ECIC IR 2023

Integrated Report 2023 Value adding highlights for 2022/23

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PROJECTS SUPPORTED Aligned to the ECIC mandate of making SA exporters attractive to international buyers, the Corporation approved five transactions to the equivalent value of $517 million during the financial year. Two of these transactions relate to the expanded mandate which commenced on 31 May 2021. The project entails the design, construction, installation, and commissioning of a replacement Primary Crushing Area for Letšeng Diamonds (Pty) Limited. The Project will be implemented by Consulmet Metals (Pty) Ltd, a South African engineering entity focused on fast-tracked design and construction of mineral processing plants. Letšeng ranks in the top 10 global diamond producers by revenue. The large, high value, greater than 100 carat diamonds from Letšeng account for 70% to 80% of the Group’s revenue annually. Most of the off-taker sales are to India and China. During the construction phase, a total of 248 job opportunities (man-hours) are estimated to be created/sustained in South Africa. A total of 233 job opportunities are estimated to be created/ sustained during the construction phase, and an estimated 15 job opportunities are expected to be sustained on an annual basis during the operational phase in South Africa. It is expected that SA content of at least R130 million (100%) will be achieved. Letšeng Diamonds (Lesotho) – R130 million

Robertson and Caine Working Capital Facility (US and Caribbean) – R130 million This was the first transaction under the ECIC expanded mandate and has been renewed for another 12 months. This indicates confidence in the new ECIC product. The transaction entails the financing of a Working Capital Facility for the manufacturing, supply and exporting of Catamarans to Travelopia (the exclusive distributor) for on sale to clients. Yellow Equipment (DRC) – $308 million The project entails the supply of 5,609 multipurpose yellow heavy infrastructure construction equipment to the Ministry of Infrastructure and Public Works to be used to rehabilitate and maintain infrastructure such as roads and water infrastructure amongst others in the Democratic Republic of the Congo (DRC). The equipment purchased from South Africa will be utilised to upgrade gravel roads throughout the 26 provinces in the DRC and 145 districts for trade and access to social services and various facilities. SA Content of $154 million (50%) is expected to be achieved. During the construction phase, a total of 4 474 job opportunities (man-hours) are estimated to be created/sustained in South Africa. For the operational phase, an estimated 582 job opportunities (man-hours) are expected to be sustained on an annual basis. Across both phases, the largest beneficiary of employment creation/ sustainability is estimated to accrue to semi-skilled labourers in South Africa.

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