IDC

Industrial development Corporation

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IDC responds to Sunday Times article ‘How IDC lost R1.5 bn on dud steel plant’ 29 Sep 2026
The IDC notes the article published in yesterday’s edition of the Sunday Times carrying the headline ‘How IDC lost R1.5 bn on dud steel plant’. This article infers that the IDC may have engaged in reckless lending which ultimately resulted in loss of public funds.... The post…
IDC disburses R17 billion and mobilises R28 billion in co-funding to support industrial growth and jobs 27 Aug 2026
Johannesburg – The Industrial Development Corporation (IDC) disbursed R17 billion in development funding for the year ended 31 March 2026, a 4.3% increase on the previous corresponding period, while mobilising a further R28 billion from co-funders and investment partners. This…
Sustainable Bond Impact Report 2026 27 Aug 2026
The Industrial Development Corporation (IDC) was established in 1940 through an Act of Parliament, the Industrial Development Corporation Act, No. 22 of 194) and is 100% owned by the South African Government under the supervision of its shareholder representative, the Department…