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IDC South Africa: Empowering Industries for Growth

Discover the Industrial Development Corporation of South Africa (IDC), a self-financing organization established in 1940, providing financing to entrepreneurs in competitive industries. Learn about its objectives to create employment opportunities, drive economic empowerment, and develop industrial capacity in Africa. Explore IDC's operational structure and financing trends from the 1940s to the present, showcasing its significant impact on the economy. Join the presentation by the Chief Investment Officer, Raisibe Morathi, as she elaborates on IDC's role in fostering entrepreneurship and improving living standards for all South Africans.

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IDC South Africa: Empowering Industries for Growth

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  1. Introducing the Industrial Development Corporation(IDC)Presentation by: Raisibe Morathi Chief Investment Officer Industrial Development Corporation of South Africa Introducing the IDC Johannesburg 09 June 2004

  2. Corporate profile… • Established in 1940, the IDC is a self-financing, state-owned development finance institution • Provides financing to entrepreneurs engaged in competitive industries • Follows normal company policy and procedures in its operations • Pays income tax at corporate rates and dividends to the shareholder • Independent Boardof Directors • Reports on a fully consolidated basis, with its Annual Report freely available to the public

  3. CIO Raisibe Morathi CFO Geoffrey Qhena Marketing & Corporate Affairs Division Neo Sowazi Services Sectors Division Gerrit van Wyk Industrial Sectors Division Ufikile Khumalo HR Division Lesé Matlhape Projects Division Jaco Kriek Professional Services Trevor Mashabane Legal Services & General Counsel Division Tony Tshivhase 14 Strategic Business Units (SBUs), each focussed on specific economic sectors 23 Supporting departments IDC’s Operational Structure… CEO / President Khaya Ngqula COO Gert Gouws

  4. IDC Objectives • Create employment opportunities • Improve the real standards of living of all South Africans: • Poor provinces • Rural areas • Foster entrepreneurship • Small and medium enterprises • Economic empowerment of the historically disadvantaged, including broad based • Development of industrial capacity in Africa

  5. Total Value of financing approvals % of GFCF Rand billion 90 7 Rand billion at 2002 prices 83.5 As a % of Gross Fixed Capital Formation (GFCF) in SA 75 6 Projected IDC Financing 60 5 45 4 30 3 16.7 15 2 0 1 1940s 1950s 1960s 1970s 1980s 1990s *2000s IDC financing to reach over R80 billion in 2000-2010 IDC financing trend (1940s - 2000s)… low economic activity

  6. Investing in the Economy… Financial year 2002/2003… IDC’s investment approvals amounted toR 6.2 billioninvolving345 deals IDC’s investmentsas percentage of private sector investment activity amounted to4.7% of GFCF IDC awarded an investment grade rating of Baa2 from Moody’s Investor’s Service

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