Performance Guarantees Division

The Performance Guarantees Division was established in 2004. Based in Durban, the division caters countrywide for numerous building and other contractors including the freight forwarding industry.

Renasa’s Guarantees have performed consistently well

Renasa’s Guarantees Division has operated profitably since its establishment and enjoys overwhelming support from reinsurers enabling the writing of most guarantee risks in Renasa’s target market. Renasa offers a comprehensive suite of Guarantee Products Renasa offers performance, retention, advance payment and bid bonds or guarantees to the construction industry and also customs bonds to the freight forwarding market. These guarantees enable Renasa’s clients to improve their cash flow and provide the necessary documents required to meet tender and other other requirements. With the support of its treaty arrangements, Renasa is now able to offer capacity up to R 50 million to select clients.

Renasa’s Guarantees are widely accepted in the market

Renasa’s A-rating has made its bonds and guarantee accepted by most Employers including municipalities, corporate building contractors and the South African Revenue Services (custom bonds).

Renasa’s Guarantee Division focuses on quick turnaround service

Renasa focuses on providing excellent service. By pre-agreeing client facilities and putting in place the requisite documentation, Renasa is able to offer “same day” service when necessary and a 48 hour turnaround time generally if all the necessary information is at hand. Renasa promotes ongoing sustained personal relationships.

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