Latest articles on IDC

South Africa’s economic plan for Covid-19

Article Thando Maeko & Tshegofatso Mathe - 23 Mar 2020

Relief for small businesses, tax breaks, employment incentives — Ramaphosa’s drastic measures to fight the effects of Covid-19

DTI yet to pay, despite court order

Article Tshegofatso Mathe - 6 Sep 2019

Even though the department awarded a grant to a company on its black industrialists scheme, the money has not been forthcoming

Stitched for success

Article Staff Reporter - 28 Jun 2019

The Industrial Development Corporation is working in partnership with the department of trade and industry to uplift the clothing and textile industry

Cooking up a multi-million rand recipe

Article Staff Reporter - 28 Jun 2019

It takes absolute belief in your product to get a small business going

Saldanha gas terminal in financial doldrums

Article Tebogo Tshwane - 1 Apr 2019

The IDC and the PIC extended loans to Sunrise, and now the company is struggling to repay them

Legal wrangle over Gupta-linked Shiva Uranium loan still ongoing — Patel

Article Khulekani Magubane - 3 Sep 2018

Earlier this year, Shiva Uranium was one of eight Gupta-owned companies that underwent business rescue processes

New Lily Mine owners set to resume operations after three year hiatus

Article Sibongile Khumalo - 15 Aug 2018

Siyakhula Sonke Empowerment Corporation received R190-million in funding from the IDC to finance the takeover

Lily Mine narrowly escapes liquidation

Article Govan Whittles - 3 Aug 2018

Plans to revive Lily Mine have finally been cleared

Lily Mine’s revival may be derailed if claims of negligence are proven

Article Govan Whittles - 6 Jul 2018

The situation at Lily Mine is 'out of control', Dwaine Koch said in a lawyer’s letter to Vantage Goldfields’s business rescue practitioner

IDC appoints new auditors after dumping KPMG

Article Staff Reporter - 27 May 2018

This follows the decision taken by its annual general meeting not to reappoint KPMG, which had previously audited the IDC

Bizarre battles in Gupta rescue

Article Staff Reporter - 25 May 2018

The companies and the IDC are strange partners in court cases against the business rescue team

D-Day looms for Lily and Barbrook mines

Article Govan Whittles - 28 Feb 2018

The mines face provisional liquidation and 900 jobs will be lost – unless the IDC grants a loan

IDC loan of R60m ‘gone in one year’

Article Sihle Manda - 18 Aug 2017

The development finance entity says it wasn’t aware of a beneficiary’s connection to a minister

IDC moves to transparency by publishing a list of businesses it lends to

Article Staff Reporter - 3 Aug 2017

The move towards greater transparency follows criticism of its decision to fund the Gupta family’s Oakbay Resources

Risky Oakbay finds R37.5-million just in time

Article Phillip De Wet & Fikile Ntsikelelo Moya - 6 Jul 2017

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.

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Latest

National

Fake trafficking news targets migrants

Jan Bornman - 20 Oct 2020

Exaggerated reports on social media of human trafficking syndicates snatching people in broad daylight legitimate xenophobia while deflecting from the real problems in society

National

Female cops sent for rape counselling

khaya koko - 18 Oct 2020

Brigadier Sifiso Cele denies the rape allegations, saying that they are part of a smear campaign and that criminal charges should have been opened if the accusations were true

National

‘Lost’ PPE: Morar a ‘player and ref’

Paddy Harper - 18 Oct 2020

Roshan Morar, the auditor who supplied the KZN education department with sanitisers has also been tasked with investigating the “disappearance” of millions of rands worth of PPE

Press Releases

Special Reports

Corporates: A force for good for a sustainable future

special reports - 20 Oct 2020

In order to see people and nature thrive what is required is a strong focus on partnerships – we cannot act alone anymore

Special Reports

Combatting wildlife crime in Southern Africa activity annual programme statement (APS) No. 04

special reports - 20 Oct 2020

Concept papers are sought for implementating activities, for a multi-faceted programme that aims to reduce poaching and illegal trade in wildlife

Special Reports

The financial decisions made during your life journey, and their impact on your retirement outcome

special reports - 19 Oct 2020

The longer you save towards retirement the larger your retirement savings are expected to be due to the effect of compounding interest

Special Reports

In conversation with SA Reserve Bank Governer, Lesetja Kganyago

special reports - 16 Oct 2020

'Make interest rates zero and inflation goes up and then people save less – we need savings to fund investment in this country'

Special Reports

Secure your business from cyber threats

special reports - 16 Oct 2020

Many business-grade security systems now have built-in learning systems and AI to help businesses stay up to date with protection

Special Reports

Mental Health

special reports - 16 Oct 2020

During the pandemic there's been a dramatic increase in depression, anxiety and suicides, according to some of the surveys done

Special Reports

Expert financial advice still recommended – especially in uncertain times

special reports - 16 Oct 2020

A financial advisor is an expert who will help you to protect your wealth and make a realistic plan when unexpected events threaten your wellbeing

Special Reports

What is a virtual card, and how does it work?

special reports - 15 Oct 2020

A virtual card lets you pay online without ever having to take your card from your wallet or exposing your actual account information