Making headway in a market dominated by huge capital outlay and high labour costs and international competition from Chinese producers is no mean feat
The Industrial Development Corporation’s balance sheet looks relatively strong despite a rise in impairments.
The Board of the state’s lender has made it clear that it has the means to fulfill government’s objectives of creating a greener economy.
The support the IDC is providing to the development of the country’s green economy is expected to have a significant impact on job creation.
The IDC’s Green Industries unit has invested heavily in supporting the rollout of energy efficient alternatives to South Africa’s households.
Energy efficiency and a reduction in carbon emissions are at the top of most agendas around the globe, and no less so for the IDC.
With R90-million provided to South African companies under the IDC’s Green Energy Efficiency Fund the results from these projects are being seen.
The Industrial Development Corporation has been mandated to support and develop the sector in the same way it backed the mining industry.
The vision of a green economy in South Africa is moving rapidly from fantasy to reality.
The IDC’s Transformation and Entrepreneurship Scheme was set up in 2008 to finance marginalised groups in SA Instead of being one clump of money.
The state wants to keep the country’s debt levels down while also saving money across government departments.
Adding to recent feuds over a porn channel, more changes are on the cards for satellite network TopTV, as its parent company’s CEO looks set to walk.
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/ 3 February 2012
Zuma looking to China for infrastructure development.
For the first time since 1940 the Industrial Development Corporation (IDC) will now pump money into businesses exploring "green" technology energy.
Bringing innovation to the fore.
Yahoo! is willing to negotiate further with Microsoft, top executive Jerry Yang said in an interview on Tuesday, as he defended his handling of the aborted takeover bid. "We were totally willing to do a transaction, and they walked away," Yahoo! CEO Yang told the <i>Financial Times</i>, adding that he is open to renewing negotiations with Microsoft.
The maker of the popular photo-editing software Photoshop on Thursday launched a basic version available for free online. San Jose, California-based Adobe Systems says it hopes to boost its name recognition among a new generation of consumers who edit, store and share photos online.
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/ 19 February 2008
Japan’s Toshiba conceded defeat on Tuesday to rival Sony in a long-running DVD format war, ending consumer confusion but leaving about one million people with expensive machines doomed to become obsolete. Toshiba said it will stop selling its HD DVD machines by the end of March.
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/ 5 February 2008
The Industrial Development Corporation (IDC) will invest R100-million in a process to convert superfine iron ore into high quality iron units. The IDC said Iron Mineral Beneficiation Services — the company that has developed the technology called Finesmelt — would receive approximately R100-million from the IDC.
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/ 30 November 2007
Suited executives, grungy teens and even some savvy grannies are already using Wi-Fi to link their laptops wirelessly to the internet. It may not be long before the short-range high-speed technology is just as popular for those looking to connect music players, phones, cameras, game consoles and more.
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/ 18 October 2007
Spending on computer technology will top a trillion dollars this year as the industry grows increasingly vital to national economies worldwide. An analysis of 82 countries and regions found that information technology (IT) businesses are major generators of jobs, companies and tax revenues.