The Industrial Development Corporation (IDC) is a state-owned largest development finance institution that provides funding for the development of industry in South Africa and the rest of Africa. Established in 1940, the IDC’s primary objectives are to contribute to the generation of sustainable economic growth in Africa and to the economic empowerment of the South African population. The IDC strives to, amongst others:

• Promote entrepreneurial development and grow the Small and Medium Enterprise (SME) sector;
• Grow black industrialists and transform impact on communities; and
• Provide funding in support of industrial capacity development.

• Entrepreneurs looking to start up small to medium manufacturing businesses;
• Companies that need funding for new projects, expansions or refurbishment;
• Existing manufacturers who wish to expand or modernize their production capacity; and
• Previously disadvantaged individuals (Particularly women and youth) with business projects.

• You need to have started a new business or running an existing registered business;
• Your business must be able to create jobs;
• You need a completed business plan;
• Your business must exhibit economic merit in terms of profitability sustainability;
• Reasonable financial contribution from the owner(s)/shareholder(s)/sponsor(s);
• Security, which may include bonds over fixed and movable assets of the business as well as personal surety and corporate guarantees;
• Compliance with South African business statutory requirements; and
• Compliance with international environmental standards.

1. Submit a written request for funding, including a funding request letter;
2. Attach executive summary and completed business plan;
3. Ensure you meet all the minimum requirements as set out above; and
4. Submit application to the IDC.

We ideally prefer to restrict the application approval process to between three and five months. However, due to different requirements for different applications, this may not be the case for each application. After submitting your application, you will be more than welcome to enquire on the process.

1. Funding for start-up and existing businesses with a minimum funding requirement of R1 million and a maximum of R1 billion;
2. Tailored non-financial business support for entrepreneurs for pre, during and post approval stages, including assistance to distressed clients;
3. Provision of short term; medium term; and long term loans;
4. Debt Financing;
5. Equity;
6. Quasi Equity;
7. Guarantees; and
8. Sector specific schemes.

IDC supports businesses in the following sectors/industries:

1. Agro-Processing and Agriculture;
2. Automotive and Transport Equipment;
3. Chemicals, Medical and Industrial Mineral Products
4. Energy;
5. Infrastructure;
6. Machinery, Equipment and Electronics;
7. Media and Audio-Visual;
8. Mining and Metals;
9. Textiles and Wood Products;
10. Tourism and Services

IDC does not support businesses in the following sectors/industries:

• Gambling;
• Property Development, including Residential, Office or Commercial Developments;
• Golf Courses;
• Acquisition of Game;
• Student or Long-Term Rental Accommodation; and
• Stand-Alone Tour Operators and/or Travel Agents.

CORPORATE PROFILE

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1. In the 2016/17 financial year, the IDC approved 175 funding transactions worth R15.3 billion, of which R11 billion funding was disbursed to businesses;
2. Of the disbursed amount, R7.7 billion was approved for the manufacturing sector;
3. 7 billion approved for black industrialists;
4. 1 billion for black empowered companies;
5. 2 billion approved for businesses with women ownership of more than 25%;
6. 3 billion approved for businesses with youth ownership of more than 25%;
7. Disbursed R59 billion between 2013 and 2017;
8. Approved a thousand applications between 2013 and 2017; and
9. Created and saved 99 006 directs jobs and 245 000 indirect jobs between 2013 and 2017.
10. 11.7 billion total funding disbursed in 2020
11. 2.2 billion approved for businesses with women ownership in 2020
12. 6.8 billion approved for the manufacturing sector in 2020

Head Office:

Call Centre: 0860 693 888. Email: callcentre@idc.co.za

Tel: (011) 269 3000

Regional Offices: