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Industrial Development Corporation
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The Industrial Development Corporation (IDC) is a state-owned development finance institution (DFI) established in 1940. Its primary mandate is to be a catalyst for balanced and sustainable economic growth in South Africa and across the rest of Africa. The IDC achieves this by providing financing for industrial development projects, promoting entrepreneurship, and facilitating job creation. It offers a range of financial products, including debt, equity, and guarantees, to new and existing businesses across various key sectors such as manufacturing, agriculture, mining, and green industries. The corporation plays a crucial role in implementing South Africa's industrial policy.
South Africa
Industry
Financial