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.
Company Details
- Employees
- 1.04K
- Founded
- -
- Address
- 19 Fredman Dr, Johannesburg,gauteng 2196,south Africa
- Phone
- 011 269 3000
- id****@****ffs.com
- Industry
- Financial Services
- NAICS
-
Finance and InsuranceMonetary Authorities-Central Bank
- Website
- idc.co.za
- Keywords
- Johannesburg.
- HQ
- Johannesburg, Gauteng
- Competitors
- Nedbank, Absa Group, Small Enterprise Development & Finance Agency, Land and Agricultural Development Bank of South Africa, Development Bank of Southern Africa (DBSA), Investec, Public Investment Corporation, RMB - Rand Merchant Bank, National Empowerment Fund, South African Reserve Bank.
Industrial Development Corporation Questions
Industrial Development Corporation's helpline number is 011 269 3000
Industrial Development Corporation's website is idc.co.za
Industrial Development Corporation's LinkedIn profile is https://za.linkedin.com/company/idc-sa
Industrial Development Corporation has
1.04K employees.
View email and phone details for 1.04K
employees at Industrial Development Corporation.
Industrial Development Corporation's industry is
Financial Services
Industrial Development Corporation's top competitors are
Nedbank,
Absa Group,
Small Enterprise Development & Finance Agency,
Land And Agricultural Development Bank Of South Africa,
Development Bank Of Southern Africa (Dbsa),
Investec,
Public Investment Corporation,
Rmb - Rand Merchant Bank,
National Empowerment Fund,
South African Reserve Bank.
Industrial Development Corporation's support email address is idc@tip-offs.com
Industrial Development Corporation's categories are Financial Services
Industrial Development Corporation's founding year is 1940
