KwaZulu-Natal

Overview: IDC Regional operations >

Kwazulu-Natal



The KwaZulu-Natal IDC operates on two principles: value and development. Value is determined by funding and the subsequent output of the business; development is determined by the location of the business, the jobs it creates for communities in surrounding areas, and how it has affected those communities.

It is this approach to business that has made the KZN IDC so successful. It is the only regional office in the country that has two headquarters because of the large number of its investments. The Pietermaritzburg office sees to clients in the Midlands and surrounding areas, and the Durban office caters for businesses along the coastline.

The KZN IDC invests in five sectors: namely agro-processing, textiles, metals, chemicals, and health care, with a particular focus on developing business in rural areas and promoting youth entrepreneurship.

In 2012, the sectors that received the most investment from the KZN IDC were textiles (R235-million) and metals (R237-million). Some of its key projects include Kingsgate Clothing Group, which has over 6 000 employees; Somta Tools; and Prilla yarn manufacturers, of which the IDC owns 100%.

At the end of its financial year in March 2013, KZN IDC had approved just over R1-billion of funds to 38 companies. This led to the creation of 7 836 jobs. Because of its efforts, the office has received numerous awards, including the Partnerships Award in the 2013 FNB KZN Top Business Portfolio Awards.

Physical address
Suite 2305, 23rd Floor
The Embassy Building
199 Anton Lembede Street
Durban

PO Box 2411
Durban
4000

Tel: 031 337 4455
Fax: 031 337 4790

Our sectors

Our strategic business units work in three distinct areas: the services sector; within the mining and manufacturing sector; and in the agro-processing and new industries environment. MORE >

Our regional support

We make an impact across the country, helping develop new business, growing existing companies, boosting local economies and providing expertise wherever needed. MORE >

Annual report

Advancing Industrial Development covers our financial and non-financial strategy and performance aspects for 2015. MORE >

Our products

We offer a wide range of products from debt equity to providing working capital and equipment finance. MORE >

Our research

Stay informed and read our award-winning research reports, as our team keep tabs on the economic trends globally, regionally and locally. MORE >

Corporate responsibility

We are playing our part in improving the quality of life of all our communities, especially in rural and underdeveloped areas. MORE >

Doing business with us

This is your one-stop-shop where you can engage with us directly via our e-services. MORE >

Domestic Medium Term Note Programme

The Industrial Development Corporation of South Africa Ltd has established a ZAR15,000,000,000 Domestic Medium Term Note Programme (as amended and updated on 17 July 2012). You can read the memorandum here. MORE >

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