ECIC IR 2023
Integrated Report 2023
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Outlook While the Corporation is targeting transactions of $560 million plus $70 million under the expanded mandate, 6 beneficiaries are also targeted under the Export Passport Programme. As ECIC forms the last leg of the transaction, as the insurer, we cannot provide commentary on transactions for the year as it is dependent on the bankable projects from financial institutions. The targeted $630 million / R10 billion approved transactions contribute to Output 6 of the dtic APP. The targeted high-impact assessment of the Export Passport Programme contributes to Output 40. As an outcome of ECIC-approved transactions and the ECIC Enterprise and Supplier Development Programme, it is anticipated that the following contributions will be made to the dtic outcomes for 2023/24: • As an outcome of drawdowns on insured loans, an expected contribution to Output 4 of R163 million manufactured exports to insured projects. • The ECIC Enterprise and Supplier Development Programme is expected to contribute to Output 8 through R1 million financial support to SMMEs, and Women- and Youth-Empowered businesses.
• As an outcome of ECIC approved transactions, an expected contribution to Output 9 of R250 million in financial support to enterprises in labour absorbing sectors. • As an outcome of ECIC approved transactions, an expected contribution to Output 12 of 5 000 jobs supported. • As an outcome of ECIC approved transactions, an expected contribution to Output 13 of 2 163 jobs created. • The following contributions will be specific targeted interventions by the ECIC: o Output 25 – Present/participate in at least four business forums hosted by the dtic . o Output 32 – Provide 30 ECIC success stories for the dtic case studies. o Output 33 – Conduct/participate in 10 community outreach programmes hosted by the dtic Group. o Output 37 – Participate and support at least three of the five conferences, summits and international forums hosted by the dtic . o Output 43 – Participate/Support in 2 Incentives Adjudication Committees of the dtic .
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