Our products


We have selected two of our successful projects to highlight the partnerships the Strategic Business Unit supports.

Ascolon Trading (Pty) Ltd

Ascolon is a weaving mill in Mtwalume, KwaZulu-Natal. The company has been an IDC client since 2005 and IDC involvement has seen the company grow in employment numbers, as well as turnover, over the past few years.

The IDC assisted by providing a guarantee facility that allowed Ascolon to purchase raw material, providing a springboard for the consequent growth and viability of the business.

Ascolon Trading (Pty) Ltd

Sheraton has household textile manufacturing operations in Cape Town and Pietermaritzburg and has been an IDC client since 2008, when the IDC assisted by funding a turnaround strategy.

The IDC’s intervention has resulted in approximately 500 jobs either being saved or created.

The company exceeded expectations with regards to the turnaround and is growing from strength to strength.

Sheraton is a good example of a distressed company with a clear turnaround plan that has been successfully implemented.

Textiles and Clothing | FAQs | Clothing, Textiles, Leather & Footwear Competitiveness Scheme | Contact Us

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