A national development finance institution established in 1940 to promote economic growth and industrial development, the IDC provides niche and innovative funding products aimed at enhancing and growing South Africa’s industrial capabilities and, by extension, the rest of the African continent.
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.
Offering funding as well as industry and project development support to businesses involved in developing the automotive, rail, aerospace and ship industries.
Our Chemicals, Medical & Industrial Mineral Products Strategic Business Unit (SBU) supports and promotes entrepreneurship, industrial development and strategic partnerships by building competitive industries and enterprises in South Africa and the rest of Africa.
The Energy Sector is undergoing major transformation from traditional fossil fuel power sources to modern environmentally sustainable technologies and business models such as Renewable Energy , Energy Storage Technologies, Hydrogen Fuel/Power, Fuel Cells, Distributed Generation, Mini and Micro Grids, Energy Efficiency and Management, etc.
Funding from the infrastructure SBU will enable our clients to pursue growth opportunities in water and sanitation, telecommunications, logistics, and transport.
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.
To be a driving force in the development of a sustainable media and audio-visual value chain in South Africa.
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.
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.
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.
STEP 1Draw up a well-researched business plan, stating a compelling case for funding
*Applications can also be submitted at the IDC office
Upload your application with the relevant documents, certificates and business plan
STEP 4IDC will confirm that it has received your application. While processing we may ask you to supply extra information or documentation
STEP 5IDC 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.
Once the IDC has satisfied itself of your bona fides, you will be asked to sign a loan contract
STEP 7
Independent Non-Executive Director
Qualification: PhD in Energy Studies, Postgraduate qualifications in Law, Economic Policy, and Energy Economics, Admitted Advocate of the High Court
Nationality: South African
Skills and Expertise: Industrial Procurement & Development, Policy Formulation & Economic Development, Energy Economics & Infrastructure, Governance & Leadership.
Dr. Tebogo Makube is a seasoned policy and industrial development expert currently serving as a Board Member of the Industrial Development Corporation (IDC) and Chief Director for Industrial Procurement and Development at the Department of Trade, Industry and Competition (the dtic). He has extensive experience in fiscal policy, infrastructure planning, and energy economics, having held senior roles at the Financial and Fiscal Commission, National Treasury, and the National Energy Regulator of South Africa (NERSA). Dr. Makube also serves on the boards of Proudly South African and Trade & Industrial Policy Strategies (TIPS), where he is Chairperson. He holds a PhD in Energy Studies and postgraduate qualifications in Law, Economic Policy, and Energy Economics, and is an admitted Advocate of the High Court of South Africa. His expertise spans industrial procurement, regulatory frameworks, and economic policy development.
Independent Non-Executive Director
Qualification: BSc; BSc (Hons); MSc (Medical Bioscience) UWC, PhD (PhD (Human Physiology – Cancer Research) UP
Nationality: South African
Skills and Expertise: Medical Biosciences, Scientific Research & Field Applications, Business Leadership & Strategy, Investment Management, Entrepreneurship & Innovation, Green Technology & Sustainability, Mentorship & Youth Development and Transformational Leadership.
Dr Keitumetse Tebogo Mothibeli is a dynamic scientist, entrepreneur, and investment strategist with a strong academic foundation in medical bioscience and a PhD focused on maternal health and cellular development. Her career spans roles in scientific research, field applications, and corporate leadership, including positions at Whitehead Scientific and Adcock Ingram. She has trained internationally in advanced imaging and karyotyping technologies and served as R&D Director for innovative companies like Zucchi Innovations and Mofaya. As the founder of Maidi Holdings, she broke ground as the first black female to acquire diving and hull cleaning licenses in key South African ports. Currently, she is the CEO of Crystal Partners, a 100% black female-owned investment firm driving strategic partnerships across Africa in sectors such as agriculture, energy, health, and mining. Dr. Mothibeli is known for her principled leadership, commitment to mentorship, and passion for sustainable development and social impact.
Independent Non-Executive Director
Qualification: Master of Business Administration (MBA), Postgraduate Diploma in Business Management, Higher Certificate in Shipping and Transport Management and additional postgraduate training in Management Development and Executive Development Programmes
Nationality: South African
Skills and Expertise: Public Sector Leadership, Governance & Policy Development, Security & Intelligence Operations, International Diplomacy & Development, Public-Private Partnerships & Infrastructure, Strategic Operations & Institutional Reform and Transport & Logistics Management.
