The Industrial Development Corporation (IDC) has issued a highly successful ZAR 2.046 billion inaugural sustainability bond, surpassing the ZAR 1.5 billion target with an orderbook of ZAR 3.464 billion. The bonds were issued across 5-, 7-, 10-, and 12-year tenors, with strong demand at the...
Johannesburg. 28 February 2025. The Industrial Development Corporation of South Africa (IDC) acknowledges the significant challenges currently faced by ArcelorMittal South Africa (AMSA). The IDC is fully aware of the devastating effects that the potential job losses could have on the workers and their families,...
Industrial Development Corporation of South Africa (the “Issuer,” the “Corporation” or “IDC”) commissioned ISS-Corporate to assist with its sustainable bonds by assessing three core elements to determine the sustainability quality of the instruments: View full PDF here ...
Johannesburg - The Board of Directors of the Industrial Development Corporation (IDC) is pleased to announce that Cabinet, at its meeting on 04 December 2024, approved the Board’s recommendation to appoint Ms. Mmakgoshi Lekhethe as the Chief Executive Officer and Executive Director of the IDC. Ms....
The Industrial Development Corporation (IDC) was established in 1940 through an Act of Parliament, the Industrial Development Corporation Act, No. 22 of 194) and is 100% owned by the South African Government under the supervision of its shareholder representative, the Department of Trade Industry and...
Against the backdrop of a challenging market environment, investors have expressed confidence in the Industrial Development Corporation’s (IDC) growth trajectory. The IDC has successfully issued R1.721 billion in bonds, including exchange offers, in response to a total bid volume of R1.921 billion. The Corporation’s role in...
There is a direct correlation between the tepid economic growth that has characterised the local economy to the wanning fortunes of our manufacturing sector. Question is, how can we stimulate growth, so manufacturing becomes a key enabler of job creation? Against the backdrop of challenges, government’s...
Johannesburg - As part of its commitment to enhancing innovative solutions in the transport sector, the Industrial Development Corporation (IDC) yesterday unveiled the outcomes of a study which revealed several economic opportunities in the New Electric Value (NEV) value chain. The study was undertaken in partnership...
"IDC’s performance in the year under review strategically positions the Corporation to support the country’s industrialisation, socioeconomic, and structural transformation objectives.” Against the backdrop of several economic headwinds, the Industrial Development Corporation (IDC) disbursed R15.9 billion of its own on-balance sheet funds to businesses, facilitating the...
At least 750 families, whose lives were turned upside down by the recent floods in the Western Cape, received much needed aid in the form of material for temporary shelter, blankets and food hampers for the past weeks as part of the Industrial Development Corporation...