Press Releases

Press Releases

Johannesburg – The Industrial Development Corporation (IDC) has reaffirmed its commitment to supporting black‑owned and black‑controlled enterprises, emphasising that transformation and economic empowerment remain central to its developmental mandate. South Africa’s largest development finance institution, which has in recent weeks faced public scrutiny regarding allegations of...

Johannesburg – The Industrial Development Corporation (IDC) and the Development Bank of Southern Africa (DBSA) today signed a  Memorandum of Agreement (MOA) that will enable two of the country’s biggest development finance institutions to collaborate in the development, financing, and implementation of energy security projects within...

The Industrial Development Corporation (IDC) notes recent public discourse, scrutiny and stakeholder commentary regarding its funding decisions, due diligence and evaluation processes, internal systems and its role in advancing transformation and inclusive economic participation. As South Africa’s leading state-owned development finance institution, the IDC recognises the...

As one of the key institutions mandated to support industrial development, transformation and empowerment, the IDC welcomes public scrutiny including criticism thereof regarding both its successes and failures to execute on its mandate. Demand for financial support including from cross sections of competing business interests invariably...

Johannesburg – The Industrial Development Corporation (IDC) and the Public Investment Corporation (PIC) have signed a Memorandum of Understanding (MOU)  whose main objective is to establish a broad framework within which these institutions can collaborate, co-develop and co-invest in projects and exchange investment including other...