The Industrial Development Corporation (IDC) of South Africa Limited was established in 1940 through an Act of Parliament (Industrial Development Corporation Act, 22 of 1940) and is fully owned by the South African Government.
IDC priorities are aligned with the national policy direction as set out in the National Development Plan (NDP), Industrial Policy Action Plan (IPAP) and industry Master Plans. Our mandate is to maximise our development impact through job-rich industrialisation, while contributing to an inclusive economy by, among others, funding black-owned and empowered companies, black industrialists, women, and youth-owned and empowered enterprises.
Simultaneously, the IDC must ensure its long-term sustainability through prudent financial and human resource management, safeguard the natural environment, and increasingly position itself as a Centre of Excellence for development finance.
We support industrial capacity development proactively identifying and funding high-impact projects, creating viable new industries, and using diverse industry expertise to drive growth in priority sectors. This is done to facilitate sustainable direct and indirect jobs; promoting entrepreneurial development and growing the SME sector; and transform communities and growing black industrialists.
We fund industrial development projects, play a catalytic role in promoting partnerships across industries within and outside our borders, and promote regional economic growth through:
• Proactively identifying and funding high-impact and labour-intensive projects;
• Leading the creation of viable new industries
• Using our diverse industry expertise to drive growth in priority sectors; and
• taking up higher-risk funding projects.