The Industrial Development Corporation of South Africa (IDC) has entered into an agreement to provide ArcelorMittal South Africa (AMSA) with an additional facility totalling R1.683 million. This funding will support the deferral of the winding down of AMSA’s Long Steels business while a viable and...
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 - 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....
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...
"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...
In accordance with paragraph 7.6 of the JSE Debt Listings Requirements, the Industrial Development Corporation hereby confirms that there are no conflicts of interest to report on and no recorded personal financial interests in the period under review. See Conflict of Interest Policy Here ...
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...
[Polokwane, South Africa, 04 July 2024]. The Industrial Development Corporation (IDC) is strengthening its presence across South Africa to help unlock entrepreneurial opportunities and create sustainable employment. To this end, the IDC is accelerating its drive to actively promote investment across all provinces in South...
The IDC, in partnership with the Imbumba Foundation, will be providing food, baby and dignity packs, as well as school packs to over 900 families in Ongengele, Mtubatuba. Learners from the Isigcino Primary and Nkosana High School will also receive school uniforms and stationery to...