Press Releases

Press Releases

In pursuit of sustainable and inclusive industrial development, the IDC announced that it had disbursed a record R16bn into the economy in the 2012/2013 financial year. In addition to this achievement, the corporation sustained its funding approvals at the R13bn mark recorded in the previous...

The citrus sector is one of the most important agricultural sectors from a job creation and economic potential point of view, according to the National Development Plan (NDP). But there is a critical skills shortage in the sector, a gap the Industrial Development Corporation (IDC)...

Businesses owned by youth are set to benefit from the Industrial Development Corporation’s (IDC) Gro-E Scheme. Under the scheme, the IDC offers financial support to start-up businesses with the main aim of contributing towards sustainable job creation.

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CEOs from across the southern hemisphere were meeting at a “very opportune” moment. The 1st joint CEO Forum organised by the Association of African Development Finance Institutions (AADFI) and the Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is being held...

The Association of Development Financing Institutions in Asia and the Pacific (ADFIAP) is taking part in the first joint CEO Forum with the Association of African Development Finance Institutions (AADFI) this week.

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The Industrial Development Corporation (IDC), in partnership with Beijing Automotive Works Co. Ltd (BAW), a Chinese original equipment manufacturer (OEM), will set up a local taxi assembly plant which will go under the banner BAW South Africa.

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The Industrial Development Corporation (IDC) grew its funding activity by 55% to R13.5 billion, while the number of funding approvals rose by 33% to 293 in the financial year ending on 31 March 2012.

 

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The Industrial development Corporation has launched a Community of Practice (CoP) network platform which will function as a reservoir of information to be shared by development agencies. The initiative has been applauded by chief executives of various development agencies.

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In a development aimed at addressing fundingconstraints for Small, Microand MediumEnterprises (SMMEs), the Minister of Economic Development Ebrahim Patel today launched a new entity called the Small Enterprise Finance Agency (SEFA).

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