The IDC is participating in the SA Auto Week, taking place from 15-18 October 2024. We will delve into insightful discussions about development finance in Africa and opportunities within the battery value chains. If you’re at Auto Week, don’t miss the chance to catch IDC’s Joy Balepile and Kgashane Mohale in panel discussions today from 14:00 to 15:00. Find us at Level 1, Room 171. naamsa | The Automotive Business Council #IDCFunding #SAAutoWeek #AutomotiveIndustry #FundingOpportunities
Industrial Development Corporation
Financial Services
Johannesburg, Gauteng 62,180 followers
Partnering you. Growing the economy. Developing Africa
About us
The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940). The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War. For more than 70 years the IDC has contributed to the implementation of South Africa's industrial policy and has established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles. The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders. We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation.
- Website
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https://www.idc.co.za/
External link for Industrial Development Corporation
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Johannesburg, Gauteng
- Type
- Government Agency
- Founded
- 1940
Locations
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Primary
19 Fredman Dr
Johannesburg, Gauteng 2196, ZA
Employees at Industrial Development Corporation
Updates
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⭐ #ChooseDayConnect Poll ⭐ Did you know that the IDC unveiled an impactful study on New Energy Vehicles (NEVs)? Of interest is the NEV value chain’s significant potential to create employment opportunities. Read the report: http://bit.ly/4dy5IBS #IDCFunding #eMobility #TransportMonth
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The IDC-managed Social Employment Fund (SEF) has truly shone on the global stage, clinching the Prosperity Catalyst Award at The Bay Awards in Spain. Out of more than 150 entries from around the world, the SEF stood out as a finalist and ultimately took home the top prize. This accolade showcases the incredible impact the programme has in SA, built on strong partnerships with 37 civil society organisations and 1,100 community allies. #SEF #SocialEmploymentFund #workforcommongood #empoweringlives
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The IDC is proud to announce the launch of a fully equipped ICT Lab at the German Chiloane CET Centre in Acornhoek, Mpumalanga. In collaboration with Ecolabs Africa and the Department of Higher Education and Training (DHET), this technology lab is aimed at empowering students. Through the lab they will gain access to programmes and resources designed to enhance their employability and support them in starting their own businesses. #GermanChiloaneLabLaunch #IDCCSI #IDCFunding
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It’s Day 3 at Smarter Mobility Africa Summit! Drop by our booth to learn more about how the IDC is driving change through localisation of the New Energy Vehicle (NEV) value chain. #IDCFunding #eMobility #SMEsummit
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Introducing the IDC’s New Energy Vehicle (NEV) Localisation Value Chain Study, in partnership with AIH Group. The study showcases opportunities for decarbonising transportation and manufacturing of NEV vehicles, associated infrastructure and components for last mile delivery, logistics, public transport and other applications. Download the study: https://bit.ly/4dy5IBS Smarter Mobility Africa #IDCFunding #eMobility #SMAsummit
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The development of the New Energy Vehicle (NEV) value chain is aligned to IDC’s strategy, and we are proud to be a sponsor of Smarter Mobility Africa from 2-4 October 2024. Join us at #SMAsummit, where our Senior Industry Development Planner, Nathan Fredericks, will delve into how we’re driving opportunities in the NEV sector, fostering job creation, decarbonisation, and economic development. #IDCFunding #eMobility #SMAsummit24
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Last call for the IDC bursary applications! Over the past three years, we have invested more than R57 million to support the academic goals of our youth. Watch our series showcasing bright young minds that we have funded, and their commitment to improving their circumstances: https://bit.ly/4eF3JwH. Apply now: https://lnkd.in/daHYnH2p. #30YearsOfDemocracy #IDCBursary #YouthAndBeyond #OurHeritage #OurLegacy
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Achieving academic excellence with the odds stacked against you takes considerable character. Thembani Mavunda is determined that his disability and impoverished background will not define him and is exemplary of the drive that the IDC supports in our youth beyond just funding them. We were there then, and we're still here for the good of youth. Watch his story of resilience: https://lnkd.in/dHGrEqg7 Apply for the bursary: https://lnkd.in/daHYnH2p Closing Date: 30 September 2024 #30YearsOfDemocracy #IDCBursary #YouthAndBeyond #OurHeritage #OurLegacy
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At the IDC, our heritage fuels our mission to drive development, uplift communities, and advance SA’s economy. Our legacy of impact spans every corner of Mzansi, ensuring we remain accessible and relevant to local business' needs. Our funding investments across all 9 provinces, reflects our dedication to being there for the diverse people of SA. Happy #HeritageDay! #OurHeritage #HeritageMonth #IDCFunding
#IDCFunding