Export Credit Agency releases first annual report

Africa is a particularly risky continent on which to do business. In recognition of that reality, the South African government has tried to minimise the risk of South African companies doing business abroad by providing export credit insurance.

Nedcor Bank to Buy BOE Ltd

It has been reported on the business news service, Zephus.com, that Nedcor Bank Ltd is to buy BOE Ltd in a 7300 million South African Rand deal. This will be a 100% acquisition.

Cutfin Joins FCI

Cutfin, Absa's debtor finance house, has joined the ranks of almost 150 companies in more than 50 countries by becoming a member of Factor's Chain International.