26 Nov Sustainable Bond Framework 2024
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 Competition (DTIC). The IDC is a selffunded Development Finance Institution (DFI) that provides development finance, encouraging private sector development and, at times, supplying financial products not readily available on the market, thereby taking higher risk than other financiers.
DFIs play this catalytic role while achieving developmental outcomes and financial returns through funding. IDC pursues an ethical approach to investments.