Critical Minerals, partnerships, and transformation were the key underlying themes to our participation at the just-ended Mining Indaba. Mining’s significance to SA’s economy can’t be overstated. It is a strategic pillar of SA’s economy as it employs over 470,000 people and contributes to local economic development in poor communities. Its contribution to nominal GDP rose […]
Afro-Map, which failed in its own bid to buy the transformer producer, filed the complaint, saying provisions of the Competition Act were flouted in the deal
An outdated iron ore beneficiation value chain is holding back South Africa’s industrialisation, even as government imposes tariffs mainly affecting China to shield ArcelorMittal from the surge of steel imports
IDC and Graça Machel Trust help women to acquire vital business expertise
The Corporation ramped-up its investment into the economy significantly in the year in review. In the year ahead, job creation will remain paramount to the IDC’s objectives
Court sets aside appointment of Shiva Uranium, further prolonging four-year legal wrangle
Although it has joined 14 other countries with marked improvements, South Africa’s pandemic stimulus spending is still less than 50% green
It’s a history littered with lessons and crumbs of what was to become the SAA privatised
Almost R50-million of taxpayers’ money has been invested but the station is yet to broadcast a single show
Relief for small businesses, tax breaks, employment incentives — Ramaphosa’s drastic measures to fight the effects of Covid-19
Even though the department awarded a grant to a company on its black industrialists scheme, the money has not been forthcoming
The Industrial Development Corporation is working in partnership with the department of trade and industry to uplift the clothing and textile industry
It takes absolute belief in your product to get a small business going
The IDC and the PIC extended loans to Sunrise, and now the company is struggling to repay them
Earlier this year, Shiva Uranium was one of eight Gupta-owned companies that underwent business rescue processes
Siyakhula Sonke Empowerment Corporation received R190-million in funding from the IDC to finance the takeover
Plans to revive Lily Mine have finally been cleared
The situation at Lily Mine is ‘out of control’, Dwaine Koch said in a lawyer’s letter to Vantage Goldfields’s business rescue practitioner
This follows the decision taken by its annual general meeting not to reappoint KPMG, which had previously audited the IDC
The companies and the IDC are strange partners in court cases against the business rescue team
The mines face provisional liquidation and 900 jobs will be lost – unless the IDC grants a loan
The development finance entity says it wasn’t aware of a beneficiary’s connection to a minister
The move towards greater transparency follows criticism of its decision to fund the Gupta family’s Oakbay Resources
By the end of last week the company had found R37.5-million to make a loan instalment payment to the state-owned Industrial Development Corporation.
Nearly two weeks after the first "Gupta leaks", those who invested in the family are starting to feel the direct repercussions of the saga.
A Soweto businessman fights back as the state lender denies him extra funds to get his mine back into operation.
‘Veleti said the IDC is “very comfortable” with its governance, which followed best practice, and would engage with Futuregrowth.’
Oakbay Resources, a company controlled by the Gupta family is having a crazy share price ride – but that has not dampened its fundraising ambitions.
A South African is raking in millions from two projects that are costing Namibians a fortune.
Analysts are reflecting on what has changed in South Africa since 1994 and how the country is positioned on the global stage.
The Industrial Development Corporation has issued R1.5-billion in public bonds and plans to launch more in the future.
The finance institution attributes its losses to exposure to a pressured commodities market.