Investing in the economy

CASE STUDY

Tellumat 

Tellumat is one of the few South African companies with core competencies in design, manufacturing and the roll-out of specialised communications solutions, microwave and RF technology-based products. The company is also an experienced contract electronics manufacturer, manufacturing digital TVs and traditional and smart utility meters.

With the majority of the business owned by broad-based black empowered groupings and its management via an employee share trust, the company is well positioned to play a role in high priority national projects like the Square Kilometre Array and the implementation of the digital migration process (local manufacture of STBs).

In support of the SBU’s STB localisation strategy, a proactive visit led to Tellumat eventually expanding its production capacity by utilising the competitively-priced UIF Fund. The IDC equipment loan enabled Tellumat to create 30 new permanent jobs at its Atlantis facility thus increasing its total workforce to 396. Given IDC’s commitment to improve customer turnaround time, the funding was approved within 13 working days from due diligence start date; with agreement signing, the financial close process and eventual cash disbursement occurring within an additional 15 days.

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.


APPROVALS
R13.1 billion
DISBURSEMENTS
R16.0 billion
JOBS FACILITATED
18 922
JOBS SAVED
3 950
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