Our products

Gro-E Youth Scheme

Gro-E Youth Scheme

FUND SIZE: R950 MILLION (On-balance sheet)

Objective

Encourage youth entrepreneurship and employment creation, thereby expanding South African production capacity

Qualifying Criteria

  • Available to South Africans and permanent residents up to and inclusive of the age of 35 years at the time of final approval;
  • Youth shareholding should be at least 26%; 
  • Youth operational involvement in the business;
  • Applicant can be a start-up or expansion within South Africa;
  • Cost per job of up to R750 000 for the duration of funding – calculated using total project cost;
  • Applicant to meet the BBBEE requirements of the IDC – level 4 or have a plan to achieve this within 24 months; and
  • Own contribution will be determined by the financial capacity of the entrepreneur and the cash flow profile of the business.

Instruments and Pricing:

  • Equity, quasi equity and loans;
  • Minimum of R1 million and Maximum of R50 million per transaction;
  • Pricing to apply as follows:
    • More than 26% Youth Owned - Prime less 2%; Equity – 6% RATIRR; and
    • More than 50% Youth Owned - Prime less 3%; Equity – 5% RATIRR.
      Discounted equity pricing only applicable for the youth equity portion
  • First draw must occur within 1 year from approval of funding by the IDC or pricing reverts to normal IDC pricing; and
  • Standard IDC fees apply.

Our sectors

Our strategic business units work in three distinct areas: the services sector; within the mining and manufacturing sector; and in the agro-processing and new industries environment. MORE >

Our regional support

We make an impact across the country, helping develop new business, growing existing companies, boosting local economies and providing expertise wherever needed. MORE >

Annual report

Advancing Industrial Development covers our financial and non-financial strategy and performance aspects for 2015. MORE >

Our products

We offer a wide range of products from debt equity to providing working capital and equipment finance. MORE >

Our research

Stay informed and read our award-winning research reports, as our team keep tabs on the economic trends globally, regionally and locally. MORE >

Corporate responsibility

We are playing our part in improving the quality of life of all our communities, especially in rural and underdeveloped areas. MORE >

Doing business with us

This is your one-stop-shop where you can engage with us directly via our e-services. MORE >

Domestic Medium Term Note Programme

The Industrial Development Corporation of South Africa Ltd has established a ZAR15,000,000,000 Domestic Medium Term Note Programme (as amended and updated on 17 July 2012). You can read the memorandum here. MORE >

PAIA Manual | Terms and Conditions | Employee Webmail | Contact us | Sitemap
© The IDC 2016, ALL RIGHTS NOT EXPRESSLY ALLOWED ARE RESERVED. P.O. Box 784055, Sandton, 2146, South Africa