The Industrial Development Corporation of South Africa (IDC) has entered into an agreement to provide ArcelorMittal South Africa (AMSA) with an additional facility totalling R1.683 million. This funding will support the deferral of the winding down of AMSA’s Long Steels business while a viable and...
In a powerful partnership aimed at empowering individuals with disabilities, the Industrial Development Corporation (IDC) has joined forces with The Living Link (TLL) in Cape Town. This collaboration underscores the IDC's unwavering commitment to promoting equity, diversity, and inclusion, while actively supporting community projects that...
Grant funding request of R1 342 246 was approved to support the Bicycle Empowerment Network’s (BEN) partnership with the Langa Bicycle Hub (LBH) to support the Bicycles of Langa (Iibhayisekile ze Langa) in the Western Cape. Background LBH is a cycling project established in 2020 during the...
The Global Leading Light Initiative requested funding amount of R1,989,388.06 towards their RecycleBot learners' coding and robotics training project. BACKGROUND GLLI is a registered non-profit organisation and a Cisco accredited networking academy founded in 2015 to create opportunities for youth, women and people with disabilities to participate...
Ehlanzeni TVET College is one of the 52 public TVET Colleges and is located in Enhlanzeni District Municipality in Mpumalanga Province. The College is made up of eight sites, seven campuses and a central office. The College offers a range of technical and vocational training...
The Industrial Development Corporation (IDC) has issued a highly successful ZAR 2.046 billion inaugural sustainability bond, surpassing the ZAR 1.5 billion target with an orderbook of ZAR 3.464 billion. The bonds were issued across 5-, 7-, 10-, and 12-year tenors, with strong demand at the...
Johannesburg. 28 February 2025. The Industrial Development Corporation of South Africa (IDC) acknowledges the significant challenges currently faced by ArcelorMittal South Africa (AMSA). The IDC is fully aware of the devastating effects that the potential job losses could have on the workers and their families,...
Industrial Development Corporation of South Africa (the “Issuer,”, the “Corporation”, or “IDC”) commissioned ISS-Corporate to assist with its Sustainable Bonds by assessing three core elements to determine the sustainability quality of the instruments. View full PDF here ...
Johannesburg - The Board of Directors of the Industrial Development Corporation (IDC) is pleased to announce that Cabinet, at its meeting on 04 December 2024, approved the Board’s recommendation to appoint Ms. Mmakgoshi Lekhethe as the Chief Executive Officer and Executive Director of the IDC. Ms....
The Industrial Development Corporation (IDC) was established in 1940 through an Act of Parliament, the Industrial Development Corporation Act, No. 22 of 194) and is 100% owned by the South African Government under the supervision of its shareholder representative, the Department of Trade Industry and...