Overview

The IDC is a state-owned financial institution offering an extensive range of financing facilities to private sector entrepreneurs engaged in manufacturing industries in South Africa. It follows normal company practice in its operations and pays income tax at corporate rates. Its mission is to assist in the financing of new and existing private sector enterprises so that industrial development takes place in South Africa according to sound business principles.

The focus of IDC financing is currently directed at economic empowerment of emerging entrepreneurs the development growth and globalisation of the medium-sized component of manufacturing; segmenting industries according to clusters of industries to improve their international competitiveness; propelling investment in new branches of manufacturing and attracting foreign investment; establishment of internationally competitive large resource based beneficiation projects to support spatial development initiatives; encouraging development amongst SADC countries; serving as a catalyst for attractinging foreign investment to the region and to strengthen the IDC financially; and leveraging of entrepreneurial development in tourism, agri-business and small mining activities due to their merits regarding employment creation, rural development and generation of foreign exchange earnings.

General Information

Organisation Type: Organisation
Registered in: South Africa
Registration No.: 1940/04201/06
Nick name/Abbrev.: IDC
Business Sector(s):
  • Development
    • General development
  • Financial Services
    • Development Corporations

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has shareholder: Government of South Africa, South Africa

Related Facilities

has a share in: Corridor Sands – Heavy Mineral Sands Mine
has a share in: Mozal Smelter – Aluminium Mineral Beneficiation (24%)

Related Projects

is principal in: Corridor Sands Heavy Mineral Sands Project, Mozambique
is principal in: Mozal II Aluminium Smelter Expansion (24.04%)
is principal in: Rehabilitation of Sena railway line

Directors/Managers

Managing Director: Mr K Ngqula (Khaya)
Chairperson (Non-Exec.): Ms WYN Luhabe (Wendy)
Chief Financial Officer: Mr GS Gouws (Gert)
Director (Non-Exec.): Adv F-A Du Plessis
Director (Non-Exec.): Mr GT Ferreira
Director (Non-Exec.): Mr PA Karsten
Director (Non-Exec.): Mr DH Lewis
Director (Non-Exec.): Mr ME Mkwanazi (Mafika)
Director (Non-Exec.): Ms NE Mtshotshisa (Nomazizi)
Director (Non-Exec.): Mr JG Ngcobo (Jabulani Geoffrey)
Director (Non-Exec.): Mr MM Ngoasheng (Moses Modidima)
Director (Non-Exec.): Dr ZZR Rustomjee

Shaun Bakamoso

Greetings. I'm Shaun Bakamoso, and I'm thrilled to be your guide through the dynamic world of business news in South Africa here at mbendi.co.za. With a passion for staying informed and a keen interest in the ever-evolving landscape of business, I've dedicated myself to providing you with timely, insightful, and comprehensive coverage of the latest developments impacting the South African economy. bakamoso@gmail.com / Instagram