Industrial Development Corporation (IDC)

 
New Lily Mine owners set to resume operations after three year hiatus
New Lily Mine owners set to resume operations after three year hiatus
The new owners of Lily and Barbrook Mines in Mpumalanga on Tuesday said they were ready to resume operations, after nearly three years of non-activity and undergoing business rescue....
Lily Mine narrowly escapes liquidation
Lily Mine narrowly escapes liquidation
Plans to revive Lily Mine have finally been cleared after the liquidation application brought against its sister mine, Barbrook, was withdrawn on...
Lily Mine’s revival may be derailed if claims of negligence are proven
Lily Mine’s revival may be derailed if claims of negligence are proven
Just months after clinching a deal to revive the Lily Mine in Mpumalanga, Vantage Goldfields now faces claims that it was acting negligently while...
IDC appoints new auditors after dumping KPMG
IDC appoints new auditors after dumping KPMG
The Industrial Development Corporation (IDC) has announced the appointment of new external auditors.
Bizarre battles in Gupta rescue
Bizarre battles in Gupta rescue
A complex web of interests and legal cases has enveloped the business rescue of eight Gupta-linked companies as the various parties view one...
D-Day looms for Lily and Barbrook mines
D-Day looms for Lily and Barbrook mines
Vantage Goldfields’ Lily and Barbrook mines could be sold off for much less than they are worth if the Industrial Development Corporation (IDC)...
Highveld Steel ticks over, gearing up to rise once again
Highveld Steel ticks over, gearing up to rise once again
Not long ago, the Highveld Steel iron plant was a place of flames, fire, thunder and lightning. Now, it’s eerie and silent, a site that is slowly...
PIC caught up in Eskom’s woes
PIC caught up in Eskom’s woes
The Public Investment Corporation’s (PIC) decision to extend a R5-billion bridging loan to Eskom appears to have walked a fine line when it comes...
IDC loan of R60m ‘gone in one year’
IDC loan of R60m ‘gone in one year’
The Industrial Development Corporation (IDC) has laid criminal charges against businessperson Lorraine Masipa following allegations that she...
IDC moves to transparency by publishing a list of businesses it lends to
IDC moves to transparency by publishing a list of businesses it lends to
The Industrial Development Corporation (IDC) is leading a charge toward greater transparency in state-owned institutions by publishing a list of...
Will Oakbay find a JSE sponsor?
Will Oakbay find a JSE sponsor?
Nearly two weeks after the first articles based on the Gupta leaks, those who invested in the Gupta family — including the state-owned...
Gupta firm rides a wild rollercoaster
Gupta firm rides a wild rollercoaster
When Atul Gupta, the head of the politically connected Gupta family, went to bed last Tuesday he was personally worth R16.6-billion in listed...

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