| |
After 17 years of sustained growth, the South African economy has entered a recession. The domestic economy began to experience a slowdown in the second quarter of last year as the economy felt the effects of the fall-out from the international finance crisis. In this difficult operating environment, the IDC's counter-cyclical role in developing the country's industrial capacity and building sustainable small and medium enterprises has become even more relevant.
|
|
|
The IDC’s approach to improving skills development
As a development finance institution, the IDC focuses on providing skills development and training not only to its staff, but also externally to clients and entrepreneurs. In addition, the deployment and secondment policy allows the IDC to host staff from other organisations and thereby strengthen the skills and capacity of less developed/smaller development finance institutions (DFIs), dti agencies, and other government offices. Their employees get the opportunity to gain best practice knowledge and experience. |
