK PORTFOLIO MANAGE TOTALITY OF GOVERNMENT’S OBLIGATIONS

4. 4 ECIC ORGANISATIONAL FRAMEWORK

5. 5 ECIC STAFF COMPOSITION MALEFEMALETOTALBLACKWHITETOTAL MANAGEMENT 3 - 3 1 2 3 PROFESSIONAL 4 6 10 7 3 10 ADMINISTRATION - 7 7 6 1 7 ____ __________________________ 7 13 20 14 6 20 35% 65% 70%__30%__

6. 6 REINSURANCE PORTFOLIO SHORT TERM: PHASED OUT 30/06/0131/03/02 R3,1 BILLIONR40 MILLION LONG TERM: CONTINUE 30/06/0131/03/02 R9,6 BILLION R8,7 BILLION

7. 7 NEW BUSINESS FROM 2 JULY 2002 EXPORTINVESTMENT CREDITGUARANTEES INSURANCE APPLICATIONS544 APPROVED323 DECLINED101 IN-PROGRESS12- EXPORT CREDIT INSURANCE VALUE APPROVED: R7,5 BILLION INVESTMENT GUARANTEES VALUE APPROVED: R1,2 BILLION

8. 8 SADC – 13 APPLICATIONS APPROVED

9. 9 TOTAL APPROVALS - 32

10. 10 ACTUAL POLICIES ISSUED INSURANCEVALUE 5R3,5 BILLION INVESTMENTSVALUE 1± R1 BILLION

11. 11 TARGETS STRATEGIC GOALS  CUSTOMERS  PERFORMANCE  ALLIANCES  STEWARDSHIP STRATEGIC PLANNING LEKGOTLA CONCLUDED 5 MAY 2002 REINSURANCE AGREEMENT MIGA JUNE 2002 REFINEMENT OF LOCAL CONTENT DEFINITION BREAK EVEN CHALLENGE