This is an unusual finance offering by the South African Government. It funds the exporter’s client! The aim is to encourage international companies to buy South African goods, so National Treasury offers a sweetener that export marketers can use to entice clients. The client can go to their local bank to raise finance for the order and the Export Credit Insurance Corporation will stand guaranteed for this finance! You may find that many of our local banks are unaware of this finance offering, so be prepared to provide them with the details. Deals worth more than R1 million will be considered, and is mostly used for the exporting of capital goods, but can include services and projects done overseas by South African companies.
Finfind provides its services free of charge to businesses seeking finance. Our primary purpose is to link SMEs with all the relevant finance providers and finance products that match their funding needs. As a matching service we are not required to be a registered finance provider as we do not loan money directly.