About IDCOur focus
The Tourism SBU is headed by Mbuyazwe Magagula and focuses on asset-based finance, with the bulk of our portfolio invested in the accommodation sector. The SBU seeks to:
- contribute to government ’s strategy for the tourism industry
- participate in the establishment of good quality hotels in South Africa and the rest of Africa
- diversify its portfolio into other subsectors such as cultural and heritage products, arts and crafts and business tourism.
- support BEE projects with significant development impact in townships and rural areas whilst adhering to the Tourism BEE Charter requirements
- increase participation in projects related to the 2010 Soccer World Cup
Who should apply for finance
While each proposal is considered on its particular merit, preference is given to:
- Projects that show profitability and sustainable commercial viability
- Financing of fixed assets and capital expenditure
- A product or facility for which there is an identifiable demand from a quantifiable market
- Projects which have a significant developmental impact ie job creation, empowerment and rural development
How to apply for finance
Click here for more information on the application process and funding criteria.
Who to contact
For more information on the Tourism SBU, please click here to contact us, or call us on 086 069 3888 or +27 11 269 3509. Alternatively, email our call centre at callcentre@idc.co.za.
