21 Feb Competitions Tribunal approves IDC sale of Scaw

The Competition Tribunal has conditionally approved the acquisition by Barnes Southern Palace of steel producer Scaw from the Industrial Development Corporation (IDC).

As part of the sale agreement, the IDC will return an undisclosed minority stake in...

17 Aug Energy storage has potential to spur economic growth

The global energy generation landscape is evolving rapidly from a centralised generation to a distributed energy generation model. While this change has created challenges, it has also created opportunities, says IDC’s Divisional Executive for Agro, Infrastructure and New Industries, Lizeka Matshekga...

31 Jul IDC approvals jump to R15.3 billion for 2017 financial year

The Industrial Development Corporation (IDC) continues to be counter-cyclical in the current economic environment. In 2017, the IDC demonstrated...

19 Jul Bag manufacturer opens plant in Cape town

Start-up enterprise, PP Excel (Pty) LTD has officially launched a manufacturing plant in Cape Town. The plant manufactures quality woven polypropylene cement and raffia bags...

04 Jul Fraud Alert

The IDC is committed to good governance, ethics, anti-corruption and fraud prevention....

25 May R1,5 Billion Downstream Steel Industry Competitiveness Fund Established

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19 May IDC funded cement plant – launches in Ethiopia

As part of its objectives aimed at strengthening regional economic integration, the IDC partnered with South African cement manufacturer PPC, the ...

20 Mar Global Entrepreneurship Congress 2017 – Minister Zulu on SMMEs

The South African economy needs scalable SMMEs that can grow at an exponential rate. This is critical to helping government achieve its objectives of reducing unemployment,” said Small Business Development Minister, Lindiwe Zulu

17 Feb IDC and NEF merge

In a landmark breakthrough for SA’s quest for inclusive growth and radical economic transformation, the Ministers of Trade and Industry and of Economic Development announced in Cape Town yesterday that the National Empowerment Fund (NEF) will become a wholly-owned subsidiary of the Industrial Development Corporation...