The IDC has not confirmed whether a formal board inquiry was conducted into the Tinley Club Med transaction, leaving key governance questions unanswered
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 of struggling black-owned businesses
Allegations of governance failures have emerged over the IDC’s involvement in a R2.1bn Club Med Tinley leisure development
Despite asset growth to R3.7 trillion, questions persist over distressed loans and legacy investment scandals
A country that exports minerals but imports industrial dependence is not sovereign in any deep sense. A country that sits on energy resources but cannot convert them into stable power, strategic reserves, industrial feedstock, jobs and technological upgrading is not sovereign in any deep sense
Ramaphosa has raised South Africa’s investment target to R3 trillion after nearly R890 billion in pledges at this year’s investment conference, with Sasol’s R60 billion commitment emerging as one of the biggest – and a sign of business confidence tied to policy certainty
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
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
Transforming the world’s monetary policies would benefit African cities and the continent’s public development banks have a key role to play
Black economic empowerment has been transformative but it needs to be revisited to broaden its pool of beneficiaries
IDC and Graça Machel Trust help women to acquire vital business expertise
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
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
Enoch Godongwana is currently seized with preparations for the medium-term budget, which will give details on whether fiscal stability is still possible
After 14 years of blackouts, the president has promised to expedite load-shedding’s finale
Despite commitments to climate resilience, many continue to ignore their social mandates and push ahead with funding for fossil fuel projects.
Agencies emphasise that speed is crucial to rescuing firms affected by July’s unrest
Environmentalists are up in arms over the decision
It’s a history littered with lessons and crumbs of what was to become the SAA privatised
Journalists’ voices should be the very loudest in calling for the culling of the corrupt among us
A R6-million lawsuit is offering new insight into why the state-funded station has not yet broadcast
To lessen the damage being wrought by the lockdown, the coronavirus budget mixed increased grants with more money for infrastructure and to keep businesses
Relief for small businesses, tax breaks, employment incentives — Ramaphosa’s drastic measures to fight the effects of Covid-19
The Industrial Development Corporation is working in partnership with the department of trade and industry to uplift the clothing and textile industry
It takes absolute belief in your product to get a small business going
The IDC and the PIC extended loans to Sunrise, and now the company is struggling to repay them
A new South African film focuses on food and how it can be central to relationships
Earlier this year, Shiva Uranium was one of eight Gupta-owned companies that underwent business rescue processes
Siyakhula Sonke Empowerment Corporation received R190-million in funding from the IDC to finance the takeover
Plans to revive Lily Mine have finally been cleared
The situation at Lily Mine is ‘out of control’, Dwaine Koch said in a lawyer’s letter to Vantage Goldfields’s business rescue practitioner
This follows the decision taken by its annual general meeting not to reappoint KPMG, which had previously audited the IDC