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Industrial Development Corporation

Women Creating Wealth Investor Readiness Programme
Partner Content
/ 30 August 2024

Women Creating Wealth Investor Readiness Programme

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

By IDC
Black industrialists programme needs an overhaul
Opinion
/ 29 March 2024

Black industrialists programme needs an overhaul

If the programme is to be a success, the government needs to use all the tools in its kit — and it should start with a definition of what a black industrialist is

By Elais Monage
IDC performance highlights for 2022/23 FY
Partner Content
/ 6 October 2023

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

By IDC
Pressure builds as Enoch Godongwana forges on with fiscal consolidation
Business
/ 22 August 2022

Pressure builds as Enoch Godongwana forges on with fiscal consolidation

Enoch Godongwana is currently seized with preparations for the medium-term budget, which will give details on whether fiscal stability is still possible

By Sarah Smit
Eskom compact: The plan to end the energy crisis has ‘dragged on’
Business
/ 15 July 2022

Eskom compact: The plan to end the energy crisis has ‘dragged on’

After 14 years of blackouts, the president has promised to expedite load-shedding’s finale

By Sarah Smit
Public finance institutions should be more transparent on their decision making
Opinion
/ 27 December 2021

Public finance institutions should be more transparent on their decision making

Despite commitments to climate resilience, many continue to ignore their social mandates and push ahead with funding for fossil fuel projects.

By Alia Kajee
R1.5bn in funding approved for riot-hit businesses
Business
/ 19 October 2021

R1.5bn in funding approved for riot-hit businesses

Agencies emphasise that speed is crucial to rescuing firms affected by July’s unrest

By Sarah Smit
Controversial Musina-Makhado Special Economic Zone gets green light
Opinion
/ 7 September 2021

Controversial Musina-Makhado Special Economic Zone gets green light

Environmentalists are up in arms over the decision

By Meshack Mbangula, Hazel Shirinda and Lisa Thompson
The treasury and the neoliberal agenda destroyed the state airline’s capabilities
Business
/ 17 June 2021

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

By Lumkile Mondi
Khaya Koko: The theatre that is our journalism
Opinion
/ 20 May 2021

Khaya Koko: The theatre that is our journalism

Journalists’ voices should be the very loudest in calling for the culling of the corrupt among us

By Khaya Koko
Rhythm FM is R52-million of dead air
National
/ 11 December 2020

Rhythm FM is R52-million of dead air

A R6-million lawsuit is offering new insight into why the state-funded station has not yet broadcast

By Mosibudi Ratlebjane and Khaya Koko
The crisis can ‘galvanise all of us to eradicate inequality’
Article
/ 23 April 2020

The crisis can ‘galvanise all of us to eradicate inequality’

To lessen the damage being wrought by the lockdown, the coronavirus budget mixed increased grants with more money for infrastructure and to keep businesses

By Thando Maeko and Tshegofatso Mathe
South Africa’s economic plan for Covid-19
Article
/ 23 March 2020

South Africa’s economic plan for Covid-19

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

By Thando Maeko and Tshegofatso Mathe
Stitched for success
Article
/ 28 June 2019

Stitched for success

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

By Chimwemwe Mwanza
Cooking up a multi-million rand recipe
Article
/ 28 June 2019

Cooking up a multi-million rand recipe

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

By Chimwemwe Mwanza
Saldanha gas terminal in financial doldrums
Article
/ 1 April 2019

Saldanha gas terminal in financial doldrums

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

By Tebogo Tshwane
Cooking fills the gap of a lost love
Article
/ 14 September 2018

Cooking fills the gap of a lost love

A new South African film focuses on food and how it can be central to relationships

By Kwanele Sosibo
Legal wrangle over Gupta-linked Shiva Uranium loan still ongoing — Patel
Article
/ 3 September 2018

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

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

By Khulekani Magubane
New Lily Mine owners set to resume operations after three year hiatus
Article
/ 15 August 2018

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

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

By Sibongile Khumalo
Lily Mine narrowly escapes liquidation
Article
/ 3 August 2018

Lily Mine narrowly escapes liquidation

Plans to revive Lily Mine have finally been cleared

By Govan Whittles
Lily Mine’s revival may be derailed if claims of negligence are proven
Article
/ 6 July 2018

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

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

By Govan Whittles
IDC appoints new auditors after dumping KPMG
Article
/ 27 May 2018

IDC appoints new auditors after dumping KPMG

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

By Staff Reporter
Bizarre battles in Gupta rescue
Article
/ 25 May 2018

Bizarre battles in Gupta rescue

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

By Staff Reporter
D-Day looms for Lily and Barbrook mines
Article
/ 28 February 2018

D-Day looms for Lily and Barbrook mines

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

By Govan Whittles
IDC loan of R60m ‘gone in one year’
Article
/ 18 August 2017

IDC loan of R60m ‘gone in one year’

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

By Sihle Manda
IDC moves to transparency by publishing a list of businesses it lends to
Article
/ 3 August 2017

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

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

By Staff Reporter
Will Oakbay find a JSE sponsor?
Article
/ 9 June 2017

Will Oakbay find a JSE sponsor?

Nearly two weeks after the first "Gupta leaks", those who invested in the family are starting to feel the direct repercussions of the saga.

By Phillip De Wet
First ARVs from state-owned pharmaceutical company expected by 2017
Article
/ 29 March 2016

First ARVs from state-owned pharmaceutical company expected by 2017

As the world’s biggest consumer of ARVs, South Africa spends billions of rands purchasing the drugs on the international market every year.

By News 24
Gupta firm rides a wild rollercoaster
Article
/ 18 February 2016

Gupta firm rides a wild rollercoaster

Oakbay Resources, a company controlled by the Gupta family is having a crazy share price ride – but that has not dampened its fundraising ambitions.

By Phillip De Wet
Loss-making fruit farms yield rich pickings
Africa
/ 1 May 2014

Loss-making fruit farms yield rich pickings

A South African is raking in millions from two projects that are costing Namibians a fortune.

By Luqman Cloete
IDC launches R1.5bn public bond issue to meet funding commitments
Article
/ 17 October 2013

IDC launches R1.5bn public bond issue to meet funding commitments

The Industrial Development Corporation has issued R1.5-billion in public bonds and plans to launch more in the future.

By Staff Reporter
Nkandla: How IDC splashed R10m on bailout
Article
/ 12 July 2013

Nkandla: How IDC splashed R10m on bailout

When Bonelena, a firm nominated to do the major work at Jacob Zuma’s Nkandla homestead, was liquidated the IDC intervened to keep the firm going.

By Amabhungane
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