IDC’s North West regional offices are open for business. Visit our office near you to understand how we can partner with you to: ✔️ Fund your start-up or business expansion ✔️ Boost capacity ✔️ Improve competitiveness. Our team of experts are on standby to help you take the next step. Visit: https://lnkd.in/dkRnA6fV #IDCFunding #FundingOpportunities #BusinessFunding
Industrial Development Corporation
Financial Services
Johannesburg, Gauteng 63,325 followers
Partnering you. Growing the economy. Developing Africa
About us
The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940). The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War. For more than 70 years the IDC has contributed to the implementation of South Africa's industrial policy and has established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles. The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders. We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation.
- Website
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https://www.idc.co.za/
External link for Industrial Development Corporation
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Johannesburg, Gauteng
- Type
- Government Agency
- Founded
- 1940
Locations
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Primary
Get directions
19 Fredman Dr
Johannesburg, Gauteng 2196, ZA
Employees at Industrial Development Corporation
Updates
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ThrowbackThursday: Our participation at #COP29 affirms the IDC’s commitment to sustainable industrialisation. #IDCTeam hosted a panel discussion on the “Implementation of Sustainable Industrial Pathways: Developing a Pipeline of Projects for a Just Transition”. We also contributed to conversations on the socio-economic implications of climate change; challenges of innovative technologies in the climate agenda; Just Energy Transition Finance Dialogue, which focused on accessibility and inclusivity in JET financing and unpacking SA’s renewable energy landscape. Visit https://bit.ly/3Os6LcF for more information. Phiwe Marumo Pamela Mondliwa Kgashane Mohale Lwandle Mqadi, PhD Z. Rian Coetzee #ESG #IDCJustTransition #COP29Azerbaijan #Industrialisation
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The IDC’s Supplier Development Programme is all about partnership. Our suppliers are essential in helping us fulfil our mandate. In turn, we want to help their businesses to grow and thrive. This Entrepreneurship Month, we are excited to highlight some of the suppliers we backed in the last financial year. Their stories showcase the impact of our support, how we helped them expand, create jobs, and contribute to a better SA economy. Watch and be inspired by these entrepreneurship stories: https://bit.ly/4g2LgLa #30YearsOfDemocracy #SupplierDevelopment #Entrepreneurship
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Investors have expressed confidence in IDC’s growth trajectory. The Corporation has successfully issued R1.721 billion in bonds, including exchange offers, in response to a total bid volume of R1.921 billion. The order book highlighted notable investor interest, with most allocations concentrated in the long-term tenors, particularly the 10-year segment, along with smaller portions in the 7- and 5-year tenors. “The size of the order book and the long-term allocations demonstrate the confidence investors have in IDC’s future growth,” said IDC CFO Isaac Nkululeko Malevu. Read more: https://bit.ly/4g15gOe #IDCFunding #DevelopmentFinance
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Attention all Eastern Cape innovators. Register now and join us to learn more about how the Khoebo Innovation Promotion Programme (KIPP) partners with local entrepreneurs and SMEs, to provide commercialisation funding for locally developed innovations. We will be at Southern Sun The Marine on Friday, 29 November 2024 at 09:30. RSVP online: www.idc.co.za/KIPP/ #KIPP #IDCFunding #InnovationFunding #Entrepreneurship #LocalEntrepreneurship
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REMINDER: The Social Employment Fund & GIBS Business School invite you to the '𝗛𝗮𝗿𝗻𝗲𝘀𝘀𝗶𝗻𝗴 𝘁𝗵𝗲 𝗣𝗼𝘄𝗲𝗿 𝗼𝗳 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀: 𝗛𝗼𝘄 𝗖𝗶𝘃𝗶𝗹 𝗦𝗼𝗰𝗶𝗲𝘁𝘆 𝗶𝘀 𝗦𝗵𝗮𝗽𝗶𝗻𝗴 𝗮 𝗕𝗲𝘁𝘁𝗲𝗿 𝗧𝗼𝗺𝗼𝗿𝗿𝗼𝘄'. The dialogue will focus on the power of partnerships, the role of civil society in enabling business and government, and creating more inclusive communities for all. For more information & registration details visit: https://lnkd.in/dZ4jd6Tu Industrial Development Corporation GIBS Business School (Gordon Institute of Business Science) Avo Vision INMED Partnerships for Children #SEF #SocialEmploymentFund #WorkForCommonGood #EmpoweringLives
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This Global Entrepreneurship Week, we celebrate all the entrepreneurs, industrialists, women, and youth-owned businesses with innovative ideas that drive Mzansi forward. You have what it takes, let’s help you take it further. Visit www.idc.co.za for funding opportunities. #GEW2024 #IDCFunding #Entrepreneurship #BusinessFunding
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🌟 #ChooseDayConnect Poll 🌟 The IDC understands the importance of supporting entrepreneurs, who are the lifeblood of our economy. What drove you to become an entrepreneur? #GEW2024 #Entrepreneurship #BusinessFunding
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Exciting news for innovators and entrepreneurs in the North West! The Khoebo Innovation Promotion Programme (KIPP) is launching in Rustenburg on 21 November 2024. This event is a golden opportunity for you to connect with fellow innovators, gain insights about the fund, and how to apply. Register to attend the event: https://lnkd.in/dSigRgXq #KIPP #IDCFunding #InnovationFunding #Entrepreneurship #LocalEntrepreneurs
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Highlights from our day at #COP29: We hosted a panel discussion on “Implementation of Sustainable Industrial Pathways: Developing a Pipeline of Projects for a Just Transition”. Our panel of experts from IDC, Development Bank of Southern Africa (DBSA), Agence Française de Développement, and British International Investment shared valuable insights on the implementation of sustainable industrialisation. Don’t miss the opportunity to engage with #IDCTeam at the #COP29 SA Pavilion. #ESG #IDCJustTransition #Industrialisation
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