About IDC

Broad-based Black Economic Empowerment

bbbee insideCapricorn FM is a good example of IDC’s involvement in advancing black ownership

We support Broad-based Black Economic Empowerment (BBBEE), a government policy to advance economic transformation and enhance the economic participation of black people in the South African economy.

We want to play our part in bringing the majority of South Africans into the mainstream economy by:

  • Boosting black ownership, management and employment equity;
  • Developing skills of black employees;
  • Supporting government projects at local, provincial and national levels, adhering to the principles as set out in the BBBEE legislation;
  • Encouraging our stakeholders to comply with our BBBEE policies;
  • Getting involved in discussions and policy inputs; and
  • Motivating the private sector to co-finance BBBEE transactions.

Useful information

The latest Codes of Good Practice on Black Economic Empowerment were published in the Government Gazette No. 36928, 11 October 2013. They provide the framework for companies to be rated.
Codes of Good Practice

  • Ownership: Measures effective ownership of enterprises by black people.
  • Management control: Measures effective control of enterprises by black people.
  • Employment equity: Measures initiatives intended to achieve equity in the workplace.
  • Skills development: Measures the extent that employers carry out initiatives designed to develop the competencies of black employees.
  • Preferential procurement: Measures the extent that enterprises buy goods and services from BEE compliant suppliers as well as black owned entities.
  • Enterprise development: Measures the extent to which enterprises carry out initiatives contributing to enterprise development.
  • Socio-economic development: Measures the extent to which enterprises carry initiatives contributing to socio-economic development.
  • Qualifying small enterprises: Measures the extent to which enterprises carry out contributions made by qualifying small enterprises.

For more information on BBBEE codes.

Contact Us

Our sectors

We have 13 strategic business units that 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 business 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

Expanding Industrial Capacity for Development covers our financial and non-financial strategy and performance aspects for 2013/2014. 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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