Material subsidiaries

Business location   Head Office:   
Regional offices:  
  
Centurion   
East London, Bloemfontein, Johannesburg, Durban, Polokwane, Nelspruit, Kimberley, Rustenburg, Cape Town  
  
Products/Services and markets served   Main products/services:   
Markets served:   
Revolving loan, bridging loan, asset finance, term loans, working capital   
All nine provinces in South Africa for both wholesale and direct lending  
IDC funding   Ownership: (% shareholding)  100%  
Financial indicators   Total assets:   
Turnover:   
Loss before tax:  
Return on assets:  
  
R2.2bn   
R147.4m  
Loss of R97.2m  
-3%
  
  
Development impact   Direct job creation:   
Value of funding approved:   
  
Number of SMMEs financed:  
  
% funding in rural areas:  
% funding towards women entrepreneurs:  
% funding towards black-owned businesses:  
19 853   
Direct Lending approved – R146m  
Wholesale lending approved – R293m  
Direct lending SMMEs financed – 119  
Wholesale lending SMMEs financed – 28 243  
45.4% funding in rural areas  
39.8% funding to women  
78.1% funding to black-owned businesses  
Human resources indicators   % black* executive management:   
Training spend as a % of turnover:  
Training spend on black* employees as a % of turnover:  
Staff turnover:  
Staff belonging to trade unions:   
Procurement spend on black* owned business as a % of total procurement spend:  
67%   
0.7%  
0.6%  
8%   
65%   
91.4%
  
Note: *As defined in the Broad-based Black Economic Empowerment Codes

 

Business location   Head office:   
Regional presence:  
  
Midrand (Gauteng)   
Phosphate mine in Phalaborwa (Limpopo)   
Phosphoric Acid plant in Richards Bay (KZN)  
  
Products/Services and markets served   Main products/services:   
Markets served:   
Phosphate rock, Phosphoric Acid, DAP, MAP, Magnetite   
MAP (monoammonium phosphates), DAP (diammonium phosphates) to local markets,  
Phosphoric Acid to India, Japan, Netherlands, Bangladesh, Dubai, Portugal, Indonesia, Saudi Arabia  
Magnetite to local market, Zambia, Malawi, China  
Phosphate rock is mainly sold internally to the Acid Division, locally and exported to Japan and Europe  
IDC funding   Total exposure:   
Ownership: (% shareholding)  
Purposes for which funding has been applied:  
R900m capital long-term loan plus R45m interest. Fair value of shares is R2 095m   
59%  
Equity holding in Foskor and funding of the Asset Replacement Programme at the Acid Division plus additional Capex requirements at both operating divisions  
Financial indicators   Total assets:   
Turnover:   
EBITDA:  
Gross profit margin:  
Return on assets:  
Debt/Equity:  
R7.6bn   
R4.9bn  
R102m  
19.6%  
-2.18%
(loss after tax/total assets)  
48%
  
Development impact   Direct job creation:   
  
  
  
B-BBEE rating:   
  
Consolidated permanent employment at 31 March 2013 is 1 945, distributed as follows:   
Gauteng 26; KwaZulu-Natal 606; Limpopo 1 313  
Annualised number of temporary workers at 156, distributed as follows:  
Gauteng 1; KwaZulu-Natal 63; Limpopo 92  
Level 3 Contributor   
Human resources indicators   % black* executive management:   
Training spend as a % of turnover:  
Training spend on black* employees
as a % of turnover:  
Staff turnover:  
Number of fatalities:   
Estimated HIV infection rate:  
Staff belonging to trade Unions:   
Procurement spend on black*
owned business as a % of
total procurement spend:  
Note: * As defined in the Broad-based
Black Economic Empowerment Codes
  
87.5%   
0.27%
  
0.11%  
5.8%   
1   
3.1%
  
NUM – 1 043; CEPPWAWU – 333: Solidarity (combined divisions) – 225;
UASA – 97; UCIMESHAWU – 6; Agency shop for Mining Division – 91; Total staff: 92%  
76.8%
  
  
Environ-   
mental indicators  
Total electricity consumption:   
Electricity from renewable resources:  
Total water usage:  
Amount of water recycled:  
Recycling of waste materials:  
Total number and volume of significant spills:  
Number of fines for contravening environmental regulations:  
529 202 529kWh   
8 353 000kWh  
242 544 365m3  
201 785 000m3
  
1 603 tons in total (various waste streams)  
3 spills (6 860 litres)  
None  

CASE STUDY

Medac

The investment will assist Medac venture holistically in the manufacturing of orthopaedic bracing products for local and export markets, thus contributing to an increase in South Africa’s manufacturing capabilities.

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.


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