Ms Ayanda Dlodlo is a seasoned South African public servant and executive with extensive experience in governance, security, and international development. She has held several ministerial positions in the South African government, including Minister of Public Service and Administration, Minister of State Security, Minister of Communications, and Minister of Home Affairs. Her leadership extended to the African National Congress (ANC), where she served on the National Executive Committee. In 2022, she transitioned to the global stage as an Executive Director at the World Bank Group, representing Angola, Nigeria, and South Africa. Academically, she holds an MBA, a Postgraduate Diploma in Business Management, and a Higher Certificate in Shipping and Transport Management. Her career reflects deep expertise in public sector reform, policy development, intelligence operations, and international diplomacy.
Independent Non-Executive Director
Qualification: BA, LLM (Master of Laws) and LLM (Laws) form University of the Witwatersrand and Admitted Attorney
Nationality: South African
Skills and Expertise: Labour Market Policy & Employment Equity, Public-Private Partnerships & Strategic Advisory, Governance & Board Leadership, Socio-Economic Development & Transformation, Legal Expertise in Labour and Human Rights Law, Stakeholder Engagement & Social Compact Formation, Policy Development & Implementation and International Labour Organisation Collaboration.
Ms Tanya Cohen is a highly experienced public-private impact advisor and independent non-executive director with a strong commitment to solving complex socio-economic challenges that drive sustainable development. She operates at the intersection of business and government, enabling transformative outcomes that promote economic growth, employment, and inclusive policy reform. Her leadership is marked by clarity, enthusiasm, and the ability to mobilise execution across diverse stakeholder groups, including government, business, and labour. Ms Cohen has represented business interests at local, continental, and global levels, including at the International Labour Organisation. Her board experience spans tripartite government boards, commissions, and non-profit organisations, where she contributes to social, transformation, human resource, and governance subcommittees. As a Commissioner of the National Planning Commission, she continues to champion developmental impact and positive social change in South Africa. As an independent non-executive director, she brings deep expertise in stakeholder engagement, legal compliance, and strategic advisory, with a strong focus on transformation and sustainable development.
Independent Non-Executive Director
Qualification: B. Com in Finance – Stellenbosch University and Executive MBA
Nationality: South African
Skills and Expertise: Strategic Leadership & Business Development, Mining Operations & Commodities Trading, Investment Strategy & Private Equity, Corporate Governance & Board Leadership, International Business & Cross-Border Negotiation, Ethics & Organisational Integrity, Entrepreneurship & Innovation, Logistics & Industrial Services.
Mr Reon Barnard is a South African business executive and independent non-executive director with a strong background in finance, mining, and strategic leadership. He holds a B. Com in Finance from Stellenbosch University and an Executive MBA from the Tsinghua-INSEAD program, complemented by advanced certifications in ethics, negotiation, and board governance from institutions such as INSEAD, GIBS, and the Institute of Directors South Africa. With over two decades of experience, Mr Barnard has led and advised companies across mining, commodities trading, logistics, and industrial services. His expertise spans corporate governance, private equity, international business strategy, and ethical leadership, making him a valuable contributor to boardrooms and executive teams across sectors.
Chairperson | Independent Non-Executive Director
Qualification: Bachelor of Commerce (BCom) from University of Transkei, Master of Business Administration (MBA) and Honorary Doctorates.
Nationality: South African
Skills and Expertise: Broad-Based Economic Empowerment, Corporate Governance & Board Leadership, Strategic Investment & Financial Services, Social Entrepreneurship & Inclusive Economic Models, Public Sector Advisory & Policy Development, Transformation & Women Empowerment, Risk Management & Ethics Oversight and Leadership in Crisis Response (e.g., Solidarity Fund).
Ms Gloria Tomatoe Serobe is a pioneering South African business leader and independent non-executive director, widely recognized for her contributions to economic empowerment and corporate governance. She holds a BCom from the University of Transkei and an MBA from Rutgers University in the United States, along with honorary doctorate from leading South African university. Ms Serobe is the founding CEO of WIPHOLD (Women Investment Portfolio Holdings), a trailblazing investment firm focused on empowering women through ownership and participation in the economy. She has served on the boards of major corporations including Sasol, Old Mutual, and the Solidarity Fund, where she played a key role in crisis response during the COVID-19 pandemic. Her expertise spans strategic investment, transformation, ethics, and inclusive development, making her a respected voice in both the private and public sectors.
