Export Credit and Foreign Investments Re-Insurance Amendment Act 9 of 2001

The Export Credit and Foreign Investments Re-Insurance Amendment Act 9 of 2001 intends:

• to amend the Export Credit and Foreign Investments Re-insurance Act, 1957, so as:
  • to define an expression and to amend or delete certain definitions;
  • to empower the Minister to enter into an agreement with a registered insurer, to be known as the Export Credit Agency, with the object of insuring certain contracts on behalf of Government;
  • to empower the Agency to establish a Reserve Fund;
  • to enable the Agency to make investments;
  • to repeal certain obsolete provisions; and
  • to make provision for transitional arrangements; and
• to provide for matters connected therewith.  

Commencement

2 July 2001 (Gazette 22437 of 29 June 2001)