For Tshegofentse Training Academy Engineering & Facilities owners, Thuto and Neo Mosholi, there is never a wasted opportunity. The IDC’s Supplier Development Programme has fueled the growth of their waste management facility by providing them with a flatbed truck and skip bins. This has unlocked their market competitiveness capability and created employment in their community. Tshegofentse was recently awarded with accreditation as a water testing laboratory and is expanding its national footprint. This tells the story of a journey that is not only inspiring but also bears testament to the IDC’s mandate to drive job-rich industrialisation. Watch the full video: https://lnkd.in/gdCJeYkh Look out for our procurement opportunities: https://lnkd.in/dvhfypC #30YearsOfDemocracy #SupplierDevelopment #Entrepreneurship
Industrial Development Corporation
Financial Services
Johannesburg, Gauteng 64,319 followers
Partnering you. Growing the economy. Developing Africa
About us
The Industrial Development Corporation of South Africa Limited (IDC) was established in 1940 by an Act of Parliament (Industrial Development Corporation Act, No. 22 of 1940). The IDC was mandated to develop domestic industrial capacity, specifically in manufactured goods, to mitigate the disruption of trade between Europe and South Africa during the Second World War. For more than 70 years the IDC has contributed to the implementation of South Africa's industrial policy and has established, among others, the petro-chemicals and minerals beneficiation industries. We have stimulated large industrial projects in these industries - acknowledged today as the cornerstones of the country's manufacturing sector - and influenced the establishment of industries in fabricated metals, agriculture and clothing and textiles. The IDC's funding is generated through income from loan and equity investments and exits from mature investments, as well as borrowings from commercial banks, development finance institutions (DFIs) and other lenders. We align our priorities with government's policy direction and remain committed to developing the country's industrial capacity, as well as playing a major role in facilitating job creation through industrialisation.
- Website
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https://www.idc.co.za/
External link for Industrial Development Corporation
- Industry
- Financial Services
- Company size
- 501-1,000 employees
- Headquarters
- Johannesburg, Gauteng
- Type
- Government Agency
- Founded
- 1940
Locations
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Primary
19 Fredman Dr
Johannesburg, Gauteng 2196, ZA
Employees at Industrial Development Corporation
Updates
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Phumi Zwane, Director of New Dawn Energy, is changing the face of the local oil and petroleum industry. She received a fuel transportation truck through our Supplier Development Programme, which helped her obtain additional routes, expand her operations and create employment opportunities. Not only does she supply petrol, diesel and lubricants but she is also igniting hope for other women who aspire to make their mark. We take pride in supporting leaders like Phumi, who inspire economic growth and show that dreams can flourish with the right support. Watch video of her journey: https://lnkd.in/dpgBKyym Look out for our procurement opportunities: https://lnkd.in/dvhfypC #30YearsOfDemocracy #SupplierDevelopment #Entrepreneurship
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Director of Rent Minds Network, Morrel J Shilenge’s business journey started with a passion for storytelling through photography and filmmaking. The production equipment his business received through the IDC’s Supplier Development Programme changed the game for the business. This enabled Rent Minds to become a trusted name for creative high-end film production and photography. Today, Morrel is paying it forward by mentoring young people and giving them opportunities to make inroads into the industry. Watch his story: https://lnkd.in/dkAgki-v Look out for our procurement opportunities: https://lnkd.in/dvhfypC #30YearsOfDemocracy #SupplierDevelopment #Entrepreneurship
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#ChoosedayConnect Poll 🌟 As the year winds down, we would like to hear from you! Tell us how you are wrapping up 2024. #ChoosedayPoll #IDCFunding
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International Volunteer Day allows us to reflect on the impact we have made in shaping the future of our youth through the NPO Business Challenge. Over the past two months, our dedicated IDC volunteers immersed themselves in the world of four NGOs, to understand their challenges and develop tailored solutions, to enhance their missions and unlock their full potential to serve their communities. We extend our heartfelt gratitude to our employees, the incredible NGOs, Vuka Skhokho: The Jermaine Lungile Schmidt Foundation, Kids Haven, Seriti Institute (NPC), South Africa Volunteer Work Camp Association, our partner forgood and the judges for their unwavering commitment and teamwork. Watch the NPO Business Challenge finale highlights: https://lnkd.in/dc-ChAfd #NPOBusinessChallenge #IDCCSI #VolunteerDay #YouthDevelopment
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We are proud to share that Ms. Mmakgoshi Phetla-Lekhethe has been announced as the first woman Chief Executive Officer and Executive Director of the IDC. Ms. Lekhethe is an accomplished executive with over 20 years of experience in the public finance sector and a demonstrated history of executive leadership roles in international financial institutions, multilateral development banks and global economic bodies (G20, WEF, BRICS). “The Board of the IDC is delighted to welcome Ms. Lekhethe as our new CEO and look forward to leveraging her exceptional leadership skills, strategic insights and deep industry knowledge. Her experience and appointment is a testament to her suitability to lead the IDC and contribute to its mandate.” - IDC Chairperson, Busi Mabuza. Read more: https://bit.ly/3ZlQ9Z8 #IndustrialDevelopment #IDCFunding
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Our Head of Procurement, Sandile Makhathini, unpacks how we partner with our suppliers to unlock impactful opportunities through our Supplier Development Programme. We ensure that they are capacitated to grow, create jobs, become sustainable businesses and change lives in their communities. Watch video: https://bit.ly/3OGbTKo Look out for our procurement opportunities: https://lnkd.in/dvhfypC #30YearsOfDemocracy #SupplierDevelopment #Entrepreneurship
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The IDC advocates for persons with disability to be afforded equitable social rights. To wrap up Disability Rights Awareness Month, we are privileged to share inspiring quotes from our colleagues, Neville Caswell, Mametse Selina Motsilili, Lerato Lee Botolo, Linkie Mohale and Marschelle Tillek, who are living and working with a disability. Their quotes remind us every day that with determination and courage, we all have the capacity to unlock new strengths and talents, and that true character shines through in how we rise, no matter the situations we go through. #DRAM2024 #IDCTeam
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IDC’s North West regional offices are open for business. Visit our office near you to understand how we can partner with you to: ✔️ Fund your start-up or business expansion ✔️ Boost capacity ✔️ Improve competitiveness. Our team of experts are on standby to help you take the next step. Visit: https://lnkd.in/dkRnA6fV #IDCFunding #FundingOpportunities #BusinessFunding
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ThrowbackThursday: Our participation at #COP29 affirms the IDC’s commitment to sustainable industrialisation. #IDCTeam hosted a panel discussion on the “Implementation of Sustainable Industrial Pathways: Developing a Pipeline of Projects for a Just Transition”. We also contributed to conversations on the socio-economic implications of climate change; challenges of innovative technologies in the climate agenda; Just Energy Transition Finance Dialogue, which focused on accessibility and inclusivity in JET financing and unpacking SA’s renewable energy landscape. Visit https://bit.ly/3Os6LcF for more information. Phiwe Marumo Pamela Mondliwa Kgashane Mohale Lwandle Mqadi, PhD Z. Rian Coetzee #ESG #IDCJustTransition #COP29Azerbaijan #Industrialisation