Key Policies
The IDC adapts its role in sustainable economic development as national priorities evolve.
Three frameworks guide our approach: the National Development Plan, the New Growth Path and the Industrial Policy Action Plan.
GREEN HYDROGEN COMMERCIALISATION STRATEGY
The 2022 State of the Nation Address by the President highlighted the strategic importance of positioning South Africa as a global leader in the green hydrogen (GH2) market. The IDC is playing a leading role in the development of a Green Hydrogen Commercialisation Strategy (GHCS) for South Africa through its chairmanship and secretariat of the Green Hydrogen Panel (GHP).
Minister Ebrahim Patel formed the GHP in June 2021 to develop this GHCS. The aim of this GHCS is to outline the commercial opportunity, development approach and action plan for a viable GH2 industrial sector. The GHCS builds off the work of the Hydrogen Society Roadmap by the Department of Science and Innovation which was approved by Cabinet in September 2021. The GHCS was developed by the GHP and on 30 November 2022, cabinet approved the publication of GHCS for public comments.
Public comments were incorporated into the final document that was approved by Cabinet on 18 October 2023.
The links to download the documents are below:
Executive Summary Green Hydrogen Commercialisation Strategy [PDF]
Full Report Green Hydrogen Commercialisation Strategy [PDF]
Summary Green Hydrogen Commercialisation Strategy [PDF]
NATIONAL DEVELOPMENT PLAN
The National Development Plan (NDP) aims to eliminate poverty and reduce inequality by 2030. It defines a desired destination and identifies the role different sectors of society need to play to achieve these goals.
As a long-term strategic plan, the NDP serves four broad objectives:
- Providing overarching goals for what South Africa wants to achieve by 2030;
- Building consensus on the key obstacles to achieving these goals and what needs to be done to overcome those obstacles;
- Providing a shared long-term strategic framework within which more detailed planning can take place in order to advance the long-term goals set out in the NDP; and
- Creating a basis for making choices about how best to use limited resources.
To make meaningful progress in eliminating poverty and reducing inequality, the NDP points out that South Africa needs to improve the quality of education, skills and make optimum use of its resources. This will spark a cycle of development that expands opportunities, builds capabilities and raises living standards.
Find out more about the NDP.
NEW GROWTH PATH
Key drivers in government policy are the creation of jobs, the reduction of inequality and poverty alleviation. To ensure this happens, the government has set out on a New Growth Path.
This path is both bold and imaginative in its destination – the creation of millions of new jobs. At the same time, it takes into account the broader global factors that impact us locally.
The New Growth Path also outlines how South Africa can achieve a more developed, cohesive and equitable economy. It identifies specific focus sectors to generate an inclusive, green economy.
Find out more about the New Growth Path.
INDUSTRIAL POLICY ACTION PLAN
The Industrial Policy Action Plan (IPAP) sets out in detail key actions and time frames for the implementation of industrial policy. It has three main components:
- A range of sectoral actions;
- A set of cross-cutting actions of particular importance for industrial policy; and
- Measures to improve government’s organisation and capacity to implement industrial policy.
The action plan aims to promote long-term industrialisation and diversification beyond traditional commodities and non-tradable services, expanding production in value-added sectors with high employment and growth opportunities.
Emphasis is placed on labour absorbing production and services sectors, increasing access to the economy of historically disadvantaged people and regions, and building South Africa’s contribution to industrial development beyond our borders.
Find out about the IPAP [PDF 2.4mb].
YOUTH DEVELOPMENT
The plight of South Africa’s youth, specifically the excessive levels of youth unemployment, is relentlessly in the spotlight and dealing with it is a national imperative and one of government’s priorities. We have a direct interest in addressing youth unemployment; our approach is to tackle education, work experience and entrepreneurial development. Read more
BROAD-BASED BLACK ECONOMIC EMPOWERMENT
We support Broad-based Black Economic Empowerment (BBBEE), a government policy to advance economic transformation and enhance the economic participation of black people in the South African economy. Read more
LANGUAGE POLICY
The Use of Official Languages Act was promulgated to provide for the regulation and monitoring of the use of official languages by National government for government purposes, as well as to require the adoption of a language policy by a national department, national public entity and national private enterprise. The IDC, a Schedule 2 public entity in terms of the Public Finance Management Act, is committed to promoting the objectives of the Use of Official Languages Act.
The IDC Language Policy provides guidelines for the use of languages at the IDC and applies to all IDC employees and may affect IDC stakeholders.
PROCUREMENT POLICY
We seek to provide an effective and efficient procurement service to the IDC and its stakeholders through procurement best practices and optimal resource management, in compliance with the IDC policies and relevant procurement regulatory framework. The IDC is committed to affirmative procurement consistent with the South African Constitution and the approved DTI Codes of Good Practice issued in terms of the BBBEE Act No. 53 of 2003.
The IDC does not have any procurement service provider whose total annual procurement spend for the 2021/2022 fiscal year is equal or greater than 10% of IDC’s total procurement spend. Read More