Our products

Manufacturing Competitiveness Enhancement Programme (MCEP)

Manufacturing Competitiveness Enhancement Programme (MCEP)

FUND SIZE: R1 BILLION (Off-balance sheet)

Working Capital Facility

Objective

To assist manufacturing companies with working capital.

Qualifying Criteria

  • Only available for working capital requirements;
  • Start-ups only considered for Black Industrialists’ businesses;
  • Only applicable to manufacturers under Standard Industrial Classification Code 3;
  • Applicant may not contemplate workforce reductions during the term of the facility;
  • Applicant required to achieve BBBEE Level 4 within 24 months;
  • MCEP funds are blended at a leverage level of at least 20% funding from IDC; and
  • Pre and post Business Development provided at a maximum of R3 million per applicant.

Instruments and Pricing

  • Limited to R50 million per applicant;
  • Priced at a fixed rate of 4%;
  • Maximum term is 48 months, including moratorium;
  • First drawdown must occur within 6 months from approval date; and
  • No fees apply.

Plant and Equipment Facility

Objective

To provide finance to Black Industrialists for the acquisition of plant and equipment.

Qualifying Criteria

  • Only applicable to Black Industrialists’ businesses;
  • Only available for plant and equipment requirements;
  • Applicable to start–up businesses, expansions and expansionary acquisitions;
  • Applicant may not contemplate workforce reductions during the term of the facility;
  • Only applicable to manufacturers under Standard Industrial Classification Code 3;
  • Applicant will be required to achieve BBBEE Level 4 within 24 months;
  • MCEP funds are blended at a leverage level of at least 20% funding from IDC; and
  • Pre and post Business Development will be provided at a maximum of R3 million per applicant

Instruments and Pricing

  • Limited to R50 million per applicant;
  • Priced at a fixed rate of 4%;
  • Maximum term is 84 months, including moratorium;
  • First drawdown must occur within 12 months from approval date; and
  • No 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

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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 >

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Corporate responsibility

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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 >

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