Sace opens in Johannesburg
Italian export credit agency Sace has opened up in Johannesburg , South Africa . The new office reflects to growing appetite for African business in Italy .
The office will be run by Michael Creighton, who has extensive experience of the credit insurance market in South Africa , and the wider Sub-Saharan region.
The opening also falls in line with Sace’s Africa programme, an initiative launched in 2006 to open up more opportunities for Italian companies in Sub-Saharan Africa. Exports to Sub-Saharan Africa from Italy grew by 5.9% in 2007, a growth rate similar to exports to Germany , which grew by 5.7%. However, the growth rate is still lower than exports to the eurozone, which grew by 11.1% in 2007. According to Sace, total Italian exports to South Africa reached €1.5bn. And, it expects Italian sales to South Africa will increase by 8.1% between 2008 and 2012.
Last Edited: August 04, 2008 | Send to Friend

Subscribe online now for GTR

Singapore - October 5-6, 2010
2nd Annual Asia Trade & Export Finance Conference

London - November 3-4, 2010
2nd Annual West Africa Trade & Commodity Finance Conference

Cairo - November 10-11, 2010
3rd Annual North Africa Trade & Investment Conference

Gothenburg - November 18, 2010
3rd Annual Nordic Region Trade & Export Finance Forum

Dubai - February 15-16, 2011
8th Annual Middle East Trade & Export Finance Conference


