HOWWE FUND BUSINESSES IN THE
LIGHT MANUFACTURING SECTOR
Light Manufacturing
Our goal is to support light manufacturing activities that have a high developmental impact meaning they that have potential to create or preserve jobs, support local opportunities, bring about transformation in the economy and develop emerging entrepreneurs and black industrialists. We also support manufacturing activities that improve competitiveness and are environmentally sustainable. We fund high volume of opportunities offering high impact return on effort.
Doing business with the unit
Within the light manufacturing industry, we fund the following sectors:
WHAT WE FUND
Professional and scientific equipment
Television, radio and communication equipment
Furniture production
WHO SHOULD APPLY FOR FUNDING?
Suitable candidates for funding would fit the following criteria:
- Businesses implementing relatively sizeable projects;
- Businesses establishing projects that exhibit sustainable economic merit;
- Businesses designing projects with significant developmental impact, particularly:
- Sustainable job creation
- Manufacture of exports
- Value-addition
- Empowerment
- Rural development
Contact us if you need fixed assets or working capital, are planning a new project, or wish to expand on or rehabilitate an existing business.
FUNDING CRITERIA
In granting funding, we have set certain criteria:
- A written request for funding and a comprehensive business plan is required as part of your application;
- The project/business must exhibit economic merit in terms of profitability and sustainability; and
- Businesses/projects or credit applications must be commercially viable from a technical, marketing and financial perspective, and be environmentally sustainable.
HOW TO
APPLY FOR FUNDING
Application for funding should be in writing and should include an executive summary and a business plan.
STEP 1
BUSINESS PLAN
Draw up a well-researched business plan, stating a compelling case for funding
STEP 2
REGISTER ONLINE
*Applications can also be submitted at the IDC office
STEP 3
UPLOAD APPLICATION
Upload your application with the relevant documents, certificates and business plan
STEP 4
PROCESS APPLICATION
IDC will confirm that it has received your application. While processing we may ask you to supply extra information or documentation
STEP 5
APPROVAL STATUS
IDC will give you feedback on the outcome of your application, in writing. If your application is successful, due diligence will be conducted on your business.
STEP 6
LOAN CONTRACT
Once the IDC has satisfied itself of your bona fides, you will be asked to sign a loan contract
STEP 7
BEGIN FUNDING
OTHER INDUSTRY SECTORS
WE FUND
AGRO-PROCESSING & AGRICULTURE
Developing a competitive industry in the food, beverage, fibre, forestry and agro-derivative industries; that utilises and develops local and regional resources to supply domestic demand and increase participation in international trade.
AUTOMOTIVE & TRANSPORT EQUIPMENT
Offering funding as well as industry and project development support to businesses involved in developing the automotive, rail, aerospace and ship industries.
CHEMICALS, MEDICAL & INDUSTRIAL MINERAL PRODUCTS
Supporting and promoting entrepreneurship, industrial development and strategic partnerships by building competitive industries and enterprises in South Africa and the rest of Africa.
ENERGY
The Energy Sector is undergoing major transformation from traditional fossil fuel power sources to modern environmentally sustainable technologies and business models.
INFRASTRUCTURE
Funding from the infrastructure SBU will enable our clients to pursue growth opportunities in water and sanitation, telecommunications, logistics, and transport.
MACHINERY, EQUIPMENT & ELECTRONICS
Offering finance, and where relevant, technical assistance to a range of manufacturers, with the aim of seeing a competitive and diversified local machinery and capital equipment industry.
MEDIA & AUDIO-VISUAL
To be a driving force in the development of a sustainable media and audio-visual value chain in South Africa.
MINING & METALS
Since 1940, the Industrial Development Corporation (IDC) has helped facilitate South Africa’s industrial capacity by financing viable businesses within key sectors to stimulate the country’s economic growth.
TEXTILES & WOOD PRODUCTS
Offering support to a variety of enterprises across the sector, ranging from creators of home décor to leather goods producers to manufacturers of natural synthetic fabrics.
TOURISM & SERVICES
Primarily investing in the accommodation sub-sector, with a particular focus on business hotels in fast growing areas – high impact, sustainable, tourist attraction that provide niche products offerings.