Leading the Free State growth path

2017-09-03 06:00

As the newly appointed regional manager of the IDC in the Free State, Nina Yose is well versed in the challenges facing the province.

IDC profit up more than 800%

2017-07-31 15:40

The Industrial Development Corporation has reported a net profit of R2.2bn, compared to the R223m reported in 2016.

The business of water

2017-07-23 06:45

The resource may fall from the sky, but when it comes to harnessing its economic power, we have ­challenges to overcome, writes Gayle Edmunds.

IDC millions at risk as Oakbay share valuation becomes tricky

2017-07-11 11:55

The fluctuating share price of Gupta-owned Oakbay makes it difficult for the Industrial Development Corporation to recover funds, says a banking expert.

Patel: Govt wants workers to become shareholders

2017-05-26 06:00

Economic Development Minister Ebrahim Patel announced that government will look to create opportunities for workers to participate as shareholders in companies.

Feature phones make huge African comeback

2017-03-28 15:25

Smartphone sales in Africa are slowing down as feature phones drive growth on the continent.

A fairy tale success story

2017-03-26 12:07

Sacks Packaging’s floor in Mobeni, south of Durban, is a constant hive of activity, where different types of paper bags, used in everything from cement to sugar packaging, are made.

IDC to look for opportunities beyond renewables

2017-01-31 18:16

While Eskom’s battle with proponents of renewable energy continues, stakeholder the Industrial Development Corporation will be looking at other opportunities in the energy sector.

Futuregrowth lifts funding ban against 2nd SOE

2016-11-07 13:22

Futuregrowth Asset Management has lifted its lending suspension against the state-owned Industrial Development Corporation.

Moody times for state enterprises

2016-09-18 06:53

FutureGrowth, which said it would stop funding SOEs this month, could do an about-turn amid ratings agency jitters.


Fund a woman, fund a nation

2017-08-13 06:07

‘While manufacturing remains important for a growing and developing economy, I believe equal energy must be invested in the services sector,” said National Empowerment Fund (NEF) CEO Philisiwe Mthethwa at Sun City this week.

We must act now to turn the drought crisis around

2017-07-23 06:51

South Africa is in the middle of a water crisis. You would assume that, after repeated warnings over the past few years by industry stakeholders, we would have changed our attitudes.

5 business stories you should read

2017-07-11 18:39

The Guptas, Eskom and tolls make it into the list of the leading business stories on Fin24.

SA film sector creates 21 000 jobs, contributes R5.4bn to GDP

2017-06-16 07:52

South Africa's film industry is becoming a serious economic player, having contributed R5.4bn to the gross domestic product during the 2016/17 financial year.

Govt's new R1.5bn steel fund to help SMMEs - Patel

2017-05-25 19:13

Government will make a R1.5bn steel competitiveness fund available which will be administered by the IDC, says Economic Development Minister Ebrahim Patel.

Patel: No timeframe yet for IDC/NEF marriage

2017-03-27 18:39

There is no timeline yet for the proposed amalgamation of the Industrial Development Corporation and the National Empowerment Fund, says Economic Development Minister Ebrahim Patel.

New IDC deal continues Zuma's radical transformation vision

2017-02-15 14:46

Government departments have signed a deal for the National Empowerment Fund to become a wholly-owned subsidiary of the IDC to meet the considerable funding demand for black entrepreneurs.

Futuregrowth lifts lending freeze on third SOE

2016-11-21 13:12

Futuregrowth has lifted its funding suspension on a third state-owned entity, the Development Bank of Southern Africa has revealed.

IDC didn't lose any money with Oakbay loan - CEO

2016-10-13 20:22

IDC boss Jeffrey Qhena says the state-owned entity hasn't suffered any financial losses when it restructured a loan to the Gupta-linked company Oakbay Resources.

FULL STATEMENT: Why Futuregrowth won't grant loans to SOEs

2016-08-31 19:45

Read the full statement of Futuregrowth Asset Management taking an unprecedented decision to halt negotiations on over R1.8bn of debt finance to three state-owned firms.

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