Address19 Fredman Drive, Sandown PO Box 784055 Sandton, 2146
About IDC
Who we are
Established in 1940, we are a national development finance institution set up to promote economic growth and industrial development. We are owned by the South African government under the supervision of the Economic Development Department.
Our vision
We aim to be the primary source of co... read moremmercially sustainable industrial development and innovation to benefit both South Africa and the rest of Africa.
Our mission
Our mandate is to contribute to the creation of balanced, sustainable economic growth in South Africa and on the rest of the continent.
We promote entrepreneurship through the building of competitive industries and enterprises based on sound business principles.
Our values
Everything we do is directed by our values:
Passion
Partnership
Professionalism
Our mandate
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) and is fully owned by the South African Government.
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.
We have contributed to the implementation of South Africa's industrial policy for more than 70 years and 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.
During the 1990s, our mandate was expanded to include investment in the rest of Africa. The Mozal aluminium smelter in Mozambique was the first such venture. We secured investors from around the globe to establish a major industrial enterprise in a country plagued by decades of civil war. The smelter illustrated the viability of large projects on a continent often shunned by investors. Currently, our investments in Africa include mining, agriculture, manufacturing, tourism and telecommunications.
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.
Our industrial development role
As a key implementing agency of industrial policy, the IDC's activities currently centre on the National Development Plan (NDP), the New Growth Path (NGP) and the Industrial Policy Action Plan (IPAP). We identify sector development opportunities aligned with policy objectives and develop projects in partnership with stakeholders.
By developing industrial capacity the IDC achieves specific outcomes. The most important of these is to enable job creation through the companies we fund. In addition, IDC funding continues to promote regional development and integration, economic empowerment of communities and growing black industrialists. The IDC remains committed to promoting environmentally sustainable growth and increasing sectoral diversity to boost the local production of goods. The corporation also plays a critical role, directly and through its sefa subsidiary, in promoting entrepreneurial development and growing the SME sector.
While our funding activities focus mainly on the private sector, we work closely with different levels of government agencies and sector organisations to coordinate industry development. We also support government in other areas related to its development objectives, such as research and management of government funds allocated to achieving specific outcomes. We pro-actively develop and implement strategies in the rest of Africa to create and integrate value chains across the continent. Our aim is to use the strengths of different countries in the region to establish a more competitive industrial base.
To proactively source and develop bankable transactions/projects within the SBU’s sectoral focus areas in Rest of Africa including the evaluation of applications for funding and structuring o
To ensure the correct and timeous implementation of approved transactions and proactive management of Business Partners with the view of enhancing portfolio management by focusing on support, value
The Corporate Treasury Specialist is responsible for assisting in managing and optimizing the organization’s liquidity, funding, and financial risk.
The Corporate Treasury Specialist will a
Job Description
To ensure the correct and timeous implementation of approved transactions and proactive management of Business Partners with the view of enhancing portfolio management, by focusi
To provide technical expertise pertaining to the maintenance and operation of multiple buildings and engineering services to ensure reliable and safe continuous operation thereof in accordance with
Job Description
Assist in the development of compliance initiatives and programs to comply with the respective money laundering legal, licensing, and regulatory obligations
Improve and maintai
Job Description
Review the Operational Guidelines adopted by the Trustees and obtain approval for any amendments.
Engage with the relevant IDC internal departments (including the PICC) in exec
Synopsis
Responsible for providing administrative support to the team to ensure efficient running of the office.
To assist the team through planning and coordination of information to optimize
Synopsis
An Invoicing Administrator is responsible for managing the invoicing process, ensuring accuracy, compliance, and timely processing of invoices within an organization.
The administrato
Job Description
Provide specialised strategic support and expert input in sector-specific technical areas for developing and implementing strategies, industry development goals, and value creati
Synopsis
To support the development and implementation of the Supplier Development strategy in line with the B-BBEE Action Plan.
Qualification and Experience
Minimum qualification: re
Synopsis
To evaluate and present applications for funding and structure deals that contribute towards unit and IDC objectives as well as industry development goals. This would include performing
Synopsis
The availability of a comprehensive and robust project pipeline ready for investment is central to unlocking infrastructure investments. The objective of this role is to lead an expert
Synopsis
The Industrial Development Corporation is a national development finance institution, set up to promote economic growth and industrial development. Owned by the South African Government
Synopsis
Procurement specialists are responsible for facilitating the procurement process which includes the evaluation of tenders for the supply of products and services, negotiation and admini
Job Description
To analyse, map, and identify improvement opportunities and ensure the quality of the solution, as well as to train end users.
Qualifications and Experience
Minimum qu
To evaluate and present applications for funding and structure deals that contribute towards the SBU objectives and the growth and development of the small business sector.
This would include per
Synopsis
Configuration and maintain the SAP HR modules (PA, PY, OM, TM, Comp Management, SAP Portal, etc.) based on business requirements within Human Capital Function (HC).
Design and map bus
