Media releases: 2010

IDC focuses on Brits

Details: Created on 27 October 2010

The Industrial Development Corporation (IDC) today opened a satellite office in Brits, saying that it is fast becoming a growing business hub.

IDC announces quick, short-term finance

Details: Created on 11 October 2010

Industrial Development Corporation (IDC) has recently launched a new ring-fenced short-term finance product, FasTrak. FasTrak is a once-off, non-revolving credit/loan facility, applicable only to clients who have won contracts, tenders and/or orders and have an urgent need for bridging assistance for a limited time frame.

IDC allocates R3.1 billion to distressed companies

Details: Created on 22 September 2010

At the onset of the economic crisis in 2008, the Industrial Development Corporation (IDC) realised that South Africa would not be spared the effects of the recession.

IDC invests through the recession and focuses on supporting a new Growth Path for South Africa

Details: Created on 15 July 2010

The Industrial Developmental Corporation (IDC) today announced that it had approved funding amounting to R9.4bn for the financial year ended March 2010.

IDC and UIF announce R2 Billion fund to create employment

Details: Created on 14 April 2010

The Industrial Developmental Corporation (IDC) of South African Limited and the Unemployment Insurance Fund (UIF) today announced that they will launch a R2bn investment aimed at creating and sustaining jobs. The investment will be through a bond issue which will be subscribed by the UIF and the Facility sourced at a fixed and concessionary rate of interest.

The IDC and KORES sign mineral resources co-operation

Details: Created on 19 March 2010

Johannesburg - The Industrial Development Corporation (IDC) today announced a strategic co-operation in the field of mineral resources with Korea Resources Corporation (KORES), a government financed institution of the Republic of Korea. The two entities signed a Memorandum of Understanding (MOU), where the main objective is to establish a strategic alliance between the Sides and to identify and carry out cooperative activities on the African continent and the Republic of Korea.