Best SA Exporters | Export | Import | Goods | Southern Africa

NEW BOARD APPOINTMENT AT CREDIT GUARANTEE

Credit Guarantee announced today that Dheven Dharmalingam has been appointed a non-executive director of Credit Guarantee Insurance Corporation from 1 January 2012.


On 1 September 2011, Dharmalingam joined Mutual and Federal as Finance Director of that company.  He started his career in the audit profession with Arthur Andersen, where he was promoted to partner and served global and multi-national clients.  He brings over 20 years of professional and commercial experience to the Group, gaining his commercial experience as financial director for a large logistics group and through a private equity and advisory practice which he co-founded.


Credit Guarantee simultaneously announced that Brian Laird-Smith, also from parent company Mutual & Federal, resigned from the board effective 31 December 2011.


Issued on behalf of:

Credit Guarantee Insurance Corporation

Contact: Roger Munitich, General Manager - Marketing and R&D

Tel  (011) 889-7327

Fax (011) 686-9627

e-mail: This e-mail address is being protected from spambots. You need JavaScript enabled to view it



For further information:

Corporate Communications Consultants (Pty) Limited

Contact: Loraine Harris

Tel: (011) 782 8609 or 084 244 0510


About Credit Guarantee:

Credit Guarantee Insurance Corporation of Africa Limited, registered in 1956, is the largest (by premium income) and leading (80% market share) South African underwriting company operating in the field of debtors insurance.  Credit Guarantee is a subsidiary of insurance giant, Mutual & Federal which owns 51% of the company, ultimately making it part of the Old Mutual Group.

Credit Guarantee's major business is the insurance of domestic (local) and export payment risks where its client companies sell to other companies on credit terms.

Credit Guarantee’s unique strength lies in its ability to secure a vast store of confidential information and market intelligence from a network of contacts and to interpret this data to support the business of its clients - in both local and international markets.

It is a Level 3 BBBEE Contributor and is ISO 9001/2008 compliant across all aspects of its operations with a double ‘A’ (AA) rating from Global Credit Ratings Company.