The Industrial Development Corporation (IDC) of South Africa Limited was established in 1940 through an Act of Parliament (Industrial Development Corporation Act, 22 of 1940) and is fully owned by the South African Government.
IDC priorities are aligned with the national policy direction as set out in the National Development Plan (NDP), Industrial Policy Action Plan (IPAP) and industry Master Plans. Our mandate is to maximise our development impact through job-rich industrialisation, while contributing to an inclusive economy by, among others, funding black-owned and empowered companies, black industrialists, women, and youth-owned and empowered enterprises.
Simultaneously, the IDC must ensure its long-term sustainability through prudent financial and human resource management, safeguard the natural environment, and increasingly position itself as a Centre of Excellence for development finance.
Grow sustainable industries
Create globally competitive industries
realising Africa’s potential
Our day-to-day activities and business conduct
are guided by our values.
As a key implementing agency of industrial policy, the IDC’s activities currently centre on the National Development Plan (NDP), the New Growth Path (NGP) and the Industrial Policy Action Plan (IPAP). We identify sector development opportunities aligned with policy objectives and develop projects in partnership with stakeholders. By developing industrial capacity, the IDC achieves specific outcomes, such as facilitating job creation through the companies we fund.
In addition, IDC funding promotes regional development and integration, economic empowerment of communities and growing black industrialists. The IDC remains committed to promoting environmentally sustainable growth and increasing sectoral diversity to boost the local production of goods. It also plays a critical role through its subsidiary, the Small Enterprise Finance Agency (Sefa), in promoting entrepreneurial development and growing the SME sector.
The IDC has contributed to the implementation of South Africa’s industrial policy for more than 80 years and established, among others, the Petro-chemicals, and minerals beneficiation industries. We have stimulated large industrial projects in these industries – acknowledged today as the cornerstones of the country’s manufacturing sector – and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles.
During the 1990s, our mandate was expanded to include investment in the rest of Africa. Currently, our investments in Africa include mining, agriculture, manufacturing, tourism, and telecommunications. The IDC’s funding is generated through income from loan and equity investments and exits from mature investments and borrowings from commercial banks, development finance institutions (DFIs), and other lenders. We align our priorities with government’s policy direction and remain committed to developing the country’s industrial capacity and playing a major role in facilitating job creation through industrialisation.
We support industrial capacity development proactively identifying and funding high-impact projects, creating viable new industries, and using diverse industry expertise to drive growth in priority sectors. This is done to facilitate sustainable direct and indirect jobs; promoting entrepreneurial development and growing the SME sector; and transform communities and growing black industrialists. We fund industrial development projects, play a catalytic role in promoting partnerships across industries within and outside our borders, and promote regional economic growth through:
Proactively indentifying and funding high-impact and labour-intensive projects;
Leading the creation of viable new industries
Using our diverse industry expertise to drive growth in priority sectors; and
taking up higher-risk funding projects.