Celebrating over 60 years

As a Specialist Domestic & International Trade Credit Insurer

Credit Guarantee Insurance Corporation of Africa Limited is a South African Financial Services Company that continues to excel in the field of domestic and export trade credit insurance. Furthermore, we also provide various surety & bonding services via our specialised business unit. Credit Guarantee was established in 1956 and began operation in 1958.

Our forte lies in the ability to secure relevant and vital information incorporated with market intelligence, as a tool for a synergistic communiqué to support the business of our clients in both local and international markets. We also pride ourselves in a specialised business salvage and recovery unit, dedicated to dealing with, at times, intricate restructuring needed to ensure both our clients’ interests and that of our shareholders, Old Mutual Insure  (75%) and Atradius NV (25%) are met.

Credit Guarantee is an Authorised Financial Services Provider No. 17691.

What we aspire for

Our Vision

To be the most trusted provider of trade credit insurance and surety solutions in Africa which:
  • Understands clients’ needs

  • Brokers recommend

  • Employees are proud of

  • Strives for excellence through continuous improvement

  • Delivers superior returns to shareholders through collaboration

  • Society respects for our contribution to uplifting economic growth, creating jobs and reducing inequality

What we stand for

Our Values

  • Connect We are connected and engaged. We create a truly caring environment for our people, clients, and brokers through collaboration and communication.
  • Adapt We are adaptive to our ever-changing environment and strive towards being innovative. We are not afraid of change.
  • Respond We strive to assist our clients in being successful, which in turn will earn their loyalty and respect.
  • Empower We look for opportunities to develop and grow our people into future leaders.
  • We are professional, trustworthy and reliable.
  • We listen carefully while acting openly and honestly.
  • We do things the ethical way because that is the only way.
  • We keep our promises.
  • We treat our clients and each other with respect, dignity and fairness.
  • We seek and value each other’s contributions as well as the strength of our diversity.
  • We are committed to continually bettering ourselves through innovation and learning.
  • We recognise outstanding performance.
  • We embrace change.
  • We empower our people.
  • We are passionate about what we do.
  • We relish the responsibility arising from the commitments we make and the actions we take.

Range of business protection services

Credit Guarantee is a licensed FSP and Non-Life Insurer.

Safeguard your Business from Financial Losses…

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Secure Your International Transactions. Navigate the complexities and risks…

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Bonds & surety are in place to protect you as the employer against non-performance on the part of the contractor…

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Empowering Africa’s Small Businesses and Entrepreneurs…

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Driving Your Success in Trade Credit Insurance, Surety & Bonds: As a trusted solution provider…

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Ensure Payment Security for Fuel Deliveries: A fuel guarantee offers valuable protection to fuel companies…

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Credit Guarantee

Faces of CGIC

What does it take to be a market leader? A work force who love what they do, who pride themselves on going above and beyond, and who truly respect and look out for each other. Find out more secrets of CGIC’s success from our diverse and dynamic team.

We have earned the reputation for being the most trusted provider of trade credit insurance and surety solutions in South Africa.

The Faces of CGIC

Meet the Team.

Directors & Board Members.

Mahomed Akoob

Chairman

Charles Nortje

Chief Executive Officer

Abou Malima

Chief Financial Officer

Andreas Tesch

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Achim Klennert

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Nazley Sallie

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Lerato Bacela

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EXCO.

Charles Nortje

Chief Executive Officer

Abou Malima

Chief Financial Officer

Abdul Vally

General Manager: Trade Credit

Gideon Bochedi

Chief Operating Officer

Steve Smith

Chief Risk and
Compliance Officer

Vivienne Naude

General Manager:
Information Systems

Janine Von Rummell

General Manager:
Actuarial

Thabiso Tsoledi

General Manager:
Risk

Moosa Jooma

AGM:
Trade Credit Export

Amina Ackerman

AGM:
Information SystemsRisk

Ouma Mafa

Senior Human Capital Business Partner

Credit Guarantee

Celebrating over 60 Years

We have earned the reputation for being the most trusted provider of trade credit insurance and surety solutions in South Africa.

About Us

Careers

Want to be a part
of our team?

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Get a personal consultation.

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