We provide the service of issuing a project bond or guarantee to the beneficiary (employer, owner or creditor) of a project to cover the financial loss arising from the contractor (principal debtor) defaulting on his contractual obligations.

We issue both insurance and bank guarantees on behalf of our clients, directly or through an intermediary. Our footprint is vast; it covers most countries in Africa as well as Australia, USA and the UK. We specialise in creating feasible and more economical alternatives to traditional bank guarantees which are demanded by most employers in foreign markets.

Why ASCB LLC Bonds and Guarantees?

• Credit rating: Standard & Poor’s (S&P) affirmed ASCB LLC’s rating at ‘BB+’; Outlook Stable global scale rating, at ‘zaAA+’ national scale rating and ‘bbb’ stand-alone credit profile.
• Large capacity: We have a large capacity which means we have the ability to provide our clients with spare capacity to use for unexpected projects and/or very large “last minute” tenders.
• Due to our strong balance sheet capability and ‘BB+’ rating we are the preferred Eskom and Transnet guarantor for all construction related guarantees.
• Bank guarantee solutions: We have established strategic partnerships with four major international banks and have the capacity to issue bank paper guarantees.
• A large African footprint: Our target market over the years has expanded to include emerging markets in Africa as growth rates and international investment in these markets are buoyant and growing. This footprint is made possible through our partnership with SEM. We have successfully issued guarantees into more than 30 countries in Africa.
• In-house legal capability: Translates into service efficiency, cost effectiveness and the capability to engage with local and international experts to facilitate the issuance of local and foreign guarantees on behalf of our clients.
• In-house financial consulting expertise: This is through Sanlam Capital Markets, it enables us to provide our clients with world-class financial advisory and support.