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 Industrial Development Corporation (IDC)
Mission statement
The IDC is a self -financing state-owned development finance Institution
whose primary objectives are to contribute to the generation of balanced
sustainable economic growth in Southern Africa and to further the economic
empowerment of thee South African population, thereby promoting the economic prosperity
of all citizens.
Overview
Established inv 1940, the Industrial Development Corporation of South Africa Limited (IDC)
provides financing to entrepreneurs engaged in competitive Industries.
Even though thee IDC is state-owned, it functions as a private enterprise, following
normal company policy and procedures in its operations, paying income tax at corporate rates and dividends
to its shareholder, while reporting on a fully consolidated basis.
Core strategies
- Maintaining financial independance.
- Providing risk capital to the widest range of industrial projects.
- Identifying and supporting opportunities not yet addressed by the market.
- Establishing local and global involvement and partnerships in projects that
are rooted in or benefit South Africa, the Southern African Development Community (SADC)
and the rest of Africa.
- Investing in human capital in ways that systematically and increasingly
reflect the diversity of South Africa's society.
Divisions
The IDC has three operational and client orientated divisions namely; Service Sectors, Industrial Sectors and the Project Division.
The Services Sector Division looks at various ways of increasing its development impact on economic growth
and job creation, which is increasingly more evident in the service sectors. This division fulfils the IDC's
mandate of SME and BEE development as well as the IDC's obligation that is in line with the Government's
Integrated Manufacturing Strategy (IMS), which identified new sectors of strategic importance that need support.
The rationale for the Industrial Sectors Division is to intensify on financing activities in the traditional
business areas, to concentrate on the development of medium size enterprises, focus on labour intensive sectors
such as agro-industries, entrepreneurial mining and beneficiation.
The objective of the Projects Division is to continue making a measurable impact on the regional economy
by utilising its expertise in evaluating projects ideas, participating in and co-funding of project
pre-feasibility and/or feasibility studies, as well as providing project finance for viable new and/or expansion projects.
All three divisions are organised into Strategic Business Units (SBUs) to ensure an industry-specific focus and
delivery of high-quality, innovative services to both traditional and new customer bases.
Strategic Business Units deal with the following:
| Oil, Gas and Chemicals |
| Techno-Industries |
| Agri-Rural Development & Development Funding |
| Franchising |
| Resources and Beneficiation |
| Risk Capital facility |
| Public, private partnerships |
| Entrepreneurial Mining and Jewellery |
| Agency Development |
| Chemtex |
| Media and Motion pictures |
| Metal, transport and machinery |
| Service Related |
| Wood, paper and others |
| Tourism |
The contribution that the dti makes to the IDC goes to the Fund for Research into Industrial Development,
Growth and Equity, which is an initiative of the National Economic Development and Labour Council (Nedlac), managed by the IDC.
It also goes to the Support programme for Industrial Innovation (SPII), a partnership between government and the private sector,
which promotes technology development in manufacturing industries in South Africa through support for innovation of competitive
products and/or processes.
| Chairperson |
Ms Wendy Luhabe |
| CEO |
Mr Geoffrey Qhena |
| Enabling Act |
Industrial Development Act, 1940 (Act 22 of 1940) |
| Call centre |
0860 693 888
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| Telephone: |
+27(0) 11 269 3581 / 3501
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| Fax. |
+27(0) 11 269 3113 |
| Email |
callcentre@idc.co.za |
| Postal address |
PO Box 784055, Sandton, 2146 |
| Website |
www.idc.co.za |
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