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Idc

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Affidavit: About R121.5 million is allegedly linked to payments associated with Emberton Limited. Photo: Supplied
BUSINESS

Inside the R1.1bn SA Steel Mills deal now under scrutiny

Previously unreported affidavits have raised serious questions about the Industrial Development Corporation’s R1.1billion funding to SA Steel Mills, including allegations of weak…

  • Hasina Kathrada
  • Brian Sokutu
7 min read
The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.
BUSINESS

Public Protector vs IDC Human Capital

Trust deficit in HC is driving disaffected employees to the PP

  • Brian Sokutu
6 min read
The IDC should establish an independent forum to address employee relations issues. Photo: -File
BUSINESS

IDC avoids confirming board probe into Tinley Club Med deal

The IDC has not confirmed whether a formal board inquiry was conducted into the Tinley Club Med transaction, leaving key governance questions unanswered

  • Hasina Kathrada
3 min read
Out of business: Apiwe Nxusani-Mawela of Brewsters Craft, an agro-processing and beverage manufacturing company that shut down after the Covid-19 pandemic. Photo: Supplied
APIWE NXUSANI MAWELA

IDC under scrutiny as entrepreneurs detail liquidation fallout

An entrepreneur has accused the Industrial Development Corporation of rigid recovery practices that ignore the impact of Covid-19, as calls grow for an inquiry into its treatment…

  • Brian Sokutu
12 min read
The M&G understands that the IDC has spent over R54 million in the last three years on various law firms just on ER matters alone.
ABSA

Exclusive: Club Med deal exposes IDC governance failures

Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development

  • Hasina Kathrada
5 min read
The IDC should establish an independent forum to address employee relations issues. Photo: -File
AGRO AND SERVICES INDUSTRIES

IDC deal must be scrutinised

Ramaphosa must now turn to the Industrial Development Corporation (IDC), which faces allegations of corporate governance failures similar to the PIC case. The latest concerns are…

  • Editorial
2 min read
Intervention: Trade, Industry and Competition Minister Parks Tau, left, and his deputy Zuko Godlimpi believe a sustainable solution can be found to prevent Tongaat Hulett from being liquidated, thus preventing a devastating ripple effect across the economy. Photos: Supplied
BUSINESS

Tau leads drive to save Tongaat Hulett

The government says the ailing company is a crucial player in South Africa’s sugar value chain and its demise would have ‘far-reaching and devastating consequences’ for the sector

  • Brian Sokutu
7 min read
(L) IDC CEO Ms Mmakgoshi Lekhethe, (C) DTIC Minister Paks Tau and FPI Director General Claude Ntumba Batubonke, at yesterday’s MOU signing ceremony
IDC

Reflections from the 2026 Mining Indaba

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…

  • IDC
6 min read
File photo: Oupa Nkosi
ACTOM

Competition Commission to look into complaint over Actom’s acquisition of SSPM

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

  • Brian Sokutu
5 min read
AMSA BAILOUT

Trade commission protects legacy steel giant from competitive imports

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…

  • Nkateko Joseph Mabasa
7 min read
BUSINESS SKILLS TRAINING

Women Creating Wealth Investor Readiness Programme

IDC and Graça Machel Trust help women to acquire vital business expertise

  • IDC
1 min read
AFRICA CONTINENTAL FREE TRADE AREA

IDC performance highlights for 2022/23 FY

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

  • IDC
8 min read
(Paul Botes/M&G)
CIPC

Government’s efforts to retrieve R287m from Gupta mine stalls again

Court sets aside appointment of Shiva Uranium, further prolonging four-year legal wrangle

  • Khaya Koko
3 min read
Measuring a country’s capacity to achieve its NDC targets is crucial, because it provides the foundation for improving capacity development, enhancing knowledge and optimising financial flows.
CENTRE FOR ENVIRONMENTAL RIGHTS

South Africa improves on Covid-19 green stimulus index, but still falls short

Although it has joined 14 other countries with marked improvements, South Africa’s pandemic stimulus spending is still less than 50% green

  • Tunicia Phillips
4 min read
It’s a history littered with lessons and crumbs of what was to become the SAA privatised. (Oupa Nkosi)
ANDREW DONALDSON

The treasury and the neoliberal agenda destroyed the state airline’s capabilities

It’s a history littered with lessons and crumbs of what was to become the SAA privatised

  • Lumkile Mondi
6 min read