Credit Guarantee is a business entity established in 1956, which has grown over a number of years to become the largest, most experienced and most professional credit insurer in Africa. It started operating in 1958 as an underwriting company with specialization in the field of domestic and export credit insurance. This vast experience the organisation possesses has led it towards expansion in both local and international markets.
Financial packages offered by Credit Guarantee include domestic credit insurance, export credit insurance, bonds and surety.
Domestic credit insurance offers protection against non-payment of debts incurred by debtors based in South Africa or a common monetary area. Export credit insurance is tailored to provide cover to exporters against the loss of proceeds from an export transaction where the loss is due to payment defaults or specified political eventualities. Bonding and surety are provided to protect employers against non-performance by the contractor. By relying on Credit Guarantee services, clients are provided with expert assessment of credit risks and expert advice on collection techniques. Clients are also afforded the opportunity to develop new markets in different industries and increased market penetration.
Credit Guarantee’s strength lies in its ability to secure a vast store of information and market intelligence from a network of contacts and to interpret data to support the business of its clients in both local and international markets. Credit Guarantee clients are provided with highly useful information to guide business decisions favourably and to select the ideal credit solutions for optimal business performance.