Company profile
Industrial Development Corporation
Partnering you. Growing the economy. Developing Africa
- Industry
- Financial Services
- Employees
- 1,127
- Headquarters
- Johannesburg, Gauteng
- Founded
- 1940
- LinkedIn followers
- 81,704
- Office locations
- 1
Industrial Development Corporation company summary
Industrial Development Corporation is a company in the Financial Services industry, headquartered in Johannesburg, Gauteng, founded in 1940. On LinkedIn the company has around 1,127 employees and 81,704 followers.
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About Industrial Development Corporation
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.
Where is Industrial Development Corporation located?
Industrial Development Corporation lists 1 location.
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| Company | Industry | Employees | Founded | Headquarters |
|---|---|---|---|---|
Industrial Development Corporation idc.co.za | Financial Services | 1,127 | 1940 | Johannesburg, Gauteng |
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Frequently asked questions about Industrial Development Corporation
What does Industrial Development Corporation do?
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.
How many employees does Industrial Development Corporation have?
Industrial Development Corporation has around 1,127 employees on LinkedIn.
Where is Industrial Development Corporation headquartered?
Industrial Development Corporation is headquartered in Johannesburg, Gauteng.
When was Industrial Development Corporation founded?
Industrial Development Corporation was founded in 1940.
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