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A high-level seminar between the Industrial Development Corporation (IDC) and the Agence Française de Développement (AFD) strengthened the existing co-operation between the two institutions and expanded their scope of work. The seminar – held in May at IDC headquarters – comprised of different sessions of knowledge exchange on women empowerment and entrepreneurship; high level strategies; employment creation; climate initiatives; and financial inclusions; amongst others.

The seminar concluded with a roadmap for future actions and a signed statement of conclusion. The roadmap elaborations followed deliberations in two separate sessions on various development knowledge-sharing and presentations on indirect equity funds; risk-sharing; SMEs and financial inclusion; agriculture and orchard financing; and water efficiency. The knowledge-exchange seminar was a continuation of an existing partnership between the two institutions, after they signed the SUNREF 2 credit agreement in 2016.
The Industrial Development Corporation (IDC) has officially opened its new office in Emalahleni, Mpumalanga on 23 May 2018. The opening of the Emalahleni office is a strategic intervention that will enable the IDC to serve potential and existing clients in the Highveld region of the province. This is the second IDC office in Mpumalanga province, and adds to the 24 regional and satellite IDC offices countrywide.

The Emalahleni office will enable IDC to strengthen its visibility and be more accessible in the broader Mpumalanga province. The establishment of the office is also a direct response to the request from potential clients and the broader business community in Emalahleni, who indicated on several occasions that they would like to have an IDC office closer to them, as it was costly and time-consuming to travel to the Nelspruit office.

The new office is situated at the following address: Smokey Mountain Office Park Route N4 Business Park, Third Floor, Room 304 Emalahleni. The office can be contacted at (013) 658 2960

Building on the trends set by recent developments in the political landscape and reinforced by President Cyril Ramaphosa State of the Nation Address, the National Budget 2018 is likely to bolster business and investor sentiment further. This should translate into positive economic outcomes, including increased investment, business and consumer spending, higher production activity and job creation. Click here to access the 2018 national budget as reviewed by the IDC’s Research and Information unit.

The IDC signed a Non-Disclosure Agreement (NDA) with the Development Bank of the Central African States (BDEAC) on the 14th of February 2018, which will enable the BDEAC to share some of its projects with the IDC for possible co-funding.

The Competition Tribunal has conditionally approved the acquisition by Barnes Southern Palace of steel producer Scaw from the Industrial Development Corporation (IDC).

As part of the sale agreement, the IDC will return an undisclosed minority stake in Scaw. Southern Palace owns former Murray & Roberts infrastructure division in South Africa as well as other fabrication assets. The Barnes component of the group makes wire and related products.

 

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