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.
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:
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.
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.
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:
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].
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
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
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.