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Industrial Development Corporation of South Africa
Mission statement
The IDC is a self-financing national development finance institution, whose
primary objectives are to contribute to the generation of balanced, sustainable
economic growth in Africa and to the economic empowerment of the South
African population, thereby promoting the economic prosperity of all citizens.
The IDC achieves this by promoting entrepreneurship through the building of
competitive industries and enterprises, based on sound business principles.
Overview
- Established in 1940, the IDC is a self-financing, state-owned
development finance institution;
- The vision of the IDC is to be the primary source of commercially
sustainable industrial development and innovation to the benefit of
South Africa and the rest of the African continent;
- Provides financing to entrepreneurs engaged in competitive industries
and enterprises, based on sound business principles;
- Pays income tax at corporate rates and dividends to the shareholder;
- Aims to maximise developmental and financial returns within an
acceptable risk profile.
Strategic Goals
The IDC’s objective is to provide development finance, so as to support industrial capacity
development and entrepreneurship.
South Africa has a diversified economy, with well-developed agricultural,
mining, manufacturing and services sectors. However, certain areas of the
economy still need further support and development in order for the country to
realise its full potential. The IDC plays an important role in this development,
by assisting with the development and implementation of government policies,
and through identifying and addressing market gaps, bottlenecks and capacity
constraints in the economy. In the rest of Africa, where economies are still
largely focused on resource-based industries, the IDC’s objective is also to
unlock the potential of these resources and assist in the industrialisation and
modernisation of countries.
In order for the benefits of development to be felt throughout the economy,
a strong entrepreneurial class is needed. The IDC develops entrepreneurs
through its assistance to Small and Medium Enterprises (SMEs), and through
non-financial support to new entrepreneurs.
In order for the benefits of development to be felt throughout the economy,
a strong entrepreneurial class is needed. The IDC develops entrepreneurs
through its assistance to Small and Medium Enterprises (SMEs), and through
non-financial support to new entrepreneurs.
The outcomes achieved through the IDC’s industrial capacity development
and entrepreneurial support are determined by the Corporation’s mandate,
with the orientation of the organisation being towards servicing the needs of
the entrepreneurs and the business community. Through this, the Corporation
aims to achieve the following outcomes:
- Creating sustainable employment opportunities;
- Growing sectoral diversity;
- Supporting new entrepreneurs entering the economy;
- Supporting Broad-Based Black Economic Empowerment (B-BBEE);
- Support for SMEs;
- Promoting regional equity, including:
- Development of rural areas;
- Supporting development in poorer provinces;
- Stimulating economic activity in previous townships;
- Industrialisation in the rest of Africa;
- Supporting export-focused enterprises; and
- Ensuring environmentally sustainable growth.
Products and Services
The IDC offers a wide array of financial instruments for businesses,
including:
- Equity;
- Quasi-equity;
- Commercial debt;
- Wholesale finance;
- Bridging finance;
- Share warehousing;
- Export/import finance;
- Short-term trade finance;
- Venture capital.
These instruments may be provided singly or in combination.
| Chairperson |
Ms Monhla Hlahla |
| CEO |
Mr Geoffrey Qhena |
| Enabling Act |
Industrial Development Act, No.22 of 1940 |
| Telphone |
+27 (11) 269 3000
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| Fax |
+27 (11) 269 3113 |
| E-mail |
callcentre@idc.co.za |
| Postal Address |
PO Box 784055, Sandton, 2146 |
| Website |
www.idc.co.za |
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