Investing in the economy


Peter Blond 

Over the years, clothing manufacturer Peter Blond has developed into a respected supplier of high quality ladies outer garments for the Woolworths and Truworths retail chains.

The company’s head office and design studio are in Cape Town, with manufacturing plants in Cape Town and Lesotho. The running costs of a factory in Lesotho are lower than those of a comparable facility in South Africa and, therefore, assist Peter Blond to meet retailers’ price requirements and remain competitive.

In 2010/11, Peter Blond expanded manufacturing capacity in Lesotho and secured significantly increased orders. The company’s Cape Town factory, however, continued to experience higher operating costs, putting a severe strain on the viability of the business.

With the intervention of IDC, the business model of Peter Blond was significantly bolstered. Funding made available saved 662 jobs in Cape Town and 801 in Lesotho and enabled the creation of a further 175 and 470 jobs in Cape Town and Lesotho, respectively.

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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