Investing in the economy



Medac was established in 1967 and operates from rented premises in Diep River, Western Cape. For over 30 years the business has been an industry leader in its field and is widely known for innovation and the quality of its products.

The company’s products are manufactured from the best available materials carrying the CE mark and comply with international standards (ISO 9001:2000). In addition, the company has been renowned for its design, manufacturing and marketing of compressions supports, orthopaedic bracing and performance gear to the orthopaedic, sports medicine and recreational athletic market.

In 2010, Medac took a strategic decision to manufacture some products it was importing from Donjoy in line with government objectives to promote local manufacturing. To achieve its objectives, the company approached IDC to fund the new equipment required to manufacture this new product range and the IDC accordingly approved funding towards the project. Medac’s application for funding is aligned with the IDC’s strategy to grow the medical device manufacturing sector, furthermore, the application is in line with the National Industrial Policy Framework and Industrial Policy Action Plan which encourages local manufacturing as well as assists the industry to obtain GMP and PICS accreditation, which is crucial for South African exports. In addition, IDC funding will assist Medac venture holistically in the manufacturing of orthopaedic bracing products both for local and export markets. This will contribute to the increase in the country’s manufacturing capacity and capability, which currently faces strong competition from other nations such as Europe, China, India and Brazil.

Building partnerships

The IDC’s capacity-building interventions in South Africa and elsewhere in Africa are motivated by the benefits potentially emanating from assisting our clients and DFI business partners in developing their requisite skills and knowledge bases.

Investing in communities

The IDC has adopted a framework to guide the development of rural areas and an important part of the corporation’s leadership in industrial development strategy focuses on support for priority sectors identified in the New Growth Path and Industrial Policy Action Plan.

R13.1 billion
R16.0 billion
18 922
3 950
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