Acronyms and abbreviations

ADS Agency Development and Support Department
AFD Agence Française de Développement
APCF Agro–Processing Competitiveness Fund
APORDE African Programme on Rethinking Development Economics
AUDIT Board Audit Committee
B–BBEE Broad–based black economic empowerment
BCM Business continuity management
BEE Black economic empowerment
BIC Board Investment Committee
BM Business management
BMF Black Management Forum
bn Billion
BR&SC Board Risk and Sustainability Committee
BRICS Brazil, Russia, India, China and South Africa
BS Business support
BSP Business support programme
CEO Chief Executive Officer
CEPPWAWU Chemical Energy Paper Printing Wood and Allied Workers Union
CFO Chief Financial Officer
CNG Compressed natural gas
CO2 Carbon dioxide
COBIT Control objectives for information and related technology
COP Conference of the Parties
COSO Committee of Sponsoring Organisations of the Treadway Commission
CP Condition precedent
CRO Chief Risk Officer
CSI Corporate social investment
CSIR Council for Scientific and Industrial Research
CSP Concentrated solar power
CTCP Clothing and Textiles Competitiveness Programme
DAFF Department of Agriculture, Forestry and Fishing
DAP Diammonium phosphates
DBE Department of Basic Education
DBSA Development Bank of Southern Africa
DD Due diligence
DE Divisional executive
DFD Development Funds Department
DFI Development finance institution
DG Director-General
DIRCO Department of International Relations and Co-operation
DRDLR Department of Rural Development and Land Reform
EBITDA Earnings before interest, taxes, depreciation and amortisation
ECDC Eastern Cape Development Corporation
ECIC Export Credit Insurance Corporation of South Africa SOC Limited
EDD Economic Development Department
EHS Environmental, health and safety
EIA Environment impact assessment
ERM Enterprise risk management
ESCO Energy servicing company
EVP Employee value proposition
EWP Employee wellness programme
EWRM Enterprise wide risk management
Exco Executive Management Committee
FET Further education and training
FRIDGE Fund for Research into Industrial Development, Growth and Equity
FY Financial year
GDP Gross domestic product
GEC Governance and Ethics Committee
GEEF Green Energy Efficiency Fund
GFCF Gross fixed capital formation
GHG Greenhouse gas
GRI Global Reporting Initiative
HCNC Human Capital and Nominations Committee
HIPO High potential
HIV Human immunodeficiency virus
IAD Internal Audit Department
ICT Information and communications technology
IDC Industrial Development Corporation of South Africa Limited
IDZ Industrial development zone
IFAC International Federation of Accountants
IFRS International Financial Reporting Standards
IMC Investment Monitoring Committee
IPAP Industrial Policy Action Plan
IPP Independent power producer
IPSF Industrial Policy Support Fund
ISAE International Standards for Assurance Engagements
IT Information technology
ITIL Information Technology Infrastructure Library
KRI Key risk indicator
KZN KwaZulu–Natal
LA Limited assurance
LED Local economic development
LPG Liquid petroleum gas
m Million
M&E Monitoring and evaluation
MAP Monoammonium phosphates
MCEP Manufacturing Competitiveness Enhancement Programme
MEWUSA Metal and Electrical Workers Union of South Africa
MHCV Medium and heavy commercial vehicles
MOA Memorandum of agreement
MOU Memorandum of understanding
MW Mega–watt
NDP National Development Plan 2030
NEDLAC National Economic Development and Labour Council
NEF National Empowerment Fund
NGO Non–governmental organisation
NGP New Growth Path
NT National Treasury
NUM National Union of Mineworkers
NUMSA National Union of Metalworkers of South Africa
OHO Operations head office
PAC–BP Pan African Capacity Building Programme
PFMA Public Finance Management Act
PGM Platinum group metals
PIBC Pre-investment business centre
PIC Public Investment Corporation
PICC Presidential Infrastructure Coordinating Commission
PIPA Provincial Investment Promotion Agencies
PPA Power purchase agreement
PPPFA Preferential Procurement Policy Framework Act
PR Public relations
PV Photovoltaic
RE Renewable energy
REDISA Recycling and Economic Development Initiative of South Africa
REIPPP Renewable Energy Independent Power Producer Procurement
RFP Request for proposals
RMD Risk Management Department
ROI Return on investment
SA Republic of South Africa
SAEWA South African Equity Workers Association
SAFTA South African Film and Television Awards
SALGA South African Local Government Association
SBU Strategic business unit
Scaw Scaw Metals Group South Africa
SE Social enterprise
SED Socio–economic development
sefa Small Enterprise Finance Agency SOC Limited
SEZ Special economic zone
SHIP Strategic High-Impact Projects SBU
SIC Standard Industrial Classification
SIP Strategic Integrated Project
SME Smalland medium–sized enterprise
SMME Small, medium and micro-sized enterprises
SOC State-owned company
SPII Support Programme for Industrial Innovation
the dti Department of Trade and Industry
TIA Technology Innovation Agency
UCIMESHAWU United Chemical Industries Mining Electrical State Health and Aligned Workers Unions
UIF Unemployment Insurance Fund
UJ University of Johannesburg
UNCSD United Nations Conference on Sustainable Development
UNEP United Nations Environment Programme
UNFCCC United Nations Framework Convention on Climate Change
UNISA University of South Africa
WSD Whole school development
WWF–SA World Wildlife Fund South Africa


!Khi Solar One

Once completed, this concentrated solar tower power station will be one of the largest in the world. One of the benefits of this project relative to most other renewable energy projects is its ability to store energy and to deliver electricity to the grid during peak times.

Coega Dairy Holdings

The IDC has identified increased competition in the dairy value chain and import substitution in the cheese industry as key sector development goals. We also singled out the need for increased farmer (and specifically B-BBEE) participation in dairy value-adding initiatives.

Windtown Lagoon Resort 

The newly built Windtown Lagoon Resort and Spa reflects the IDC’s focus to funding community-based projects that have potential to create employment opportunities in far-flung regions.

R13.1 billion
R16.0 billion
18 922
3 950
© The IDC 2013. All rights not expressly allowed are reserved. P.O. Box 784055, Sandton, 2146, South Africa