ECIC IR 2023

Integrated Report 2023

E

D

H

S

I

L I

N

B

2

0

A

0

T

S

1

E

E X P O R T C R E

L T D

O C

A S

C

R I

D I

F

T

A

I

N

H

S

T

U

U

R

O

A

S

N

F

C

O

E

N

C

O

O

I

R

T

P

A

O

R

ECONOMIC IMPACT ASSESSMENT 2013/14 – 2022/23

Value of ECIC supported projects • Over the last 10 financial years, ECIC has grown considerably supporting almost 47 export-led and investment-related projects across the African continent and other emerging economies. This accumulated to approximately US$2.6 billion (R33.2 billion) worth of loans and investments supported by ECIC in various sectors among them power, mining, rail, construction and telecommunications.

Nominal value of loan and investment amounts supported by ECIC (2013-2023)

3,0

3,0

R33,18

R31,97

R28,57

2,5

2,5

R24,56

R22,78 R23,36

2,0

2,0

1,5

1,5

R9,76

Billions

Billions

R9,48

1,0

1,0

R7,19

0,5

0,5

R0,51

$0,05

$2,55

$0,60 $0,75 $0,77 $1,87 $1,91 $1,98 $2,25 $2,48

0,0

0,0

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

USD Cumulative ZAR Cumulative, rhs

* The figures on the chart use the USD/ZAR exchange rate as at 31st March of the applicable financial year Figure 1: Value of ECIC supported projects

Value added to SA economy • R 12.96 billion is estimated to have been added to the South African GDP

Impact of ECIC on GDP (2013 – 2023)

0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0

14

12,96

12,59

12

10,53

10,82

12,08

11,07

10

8

7,62

6

R’bn

R’bn

6,05

4

1,27

3,47

2

0

2013/14 2011/12

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

Capital Investment Phase

Operational Phase Cumulative, rhs

Note: Results presented consider the Direct, Indirect and Induced impacts of ECIC’s contribution Figure 2: Value added to SA Economy

Employment Impact in South Africa • ECIC’s involvement has been instrumental in facilitating the generation and sustainability of an estimated 53 000 job opportunities in South Africa as a result of insured export transactions, over the past 10 years.

Impact of ECIC on Employment (2013 – 2023)

60

14

53

12

50

51

48

10

40

41

39

8

38

27

30

6

20

4 Thousands

Thousands

21

10

2

12

4

0

0

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

Capital Investment Phase

Operational Phase Cumulative, rhs

Note: Results presented consider the Direct, Indirect and Induced impacts of ECIC’s contribution Figure 3: Employment Impact in South Africa

Revenue Impact in South Africa • R 4 billion is estimated to have been added to the South African fiscus

Impact of ECIC on Revenue (2013 – 2023)

0,8

0,0 0,5 1,0 1,5 2,0 2,5 3,0 3,5 4,0 4,5

4,0

3,8

3,5

0,6

2,9

2,8

3,0

0,4

1,6

2,1

R’bn

R’bn

0,9

0,2

0,3

0,0

2013/14

2014/15

2015/16

2016/17

2017/18

2018/19

2019/20

2020/21

2021/22

2022/23

Capital Investment Phase

Operational Phase Cumulative, rhs

Note: Results presented consider the Direct, Indirect and Induced impacts of ECIC’s contribution Figure 4: Revenue Impact in South Africa

YOUR EXPORT RISK PARTNER

5