The IDC, in partnership with the Imbumba Foundation, will be providing food, baby and dignity packs, as well as school packs to over 900 families in Ongengele, Mtubatuba. Learners from the Isigcino Primary and Nkosana High School will also receive school uniforms and stationery to...
Cape Town – In a bid to improve its competitiveness, Capetown based bedding and linen home textiles manufacturer, Sheraton Textiles has officially commissioned a multi-million Rand state of the art production facility located in Diep River, Cape Town. This plant will also help to enhance Sheraton’s...
Hammanskraal, Gauteng: The Industrial Development Corporation (IDC) and ForAfrika have collaborated on a multi-million-rand initiative to provide aid to the community of Temba in Hammanskraal, Gauteng. The community has been struggling with water sanitation ever since the outbreak of cholera in 2023. As part of...
This Black Industrialists Conference takes place on the eve of the 20th anniversary of the implementation of the Broad-based Black Economic Empowerment Act (B-BBEE Act)....
23 February 2024 Ladysmith, KwaZulu-Natal (KZN): The Industrial Development Corporation (IDC) and the IT Labs Foundation have come together in a multi-million-rand intervention to assist the community of KwaMhluntu and the Inhlanganiso Primary school which were severely affected by the floods that hit Ladysmith in the...
The Department of Mineral Resources and Energy (DMRE) and the Industrial Development Corporation (IDC) have signed a Memorandum of Agreement (MOA) officially establishing the Junior Mining Exploration Fund (JMEF). The establishment of this fund forms part of South Africa’s mineral exploration strategy. The main objective of...
Johannesburg - In one of the key developments during the 2023 UN Climate Change Conference (COP 28), South African development funder, the Industrial Development Corporation (IDC), and ACWA Power Company signed a Joint Development Agreement Term Sheet (JDATS). The purpose of the agreement is to...
South Africa’s Industrial Development Corporation (IDC) is committed to fulfilling its mandate of measurably contributing to sustainable industrial development and to an inclusive economy through its funding activities. In achieving this, the Corporation strives to play a meaningful role in society and operate responsibly and ethically. This...
Johannesburg— In a heartfelt gesture of compassion and solidarity, the Collen Mashawana Foundation (CMF) and the Industrial Development Corporation (IDC) have joined forces to bring hope and shelter to families devastated by the 2022 floods in KwaZulu-Natal. As part of their collaborative initiative, CMF and...
The year in review was characterised by several global and domestic headwinds, including slow economic growth, geopolitical tensions, domestic power supply constraints and weather-induced natural disasters. These factors largely tested the resilience of our economy. Of significance, the coordinated response by both the private sector and...